Category : Blog

Blog

Manager puts green buildings at top of agenda

REW Staff
FirstService Residential property management company recently hosted a Sustainability Symposium for clients. The annual event was held in conjunction with FS Energy, the company’s subsidiary that advises clients on ways to reduce energy consumption, costs and emissions. “Our symposium is designed to illustrate how efficiency measures can deliver significant energy and maintenance savings to a …
Jewelry retailer Cellini taking Mercedes-Benz’s Park Avenue space
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Jewelry retailer Cellini taking Mercedes-Benz’s Park Avenue space

REW Staff
RKF has arranged a 2,914 S/F lease with Cellini, an independent luxury watch and fine jewelry retailer, at Midwood Investment and Development’s 430 Park Avenue in Midtown. RKF Senior Director Ike Bibi represented Cellini, while RKF Executive Vice President Beth Rosen and Associate Benjamin Zack represented the landlord, Midwood Investment and Development. The 2,914 S/F …
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DDG starts construction on luxury Palm Beach development

REW Staff
DDG announced that construction is officially underway at 3550 South Ocean, a new addition to the Palm Beach shoreline. During an exclusive ceremony attended by … Continued
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Selling Points: HPNY buys Mott St. building for $22M, Midwood package priced at $13M

REW Staff
HPNY Apartment giant buys Mott Street building HPNY announced it has closed on a $22 million off-market sale of 307-309 Mott Street in Soho. The five-story walk-up building comprising 38 apartments was purchased by Solil Management, according to City records. Solil is the company which manages the Estate of Sol Goldman and is one of …
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MCR sells $407.4M Marriott, Hilton hotel portfolio

REW Staff
American Hotel Income Properties REIT LP has completed the acquisition of a portfolio of 18 Marriott and Hilton hotels containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania for $407.4 million. The average age of the hotels is 10 years and each hotel has been recently built or renovated. “During …
High-end New York homes market showing signs of life as average price tops $9.2M
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High-end New York homes market showing signs of life as average price tops $9.2M

REW Staff
Manhattan’s luxury residential market, which has been in deep freeze due to oversupply and a shortage of foreign buyers, is showing signs of thawing. According to Douglas Elliman’s latest Manhattan sales report, the luxury market’s improved performance contributed to the brisk pace of home sales in the borough during the second quarter of this year. During 2Q, …
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Riverdale co-op creates its own Highline on the roof

REW Staff
Residents at The Whitehall, a high-rise co-op in Riverdale that opened in 1970 and has been home to Ed Sullivan and Willie Mays, are watching … Continued
Report: Hudson Yards, Manhattan West boosting Midtown Class A office rents
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Report: Hudson Yards, Manhattan West boosting Midtown Class A office rents

REW Staff
The West Side accounted for most of the large office deals in Midtown Manhattan during the second quarter. According to JLL’s latest office report, 15 of the 20 largest transactions in Midtown were for office spaces west of Fifth Avenue. The largest transaction was HSBC’s 548,000 s/f renewal at 452 Fifth Avenue. This was followed …
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McKool Smith law firm takes 64,000 s/f at One Manhattan West

REW Staff
Brookfield Property Partners  announced that McKool Smith, one of America’s leading trial firms, has signed a lease at One Manhattan West, Brookfield’s 67-story, 2.1-million-square-foot office … Continued