Categories

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

‘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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
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

New Office Tenant Lands In MPD

NEW YORK CITY—Delos has signed a lease for approximately 22,000 square feet at 860 Washington Street. The newly constructed, 114,000-square-foot Class A office and retail building was co-developed by Property Group Partners and Romanoff Equities. The tenant Delos was...

read more

Owners Magazine 2015

Eran Polack CEO & Co-Founder, HAP Investments What are your thoughts about the “b” word? If the market decreased 10 to 15 percent, I would expect international and domestic buyers to step in and absorb the difference, as demand for Manhattan real estate remains...

read more

Movers and Shakers

Jeffrey Donnelly and Ulrike Ahrens, formerly of DTZ, joined Colliers International’s Capital Markets division, as executive director and director, respectively. The two oversaw DTZ’s real estate investment banking group, but departed after the firm’s buyout of Cushman...

read more