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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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East Harlem Boosted by Rezoning, Tax Breaks

Opportunity zone incentives seen fueling low-return projects Weak Northern Manhattan sales gain against borough’s total   At the corner of Lexington Avenue and 125th Street in East Harlem, in front of a closed Pathmark grocery -– “Pat ark” is all that remains of...
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East Harlem boosted by rezoning, tax breaks

  At the corner of Lexington Avenue and 125th Street in East Harlem, in front of a closed Pathmark grocery —“Pat ark” is all that remains of the name — real estate broker John McGuinness paints a vision of the near future. The Pathmark transforms to a Trader...
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NYC Real Estate Investment Outlook and Opportunities For 2019 from HAP Investments CEO Eran Polack

As 2018 comes to an end, many real estate developers and investors are looking toward the new year and considering what challenges and opportunities are in store for the industry, and the best way to navigate the New York City metropolitan market. Will land pricing...
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Thru the Lens: Lawrence of HAP Investments addresses B’nai B’rith Real Estate monthly luncheon meeting

Manhattan, NY Andrea Lawrence, deputy CEO and general counsel, HAP Investments, addressed the B’nai B’rith Real Estate monthly luncheon meeting, October 10th, at the Cornell Club. Her topic was “Inside HAP Investments.” VIEW ORIGINAL...
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Something New, for $1 Million

Brand-new condos tend to have sky-high prices, but with a little sleuthing, you can find something for closer to Manhattan’s median apartment price. For some, only new will do. With fashionable finishes, trendy technology and a cruise ship’s worth of amenities — as...
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People On The Move: Andrea Lawrence, Promotion

HAP Investments Deputy CEO & General Counsel Classification: Corporate Mgmt – Chrmn, CEO, CFO, Owner, Pres, VP, Other Exec Andrea Lawrence has been promoted to Deputy CEO and General Counsel of HAP Investments. She will help plan, develop and manage HAP...
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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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New CFO for HAP Investments

Yehuda Kestenbaum has joined HAP Investments as Chief Financial Officer “Yehuda’s comprehensive knowledge and dedication will ensure that deadlines are met and budgets managed effectively to ensure strategic results,” said Eran Polack, CEO of HAP. Kestenbaum joins HAP...

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421-a: Affordable New York

421a is making a comeback – with a new name. Dubbed “Affordable New York,” Governor Andrew Cuomo has sent the revamped plan to the state legislature for final approval. The real estate community and labor unions have eagerly agreed. The new deal would create 2,500 new...

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