Smith expects to develop new Inspīr developments in Midtown and on the Upper West Side. He notes that his firm will likely move forward on either one or both of those new developments within the next 18 to 24 months.

The recently renovated 12-story property at the corner of East 11th Street and Third Avenue totals 53,000-square feet and consists of 54 one-, two- and three-bedroom residential units, all of which are fair market.

Prior to joining L&L, O'Connor served as an associate at AR Global, where he was responsible for acquisitions, dispositions, and strategic initiatives for a $4-billion mixed-use portfolio in New York City.

The RFP seeks proposals for HRA to anchor one or multiple new developments, involving up to 300,000 square feet of office space in the East New York section of Brooklyn.

MacQuesten's proposed project, which was recommended by the city's Department of Development, includes 282 residential units, approximately 9,500 square feet of retail, a four-story parking garage and an option for nearly 50,000 square feet of office space.

"This is an incredibly challenging time for the MTA and we will immediately and aggressively tackle the problems the system is facing after decades of disinvestment," Lhota said.

Westchester One, located at 44 South Broadway, totals 906,689 square feet and is set to undergo a major capital improvement and leasing program under the new ownership, according to C&W.

The Attorney General charged that almost immediately after buying the building, “Melamed embarked on a campaign to rid it of rent stabilized tenants by cutting essential services such as heat, performing illegal construction and failing to contain and clean toxic lead dust.”