News
Maddd Equities, Joy Construction Close on Dobro Site for $30m
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
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
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
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
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
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.
Natixis Lends $86M for Development of UES Medical Center
Via Commerical Observer
Natixis has provided approximately $86.3 million in financing to Joy Constructionand Maddd Equities for the development of a Class-A office building at 330 East 62nd Street on the Upper East Side to be used as administrative offices for a cancer center, the lender announced.
NYCHA Announces New Partnerships to Raise $40 Million for Repairs, Build New Affordable Homes
Via NYC Housing Authority
NEW YORK – Today, the New York City Housing Authority (NYCHA), the New York City Department of Housing Preservation and Development (HPD), and the New York City Housing Development Corporation (HDC) announced the selection of four new partnerships under its 100% Affordable Housing program, its NextGen Neighborhoods program, and its FHA Vacant Homes program.
A Luxury Tower Rises Next to … Honk! … the Lincoln Tunnel
Via Wall Street Journal
It is wider than the most famous Manhattan boulevards like Fifth Avenue or Central Park West. But the location, next to 10 lanes of ramps leading to the Lincoln Tunnel, is somewhat less glamorous.