Category : Featured

Ex-mayoral hopeful Massey calls for better leadership in de Blasio 2nd term
Featured

Ex-mayoral hopeful Massey calls for better leadership in de Blasio 2nd term

REW
by REW1256
Would–be New York City mayor Paul Massey says election victor Bill de Blasio should get over himself and get on with the job without squabbling over petty politics with Gov. Andrew Cuomo. Speaking after de Blasio romped to victory in the general election against Republican Nicole Malliotakis, Massey said, “The...
Offices adopt hotel mentality as extended stay becomes new normal
FeaturedOffice Market

Offices adopt hotel mentality as extended stay becomes new normal

REW
by REW2771
Hospitality has become a driving force in the office rental market. Along with conference rooms and gyms, features that have long been associated hotels, workplaces are also adding lounges, cafés, concierge services, game rooms and sleeping areas. Demand has even given life to a niche industry in which third-parties, such...
Report: Manhattan, Brooklyn, Westchester hardest hit by GOP tax plan
Debt & EquityFeatured

Report: Manhattan, Brooklyn, Westchester hardest hit by GOP tax plan

REW
by REW1558
Two provisions in the GOP federal tax plan will disproportionately impact homeowners in Manhattan, Brooklyn and Westchester County. According to a report from ATTOM Data Solutions, thousands of homeowners in the areas may see their homeownership tax incentives slashed due to Congress’ proposed cuts to mortgage interest rate and property...
Report: Lower Manhattan vacancy drops to lowest number since 2014
Deals & DealmakersFeatured

Report: Lower Manhattan vacancy drops to lowest number since 2014

REW
by REW1477
Lower Manhattan is the strongest commercial leasing market in NYC, according to a new report. The neighborhood experienced its highest year-to-date leasing activity since 2014, led by major lease deals by Macmillan Publishers, ESPN Studios, and the Stagwell Group. A new 3Q report from the Alliance for Downtown New York...
Madison Square Garden Ventures leases 10,000 sf at 111 W. 33rd Street
FeaturedOffice Market

Madison Square Garden Ventures leases 10,000 sf at 111 W. 33rd Street

REW
by REW2697
Madison Square Garden Ventures, a tech-driven subsidiary of the MSG Company, has leased a 10,000 sf floor in a Midtown South office building. The office is within 111 West 33rd Street, which is owned by Empire State Realty Trust, the same REIT that controls the Empire State Building as well...
Chuck Schumer, Richard LeFrak named among annual REBNY honorees; Rob Speyer is Distinguished NYer
Featured

Chuck Schumer, Richard LeFrak named among annual REBNY honorees; Rob Speyer is Distinguished NYer

REW
by REW2231
The Real Estate Board of New York (REBNY) announced the leaders who will be presented with top honors for their outstanding professional success and exceptional contributions to the real estate industry at REBNY’s 122nd Annual Banquet to be held on Thursday, January 18, 2018 at the New York Hilton in Midtown Manhattan. Rob Speyer,...
Standard Hotel sells to Gaw Capital for $323M, a $77M discount from 2014
Deals & DealmakersFeatured

Standard Hotel sells to Gaw Capital for $323M, a $77M discount from 2014

REW
by REW3602
The Standard Hotel, located along the High Line in the heart of the Meatpacking District, has officially sold for $323 million. According to city records, private equity fund Gaw Capital, under the LLC “GC SHL,” purchased 848 Washington Street from AB Green Gansevoort, LLC on October 27. Forbes first reported...
WeWork devours more New York office space, adds Tower 57, NoMad loft
FeaturedOffice Market

WeWork devours more New York office space, adds Tower 57, NoMad loft

Linda O'Flanagan
by Linda O'Flanagan1668
A week after announcing an $850 million deal to buy the Lord & Taylor flagship for his NYC headquarters, WeWork continues to sign leases for more space. The collaborative workspace provider is expanding its footprint at Tower 57 to 125,000 s/f.   And it will occupy a chunk of the...
Essex Crossing goes “big-game hunting” for high-profile office tenants
FeaturedMarketing and Public RelationsOffice Market

Essex Crossing goes “big-game hunting” for high-profile office tenants

REW
by REW2618
Delancey Street Associates, the team of investors behind Essex Crossing, is hoping to land at least one distinguished company at its Lower East Side development by offering a ready-made campus environment. “We’re big-game hunting,” said Josh Kuriloff, the Cushman & Wakefield executive handling the marketing campaign for the site’s 350,000...