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For more than a century, a Lower East Side tenement apartment complex housed 10,000+ people, including working class immigrants working toward better futures for themselves and for generations of Americans to come. 103 Orchard Street presents an ordinary building but one that “re-imagines the role that museums can play in our lives,” to quote our client. Visiting the places where our ancestors once lived can result in a profound connection with the past.
Part of the “new normal” in the COVID era is gathering resources for your nonprofit or small business—and this means trusted advisors and experts in real estate and in economic and community development. Talk to the right people for the challenges ahead.
Fulfilling your organization’s mission while simultaneously dealing with New York City’s real estate market is a tall order.
Additional funds are available to small businesses—financing beyond your existing mortgage. The Small Business Administration is providing the opportunity to refinance your existing mortgage to free up cash for business expenses.
Our client’s school was founded almost a century ago based on the belief that a vibrant community could be nurtured through the arts. Although the school is a center for education and performance for all New Yorkers, a specific neighborhood is home, making its location synonymous with its brand.
NYC agencies are encouraging investments in IndustrialBusiness Zones (IBZ).This is good news for real estate developers and building owners hoping to attract manufacturing and light industrial tenants through redevelopment of their properties. Financial assistance through the NYCIndustrial Development Agency (NYCIDA) can make a sizeable contribution to most capital stacks.
For many organizations, delaying a project means delaying future success. Tax credits and economic incentives can help fund the next step forward in any mission-driven organization’s growth and evolution. Considering the life line that these programs can represent, let’s take a few moments to understand what incentives are and how to tap into the potential for your company.
The private, nonprofit agency Consortium for Worker Education (CWE) provides a wide array of workforce preparation, industry-specific training, and employment services for 70,000+ NYC workers every year. Union members, new Americans, and dislocated workers number among the populations served by this essential service provider.
Boyce Technologies represents the future in North America for electronic design, advanced manufacturing, and integration. Boyce designs, manufacturers, and sells security and communications equipment for the mass transit market. The company is experiencing exceptional growth, generating more than $50M in annual revenue, but its continued success is dependent on its advanced manufacturing capabilities. Expanding operations locally represents a commitment to New York.
York Studios, Inc. owns and operates NYS qualified motion picture and television production facilities in New York City. The company’s multi-phase expansion in the Bronx represents the first major film production studio project in the borough. A number of challenges initially complicated funding, including construction risk, collateral issues, and the speculative nature of the project and its location.
The original Nitehawk Cinema in Williamsburg, Brooklyn, was the first movie venue in New York City to introduce restaurant quality food and adult beverages into the movie watching experience. The 186-seat cinema opened in July 2011. Five years later, our client purchased the historic Pavilion (c. 1920), also a multi-screen theater, in nearby Park Slope. Cost-effective financing, combined with the restructuring of existing debt, made the purchase possible.
Independent Day School Acquires and Renovates New Property
Refinancing of Acquisition Loan
The New York Stem Cell Foundation (NYSCF) is an independent organization dedicated to accelerating cures and developing better patient treatments through stem cell research. Since its founding over a decade ago, NYSCF has supported and pioneered innovation in science.
For more than a century, a Lower East Side tenement apartment complex housed 10,000+ people, including working class immigrants working toward better futures for themselves and for generations of Americans to come. 103 Orchard Street presents an ordinary building but one that “re-imagines the role that museums can play in our lives,” to quote our client. Visiting the places where our ancestors once lived can result in a profound connection with the past.
Financing and Incentives for Advanced Manufacturing HQ
Additional funds are available to small businesses—financing beyond your existing mortgage. The Small Business Administration is providing the opportunity to refinance your existing mortgage to free up cash for business expenses.
Our client’s school was founded almost a century ago based on the belief that a vibrant community could be nurtured through the arts. Although the school is a center for education and performance for all New Yorkers, a specific neighborhood is home, making its location synonymous with its brand.
York Studios, Inc. owns and operates NYS qualified motion picture and television production facilities in New York City. The company’s multi-phase expansion in the Bronx represents the first major film production studio project in the borough.
Several financial drivers were behind the decision to refinance the Guttmacher Institute’s existing bond debt, which was originally issued in 2007 for leasehold improvements to the 125 Maiden Lane office condominium.
