CW Capital building more apartments at Stuy Town
By Sabina Mollot CWCapital is adding new apartments to the 11,000-unit Stuyvesant Town-Peter Cooper Village development. The units — which locals say will be a … Continued
Category : Blog
Rockefeller sells CA tower for $395M
50 Beale Street Rockefeller Group Investment Management Corp. (RGIM), on behalf of a joint venture of Rockefeller Group U.S. Premier Office Fund LP (POF) and … Continued
Labor shortages cloud summer employment rate
Construction industry employment reached a five-year high in August as the sector added 20,000 jobs and its unemployment rate fell to 7.7 percent, the lowest … Continued
Apartment brokerage to begin building commercial division
Modern Spaces, a residential firm with offices in Queens, Brooklyn and Manhattan, is launching a commercial and investment property division. Former Massey Knakal broker Evan … Continued
AGC backs new national insurance exchange
The Association of General Contractors of America is backing a new private insurance exchange. The AGC Alternative is a nation-wide exchange that is offering quotes to firms belonging to the Association. Developed in collaboration with Willis North America, the Exchange features insurance coverage from Aetna, MetLife and Group Vision Service...
Electrician barred from public works following wage scam
Attorney General Eric T. Schneiderman today announced the conviction and sentencing of Ronald Bartiromo, Raymond D’Auria and R3 Electrical Inc. for failing to pay legally required wages to their workers on two public works projects throughout New York City. Ronald Bartiromo and R3 Electrical pled guilty to the felony crimes...
Cushman & Wakefield inks own deal for 1 WTC space
The Durst Organization has signed Cushman & Wakefield, the privately held commercial real estate services firm handling leasing at One World Trade Center, to a ten-year, 10,222 s/f lease on the 45th floor of the tower. Cushman & Wakefield employs more than 16,000 professionals worldwide. Founded in 1917, the firm...
Burt Resnick represents art and soul of industry
By Steven Spinola At the 19th annual Real Estate Council Benefit on November 6, The Metropolitan Museum of Art will honor Burton P. Resnick, a founding member of the Met’s Real Estate Council. This evening will celebrate his noteworthy accomplishments in the real estate community as well as his long-standing...
Neiman Marcus flagship to anchor Hudson Yards shops
Luxury retailer Neiman Marcus will anchor Related’s Hudson Yards retail with a 250,000 s/f flagship store. Related Companies and development partner Oxford Properties Group announced last week that the multi-level store is scheduled to open in 2018 and marks the first for the brand in New York City. Stephen M....
Irish designer eyes NYC market
Susan Penzner Real Estate announced that Margaret O’Leary has signed a five-year lease with an option at 279 Mott Street, between Prince and East Houston. … Continued