Tribute to a giant of our industry
Last week, REBNY’s President Emeritus, Steven Spinola delivered a beautiful eulogy for Leonard Litwin. In case you missed the stirring tribute, I wanted to reprint … Continued
Category : Blog
BBG acquires appraisal firm Abergel & Associates
BBG, a national commercial real estate valuation, advisory and assessment firm, has completed the acquisition of Abergel & Associates, an appraisal firm in Los Angeles, CA. BBG ranks among the largest U.S. real estate valuation and assessment firms, with more than 20 offices nationwide. Terms of the acquisition were not disclosed. The acquisition of Abergel …
Report: Rent-stabilized Stuy Town tenants see highest rent hikes in the city
By Maria Rocha-Buschel Rent-stabilized buildings in the Stuyvesant Town and Gramercy area had the greatest increases in rent in Manhattan from 2014 to 2015, a … Continued
Fosun celebrates deals at 28 Liberty office tower
Fosun Property Holdings welcomed New York City’s top industry members and commercial leasing brokers to 28 Liberty to celebrate recent milestones at the iconic, landmarked … Continued
Colliers opens new office in Woodbridge, NJ
Colliers International Group announced the opening of its newest New Jersey office at 10 Woodbridge Center Drive in Woodbridge. The new location can accommodate more … Continued
Turn-over rate for rent-stabilized tenants highest in new buildings, says IBO survey
The turn-over in New York’s rent stabilized apartments varying depending on the age of the property, according to a survey by the Independent Budget Office … Continued
Eastern Consolidated wins ruling over $92.25M sale of Radegast Beer Hall site
An appeals court has ruled in favor of Eastern Consolidated over the $92.25 million sale of 103 North 3rd Street in Williamsburg, Brooklyn. The assemblage … Continued
Vornado unit Urban Edge acquires NY, NJ retail portfolio for $325M
Urban Edge Properties, the strip mall unit of Vornado Realty Trust, has agreed to buy seven retail properties in New York, New Jersey and Missouri for $325 million. The portfolio, which is 83 percent leased, includes the Yonkers Gateway Center (Yonkers, NY), The Plaza at Woodbridge (Woodbridge, NJ), The Plaza at Cherry Hill (Cherry Hill, NJ), the Millburn Gateway Center (Millburn, NJ), One Lincoln Plaza (Westfield, NJ) and Manchester Plaza (Manchester, MO). The biggest property in the portfolio is Yonkers Gateway Center. The mall, which has …
Developer files plans to build 343-key hotel at Theater District parking garage site
A 343-key hotel may soon replace an ICON Parking garage near Times Square. According to a permit application filed with the Department of Buildings, Clarity 47 LLC plans to build a 27-story tower at 145 West 47th Street. The property, which sits between Sixth and Seventh Avenue, is located in the Theater District, less than …
DONE DEALS: Roundup of the weekâs residential sales
Rutenbergâs Jason Lee just closed on a full floor four bedroom apartment at 60 East 86th Street (pictured top) for a local family looking for … Continued