Category : Blog

Blog

Ground lease on Lafayette worth $150M

REW Staff
by REW Staff916
Developer CBSK Ironstate has struck a $150 million deal with Olmstead Properties for a NoHo ground lease. The Hoboken, NJ-based developer plans to develp a commercial building at the site to be financed by Wells Fargo. “This block-long parcel, located in the heart of NoHo, is one of the last...
How will NYC rise to meet our affordable housing needs?
Blog

How will NYC rise to meet our affordable housing needs?

REW
by REW768
By John Banks, president, REBNY It’s been said that those who cannot remember the past are condemned to repeat it. There’s a new exhibit at the Museum of the City of New York (MCNY) that will help illuminate why affordable housing remains one of New York City’s most pressing needs....
Real estate ‘up cycle’ boosts REITs to second quarter rebound
Blog

Real estate ‘up cycle’ boosts REITs to second quarter rebound

REW
by REW844
Real Estate Investment Trusts’ operating performance rebounded sharply in the second quarter from the first quarter of 2015, according to the Total REIT Industry Tracker Series (NAREIT T-Tracker) released by the National Association of Real Estate Investment Trusts (NAREIT). The NAREIT T-Tracker is a quarterly, composite performance measure of the...
Blog

New Jersey developers looking to create affordable alternative to Brooklyn

REW
by REW886
This time of year, the southbound lane of the Garden State Parkway can become a bit crowded. With a few weeks left of warm weather, the Tri­-State area is full of residents who are eager to briefly stray from the city and migrate near the shore points. But the robust...
AG sets his sight on 421-a tax scofflaws
Blog

AG sets his sight on 421-a tax scofflaws

REW
by REW1217
The state is going after nearly 200 New York City landlords who violated state law by accepting lucrative tax breaks then failing to provide the required rental protections to tenants. Attorney General Eric Schneiderman, Gov. Andrew Cuomo and New York City housing officials have sent compliance notices to the 194...
Blog

Pinto’s path to prime time success

REW
by REW581
For Fenwick Keats agent Debra Pinto, entering the fast-paced world of residential real estate, an industry that has no shortage of drama, was an easy transition – she came from the entertainment industry. Pinto, who joined Fenwick Keats in April, has been in the industry for the better part of...
TRANSACTIONS: Loans $10M and below
Blog

TRANSACTIONS: Loans $10M and below

REW
by REW638
Meridian Capital announced the following transactions: • A new mortgage of $3,000,000 was placed by Meridian on a four-story, 24-unit multifamily property located on Bay 28th Street in Brooklyn, NY. The loan features a rate of 2.63% and a five-year term. This transaction was negotiated by Morris Diamant and Jacob...
Law firm relocates to Midtown, signs 29K s/f lease at 750 7th Avenue
Blog

Law firm relocates to Midtown, signs 29K s/f lease at 750 7th Avenue

REW Staff
by REW Staff
Holwell Shuster & Goldberg LLP, a boutique litigation law firm, has signed a 29,592-square-foot sub-sublease for the entire 26th and 27th floors at 750 7th Avenue, relocating from Lower Manhattan and expanding its legal practice in Midtown. Savills Studley’s Senior Managing Director L. Craig Lemle and Associate Director Nick Zarnin represented Holwell Shuster & Goldberg …
Blog

Developer charged in broker death

REW Staff
by REW Staff
A New York City developer is facing criminal charges after allegedy crashing his car and killing the veteran broker riding with him. According to police, … Continued