Ravitch strikes deal to keep one quarter of Waterside Plaza apartments affordable
One-time Lt. Governor Ravitch will give longtime tenants a break in exchange for tax break, ground lease extension
Category : Featured
WATCH: Avison Young’s James Nelson and City Planning Commission chair Mariso Lago talk NYC’s growing population
In the August edition of the Nelson Report, a REW video series featuring James Nelson, Avison Young principal and head of investment sales, Nelson interviews Marisa Lago, director of the New York City Department of City Planning and chair of the City Planning Commission. They discuss how Lago’s office is...
Preservationists sue to protect museum
An 1830s building-turned-museum is at risk of possible collapse from a next-door hotel project, according to a recently filed lawsuit. The Merchant’s House Museum and its executive director filed a lawsuit on July 23 against the Department of City Planning and Kalodop II Park Corporation, their next-door neighbor looking to...
City issues RFP for new movie campus
New York City Economic Development Corporation (NYCEDC) and the Mayor’s Office of Media and Entertainment (MOME) released a Request for Proposals (“RFP”) for an opportunity to develop nearly 200,000 s/f of waterfront real estate at the Made in New York (MiNY) Campus at Bush Terminal in Sunset Park into a...
Chung putting his faith in people as company bets big on e-commerce sector
Andrew Chung’s first real estate lesson came early in life. As a child, his landlord raised the rent at his family’s apartment in Bay Ridge, Brooklyn. Unable to afford the hike, the Chungs relocated to more affordable quarters in Bayside, Queens. “I realized it was better to be on the...
Watchdog group calls for evaluation of Project Labor Agreements
A city watchdog group is calling for evaluations of the city’s labor agreements with New York’s building and construction union network. The Citizens Budget Commission, a nonprofit civic organization focused on the city and state’s finances, sent a letter to Mayor Bill de Blasio in July requesting the city report...
New Yorkʼs office condo sector enjoying record business, says new market report
Niche office condo market, which historically has been known to draw non-profits, small businesses and doctors, has recently been attracting a wave of major corporate users.
Related strikes new deal with carpenters union to finish Hudson Yards
Now the industry is watching to see whether the carpenters defection will influence the other unions whose members have been building Hudson Yards for the past six years.
Kushner signs ground lease deal for 666 Fifth Avenue with Brookfield
Kushner Companies this week struck a deal with Brookfield that will get President Trumpʼs in-laws out from under a pile of debt. Brookfield Asset Management signed a 99-year ground lease for Kushner’s trophy 666 5th Avenue, effectively ending months of speculation about what the company would do with the over-leveraged...
Protests and demonstrations before final Inwood rezoning vote
A rezoning plan for the neighborhood of Inwood, at the northern tip of Manhattan, is just one vote away from becoming reality. And while the plan has the support of many City officials as well as the Real Estate Board of New York (REBNY), the rezoning proposal has its fair...