GFP Launches Affiliated Company Focused on Development and Construction

GFP Launches Affiliated Company Focused on Development and Construction
News| April 28, 2026| Paul Bubny
New York & Tri-State + Apartment Buildings

GFP Real Estate, LLC has launched GFP Development, a new affiliated company formalizing the firm’s rapidly growing development and construction platform as GFP continues to pursue large-scale development, repositioning and conversion opportunities throughout New York City and the surrounding region. The new entity will be led by Brian Steinwurtzel, who will transition from his role as co-CEO of GFP Real Estate to serve as CEO of GFP Development.

“Launching GFP Development allows us to better define and focus our development platform as we continue pursuing increasingly sophisticated construction, redevelopment and adaptive reuse opportunities across the region,” said Steinwurtzel. “We have built tremendous momentum in this business over the past several years, and formalizing the platform gives our team a dedicated identity and sharper strategic focus as we continue to scale.”

As part of the transition, Jeffrey Gural, co-CEO of GFP Real Estate, will assume the title of chairman and CEO of GFP Real Estate, continuing to lead its day-to-day operations and oversee its legacy portfolio while guiding the next phase of growth.

Other News

Berkadia Negotiates Student Housing Property Sale in Kansas

Chicago & Midwest + Student Housing

Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...

Learn more

Roxborough Makes Second NorCal Apartment Buy Through Latest Fund

California & West + Apartment Buildings

The Roxborough Group, LLC has acquired Bidwell Park, a 246-unit apartment community in Fremont, for $109.4 million. The 95% occupied property at 39800 Fremont Blvd. represents Roxborough’s second multifamily acquisition in Northern California within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments. “The acquisition of Bidwell Park aligns with...

Learn more

National Inflation Averages Hide Local CRE Opportunities, Marcus & Millichap Says

Apartment Buildings

Higher-than-expected September inflation has been driving the CRE narrative of increased cost of capital, along with rising operating and construction expenses. The consumer price index rose 3.7% year-over-year in September, according to the U.S. Bureau of Labor Statistics, while the producer price index for final demand climbed 6.3% A recent Marcus & Millichap video said...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up