NYSERDA Awards $7M to Nine Multifamily Buildings
The New York State Energy Research and Development Authority (NYSERDA) announced that nearly $7 million has been awarded to nine projects through the fifth round of the Buildings of Excellence Competition (Competition), which aims to advance best-in-class, energy-efficient multifamily buildings in New York. The competition provides financial awards and recognition for zero emission or carbon–neutral […]
Gilbane Development, Institute for Community Living, Tredway, and ELH Mgmt Awarded Buildings of Excellence Competition Award for Transformational Supportive Housing Project in the Bronx
Gilbane Development Company, Institute for Community Living (ICL), Tredway, and ELH Mgmt. LLC (ELH), the joint venture development team for the West Tower Supportive Housing project at 280 East 161st Street (Project), is proud to announce that the Project, with Aufgang Architects as the lead architect, has been recognized as a winner of the New York State Energy Research and […]
The Daily Dirt: Bracing for the lien sale
Commercial: The top commercial deal recorded was $69 million for 2864 Atlantic Avenue. Housing developer Camber Property Group bought the 180-plus unit from The Jay Group. The space also has over 5,000 square feet of commercial space with plans for an affordable housing site in partnership with The Institute for Community Living, per reports. Click here to read more.
NYC’s top deals: a LES penthouse trades for $16M
🏆Commercial: The top commercial deal recorded was for a mixed-use building in East New York. A company tied to Jacob Aini sold 2864 Atlantic Avenue for just over $69 million after acquiring the development site for $7.5 million from Speedway in 2022, then building a 10-story building there. The buyer was a company connected to Camber Property Group and the Institute for Community Living. UMB […]
The 2025 Pride Trailblazers
After years of making remarkable progress in winning public support and securing policy changes, the LGBTQ+ community is now on defense. The Trump administration is slashing spending on research into LGBTQ+ health care and seeking to cut resources for an LGBTQ+ youth suicide hotline. With the White House actively opposing diversity initiatives of any kind, […]
Brooklyn Rezoning to Create 4,600 Units
The New York City Council has voted to approve the Atlantic Avenue Mixed Use Plan, a Brooklyn rezoning which will pave the way for 4,600 new multifamily units, including 1,900 affordable housing apartments. Click here to read more.
Deals of the Day: May 28
Developer unloads new 183-unit East New York complex Address: 2886 Atlantic Ave., BrooklynSeller: The Jay GroupBuyer: Camber Property Group Click here to read more.
This Week’s N.Y. Deal Sheet: Rybak Scores Construction Loan For UES Condo Building
Camber Property Group shelled out $72M for a newly built vacant multifamily building at 2886 Atlantic Ave., Commercial Observer reported. The Jay Group sold the 183-unit Cyprus Hills property, which was completed in 2023. The property will be an affordable housing site run in partnership with the New York City Department of Social Services and nonprofit […]
Camber Property Group Buys Brooklyn Multifamily Property for $72M
Affordable housing developer Camber Property Group has acquired a newly constructed multifamily property at 2886 Atlantic Avenue in Cypress Hills, Brooklyn, from The Jay Group for $72 million, Commercial Observer has learned. Click here to read more.
The 2025 Nonprofit Trailblazers
Nonprofit organizations ensure the well-being of New Yorkers in a wide variety of ways, whether it’s promoting mental health, delivering care for people with disabilities, providing training and education for students and job seekers – and much, much more. City & State’s annual Nonprofit Trailblazers puts a spotlight on an array of key leaders in […]
