Category : Blog

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Seven-story tower to replace Hurricane Sandy-damaged West Village building

REW Staff
by REW Staff
A seven-story apartment tower will soon replace a Hurricane Sandy-damaged building. SoHo-based firm Galahad Advisers has filed plans to build a 14,945 s/f property with eleven apartment units at 401 West Street in the West Village.  If approved as proposed, the tower would stand 81 feet tall. The proposal calls for full floor units on …
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Norwegian firm Norges acquires $223M stake in 375 Hudson

REW Staff
by REW Staff
A joint venture of Trinity Church, Norges Bank and Hines has purchased 375 Hudson Street from Tishman Speyer in a deal that values to property … Continued
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IN PICTURES: Tesla test drive at 252 East 57th

REW Staff
by REW Staff
252 East 57th Street hosted an event with Tesla where guests were invited to test drive the new Model S and Model X, the fastest accelerating electric 4-door production sedan and SUV on the market. The test drive began in the building’s gated porte-cochere and was attended by executives from a number of professional industries. …
Survey finds listings syndication is about quality over quantity
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Survey finds listings syndication is about quality over quantity

REW Staff
by REW Staff
Syndication has recently emerged as a central issue in the tug-of-war between the Real Estate Board of New York and StreetEasy. REBNY, which is leading a revolt of the city’s real estate brokers, has established its own centralized syndicated feed of residential sales and rental listings called the Residential Listing Service. The RLS platform appears …
HFF arranges $80M construction loan for Minskoff’s West Village development
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HFF arranges $80M construction loan for Minskoff’s West Village development

REW Staff
by REW Staff
Holliday Fenoglio Fowler, L.P. (HFF) arranged $80 million in construction financing for the ground-up development of a boutique condominium property at 17 Jane Street in Manhattan’s historic West Village. HFF worked exclusively on behalf of Edward J. Minskoff Equities, Inc. to secure the first mortgage and mezzanine loans. Located in the heart of the West …
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Asian online hotel service expands at Empire State

REW Staff
by REW Staff
Empire State Realty Trust (NYSE: ESRT) has signed a lease to expand Priceline’s Agoda to a ­27,000 s/f full-floor office lease at the Empire State … Continued
LEASES: Durst Org and Port Authority sign energy firm at 1WTC, Winter Properties signs four new tenants at 3 E. 28th St
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LEASES: Durst Org and Port Authority sign energy firm at 1WTC, Winter Properties signs four new tenants at 3 E. 28th St

REW Staff
by REW Staff
NEW YORK CBRE’s Stuart Siegel, Matt Bergey and Kylie Van Buren represented owner Winter Properties in four new full-floor leases totaling 22,300 s/f at the newly-renovated 3 East 28th Street. Asking rents were between $65-$85 per square foot in the four transactions: • GenSight Biologies Inc. leased the entire 12th floor and newly-created rooftop. Charles …
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NKF seeking anchor for new-look property

REW Staff
by REW Staff
A repositioning is planned at 5 Garret Mountain Plaza in Woodland Park, N.J., a 101,880 s/f property that is part of a three-building, 30-acre campus … Continued
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Denholtz nabs opportunistic finance option for biz center

REW Staff
by REW Staff
Holliday Fenoglio Fowler worked on behalf of Denholtz Associates to arrange $11.35 million in interim financing for Pinellas Business Center, a 205,032 s/f light industrial … Continued