Nonprofit Mercy Center Inks 6K-SF Deal at La Central in the Bronx
By Emily Davis March 31, 2026 1:03 pm A new 1.1 million-square-foot affordable housing development in the South Bronx has secured a ground-floor tenant. The nonprofit Mercy Center will take up a 6,252-square-foot storefront at 435 Westchester Avenue. The building is part of a new five-building housing complex called La Central in the Bronx’s Melrose neighborhood. Mercy Center is a Bronx-based nonprofit that […]
Zeta Charter Schools to Open First High School in 35K SF at 517 West 164th Street
School is in session in Manhattan’s Washington Heights neighborhood.
Q&A with Stephen Powers: How OPEN Impact Uses Real Estate to Help Nonprofits Build Smarter, Safer, Stronger Futures
Stephen is a co-founder of OPEN Impact Real Estate. He has 20 years of commercial real estate experience dedicated to serving nonprofits. Stephen and the OPEN team have completed over ten million square feet of transactions for nonprofit clients, all while ensuring that the real estate strategy is always driven by mission and operational/programmatic goals. Stephen was nominated for […]
Why Real Estate Could Be A Speed Bump On Mamdani’s Road To Universal Childcare
In a city where daycare costs an average of $26K a year, it’s little wonder that a candidate promising universal childcare stormed to an election victory last year.
Greenburgh North-Castle Union Free School District Signs 38,500 SF Lease for Kaplan Career Academy
OPEN Impact Real Estate Facilitates Long-Term Lease for Growing Special Acts School OPEN Impact Real Estate (OPEN) is pleased to announce that Kaplan Career Academy, part of the Greenburgh-North Castle Union Free School District, has signed a new 15-year lease for 38,500 square feet at 29 Marshall Rd. in Wappingers Falls, NY. The new long-term lease ensures a new home […]
The 2025 Above & Beyond: Women
Remarkable Women Leaders Improving New York. They’re public servants, policymakers and politicians. They’re innovators in health care, transportation and the financial sector. They’re serving New Yorkers in need by providing housing, workforce development, and support for children and families. They’re advocates, educators and entrepreneurs. What all of them have in common is that they’re honorees […]
Why NYC Nonprofits Might Have To Start Scrambling For Space
When Open Impact Real Estate arranged a 46K SF deal for a nonprofit on Manhattan’s Sixth Avenue a year ago, there was plenty of vacancy along the corridor, said Stephen Powers, the brokerage’s co-founder.
How Trump’s plans for federal workers and spending could derail Washington’s office recovery
President Trump’s move to cut workers and spending could hurt the office market in Washington, DC.
The capital had been recovering from the pandemic and a decade-long government space contraction.
That rebound is in question as federal agencies reduce workers and spending cuts hurt nonprofits.
Kwenda Collegiate Charter School Signs 44K-SF Lease at 2520 Church Avenue
An all-girls school is charting a new path in Flatbush, Brooklyn.
Why Nonprofits Are Taking More New York Office Space
It’s not just the availability — a New York state tax quirk aids organizations who arrange long-term leaseholds. In May of 2023, Rising Ground, a New York-based nonprofit organization that provides services such as mental health care and immigration support to those in need, signed a lease for roughly 30,000 square feet to occupy the […]