Category : Construction & Design

Flushing theater to begin second act

REW Staff December 26, 2013 December 26, 2013

by REW StaffDecember 26, 2013December 26, 2013725

NGKF Capital Markets has completed the $30 million sale of the 85-year-old RKO Keith’s Theatre in downtown Flushing, New York. The landmark theatreat 135-35 Northern Boulevard, will be redeveloped into a mixed-use residential development that will anchor the continued rejuvenation of downtown Flushing.

Construction & Design Featured

Queens rules city construction sector

REW Staff December 26, 2013 December 26, 2013

by REW StaffDecember 26, 2013December 26, 2013915

Queens rules the construction industry, according to new analysis from the New York Building Congress. Around 70 percent of the 185,233 New York City residents employed by the construction industry hailed from the boroughs of Queens and Brooklyn in 2012, according to Congress analysis of the U.S. Census Bureau’s American Community Survey (ACS). As of 2012, the most recent year for which ACS data are available, 70,809 Queens residents (38.2 percent of the total) and 59,027 Brooklyn residents (31.9 percent) held jobs in the construction industry. The Bronx placed third on the list with 26,668 workers (14.4 percent of the total), followed by Staten Island with 14,860 workers (8.0 percent) and Manhattan with 13,869 (7.5 percent).

Construction & Design

New homes for local veterans

REW Staff December 24, 2013 December 24, 2013

by REW StaffDecember 24, 2013December 24, 2013

Six medaled Marine and Army veterans and their families have new homes, just in time for Christmas. The veterans, all Long Islanders some who’ve been … Continued

Construction & Design

JV to build apartments for Roosevelt tech campus

REW Staff December 18, 2013 December 18, 2013

by REW StaffDecember 18, 2013December 18, 2013812

Cornell NYC Tech announced the formation of a joint venture with The Hudson Companies and The Related Companies to construct the first residential building on its Roosevelt Island campus. The residential building will employ innovative new approaches to sustainability and bring the 24/7 activity vital to creating a vibrant community...

Construction & Design Debt & Equity Headline

City needs a trash course in finance as transport well runs dry

REW Staff December 18, 2013 December 18, 2013

by REW StaffDecember 18, 2013December 18, 2013711

New York may be playing in a top league with global cities like Hong Kong and London, but in terms of infrastructure funding, it is second division at best. Two months after the MTA released its 20-year development plan, its financing is still uncertain. To address this gap, and pay for other infrastructure projects, the New York Building Congress this week called for a range of fees on everything from car use to garbage disposal. Building Congress president Richard T. Anderson said, “Without new, dedicated revenue sources, government will not be able to maintain its current level of support for critical capital projects, much less make the additional investments necessary to harden New York City’s transportation network and infrastructure in the wake of Superstorm Sandy and climate change.”