Category : Blog

Procida provides sure thing for Mabie Group
Blog

Procida provides sure thing for Mabie Group

REW Staff
Procida Funding announce that its 100 Mile Fund recently closed on a $6,500,000 construction loan on the new 39,000 s/f Hooper Crossing, a mixed-use retail center at 1922 Hopper Avenue from the Mabie Group.
Corcoran broker hits Oscars red carpet with nominee son
Blog

Corcoran broker hits Oscars red carpet with nominee son

REW Staff
From real estate royalty to the Hollywood red carpet. Veteran Corcoran broker Nicole Flender got plenty of screen time as she accompanied her son—best actor nominee Timothee Chalamet—to the 90th Annual Academy Awards ceremony last night in Los Angeles. Chalamet was nominated in the best actor category for his role in the film “Call Me …
JPMorgan leases 16 floors at 360 Madison
Blog

JPMorgan leases 16 floors at 360 Madison

REW Staff
JPMorgan Chase will occupy more than half the space inside the newly-remassed 390 Madison Avenue while it pursues a new global headquarters. 
Lexus nabs Meatpacking space for experiential hub
Blog

Lexus nabs Meatpacking space for experiential hub

REW Staff
The Lexus hub will be similar to Cadillac House, a show room and event space on Hudson Street in SoHo. Other premium car brands have adopted the approach elsewhere in the country, including Lincoln, which has experience centers in California and Texas.
ON THE SCENE: Alpha Realty sells trio of Crown Heights buildings; Bronx building sells for $8.5M in Highbridge
Blog

ON THE SCENE: Alpha Realty sells trio of Crown Heights buildings; Bronx building sells for $8.5M in Highbridge

REW
Alpha Realty announced the sale of 1193, 1199, and 1205 Eastern Parkway for $11,300,000. The three contiguous buildings are located in Crown Heights section of Brooklyn. The properties, all four-story walk-ups, consist of 50-units in total and approximately 55,000 s/f. The sale achieved a 15x rent multiple and equated to...
WHO’S NEWS: Commercial appointments and promotions
Blog

WHO’S NEWS: Commercial appointments and promotions

REW Staff
The Hotel Association of New York City announced the election this week of Fred Grapstein, Executive Vice President of Vornado Realty Trust’s Hospitality Group, as its new chairman. Grapstein, a board member of the Hotel Association for more than five years and a longtime member of the Hospitality Council of New York, brings a wealth …
TIC for tat: Court moves cotenancy goal posts
Blog

TIC for tat: Court moves cotenancy goal posts

REW Staff
Given the unique and special nature of real property, dividing it often proves to be unfeasible in a contenancy arrangement, resulting in courts compelling a sale, whether it be the shares appurtenant to a cooperative apartment, a residential brownstone, a large mixed-use building, or even vacant parcels.