Church seeks to escape hellish partnership with HFZ
Marble Collegiate Church thrived for nearly 400 years. Then it made a deal with HFZ Capital Group. The church...
nonprofit
The Latest
Faith alone: How one Manhattan congregation got caught in HFZ’s downfall
Below the spire of Marble Collegiate Church lays a barren hole with construction tools, fire extinguishers and ladders hastily...
Children’s Aid Society sells Midtown HQ
The Children’s Aid Society sold its Midtown headquarters, as the nonprofit organization relocates to a property it purchased in Harlem. Habib American Bank acquired the organization’s building at 150 East 45th Street for $28.25...
“There’s no plan:” Homeless brace for coronavirus
With few political champions and many vulnerabilities to the coronavirus, New York City’s homeless now run a risk of...
Wanna buy a rent-stabilized building? HPD may lend a helping hand
The city is launching a $7.5 million fund to help nonprofit organizations buy rent-stabilized apartment buildings. Through the fund,...
South Bronx senior housing project snags $57M loan
Nonprofit group Volunteers of America landed a $56.6 million loan for a planned senior housing complex in the South...
Nonprofit files plans for new assisted living building in Hudson Yards
A nonprofit focused on helping homeless youths is planning a 60-unit building in Hudson Yards. Covenant House filed plans...
Weekend Edition
Why a nonprofit trust took out a $5.3M loan for 1,000 acres in North Carolina
The North Carolina Coastal Land Trust is taking a big risk in the name of history. The nonprofit trust...
Nonprofits and public organizations pounced on deals in 2017
Nonprofits and public organizations took advantage of flat office rents last year to ink big deals, and demand from...
Meyer Equities and Children’s Aid Society feuding over Midtown HQ deal
Meyer Equities may have Harry Macklowe out of the way for now, but buying the Children’s Aid Society’s headquarters...