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NEW YORK, NY — S3 Capital Partners, a New York City-based private lending platform, closed 85 loans for a total of $915 million in 2019. S3 Capital is the New York metropolitan area’s most active lender with 150 active loans in the five boroughs of New York City and New Jersey. S3 Capital closed the year with a $250 million loan to the McSam Hotel Group for 150 West 48 St. The financing, a $210 million first lien and a $40 million mezzanine loan, is for the acquisition and c

NEW YORK, NY — Time Square Development Group and Time Square Construction Inc., each an independent business integrated into Tower Holdings Group, will partner on the development and construction of 1215 Fulton Street, a new co-living residential and hotel development in Bedford-Stuyvesant, Brooklyn. Time Square Development Group and London-based The Collective, one of the leaders in co-living communities, purchased the 1215 Fulton Street property, as well as 10 Halsey St. a

NEW YORK, NY — DeSimone Consulting Engineers, an engineering firm with offices worldwide, recently celebrated the completion and grand opening of the new Statue of Liberty Museum. DeSimone worked closely with FXCollaborative, the National Park Service, and the Statue of Liberty – Ellis Island Foundation to design and complete the new cultural facility located just steps away from the iconic national monument on Liberty Island. The new 26,000 s/f building introduces 15,000 s/

NEW YORK, NY — The Community Preservation Corporation (CPC), Project FIND, the Joint Ownership Entity New York City (JOE NYC), and the NYC Department of Housing Preservation and Development (HPD) announced the closing of a $6 million Fannie Mae Multifamily Affordable Housing (MAH) loan to finance the rehabilitation and preservation of The Hargrave House, a 113-unit, affordable senior housing development located at 111 West 71st St. in Manhattan. The financing will help pay fo

NEW YORK, NY — Governor Andrew M. Cuomo announced the completion of the new 96-apartment Azalea Village Phase Two, a $21.6 million affordable housing development for seniors in the Town of Webster. All tenants in the CDS Housing Azalea Village development can take advantage of services at the adjacent Wolf Life Transitions Center, which provides recreation, training, employment and volunteer opportunities, and an indoor therapy pool. "Quality and affordable housing is criti