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Posts Tagged ‘Development’

Elk Development in Default on Hollywood Apartments

Elk Development owes about $60 million on Hollywood apartments, according to two notices of default dated early June. Acres Capital loaned Elk around $41 million via a construction note five years ago. The note was amended and increased to $44...

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Pol Aims to Demystify Development

A basic fact not well understood by the public and politicians is that developers must raise money for their projects — and cannot if the expected return doesn’t compensate for investors’ risk.In other words: No profit, no project.One ele...

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Rockrose Development Closes on $100M Cobble Hill Site

There’s a common belief these days that there’s nowhere left to build in the city.  But Rockrose Development’s $100 million purchase of a Brooklyn city block, which closed Friday, shows that’s not entirely true — it just might not b...

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The builder self-remedy for housing development

Why this article is important: Developers are using the builder’s remedy as a workaround for restrictive local zoning ordinances. The loophole is preemptive legislation permitting builders to organically correct local housing shortages.Builde...

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NYC’s new development year in review

For New York City’s new development market, 2025 has been a year of whisper trades and low inventory. While a handful of buzzy sales launches powered the market, executives, brokers and data analysts spent the year warning of an imminent inv...

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