Category : Featured

Deals & DealmakersFeatured

Residents protest plan to rezone Jerome Avenue in the Bronx

REW
by REW1684
The city began a formal review of its plan to rezone two miles of Jerome Avenue in the Bronx on Monday, after the City Planning Commission (CPC) certified the proposal during a review session. This marks the beginning of the Uniform Land Use Review Procedure (ULURP) for zoning that would...
Deals & DealmakersFeatured

Durst secures $1 billion loan for eight office towers

Linda O'Flanagan
by Linda O'Flanagan1412
The Durst Organization this week closed on a $1 billion credit line that will help finance its major development projects. The credit facility structures the financing of eight Durst office towers and results in a $400 million line of credit for capital improvement and acquisitions. The facility has a three-year...
Deals & DealmakersFeatured

Report: NYC’s life science facilities at full occupancy

REW
by REW1877
New York City’s existing 1.7 million s/f of life science and research space is currently fully occupied, pushing companies to establish outposts in Westchester County and New Jersey. According to a report from brokerage firm Transwestern, New York City is facing space constraints as it hosts the highest concentration of...
Deals & DealmakersFeatured

Title boss creates list of empty buildings, development opportunities ripe for the picking

REW
by REW2541
Title boss Daniel C. Price has created a shopping list of empty buildings for land-hungry New York developers. The co-founder, president and CEO of OneTitle National Guaranty Company, uncovered 541 vacant buildings throughout the five boroughs that he says are “hiding in plain sight” “Our findings show a surprisingly broad...
Midtown loses 5.1M s/f in office deals to Hudson Yards
Deals & DealmakersFeatured

Midtown loses 5.1M s/f in office deals to Hudson Yards

REW
by REW1442
More and more office tenants are heading west. In a just-released report on Manhattan construction, Colliers International found that since 2014, Midtown has lost 5.14 million s/f in tenant relocations greater than 50,000 s/f to the Hudson Yards/Manhattan West submarket. The biggest deals have been consumer product tenants like L’Oreal,...
Investigators slam Kushner’s ‘Houdini’ move to make rent-regulated units disappear
Deals & DealmakersFeatured

Investigators slam Kushner’s ‘Houdini’ move to make rent-regulated units disappear

Linda O'Flanagan
by Linda O'Flanagan1781
Kushner Companies said it is reviewing a class action lawsuit filed yesterday (Tuesday) by tenants accusing the firm of over-charging them on regulated apartments. The non-profit Housing Rights Initiative (HRI) filed the suit on behalf a group of Brooklyn tenants after it uncovered what it called a “systematic effort to...
NAACP joins coalition against City Council construction safety bill
Deals & DealmakersFeatured

NAACP joins coalition against City Council construction safety bill

REW
by REW1497
The National Association for the Advancement of Colored People (NAACP) has joined a coalition battling a controversial construction safety bill that they believe disadvantages minorities. The “Putting New Yorkers to Work” coalition includes the NAACP New York State Conference, Public Housing Communities, Inc., One Hundred Black Men, Inc. of New...
FeaturedREBNY WatchViews

Why REBNY launched its listing syndication service

REW
by REW1975
After nearly two years of meticulous planning, the Real Estate Board of New York’s (REBNY) Residential Listing Service (RLS) launched Syndication earlier this week. A game-changing technology service for the real estate industry, Syndication allows salespersons and brokers to easily send residential real estate listings to a powerful network of...
New York mainstays in the market for New Jersey warehouses
Deals & DealmakersFeatured

New York mainstays in the market for New Jersey warehouses

REW
by REW1353
Katz’s Deli, the iconic Lower East Side eatery that has been a mainstay for New Yorkers for more than a century, has launched an online store, and recently leased 30,000 s/f of warehouse space in New Jersey to as part of the new effort. The famed deli leased 29,770 s/f...