Some members of the NYC manufacturing industry are surviving and even thriving under current market conditions. No downturn has slowed growth, not even one defined by the extremes of economic upheaval and uncertainty brought on by no less than a global pandemic.In truth, for specialty manufacturing companies serving high-margin clients, these are times of opportunity, including the time to set-up one’s company for growth.
For some nonprofits, severing formal ties with a parent organization is a way to establish a leaner, more resilient organization in response to uncertain economic times. Independence can also help ensure that a local community program survives intact.
Evaluating your sustainability goals and financial modeling can leads to recommendations for pursuing both local and national energy-related incentives and funding.
Taking a holistic, inclusive approach to funding your project means leveraging all available tax credits, grants, and government financing programs.
Multiple financing options are how your project moves forward. Our development toolkit helps structure and finance expansions, renovations, and new construction projects.
What’s the appropriate amount of debt to take on to fund your capital project? It’s important to consider all your financing options using multiple project planning tools.
How the Commercial Property Assessment Clean Energy (C-PACE) program and other resources for energy-efficient building systems and renewables can help through long-term, low-cost financing.
Nonprofits already providing mental health services can develop housing options for their patients thanks to new NYS initiatives.
Time-sensitive info for community-based NYC nonprofits. Is your project a match for the NYC Council's discretionary fund?
New NYCIDA economic development program M-CORE delivers sizable real estate tax exemptions for modernizing large 250,000+ SF office properties south of 59th Street.
City Council, Borough Presidents provide millions annually to fund capital projects undertaken by nonprofits, under the NYC annual budget. Explore your eligibility and develop a strategy for applying.
Property acquisition meant consolidating office and programming uses in a nearby Class-A facility while gaining an asset for the balance sheet.
Nonprofit Guttmacher Institute refinances existing bond debt and saves $3M over 15 years.
ThinkForward secures $16.5M financing for MNN expansion project and headquarters relocation to a premier commercial condo building in Hudson Yards.
$25M financing secured for large Brooklyn warehouse facility to accommodate recent positive developments in New York City retail market.
$235M, Class-A studios and film/TV production facility gives back to the up-and-coming Queens, NY, neighborhood.
The entertainment industry and, especially, the motion picture and video production sector, are driving economic growth in NYC.
From the start, remaining in Manhattan was important to our client. NYC is home to this internationally respected nonprofit. The organization has roots in the city that go back more than a century.
Part of the “new normal” in the COVID era is gathering resources for your nonprofit or small business—and this means trusted advisors and experts in real estate and in economic and community development. Talk to the right people for the challenges ahead.
Many nonprofits take advantage of the lower interest rates that come with tax-exempt bonds. When improvements must be made in stages, occasionally over multiple years, an already complex review process is further complicated with considerations about how assets should be used during the term of the bonds.
To lease or to purchase property? A difficult dilemma for the nonprofit organization facing acquisition financing challenges. Many nonprofits prefer not to expend so much of their operating budget on leasing costs.
Boyce Technologies represents the future in North America for electronic design, advanced manufacturing, and integration. Boyce designs, manufacturers, and sells security and communications equipment for the mass transit market.
Times of declining economic activity often hit hardest those individuals who lead and own nonprofits and small enterprises. In addition to dealing with reduced revenue and slowing contributions, they are faced with difficult choices that are sure to impact the people depending on their organization for employment and services.
Queens-based developer AB Capstone Group is full speed ahead building in the South Bronx. The 150,000-sf mixed-use facility at 425 Westchester Avenue is a successful joint venture between the commercial developer and Starwood Opportunity Zone Partners, a commercial real estate investor and affiliate of Starwood Capital Group.
Fulfilling your organization’s mission while simultaneously dealing with New York City’s real estate market is a tall order.
In New York City, prime locations and low availability are part of the real estate acquisition equation, giving strong credit-worthy buyers an advantage. Nonprofits are often overlooked as potential office condo buyers. They may also fail to secure the right financial and real estate advisors and, therefore, the necessary financing.
York Studios, Inc. owns and operates NYS qualified motion picture and television production facilities in New York City. The company’s multi-phase expansion in the Bronx represents the first major film production studio project in the borough.
In March 2020, Boyce Technologies partnered with NewLab and 10XBeta to provide NYC hospitals in critical need of “bridge” ventilators. As explained in a licpost article, the bridge machines are used to treat patients with less severe respiratory symptoms
