Controversial project at 80 Flatbush gets approval from City Planning Commission

The City Planning Commission has given the green light to Alloy Development’s massive project at 80 Flatbush in Downtown Brooklyn. The commission unanimously approved the plans, and the City Council will vote on it later this summer, according to Commercial Observer. Alloy and the New York City Educational Construction Fund have partnered on the development,[…]

City considers opening new jail in Downtown

A massive new jail could be on its way to Lower Manhattan as part of the city’s plan to shutter Rikers Island. The jail would rise at 80 Centre Street, which currently houses the city’s marriage bureau and offices for the Manhattan District Attorney, along with multiple other government agencies, according to the Daily News.[…]

The Real Deal’s July issue is live!

It took about a century, but Cushman & Wakefield is finally heading to Wall Street and going public. However, the rollout has not been particularly smooth. One source described the New York operation as a “shitshow,” while another predicted it would lead to an exodus of the company’s top people looking to cash out. The Real[…]

Cascade condo project receives additional $100M in financing

Madison Realty Capital is adding $100 million to its loan in a Bedford-Stuyvesant condo complex called Cascade. Empire State Management, Abraham Brach and Nachman Leibowitz are constructing the seven-building complex, which will span 400,000 square feet along the Bed-Stuy-Williamsburg border, according to Commercial Observer. Madison Realty Capital previously loaned $88 million last year to the project[…]