Category : Blog

Brookfield Property Partners announced that it has signed a 10 year lease for 117,000 s/f to Jane Street at 250 Vesey Street, one of the five office towers of the Brookfield Place complex in downtown Manhattan. Jane Street is a quantitative trading firm with a focus on technology. The firm was represented by Cushman & Wakefield’s Rob Lowe and Augustus Field. Brookfield was represented in-house by Jerry Larkin, Dave Cheikin and Alex Liscio.

Much like the soccer matches currently taking place in its cities, Brazil’s real estate market is a game of patience and pay-offs. While the World Cup may be providing a hearty boost to the nation’s overall economy, some international real estate experts are not convinced that the approximately $15 million in revenue that the event generates will do much to speed up the rise of Brazil’s housing market. “One of the things that we find really compelling about Brazil right now is a unique opportunity where you see near term distresses coupled with long term growth,” said Josh Pristaw, managing director of GoldenTree InSite Partners (GTSI).

Gene Kaufman Architect, P.C. (GKA) has been chosen by owners/developers Ted and Marianne Hovivian to design a new building on Grattan Street and Harrison Place in Bushwick devoted to artists’ lofts, galleries and retaily. The project, which will be known as The AnX, is being developed as an extension or...

●AARE/ HORIZON GROUP ‘ProCro’ welcomes new arrival Adam America Real Estate (AARE), in partnership with the Horizon Group, has launched leasing at 500 Sterling Place, a new rental development in the area dubbed “ProCro” on the border of Prospect Heights and Crown Heights. The seven-story residential property includes studios, one-bedrooms...

Citi Habitats has opened their new Greenwich Village office, at 665 Broadway. Spanning 6,100 s/f, the location is the new home base for 100 agents under the direction of senior managing director, Joe Azar and manager, Luciane Pegas. Said Azar, “I am excited to welcome my agents to the real...

CNY Group, LLC (CNY) has completed the construction of the tallest standalone hotel in the western hemisphere. 1717 Broadway / Residence Inn and Courtyard by … Continued

Mr Average will now have to spend $1 million condo for an average Brooklyn condo. That’s one of the findings in the second quarter market report issued by Brooklyn brokerage, Ideal Properties, last week. While the landmark $1 million price makes for the quarter’s big headlines, the report points out...