Category : Featured

Office leasing on hot streak
Deals & DealmakersFeatured

Office leasing on hot streak

REW
by REW1174
The Manhattan office leasing market is back on track with a strong second quarter after a slow start to 2018. In its second quarter report on the city office market, Transwestern announced upticks in overall volume, average asking rents and lease sizes. More than 10 million s/f was leased during...
City could rein in creative developers who believe the sky is the limit
FeaturedResidential

City could rein in creative developers who believe the sky is the limit

REW
by REW1426
Developers continue to employ novel methods to amass the tallest buildings in the city, leaving brokers and their clients to adjust to an obsession with height. While new developments are restricted to the area’s zoning laws, developers have come up with several ways to get taller buildings while still complying...
Renegade intern lands ATCO in hot water with data company
FeaturedLawsuitsTechnology

Renegade intern lands ATCO in hot water with data company

REW
by REW4067
Months after commercial real estate data company Reis sued ATCO Properties & Management for stealing hundreds of reports from the company’s website without paying, a judge has rejected ATCO’s motion to dismiss the suit. In March of this year, Reis filed a complaint in New York Supreme Court alleging that...
Deals & DealmakersFeatured

550 Madison gets landmark designation

Jackson Chen
by Jackson Chen329
The city’s Landmark Preservation Commission has designated the former Sony Building at 550 Madison Avenue a landmark. Calling the 37-story office tower a leader in postmodern design, LPC vice chair Frederick Bland said, “This is the building that established postmodernism as a legitimate architectural movement. It deserves to be preserved...
L&L and Normandy drop $900M for Terminal Stores
Deals & DealmakersFeatured

L&L and Normandy drop $900M for Terminal Stores

REW
by REW2313
Five months after Google bought Chelsea Market for $2.4 billion, another neighborhood property is selling for a huge number. A joint venture of L&L Holding Co. and Normandy Real Estate Partners signed a contract to acquire a former warehouse in Chelsea turned office building for $900 million, as the Wall...
Security Guards: Unlocking new tech ideas could solve deposit conundrum, say industry experts
FeaturedResidentialTechnology

Security Guards: Unlocking new tech ideas could solve deposit conundrum, say industry experts

REW
by REW1557
Like the Statue of Liberty, Empire State Building, and Times Square, perhaps the most well-known thing about New York City is that it's expensive to live here. A recent report outlining the steep cost of putting up a security deposit, the City is proposing ways to make it easier for New Yorkers to find housing.
Bronx cheerleader always has her eye on the ball
Deals & DealmakersFeatured

Bronx cheerleader always has her eye on the ball

REW
by REW2193
Kathy Zamechansky has spent nearly half a century working to make the Bronx a better place. Still going strong, she was recently honored by the Bronx-Manhattan North Association of Realtors and named vice chair of the Bronx Overall Economic Development Corporation, an organization she helped found back in 1981. Founder...
Out of Reach: Millennials face difficult road to home ownership
FeaturedResidential

Out of Reach: Millennials face difficult road to home ownership

REW
by REW1437
Younger families are finding it increasingly difficult to turn their American Dreams into realities. During the past decade, the number of families with minor children that live in an owned home has decreased by 3.6 million, according to the most recent U.S. Census data, a 14 percent decline. Meanwhile, the...