The Gowanus neighborhood of Brooklyn has been billed as one of the city’s most up and coming areas for the better part of a decade despite the literally toxic nature of its namesake canal.
Now, development-wary locals are viewing the surge of dirty water that Hurricane Sandy brought to the Superfund site as a rallying cry in their restrained fight against Gowanus’ residential and commercial rehabilitation. Read More
The list of real estate companies teaming up with the New York City Economic Development Corporation to donate free, temporary office space in the wake of Hurricane Sandy continues to grow.
The latest, The Lightstone Group, announced Friday that it will make 11,000 square feet of space available at 1407 Broadway through a city program for a period up to six months. Read More
A Long Island City residential project is underway thanks to a $51 million construction loan provided by Canadian Imperial Bank of Commerce.
The Lightstone Group and its sponsored, non-traded REIT Lightstone Value Plus are constructing the 199-unit multifamily property at 50-01 2nd Street along the East River in Long Island City. Financing from CIBC closed September 28, 2012. Read More
