Category : Featured

Brokers warn WTC mall needs to shape up to draw shoppers
Deals & DealmakersFeaturedRetail

Brokers warn WTC mall needs to shape up to draw shoppers

REW
by REW4030
It’s been nearly two years since Westfield’s World Trade Center mall debuted to high expectations, but brokers say prospective tenants are wary of setting up shop in one of the biggest malls in Manhattan. “It made a lot of sense and everyone thought it was a home run,” said Alan...
REBNY president blasts builders unions, urges city to go open shop
Construction & DesignFeatured

REBNY president blasts builders unions, urges city to go open shop

REW
by REW1276
REBNY President John Banks blasted the city’s construction unions for their decision to picket the Hudson Yards work site, accusing members of being overpaid and corrupt. In his weekly column for Real Estate Weekly, Banks called the demonstrations “a sad statement on the inability of these unions to compete in...
Houlihan comes out a winner in new generation game
Deals & DealmakersFeatured

Houlihan comes out a winner in new generation game

REW
by REW1857
Some siblings pass their time playing cops and robbers or recreating battle scenes from movies, but in the Houlihan household, even playtime was strictly business. Christie Houlihan can recall partnering up with her sister to pretend to sell their younger brother. “We wrote up a deed to him and sold...
Landlords enduring love-hate relationship with co-working
Construction & DesignFeatured

Landlords enduring love-hate relationship with co-working

REW
by REW2933
Flexible office leasing is a top-heavy industry in the U.S., with the top 10 companies controlling more than a third of the square footage nationwide. However, there’s no shortage of American ingenuity, as 94 percent of flexible space providers are independent companies that operate in just a single city, according...
Deals & DealmakersFeatured

Siegel earns Lifetime recognition

Linda O'Flanagan
by Linda O'Flanagan1318
CBRE has honored global brokerage chairman Stephen B. Siegel with the firm’s Lifetime Achievement Award. Siegel was honored at the 2018 Recognition Summit in Palm Beach, FL, which celebrated the outstanding achievement of CBRE’s top 300 producers from 2017. The Lifetime Achievement Award recognizes an individual who has most contributed...
Landlords win high-stakes court battle over city rent regulations
Deals & DealmakersFeatured

Landlords win high-stakes court battle over city rent regulations

REW
by REW1437
New York’s decades-long practice of deregulating apartments has been saved following a high court ruling in a long-running rent case. New York Court of Appeals last week upheld an appeal by landlord Equity Properties that will allow over 100,000 apartments to remain deregulated. “Altman v. 285 West Fourth LLC had...
Deals & DealmakersFeatured

Steve Green steps down as REIT boss

Kyle Campbell
by Kyle Campbell459
SL Green Realty Trust founder Stephen L. Green will step down from the company’s top post at the beginning of next year, capping a two-decade tenure as one of the city’s top commercial landlords. Green announced that he will relinquish the title of chairman of the company’s board and transition...
Deals & DealmakersFeatured

Maefield completes $1.5B Times Sq. takeover

REW
by REW2639
Maefield Development has closed on a $1.53 billion deal to buy out its partner in the 20 Times Square redevelopment. The company announced on Monday that it would finish the 400,000 s/f global destination at 701 Seventh Avenue, aka 20 Times Square, as sole owner. “At the epicenter of culture...