Category : Blog

ON THE SCENE: Eastern Consolidated, HPNY, KDA and CPEX
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ON THE SCENE: Eastern Consolidated, HPNY, KDA and CPEX

REW Staff
Eastern Consolidated announced the sale of 36 Riverside Drive, a 7,380 s/f, 5 ½ story residential building, to a Long Island-based developer. The sale price was $8.6 million. Senior director Adelaide Polsinelli represented the seller, a family partnership, in the sale of the property, which features eight residential units. Polsinelli also procured the purchaser through …
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Skanska ditches US Chamber over ‘green’ row

REW Staff
Skanska USA announced that it has resigned as a member of the U.S. Chamber of Commerce to protest the organization’s backing of a chemical industry-led … Continued
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Goldstein branching out into investment sales

REW Staff
Chuck Lanyard, president of The Goldstein Group, a leading New Jersey commercial real estate brokerage, announced the launch of their newly formed investment sales division and appointment of Bruce Shmilowitz as director. The Goldstein Group’s Investment Sales division was formed in response to the rise in investment properties currently being sold throughout New Jersey, which …
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WHO’S NEWS in construction and design

REW Staff
Skanska USA announced the promotions of both John Sullivan and John Crecco to vice president of field operations for its Civil Northeast office. John Sullivan … Continued
REBNY: Excessive landmarking stifling growth
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REBNY: Excessive landmarking stifling growth

REW Staff
Nearly 30 percent of Manhattan properties are now protected by regulations governing landmarks – a milestone that will stifle job creation and important economic development initiatives, increase the cost of living in New York, and further homogenize much of the borough’s neighborhoods, according to the Real Estate Board of New York (REBNY). A total of 11,857 – or 27.7% – of Manhattan properties are designated landmarks, according to analysis just released by REBNY. In some neighborhoods, such as the Upper West Side and SoHo/Greenwich Village, the level of protected properties has reached 70 percent.
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Two Trees drives a bargain for Mercedes House residents

REW Staff
MERCEDES HOUSE Residents of the nearly 900-unit luxury rental building Mercedes House at 550 West 54th Street are set to welcome a new supermarket. The … Continued
Morgan Stanley renews at 101 Park
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Morgan Stanley renews at 101 Park

REW Staff
H.J. Kalikow & Co., LLC along with Cushman & Wakefield, announced two major lease agreements with Morgan Stanley and Convene at 101 Park Avenue, located between 40th and 41st Streets. “101 Park Avenue has always been and continues to be a property where our tenants are able to provide their employees and clients the best environment possible for conducting business,” said Peter Kalikow, developer and owner of 101 Park Avenue.
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Brewery pours scorn on Hughes’ excuses

REW Staff
The latest entry in the roster of unhappy tenants in the Howard Hughes Corporations’ South Street Seaport properties is Heartland Brewery, which filed a complaint in superior court on Monday. According to the complaint, the restaurant has two, concurrent leases scheduled to expire in 2017. One is for the restaurant space on the corner of Fulton and South Street, which was hit hard by Hurricane Sandy and is being rebuilt by the tenant. The second lease is for a food preparation and storage space which, according to the complaint, was largely undamaged by the storm. This second lease is the subject of the complaint, with the tenant alleging that the landlord is attempting to transfer the lease to an alternate space faster and at greater cost to the Brewery than was laid out in the lease
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Halycon days for Corcoran Sunshine

REW Staff
● hfz capital group Halcyon days on Second Ave. HALCYON Corcoran Sunshine Marketing Group announced that sales will launch in July for Halcyon, a 32-story … Continued
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Ramirez is new CEO at Halstead

REW Staff
DIANE RAMIREZ The co-chairmen of Halstead Property’s parent company, Terra Holdings — David A. Burris, Kent M. Swig, Arthur W. Zeckendorf and William Lie Zeckendorf … Continued