Category : Blog

Blog

The charm offensive

REW Staff
By Liana Grey Four years ago, Ruthann Richert bought a one-story bus garage in East Harlem, on 119th Street between First and Second Avenue. With … Continued
Blog

No hedging bets at 123 Third

REW Staff
By Liana Grey Several years ago, F&T Group, a Queens-based development firm, began scouting sites for a new luxury tower. The company — best known … Continued
Blog

Investment property market moving towards stability

REW Staff
By James Kinsey We are still in the early stages of economic recovery with plenty of bumpy road ahead. For those of us in the … Continued
Blog

Sotheby’s executive makes move to Trump

REW Staff
By Linda O’Flanagan The Trump Organization announced today that Kathy Kaye has joined the company as executive vice president of sales. Kaye will oversee all … Continued
Blog

Prudential Douglas Elliman nabs slice of Trump SoHo

REW Staff
By Liana Grey Prodigy Network and Prudential Douglas Elliman have entered into a co-exclusive collaboration regarding sales at Trump SoHo Hotel Condominium. Douglas Elliman Developments, … Continued
Blog

Not quite a boom, but rents heat up

REW Staff
Citi Habitats data showed rent increases for all apartment types. By Roland Li Manhattan rents are shot up as vacancy rates remained low, according to … Continued
Renta Corporación sells 12 Warren Street for $26.6 million
Blog

Renta Corporación sells 12 Warren Street for $26.6 million

REW Staff
By Roland LiBarcelona-based Renta Corporación has sold 12 Warren Street to Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) for $26.16 million, according to city records. A spokeswoman for Renta said the sale was part of an agreement for the company to refinance its long-term syndicated debt, which involves the sale of its assets. Officials at BBVA didn’t respond to comment by press time.
Blog

Auctioneers making inroads in New York City

REW Staff
By Roland LiIn May, an auction was held at One Hanson Place, a condo conversion that was formerly the Williamsburg Savings Bank. After years on the market, most of the 179 units had been sold by the Corcoran Group and Stribling & Associates. The building’s sponsor, Canyon-Johnson, a California fund, was ready to move on. It was far from a distressed sale – the remaining six units were prime apartments, near the building’s clock tower crown. During the marketing phase, Canyon-Johnson committed to selling two units, regardless of price. As the response increased, they raised it to three, and finally four during the auction.