Category : Blog

NYC libraries in woeful state, report finds
Blog

NYC libraries in woeful state, report finds

REW Staff
A new report published by the Center for an Urban Future finds that while more New Yorkers than ever are using the city’s public libraries, a significant share of the branches suffer from major physical defects. The report reveals that the average branch library in the city is 61 years...
Skyway could ease commuter crunch
Blog

Skyway could ease commuter crunch

REW
A proposed East River Skyway could ease commuter congestion between Manhattan and the booming Brooklyn market. The first phase of the Skyway would connect the waterfront area in Williamsburg to Downtown Manhattan, South Williamsburg and the Brooklyn Navy Yard. “Given the exciting growth in Brooklyn and Queens, it is essential to adapt New York City’s transportation system to serve residents in these booming areas,” said Daniel Levy, president of East River Skyway and CityRealty. Levy unveiled his proposal yesterday (Tuesday) at the Massey Knakal Brooklyn Real Estate Summit.
Blog

EXR expanding

REW Staff
EXR Group, a Brooklyn-based real estate brokerage, announced that it is expanding into the commercial market by opening EXR Commercial. Former BondNY broker Richard Zangrillo has brought his team across the East River to help launch the new commercial division at EXR Group. “We are opening our commercial division at...
Friedland tapped to find tenants for 180,000 s/f Yorktown shopping center
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Friedland tapped to find tenants for 180,000 s/f Yorktown shopping center

REW Staff
Friedland Realty Advisors, formerly NAI Friedland announced that Josef Pomerantz and Karnit Mosberg have obtained exclusive brokerage rights to the Yorktown Green shopping center. The 177,250 s/f retail center was built in 1975 and is owned by Oster Properties. This is the first time that Oster has awarded exclusive rights...
San Francisco eclipses New York’s median rents for first time ever
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San Francisco eclipses New York’s median rents for first time ever

REW
San Francisco has eclipsed New York City in terms of having the highest median rent in the United States according to a recently released study by Zumper. This is the first time that the City by the Bay has surpassed the Big Apple in this category.Zumper Graphic Anthemos Georgiades, CEO of Zumper , said, “The very low vacancy rate in San Francisco, alongside the tech boom and the slow pace of new constructions coming to market, have all led to this spike.”
Blog

Boston Properties sells $1.5B package to Norway

REW Staff
Boston Properties announced that it has entered into a purchase and sale agreement to sell a 45 percent interest in each of 601 Lexington Avenue … Continued
Blog

Dear Mayor, we want to work with you, but …

REW Staff
The following is an open letter to Mayor Bill de Blasio from Aaron Sirulnick, chairman of the board of the Rent Stabilization Association, which represents … Continued