News

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)

Plans for New York City’s First Soccer Stadium Focus on the Bronx, Again

July 12, 2018

Via 6sqft

New York City Football Club, the Major League Soccer franchise owned by the Yankees and an investment group led by Abu Dhabi billionaire royal Sheik Mansour bin Zayed al-Nahayan, who also owns Manchester City Football Club, may have found a site for its own home stadium after a five-year search.

Hunt for New York City F.C.’s Stadium Site Is Back Where It Began: the Bronx

July 11, 2018

Via New York Times

After five years of prowling New York City and Long Island, New York City Football Club, the Major League Soccer franchise owned by the Yankees and a royal billionaire from Abu Dhabi, may have finally found a site for its own stadium.

Jorge Madruga and Joy Score $86m Refi for New Hudson Yards Rental Building

March 30, 2018

Via The Real Deal

Jorge Madruga’s Maddd Equities and Joy Construction Corporationhave locked in an $86 million refinancing from KKR for its newly opened Hudson Yards rental building the Lewis, Joy principal Eli Weiss told The Real Deal.