Japanese buyers pay $247M for 370 Lex
Sherwood Equities and J.P. Morgan Asset Management announced the sale of 370 Lexington Avenue in Midtown to Tokyo-based Unizo Holdings for $247 million. “The property … Continued
Category : Blog
New York City becoming the big squeezy
REW Staff
by REW Staff
In a city where the apartment vacancy rate is one percent, average rent hovers near $4,000 a month, and wait time for public housing is … Continued
Hartz boss Stern forms investment firm to target tri-state developments
REW Staff
by REW Staff
Emanuel Stern, vice chairman of Hartz Mountain Industries, and Bradley Settleman, founder of Latus Partners, have formed Tall Pines Capital, a New York City-based, privately … Continued
Redeveloped Schlitz Brewery expected to be toast of the town
REW Staff
by REW Staff
Savanna, the New York-based real estate private equity and asset management firm, and its joint venture partner Hornig Capital Partners, have launched marketing for 95 … Continued
Students settle into downtown dorm designed as a home away from home
REW Staff
by REW Staff
Rendering of 33 Beekman Of the thousands of students who have flooded into Lower Manhattan in recent weeks, 700 can count themselves extremely lucky. They … Continued
Building on its previous success, Archtober promises more this year
REW Staff
by REW Staff
For the fifth year running, New York City will host a sprawling architecture and design festival for the entire month of October. Organizers at the … Continued
DONE DEALS: Record $30M home sale
REW Staff
by REW Staff
City Connections Realty agent Paul Bernstein just closed the biggest sale in the firm’s history. Brown Harris Stevensagent David Kornmeier, listed the townhouse at 16 … Continued
Record price for Harlem multifamily portfolio
REW Staff
by REW Staff
A private investor closed on the off market purchase of a 24 building package in Harlem/Washington Heights for $148.5 million from Brooklyn based Galil Associates. … Continued
BSD sells Gramercy apartment buildings for $123M
REW Staff
by REW Staff
Broad Street Development (BSD) along with national real estate investment firm, Crow Holdings, have sold a 207-unit, two-building residential portfolio in Gramercy Park for $123 … Continued
Trulson plotting his next big move as market ebbs and flows
REW Staff
by REW Staff
Derek Trulson, newly-promoted vice chairman at JLL, plays a major role in filling some of the city’s most desirable commercial space. But before he was … Continued