PRESS | HAP

HAP’s Growth: An Interview with Andrea Lawrence, General Counsel and Deputy CEO, HAP Investments

1st July 2019 | LEADERS Magazine

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...

HAP Investments pitching East Harlem rental portfolio as $130M upside play

28th June 2019 | The Real Deal

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...

HAP Investments lands $55M loan for East Harlem building with rent-stabilized units

24th June 2019 | The Real Deal

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...

HAP Investments secures $94M construction loan for Tribeca condo project

24th May 2019 | The Real Deal

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...

Washington Heights vs. Inwood: Which neighborhood is for you?

11th March 2019 | BrickUnderground

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...

HAP lines up $53M construction loan for Washington Heights project

5th February 2019 | The Real Deal

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...

Expert Interview: Eran Polack, CEO and Co-Founder of HAP Investments

30th January 2019 | Property Shark, Uncategorised

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...

Foundation Work Continues For “HAP Eight” At 215 West 28th Street, In Midtown

8th January 2019 | New York Yimby

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...

‘Devil In The Detail’: Brokers, Developers Trying To Figure Out Opportunity Zone Benefits, Pitfalls

14th December 2018 | Bisnow

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...

East Harlem Boosted by Rezoning, Tax Breaks

13th December 2018 | Bloomberg

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...

Karim Rashid’s colorful East Harlem rentals debut from $2,500/month

Feb 14, 2017 | Curbed New York

Three years after Karim Rashid’s wacky East Harlem rental broke ground, the development is nearly ready to welcome residents. Listings for eight of its 20 units appeared on StreetEasy yesterday, ranging from a $2,500/month studio to a $4,500/month one-bedroom. (The...

Here’s what the $10M-$20M NYC investment sales market looked like last week

Feb 13, 2017 | The Real Deal

In the world of mid-market New York City investment sales last week, HAP Investments completed their West 28th Street assemblage with the purchase of a six-story tenement and Sugar Hill Capital Partners sold off four Brooklyn walk-ups. 1.) Eran Polack’s HAP...

HAP Investments refinances mixed-use Broadway project

Jan 24, 2017 | Real Estate Weekly

Gamma Real Estate has closed on senior debt financing for HAP Investments LLC on an Upper Manhattan parcel where HAP will construct a residential and retail property. The $11.5 million loan is for a 24,117 s/f development site at 4452 Broadway in the Hudson Heights...

421-a: Affordable New York

Jan 24, 2017 | HAP Blog

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...

HAP Ten Topping Off Celebration

Nov 4, 2016 | Videos

A look at the ceremony and celebration of HAP Ten's superstructure topping off on Friday November 4th, 2016.

Owners Magazine 2016

Oct 19, 2016 | Featured Articles, The Commercial Observer

Eran Polack Chief Executive Officer and Co-Founder of HAP Investments What project currently under development will most transform New York City? (And why?) I don’t think there is one project that is transforming the city. Instead I see several projects continuing the...

A FRESH Approach to a Zoning Bonus

Oct 10, 2016 | HAP Blog

By Katie Poppe | Investor Relations associate In 2008, the City’s Economic Development Corporation and The Department of Health joined forces to assist the Department of City Planning in a study researching the need for supermarkets and the availability of fresh food...

HAP files plans for second building in Chelsea resi project

Sep 19, 2016 | The Real Deal

HAP Investments is moving ahead with plans for the second property in its two-building Chelsea residential project at 215-227 West 28th Street. Plans filed with the city’s Department of Buildings on Saturday show the 20-story apartment building, located at 225-227...

HAP scores $42M in funding for Chelsea rental-condo project

Sep 12, 2016 | The Real Deal

Plans for a mixed-use development in Chelsea are one step closer to reality, with HAP Investments securing $42 million in financing for its project at 215-227 West 28th Street. The $42 million in financing came from Daiwa House Texas, a subsidiary of Daiwa House...

Why Affordable Housing?

Aug 25, 2016 | HAP Blog

Many people from Europe, the Middle East and Asia invest in New York City real estate and perhaps think that all New Yorkers live in condos with views of Central Park, a doorman and a couple of guest bedrooms. In fact, that exists in only a slice of the city, the...

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