Apartment Builders Gearing Up To Benefit From Construction Slowdown

Residential construction in New York City has slowed significantly since 2016’s cracking pace, and multifamily developers say it is a welcome development that will help soak up supply. “I expect construction prices to fall off a cliff in 2019 and 2020. It’s a good...
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Q&A with HAP Investments’ Eran Polack: Finding a Successful Niche in NYC

As the experts onstage for “Boroughs on Fire” at Connect New York on April 17 will attest, a great deal of the development action these days can be found outside the Manhattan core. Yet HAP Investments’ Eran Polack, who will be among those experts, has long sought...
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MIPIM: US Experts Tell World America Is Loaded With Opportunities, So Act Fast

Those that attended Commercial Observer’s panel on United States real estate investing today—the second day of the annual MIPIM (or Marché International des Professionnels d’Immobilier) property conference in Cannes, France—were told there are ample deals to be made...
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HAP seeks ‘smart opportunities’ in New York’s emerging markets

HAP will continue to target emerging US markets, according to the investor’s co-founder and NY CEO Eran Polack, HAP is sponsor of the major conference on the US this morning. Talking exclusively to MIPIM News about his company’s investment targets, Polack...
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Jersey City council vacates street to developer, ending legal fight

The City Council Wednesday night finally adopted an ordinance that will pave the way for a high-rise near Journal Square, more than two years after a judge first ordered the city to take the action. The ordinance vacates a portion of West Street, a dead-end road off...
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HAP Investments LLC Acquires 65 Franklin Street for $46 Million

HAP Investments announces the acquisition of 65 Franklin Street (also known as 360 Broadway), a 5-story vacant residential property in Tribeca. The $46 million transaction closed today. In addition, HAP Investments has secured inclusionary air rights to build a...
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Super Fi Emporium Opening Second East Harlem Supermarket

Super Fi Emporium is opening its second full-service supermarket in East Harlem, Commercial Observer has learned, after spending $10 million on a commercial unit yesterday. The new market will span the entire 12,750 square feet of ground-floor retail space at HAP...
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2211 Third Avenue Ribbon cutting

Ribbon cutting Ceremony for 2211 Third Avenue, AKA HAP Ten, in East Harlem New...
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East Harlem Gets a Colorful New Addition from Karim Rashid

Forget millennial pink: Designer Karim Rashid looked to good old-fashioned magenta in his latest project, the HAP 5 tower in New York’s East Harlem. The project is an 8-story, 20-unit residential building whose modular, geometric facade features pops of...
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HAP Investments Adds Yehuda Kestenbaum As CFO

HAP Investments, a New York-based international real estate investment and development company, announced that Yehuda Kestenbaum has joined the company as Chief Financial Officer. The announcement was made by Eran Polack, CEO of HAP Investments. Kestenbaum joins HAP...
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Stacy Torres Joins HAP Investments

Stacy Torres Date added:March 2, 2016 Submission Type:New Hire Current employer:HAP Investments Current title/position:Marketing Associate and Graphic Designer Industry:Residential Real Estate Duties/responsibilities:In this new role, Ms. Torres will be instrumental... read more

Abraham Kohn Joins HAP Investments

Abraham Kohn Date added:February 1, 2016 Submission Type:New Hire Current employer:HAP Investments Current title/position:Project Coordinator Industry:Residential Real Estate Duties/responsibilities:Assisting senior project managers in overseeing the construction and... read more

Movers and Shakers

Metropolitan Realty Associates announced it has hired Todd Bassenas a managing principal. Bassen, formerly a top executive at Invesco Real Estate and Vornado Realty Trust, was previously co-head of real estate at WeWork. Bassen will help drive the company’s growth in... read more

Du Yoo Joins HAP Investments

Du Yoo Date added:December 18, 2015 Submission Type:New Hire Current employer:HAP Investments LLC Current title/position:Analyst Industry:Residential Real Estate Duties/responsibilities:underwriting, financial analysis, zoning analysis, due diligence, producing... read more

Will Wang Joins HAP Investments

Will Wang Date added:December 14, 2015 Submission Type:New Hire Current employer:HAP Investments LLC Current title/position:Analyst Industry:Residential Real Estate Duties/responsibilities:responsibilities include underwriting new development and income-producing... read more