Category : Featured

Deals & DealmakersFeatured

Amazon closes 360,000 s/f lease at Brookfield’s Five Manhattan West

REW
by REW2026
Brookfield has signed a 360,000 s/f lease at Brookfield’s Five Manhattan West. The firm, which recently announced a search for its “second headquarters,” finalized a deal to take the entire sixth and seventh floors and a portion of eighth and tenth floors. The deal boosts occupancy in the 16-story tower...
Online booking fees keeping some hotel investors on the sidelines
Deals & DealmakersFeatured

Online booking fees keeping some hotel investors on the sidelines

Christian Brazil Bautista
by Christian Brazil Bautista373
Independent hotels continue to gain ground against the Marriotts and Hiltons of the world. However, some investors remain on the sidelines, skeptical of the way independent players attract guests to their properties. According to Hidrock Properties CEO Abe Hidary, his firm has stayed away from the independent hotel segment due...
Featured

Sharing economy extends to mortgages as co-borrowing becomes a trend

REW
by REW3232
The so-called “sharing economy” just added another facet to its mix – co-borrowing. Decades ago, while Baby Boomers typically were able to purchase a single-family home in the suburbs on one salary, nowadays, it takes a village. In today’s millennial era, where co-living, co-working, and ride-sharing are all commonplace and...
NYC brokers optimistic in spite of market slowdown
Deals & DealmakersFeatured

NYC brokers optimistic in spite of market slowdown

REW
by REW1374
New York City’s real estate brokers remain optimistic in spite of concerns over market activity, according to the Real Estate Board of New York. In its Broker Confidence Index for the second quarter of 2017, the organization found that the city’s real estate industry is being buoyed by financing conditions....
Beer hall coming to Times Square
Deals & DealmakersFeatured

Beer hall coming to Times Square

REW
by REW1428
A new beerhall-type concept is coming to Times Square as retail rents in the worldʼs busiest tourist trap continue to take a battering. Veteran hospitality expert Victor Menkin just closed on a deal with Knickerbocker Social LLL to open a 12,776 s/f concept in the five-story building at 240 West...
Lessons from Hurricane Sandy has NY on firm footing against storms
FeaturedGreen Building

Lessons from Hurricane Sandy has NY on firm footing against storms

REW
by REW1600
Fresh of Hurricane Harvey, days away from Irma and five years after New York was battered by its own Hurricane Sandy,  the real estate community is more resilient and prepared for a severe weather event. Many developers and architects were forced to re-think design plans after Hurricane Sandy flooded waterfront...
Deals & DealmakersFeatured

City Point bucking national retail slump

REW
by REW2364
Downtown Brooklyn’s City Point development has found the right formula for bringing in visitors, in the midst of a national slump in the evolving industry. In the works for years, City Point opened some of its major anchors in the past few months — including Trader Joe’s and Dekalb Market...
Deals & DealmakersFeatured

Report: Aging population, healthcare policies boosting demand for medical offices

REW
by REW1478
The aging U.S. population, pressure for healthcare providers to cut costs, and new technologies have boosted demand for medical office properties in recent years, according to a new report from CBRE. The U.S. Census Bureau estimates that the 65+ population will nearly double between 2015 and 2055 to more than...
FeaturedResidential

Historic Chetrit development has Bronx housing reaching crescendo

REW
by REW2036
As real estate prices continue to rise in New York City and residents keep moving further out from Manhattan to find affordable housing, The Bronx continues to draw more interest from developers and residents seeking more bang for their buck. In the second quarter of 2017, sales volume in the...
New York’s appeal with foreign home buyers grows weaker, says report
Deals & DealmakersFeatured

New York’s appeal with foreign home buyers grows weaker, says report

REW
by REW1465
New York’s appeal with foreign buyers appears to be waning. According to the National Association of Realtors’ 2017 Profile of International Activity in US Residential Real Estate, foreign buyers bought $153 billion worth of residential properties across the country. The figure represents the highest since the NAR started tracking the...