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[25 Mar 2015 | No Comment | ]
Local Law 11 supporters remember innocent victim

By Holly Dutton
Nearly thirty-six years ago, Lori Gold received news that would change her life.
A Coney Island native, both Gold and her younger sister Grace attended Barnard College in Morningside Heights. On graduation day, 1979, Grace was walking down Broadway with friends when masonry fell from a building at West 115th, striking her and killing her.
Gold, a recent grad, was living in Washington, D.C. at the time, working for Procter & Gamble, and was preparing for a work trip with her boss in the morning when she got a phone call late on …

Deals & Dealmakers, Featured »

[19 Mar 2015 | No Comment | ]
Medics flock to The Corinthian

By Holly Dutton
Murray Hill’s Medical Mile just got a whole lot of new neighbors.
The Wexler Healthcare Properties Team at The Corcoran Group, headed by Paul Wexler, leased around 20,000 s/f in 2014 to medical tenants at The Corinthian at 345 East 37th Street.
The mammoth 57-story condo building between First and Second Avenues, takes up more than a full block, and is at the tip of a 20-block span known as Medical Mile along the East side of Manhattan.
It houses 863 residential units and a separate medical building with a separate …

Deals & Dealmakers »

[19 Mar 2015 | No Comment | ]

By Holly Dutton
Another furniture retailer has planted its flag in the Flatiron District.
New York Functional Furniture (NYFU) has signed a lease at 10 West 18th Street, between 5th and 6th Avenues, in what has become a trendy area for furniture companies and showrooms.
NYFU signed a 12-year lease for 3,000 s/f, which encompasses the entire retail floor of the building on West 18th Street, which is owned and managed by The Moinian Group. The nine-story building is also home to several creative firms in the design, tech, and media industries.
“The …

Brokers Weekly, Featured »

[13 Mar 2015 | No Comment | ]
CORE’s Tim Crowley is an urban dreamer

By Holly Dutton
CORE’s director of new development Tim Crowley wants to bring the city to the suburbs.
Crowley, who joined CORE in January from architecture and development firm Flank, has a passion for new urbanism, which isn’t surprising considering the slew of successful projects he’s worked on in the biggest urban center in the U.S.
Formerly with Flank, he oversaw marketing and brokerage services for a number of projects in NYC, including sales at 224 Mulberry Street in Nolita, where condos fetched $3,400 p/s/f, and projects 265 State Street in Boerum Hill, …

Deals & Dealmakers »

[11 Mar 2015 | No Comment | ]

By Holly Dutton
A development firm that’s been getting busy in Brooklyn has added another project to its pipeline on the Williamsburg/Bed-Stuy borderline.
The Rabsky Group, led by Simon Dushinsky, has filed plans with the Department of Buildings to rezone two blocks in South Williamsburg/Bed-Stuy near Flushing Avenue with plans to build a pair of massive mixed-use buildings that would house 800 apartment units.
The vacant sites at 249 and 334 Wallabout Street are currently zoned for manufacturing, and the rezoning of the sites would lead the way to construct two buildings that …

Construction & Design, Featured, Retail »

[11 Mar 2015 | No Comment | ]
Mall developer dreaming big

By Holly Dutton
Looking not unlike its pioneering American Dream project in the New Jersey Meadowlands, mall developers Triple Five have unveiled plans for a second project in Miami.
“We’re in the very, very early stages of everything in Miami,” Debbie Patire, senior vice president of marketing at American Dream, told Real Estate Weekly. “It’s a brand-new project for us, we are just getting started on development.”
The development firm headed by the Ghermezian family that built the famous Mall of America in Minnesota, said the Miami American Dream will “exceed” their other …

Brokers Weekly, Featured »

[27 Feb 2015 | No Comment | ]
Diane Ramirez on  the role of a mentor

By Holly Dutton
Industry stalwart Diane Ramirez, CEO and co-founder of Halstead Property, has spent more than 30 years in the residential real estate business, rising in the ranks to eventually co-found one of New York City’s biggest brokerages.
A native of Jackson Heights, Queens, Ramirez attended Queens College and eventually moved with her husband and two young children to Florida, where her husband was opening an office for his company. It was there that she first discovered real estate.
“My children went into nursery school and I had a few hours on …

Brokers Weekly, Featured »

[13 Feb 2015 | No Comment | ]
DUMBO seeing a slew of new development

By Holly Dutton
In the last two decades, a Brooklyn waterfront neighborhood has gone from a desolate, industrial corner of the borough to one of the hippest and priciest neighborhoods in New York City.
And now, a flurry of new development is poised to bring a whole new set of buyers to the neighborhood.
New condo buildings 51 Jay Street, a 74-unit building, and One John Street, a 42-unit, 12-story building on the waterfront, and WaterBridge 47, seven-story, 25-unit building, are all under construction with sales having already begun.
The area of Dumbo (an …

Brokers Weekly »

[6 Feb 2015 | No Comment | ]

By Holly Dutton
The rich are pouring into the Hamptons, according to latest sales reports from major brokerages.
Douglas Elliman pegged the median price of all homes sold in the quarter at $975,000, a 27 percent increase from a year earlier and the highest since 2007.
The average sales price increased 31 percent to $2,062,072. The number of sales umped 48 percent to 734.
Jonathan Miller, president of Miller Samuel who compiles the report fro Elliman, said the numbers are reflective of “a second-home market that is skewing toward wealthier purchasers. There are more …

Brokers Weekly, Featured »

[6 Feb 2015 | No Comment | ]
Happy days as Cunningham returns to his roots

By Holly Dutton
Bill Cunningham, a veteran of the real estate industry, has big plans for Corcoran, having recently returned to the firm as general sales manager.
Cunningham, who began his career at Corcoran in 2001 as a sales associate, quickly rose through the ranks to become executive managing director of the 660 Madison Avenue office, a title he held for seven years.
After an eight-month stint at Trump, the ebullient manager was offered his current position at Corcoran in January and he accepted.
A native of Jonesboro, Arkansas, Cunningham graduated from the University …

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