60 Guilders aims to add outer borough industrial to portfolio
The firm is looking in neighborhoods such as Williamsburg and Sunset Park in Brooklyn, Maspeth and Long Island City in Queens, and Mott Haven in the Bronx.
Category : Featured
Blockchain no longer a scary word as real estate inches towards rollout
Blockchain technology has the potential to revolutionize the real estate industry by making transactions, even those between parties half a world apart, faster and more secure. However, New York, the country’s most significant property market, has yet to touch it.
Rechler preaches infrastructure risk and reward in public-private partnerships
RXR CEO and chairman Scott Rechler, who advised President Trump on infrastructure during the transition period last year, said at a ULI panel last week that he’s convinced federal funding isn’t going to happen, despite what the President said during his State of the Union address.
New development draws more $100 psf-plus deals
The number of $100 per square feet or higher deals dropped in 2017, but the overall volume of luxury office space leased in Manhattan last year increased by 25 percent, according to a new report by JLL. According to JLL’s 2017 Hedge Fund Activity Report, 102 transactions were signed with...
Tax plan could keep sector on upward trajectory, say experts
A strong economy and low unemployment fueled Manhattan office leasing last year, which had its best year since 2014, as average asking rents hit their highest peak in a decade. According to data from CBRE, in 2017, 28.4 million s/f of office space was leased in Manhattan, while average asking...
Brooklyn Navy Yard to build $2.5B manufacturing hub, add 10,000 middle class jobs
$2.5 billion plan will add five million square feet of manufacturing space for 10,000 new jobs
Tech startups look to turn heads at MetaProp Demo Day
Seven tech startups with the potential to change the way real estate does business will showcase their products during the annual MetaProp Demo Day Thursday.
Online brokerage aims to undercut New York companies with cheap commissions
Purplebricks Group expanded its U.S. presence to the east coast last week, offering to list any property on its comprehensive web platform for $3,200, while collecting a sales commission of just 2.5 percent, which compares to a national average of 5.5 percent.
New building team L&L MAG outlines end game
Fresh off announcing their new partnership, MaryAnne Gilmartin and Robert Lapidus are eager to make their next announcement: their first ground-up development in the city. “I’m thinking first half of 2018 if we’re doing our jobs right,” Gilmartin told Real Estate Weekly during last week’s REBNY banquet. “And I’m thinking...
First construction fatality of 2018 at 24th Street McSam hotel site
Jucong Wu, 33, of Brooklyn was working on the ninth floor of 111 East 24th Street, Sam Chang-owned building in the Flatiron District. He was found dead in an elevator shaft.