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Maverick Chelsea: Hybrid rental-condo towers by HAP/DXA Studio goes vertical

Construction has moved above grade on HAP’s sizeable new Chelsea condo-rental offering at 215-229 West 28th Street. Now officially minted Maverick Chelsea (formerly known as HAP Eight) by the young investment firm, the nearly 300,000-square-foot project aims to...
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HAP’s Growth: An Interview with Andrea Lawrence, General Counsel and Deputy CEO, HAP Investments

Prior to joining HAP Investments, Andrea Lawrence was a partner at several prestigious New York law firms, where she focused her practice on commercial real estate litigation and transactions. Lawrence is a contributing author to two preeminent legal treatises on real...
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HAP Investments pitching East Harlem rental portfolio as $130M upside play

With the new rent regulations having taking effect, Eran Polack sees an opportunity to sell a mostly market-rate portfolio at a premium.His company, HAP Investments, is looking to sell four multifamily rental buildings in East Harlem for a combined price of just over...
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HAP Investments lands $55M loan for East Harlem building with rent-stabilized units

UPDATE Monday, June 24, 2019, 7:25 p.m.: Eran Polack’s HAP Investments closed on a $55 million refinancing of a rental building in East Harlem less than a week after sweeping rent regulation reform was passed by the state legislature.Asia Capital Real Estate, a...
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HAP Investments secures $94M construction loan for Tribeca condo project

HAP Investments’ first project in Tribeca is moving forward with more than $107 million in financing.The $94 million construction loan for the 41-unit condominium was provided by G4 Capital Partners, the same private lender that provided HAP with a $32 million loan...
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Washington Heights vs. Inwood: Which neighborhood is for you?

According to Duke Ellington’s 1942 signature tune, the A train was “the quickest way to Harlem,” but the jazz legend didn’t mention that the express train was also one of the best ways to get to two other equally historic Upper Manhattan neighborhoods: Washington...
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HAP lines up $53M construction loan for Washington Heights project

Eran Polack’s HAP Investments secured a $52.5 million construction loan for a mixed-use development site at 4452 Broadway in Washington Heights.Madison Realty Capital provided the financing package, which will replace existing debt and cover construction costs, the...
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Expert Interview: Eran Polack, CEO and Co-Founder of HAP Investments

For our latest Expert Interview, we had the opportunity to speak to Eran Polack, CEO and Co-Founder of HAP Investments. Eran is a well-recognized entrepreneur with a long, successful career in the real estate industry even before moving to the United States in 2011. A...
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Foundation Work Continues For “HAP Eight” At 215 West 28th Street, In Midtown

Caisson pilings and ongoing foundation work have been spotted for the site of 215 West 28th Street, on the northern edge of Chelsea. Dubbed, “HAP Eight,” the project is set to stand 20 floors and 210 feet when complete. Comprised of two adjoining buildings, the site...
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‘Devil In The Detail’: Brokers, Developers Trying To Figure Out Opportunity Zone Benefits, Pitfalls

  The brand-new opportunity zones are shaping up to be one of the biggest trends to impact commercial real estate next year. But the program is uncharted territory, and investors and developers are being told to tread carefully if they want to make use of the...
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The week in industry hires and promotions: April 27-May 1

The week in industry hires and promotions: April 27-May 1

Who got hired or promoted this week? Here’s our weekly rundown, in chronological order. Monday, April 27 Lawrence Yuan Former LinkedIn and Yahoo! engineer Lawrence Yuanwas named senior director of engineering for Auction.com. “User experience has always been a top...

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HAP to launch IPO on Tel Aviv Stock Exchange

HAP to launch IPO on Tel Aviv Stock Exchange

HAP Investment Developers plans to launch an initial public offering on the Tel Aviv Stock Exchange later this year, the latest in a line of New York City developers going to Israel for capital. HAP is looking to raise $30 million, or roughly 120 million shekels, in...

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Day in the Life of: Eran Polack

Day in the Life of: Eran Polack

Eran Polack (credit: Dominique Pettway) Eran Polack is CEO and co-founder of HAP Investment Developers, best known for its collaborations with architect/designer Karim Rashid in northern Manhattan. Polack, 41, launched HAP in the 1990s with investments in Kiev,...

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Leasing Is Healthy All Around Town

Leasing Is Healthy All Around Town

LEASING NEW YORK CITY—Jack Resnick & Sons has attracted another media tenant to 315 Hudson St. Intent Media, an online advertising company, has signed a four-year, 34,942-square-foot lease at the nine-story, 481,184 square-foot building. The firm is currently...

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