Category : Featured

de Blasio ramps up homes plan, promising 100,000 more affordable homes
FeaturedResidential

de Blasio ramps up homes plan, promising 100,000 more affordable homes

REW
by REW1138
Mayor Bill de Blasio’s plan to further ramp up affordable housing construction and protection has the support of New York’s real estate community but not everyone is so thrilled about it. After moving ahead of schedule on his plan to build or protect 200,000 affordable homes by 2024, de Blasio...
In struggling retail market, executives cling to hope that companies can adapt
FeaturedRetail

In struggling retail market, executives cling to hope that companies can adapt

REW
by REW1556
Keep calm and hope retailers adapt. Thatʼs the mantra of retail executives after a year of shakeups for the retail industry nationwide. While many sectors are struggling, there are pockets where retail is doing alright, and in New York City, the story is all about adapting. Perhaps the biggest change...
FeaturedOffice MarketTechnology

Midtown West, Long Island City, Brooklyn, FiDi headline NYC’s Amazon bids

REW
by REW1703
New York City offered four resurgent districts in Manhattan, Brooklyn and Queens to Amazon as potential locations for its second headquarters. Midtown West, Lower Manhattan, Long Island City and Brooklyn’s Tech Triangle—composed of the borough’s downtown district, DUMBO and the Navy Yard—were all included in a combined pitch from the...
Autonomous drones and taxis, blockchain data next trends in RE tech
Deals & DealmakersFeatured

Autonomous drones and taxis, blockchain data next trends in RE tech

REW
by REW1817
Autonomy and blockchain are the chosen buzzwords of the not-so-distant future. During a panel at the MIPIM Proptech Summit, autonomous taxis and drones and blockchain applications for home listings were identified as the next innovations to upend the real estate industry. The breakthroughs are somehow muted in their current state....
Deals & DealmakersFeaturedOffice Market

Altice USA move, consolidation drives L.I. office sublease market

REW
by REW3157
Cable and internet provider Altice USA’s office shuffling in Nassau County headquarters continues to drive up Class A office subleasing availability in Long Island. After acquiring Cablevision last year, Altice has gradually consolidated its operation on the, moving some additional functions into its Bethpage headquarters and relocated other employees to Long...
Blackstone to put Five Bryant Park back on market after signing new tenants
FeaturedOffice Market

Blackstone to put Five Bryant Park back on market after signing new tenants

REW
by REW1618
Blackstone Group is preparing to put Five Bryant Park back on the market. After testing the waters last summer, the investment firm is ready to once again seek a buyer for the 682,000 s/f trophy, also known as 1065 Avenue of the Americas. Paula Chirhart, Blackstone’s vice president of external...
New York REIT sells two Chelsea buildings to Columbia Property Trust
Deals & DealmakersFeatured

New York REIT sells two Chelsea buildings to Columbia Property Trust

REW
by REW1664
New York REIT continued its yearlong liquidation by selling Twitter’s headquarters and two-other fully occupied Chelsea office buildings to Columbia Property Trust for $514 million. Included in the sale were 249 West 17th Street, the six-story home to Twitter and the high-end furniture chain Room & Board, as well as...