Category : Blog

Mancini•Duffy transforms 575 Lexington Avenue
Blog

Mancini•Duffy transforms 575 Lexington Avenue

REW Staff
Mancini•Duffy has completed the transformation of Normandy Real Estate Partners’ 35-story, 749,040 s/f office tower, 575 Lexington Avenue. The firm’s design created an inviting lobby, new storefront, grand entrance, state-of-the-art elevator cabs, and a high-definition media wall. This was Mancini•Duffy’s first collaboration with Normandy; presently, the firm is working on...
Skyline collects award for copper work
Blog

Skyline collects award for copper work

REW Staff
Skyline Restoration, Inc. has received a North American Copper Award from the Copper Development Association for its historic restoration of a copper clad and slate cupola and roof and newly created copper spire crowning a landmark site in Tribeca. Formerly known as The NYMEX, the headquarters of the NY Mercantile...
Blog

Supermarket hybrid will open second city store

REW Staff
Colliers International has arranged a long-term lease for hybrid supermarket chain and delivery service provider MaxDelivery, which will occupy 9,800 s/f at 318 West 39th Street in the Garment District. This will be the Manhattan retailer’s second location, complementing its first at 51 White Street in TriBeCa. MaxDelivery provides one-hour...
Accountants make Manhattan move to Resnick’s 485 Mad
Blog

Accountants make Manhattan move to Resnick’s 485 Mad

REW Staff
Cassidy Turley announced that it has secured a 10-year, 14,101 s/f lease at 485 Madison Avenue for Janover LLP, a certified public accounting firm with more than 70 years of experience assisting clients in navigating the business and taxation landscape. Janover currently employs more than 100 accounting and finance professionals...
Blog

Brokers Buzzing about tech deal

REW Staff
RealNex, a real estate technology solutions company formed by Pavonis Group, has acquired listing firm BuzzTarget. The deal comes as RealNex attempts to provide the most complete integration of technology solutions available for commercial real estate professionals. BuzzTarget is a 3-in-1 marketing system for commercial real estate professionals allowing free,...
Barclays retail neighbor hits market
Blog

Barclays retail neighbor hits market

REW Staff
TerraCRG has been retained as the exclusive agent for the lease of the retail space directly across the street from the Barclays Center, at 166 Flatbush Avenue. Ofer Cohen, Founder and President of TerraCRG, Vice President of Investment Sales and Leasing Dan Marks, and Associate Joey Terzi are exclusively representing...
Stuy Town value on the up
Blog

Stuy Town value on the up

REW
The value of Stuyvesant Town and Peter Cooper Village, the 11,000-unit East Side housing development, has gone up. Appraisers said the complex which sold for $5.4 billion at the height of the boom in 2007, is now worth $3.5 billion. While its $2 billion short of its last sale price, the appraisal is good news for lenders still owed from the bubble-bursting buy made by Tishman Speyer and a group of partners led by BlackRock Inc.
Amazon back in the game as tech titans take over main street
Blog

Amazon back in the game as tech titans take over main street

REW Staff
By Faith Hope Consolo, chairman, The Retail Group, Douglas Elliman Real Estate The tech giants are coming. Within less than two weeks, Microsoft announced that it would open a Fifth Avenue flagship store just blocks from Apple’s iconic location on the avenue, and Amazon said it would open a pop-up...
Suburban financing tops $43M
Blog

Suburban financing tops $43M

REW Staff
NorthMarq Capital has arranged nearly $43 million financing for two separate suburban deals. Keith Braddish, managing director of NorthMarq’s New York metro office, arranged a $24 million refinance of Newington Commons Shopping Center, a 189,864 s/f grocery-anchored shopping center at 196 Kitts Lane in Newington. The transaction was structured with...
Vanderbilt Avenue rezoning and developments good for New Yorkers
Blog

Vanderbilt Avenue rezoning and developments good for New Yorkers

REW Staff
By Steve Spinola On Monday, the City Planning Commission certified applications that will start the public review process for the rezoning of the Vanderbilt Avenue corridor. This rezoning will ensure that the area maintains its status as a global business center. The anticipated new office developments will not only create...