Category : Blog

Foreign investors pull back on NYC real estate
Blog

Foreign investors pull back on NYC real estate

REW Staff
2017 saw a steep decline in foreign investment into Manhattan real estate last year. Cross-border investments accounted for barely more than half of 2016’s total, falling from $14.2 billion to $7.67 billion.
Cyber café takes shot at Hamilton house lease
Blog

Cyber café takes shot at Hamilton house lease

REW Staff
With 2,600 s/f on the ground floor and 1,400 s/f in the basement, the Shanghai-based chain decided that would be enough room for a cyber café.
Affordable, biophilic senior housing coming to Bronx
Blog

Affordable, biophilic senior housing coming to Bronx

REW Staff
Foxy Management first nabbed the anchor parcel at the corner of Arthur Avenue and 179th Street for $2.1 million in an off-market sale then picked up the two neighboring properties at 612 E. 179th Street and 2010 Arthur Avenue as well as some of the adjacent air rights.
New REIT a breath of fresh air for retail
Blog

New REIT a breath of fresh air for retail

REW Staff
As headlines about the demise of retail and shopping centers continue to play out in the media, one real estate veteran is betting on them. Mike Carroll, the CEO of the New York-based REIT ShopOne, is buying up shopping centers around the country. But instead of traditional enclosed malls, his firm is seeking open-air shopping …
Cammebyʼs JV sells stake in $135M portfolio of LI industrial buildings
Blog

Cammebyʼs JV sells stake in $135M portfolio of LI industrial buildings

REW Staff
Cushman & Wakefield provided advisory services in the sale of a 50 percent interest in a 3.6 million square foot, 38-building industrial portfolio in Nassau and Suffolk Counties. A team of investment sales specialists based in East Rutherford, N.J., and Queens, N.Y., represented the ownership – a joint venture of FBE and Cammeby’s – in …
TRANSACTIONS: Eastern Union cuts $14M loan
Blog

TRANSACTIONS: Eastern Union cuts $14M loan

REW Staff
Eastern Union cuts $14.25 million loan for Minnesota health care portfolio, GCP issues $13.5 million mortgage for Manhattan multifamily building and more transactions from the past week.
Trump infrastructure plan draws lukewarm response
Blog

Trump infrastructure plan draws lukewarm response

REW Staff
While officials support the administration’s focus on infrastructure, the plan places a hefty burden on the state and private money.