Category : Editorial Supplements

Editorial Supplements

Photo Gallery: Top 10 Manhattan Apartment Buildings for Viewing the New York City Marathon

REW Staff
NEW YORK (October 21, 2011) – In anticipation of the New York City Marathon, scheduled this year for Sunday, November 6, CityRealty Editor Carter B. Horsley announced his list of the top 10 apartment buildings for viewing the world famous event. “More inspirational than most parades and street fairs, the New York City Marathon has become an international event in which viewers cheer on thousands of runners representing nations throughout the world,” points out Mr. Horsley. “But for those lucky enough to be in any of these 10 buildings, they are also treated each year to birds-eye views of the best of human strength, athleticism and competition.”
Editorial Supplements

Careful maintenance can reduce energy costs, extend boiler life

REW Staff
By Edward W. Moore Jr., operations and maintenance manager FS Energy As the summer officially comes to an end and the prospect of another cold and stormy winter approaches, the time is now for maintenance staff at New York City condominiums and cooperative apartments to take a hard look at...
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Immigrant investors helping foot bill for NYC projects

REW Staff
By Daniel Geiger A type of transaction that permits foreigners to invest in the United States in exchange for residency rights has caught on as a popular financing mechanism for real estate and development deals in the city. The EB-5 Immigrant Investor Program, as the vehicle is called, has been used on a number of recent real estate projects in the city, including the just signed $180 million deal to redevelop the George Washington Bridge Bus Terminal.
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Condominium conversion reserve fund obligations

Adam Leitman Bailey
By Adam Leitman Bailey and Leni Morrison CumminsWhile sponsors of new construction condominiums have extensive obligations regarding the physical construction of their projects, Sponsors of condominium conversions really only have one material obligation (other than actually converting the form of ownership) — to provide sufficient funds to create reserves for capital repairs, improvements, and replacements required for the residents’ health and safety.
Early access agreements for leases bring risks and rewards
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Early access agreements for leases bring risks and rewards

REW Staff
The idea of allowing a tenant to start to perform work in, or to move its equipment into a space before a lease is fully negotiated and executed is anathema to most landlords and lawyers. However, in the right circumstances this can be appropriate and necessary. Situations arise where a...
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Tourism key for NYC retail

REW Staff
By Benjamin FoxFrom the Opinion section: In general terms, there is no question that retail rents in Manhattan have moderated somewhat over the last couple of years in response to the economic downturn. On the other hand, rents in certain high traffic retail corridors have not decreased all that much and, in some cases, have even risen during this period. Why is this happening? Why are all these stores flourishing?
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Brokerages lease for a cure

REW Staff
By Roslyn LoWhen cancer struck at the heart of Andy Abramson’s family, the CEO of Value Companies, Inc, a real estate development and property management firm, took it personally. In 2007, he co-founded the Cure Breast Cancer Foundation, Inc. (CBCF), a 501(c) 3, non-profit organization, and then enlisted a number of partners to help sponsor charity events. To date, CBCF has raised more than $1.3 million.