Category : Blog

Ian Schrager has unveiled the design of 215 Chrystie, a new hotel and residential building scheduled to open in downtown Manhattan in 2016. Designed by Pritzker Prize-winning architects Herzog & de Meuron, the 28-story building will house a 370-room hotel topped by 11 custom, one-of-a-kind residences with interiors by British designer John Pawson.

Mark E. Rose, chair and CEO of Avison Young, announced that the firm has acquired New Jersey-based asset management firm Kwartler Associates. The acquisition continues to strengthen the firm's presence in the tri-state area and pushes its management portfolio in Canada and the U.S. to approximately 70 million square feet.

[imagebrowser id=354] Zeckendorf Development hosted an  event for the Asian American Real Estate Association at 50 United Nations Plaza. The 88 luxury condominium residences are located at East 46th and 1st Avenue adjacent to Dag Hammarskjold Plaza and one block north of the United Nations Secretariat building. 50 UN Plaza...

Anxiety about consumer spending is misplaced. Revised retail sales data indicate that consumer spending in the U.S. is rising steadily, according to the newest economic update from Cushman & Wakefield. The report found that consumers are feeling better about current conditions in the economy and their finances. Historically, when the...

By Faith Hope Consolo Chairman, The Retail Group, Douglas Elliman Real Estate After one of the most beautiful summers I can recall, everyone is now facing the most important time of year (at least in my beloved retail sector): the fourth quarter. As I write this in early September, we...

JLL has completed a new, direct transaction for Edward J. Minskoff Equities Inc. at 101 Avenue of the Americas. DigitalOcean Inc. signed a 10-year lease for 23,458 s/f at the Class A, 428,624 s/f office tower. The building owner was represented by Paul N. Glickman and Mitchell Konsker, vice chairmen,...

National Cooperative Bank originated $60.5 million in new loans during August for 22 New York area properties. Edward Howe III, managing director of the NCB New York office, made the announcement. “In contrast to the activity during June and July, where the loan concentration was borough-specific, the financings in August...

Investment sales brokers Glenn Raff and Lev Mavashev have launched Alpha Realty, an investment sales brokerage firm that will specialize in multifamily and mixed use properties through-out the five boroughs of New York City, with a primary focus in Manhattan and Brooklyn. Over the years, Raff and Mavashev closed several...

BrightRoll, Inc., a video advertising technology platform, has leased the entire 55th floor, consisting of 26,286 s/f, at the Empire State Building, for its new East Coast headquarters. Empire State Realty Trust, Inc. leasing director Tom Durels said, “The Empire State Building continues to attract industry leaders drawn to its...