Debt & EquityFeatured Extell partners with German investor on Upper West Side’s tallest tower REW July 13, 2020 July 13, 2020 by REWJuly 13, 2020July 13, 20205727 German entrepreneur Lars Windhorst to co-develop the controversial 775 ft. residential tower
Deals & DealmakersFeatured Manhattan office market braced for worst REW July 13, 2020 July 13, 2020 by REWJuly 13, 2020July 13, 20203453 Manhattan office leasing volume declined 68 percent year-over-year in the second quarter to 3.3 million square feet.
Deals & DealmakersFeatured Manhattan investment sales hit rock bottom REW July 10, 2020 July 10, 2020 by REWJuly 10, 2020July 10, 20203763 The quarter tallied 30 transactions and $753 million in total dollar volume.
Construction & DesignFeatured Report: M/WBEs could be wiped out by coronavirus REW July 10, 2020 July 10, 2020 by REWJuly 10, 2020July 10, 20204174 Nearly three quarters of the city’s Minority and Women Owned Businesses (M/WBE) expect to shut down within the next six months.
FeaturedResidential COVID home-buyers pushing up prices on coveted properties REW July 10, 2020 July 10, 2020 by REWJuly 10, 2020July 10, 20204701 The number of sales across the boroughs have nosedived, but prices are going up everywhere except Manhattan.
FeaturedRetail Marx Realty signs Wells Fargo at 545 Madison REW July 10, 2020 July 10, 2020 by REWJuly 10, 2020July 10, 20204317 The firm is relocating its branch from 540 Madison to the building where Marx Realty is planning a $24 million repositioning.
Construction & DesignFeatured Concrete industry salutes its finest – remotely REW July 9, 2020 July 9, 2020 by REWJuly 9, 2020July 9, 20203035 Stephen DeSimone, Peter Scalamandre named this year's honorees by CIF, CIB
Debt & EquityFeatured Resnick, Ruben close on $100M refi’ of 52 Broadway REW July 9, 2020 July 9, 2020 by REWJuly 9, 2020July 9, 20203344 PGIM Real Estate served as the lead underwriter on the new 15-year loan.
Construction & DesignFeatured DOB to start issuing violations to COVID scofflaws REW July 8, 2020 July 8, 2020 by REWJuly 8, 2020July 8, 20206521 Grace period for instituting mandatory health and sanitation regulations for work sites is over.
Deals & DealmakersFeatured JV acquires 220,000 s/f New Jersey shopping center REW July 8, 2020 July 8, 2020 by REWJuly 8, 2020July 8, 20204561 COVID crisis, retail market flux lets JV pick up a property at a fraction of its stabilized value.