Rezoned Jamaica draws 285-unit project from emerging developer
A wholly Latina and women-owned development firm is plotting what appears to be one of its first major ground-up projects in Queens. Vaya Development, led by Melissa Bindra, filed plans for a 285-unit residential building at 164-02 Jamaica Avenue in Jamaica, the Commercial Observer reported. The pla
Americold board rejects activist investor’s attempt to oust chairman
Americold Realty Trust’s board of directors has rejected an activist investor’s request to oust the chairman of the board. Activist investor Sieve Capital publicly called for the removal of Mark Patterson over “problematic boardroom behavior” and short-sighted dealmaking. The investor cited Patters
Rithm Capital nears first major transaction since Paramount buy
Rithm Capital is lining up its first sizable deal connected to the office portfolio it acquired in its deal for Paramount Group. Rithm is nearing the landing of a $282.5 million refinancing loan at 1325 Sixth Avenue led by JPMorgan Chase, according to Bisnow, as disclosed in a KBRA report. The deal
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