Bassuk, a real estate capital intermediary, has arranged $103m construction financing from the Bank of China, New York Branch on behalf of an affiliate of The Moinian Group (TMG) for 572 11th Avenue in New York City.
Kimco Realty Corp, a US-based real estate investment trust, has broken grounds on The Boulevard, a $186m redevelopment of the former Hylan Plaza shopping centre on Staten Island, New York.
Real estate developer Penn-Florida Companies has secured $398m in project financing for its five-star urban resort, Via Mizner, located in Downtown Boca Raton in Florida, US.
A team of Mott MacDonald and Grimshaw Architects has been selected by the Port Authority of New York & New Jersey to lead the preliminary engineering and development work for a $10bn extension of New York’s John F Kennedy Airport.
Developer Newby has secured the green light from the City of York Council to redevelop the former Nestle factory on Haxby Road in York.
Skanska has signed a $1.26bn contract with Empire State Development Corporation (ESD) and developers Related Companies and Vornado Realty Trust to transform the James A Farley Post Office in New York into a train hall and commercial complex.
UAE-based developer Bloom Properties has begun main construction works on its Soho Square development on Abu Dhabi’s Saadiyat Island.
China is planning to build a new city to be nearly three times the size of New York, it has been reported.