News

Maddd Equities, Joy Construction land construction loan for Hell’s Kitchen hotel Financing comes from Bank Leumi USA

March 7, 2019

Via The Real Deal Maddd Equities and Joy Construction have received a $45 million construction loan for their hotel project at 305 West 48th Street in Hell’s Kitchen, according to sources familiar with the deal. The two companies are developing the luxury…

Bronx church land to become new community

December 20, 2018

Via Real Estate Weekly Work has gotten underway on 1755 Watson, a new affordable housing development that will bring 326 new affordable apartments to the Soundview neighborhood of the Bronx. The New York City Department of Housing Preservation and Development…

Shippin’ up to Boston: Maddd Equities, Joy Construction buy 3 Massachusetts hotels

December 11, 2018

Via The Real Deal New York developers Maddd Equities and Joy Construction are adding some Massachusetts hotels to their portfolio. The companies, along with AWH Partners, recently announced that they have purchased three hotels in the Boston suburbs: the Holiday Inn…

Maddd Equities and its partner Joy Construction have been on a development tear

October 11, 2018

Via The Real Deal The company, which made early and lucrative bets on Hudson Yards about 10 years ago, is now on a development tear, with market-rate and affordable projects ranging from the South Bronx to Downtown Brooklyn. It has…

Leasing launches for 12-story rental near Hudson Yards

August 29, 2018

Via Curbed

A new Hudson Yards rental that’s located just a few blocks away from the Javits Center has now launched leasing on its 118 apartments.

Maddd Equities to Convert Parking Lot and Self-Storage to Housing

August 23, 2018

Via Globe St.

The developers obtained $51 million in financing to acquire properties in the Bronx and Brooklyn.

Maddd Equities, Joy Construction Close on Dobro Site for $30m

August 20, 2018

Via The Real Deal

Jorge Madruga’s Maddd Equities and Eli Weiss’ Joy Construction have closed on their purchase of the Downtown Brooklyn site at 202 Tillary Street for $30 million, according to Weiss.

Coffee & Cap Rates℠ – Sponsored by AmTrust Title

July 26, 2018

Via Ariel Property Advisors

Held bi-annually, Ariel Property Advisors’ Coffee & Cap Rates event has grown into a highly popular industry event.

Congregation Seals $107M Financing for New Bronx Church, Resi Building

July 13, 2018

Via Commerical Observer

Property records filed this week show that Azimuth Development Group secured about $107 million in affordable-housing financing from the New York City Housing Development Corporation (HDC)