Home Healthcare Company Moving HQ Across West 37th Street

252 West 37th Street (Photo: CoStar Group).

Alliance Homecare, a visiting nurse and senior health services provider, has inked a deal to move across the street from its current Midtown digs.

Commercial Observer has learned the company signed a 4,985-square-foot lease to relocate its headquarters to 252 West 37th Street between Seventh and Eighth Avenues, according to ABS Partners Real Estate. Read More

TIAA CREF’s Gary Simonetti Talks New Lending Platform

Gary Simonetti (Photo: TIAA-CREF).

Gary Simonetti, a senior director and head of bank loan originations in TIAA-CREF Global Real Estate’s New York office, has had a busy 12 months with the launch of the firm’s lending arm. The lending program—which operates through TIAA Direct, the company’s affiliated federal bank—committed $325 million in debt across 17 loans since early last year. Read More

Senior Brixmor Property Execs Resign Amid Scathing Accounting Review

Three leading executives have stepped down from Brixmor.

Brixmor Property Group, the nation’s largest owner of grocery-anchored shopping malls, today announced the resignation of four officials, including its chief executive officer and president, following a review by its audit committee that found financial statements were manipulated to show consistent net operating income.

The Manhattan-based real estate investment trust named Daniel Hurwitz, the former Read More

666 Fifth Avenue Developer John Tishman Dies

John Tishman (Photo: Jimi Celeste/PatrickMcMullan.Com).

John Tishman, the longtime head of Tishman Realty and Construction and builder of such New York City properties as the Twin Towers and 666 Fifth Avenue, died over the weekend at his home in Westchester, N.Y. He was 90.

Tishman passed away as a result of respiratory failure, a family spokesman told The New York Read More

Mitchell-Lama Residents Back Bill de Blasio’s Affordable Housing Plan

Mayor Bill de Blasio (Photo: Andrew Burton/For Getty Images) .

Mayor Bill de Blasio’s controversial plan to re-zone New York City in pursuit of affordable housing is getting some support from beneficiaries of the city’s last big affordable building boom: residents of developments built through the Mitchell-Lama program.

In letters to the New York City Council, resident leaders for Mitchell-Lama developments cited the importance—and strong demand for—affordable housing in the city.

“As members Read More

Twining Properties Lines Up $70M for LIC Resi Development

A rendering of Watermark Court Square (Image: Twining Properties).

New York-based development firm Twining Properties and its investment partner CBD lined up $70 million in debt and equity to fund the development of a 27-story residential rental project in Long Island City, Commercial Observer has learned.

Cushman & Wakefield President of Equity, Debt & Structured Finance Steve Kohn, Managing Director Mark Ehlinger and Director John Spreitzer arranged the Read More