Category : Featured

Report: Construction wages highest in a decade
Deals & DealmakersFeatured

Report: Construction wages highest in a decade

REW
by REW1419
New York City construction industry employment rose for the fifth consecutive year in 2016, surpassing 140,000 for the first time in at least four decades, according to a New York Building Congress analysis of New York State Department of Labor employment statistics available since 1975. In addition, the average annual...
FeaturedResidential

Live, work, play a moving target for developers

REW
by REW1945
Live, work, play, a catch-all buzzword that describes places with a wealth of housing, employment and entertainment options, has become a moving target for developers. Eager to appease the ever-expanding millennial workforce, developers are building gigantic monuments of convenience, with whole sections of Manhattan and Brooklyn morphing into mixed-use complexes designed to accommodate...
Related, Vornado secure 99-year Farley Post Office leasehold
Deals & DealmakersFeatured

Related, Vornado secure 99-year Farley Post Office leasehold

REW
by REW2847
Vornado Realty Trust and Related Companies have completed a 99-year lease for the commercial space at the James A. Farley Post Office Building. The joint venture, which closed the deal with Empire State Development, will develop 850,000 s/f of commercial space in the property. This includes 730,000 s/f of office...
Deals & DealmakersFeatured

Store closures from big retailers may be positive for New York City

REW
by REW1348
Shopping small could be the key to reversing a retail slump thatʼs dragging down the nation’s high streets. According to Amber Jacobsen, director at Brooklyn-based specialty coffee roaster Toby’s Estate, “It’s actually good that these big retailers that have a store on every single corner block are going away, and...
FeaturedResidential

Renters go fishing for deals as apartment concessions soar

REW
by REW1884
Encouraged by numerous reports about New York City’s softening rental market, tenants are now engaging in their own form of real estate speculation. At open houses and viewings across the city, renters are looking for a better deal in spite of being locked into leases that are about 90 days...
FeaturedPhoto Gallery

IN PICTURES: Leading ladies put their best feet forward at 2017 Women’s Forum

Linda O'Flanagan
by Linda O'Flanagan2855
Nearly 400 men and women were drawn to the New York Bar Associate Building in midtown today (Wednesday) for the 6th annual Real Estate Weekly Women’s Forum. Co-hosted by EisnerAmper and CREW-NY, the event gathered 16 of the industry’s most influential female players to discuss a plethora of issues. Thanking...
Featured

Alicia Glen pulls no punches at real estate women’s forum

Linda O'Flanagan
by Linda O'Flanagan1923
One of the city’s most powerful women didn’t pull any punches during  Real Estate Weekly’s 6th annual Women’s Forum today (Wednesday). “Being an ambitious woman in this town means taking punches, and quite frankly, throwing them. It means that after every time you fail or succeed, you don’t get to rest on...
Deals & DealmakersFeatured

AG puts owners on notice with year-long jail term for Croman

Linda O'Flanagan
by Linda O'Flanagan315
Rogue landlord Steve Croman has been jailed for one year and ordered to pay $5 million in fees after pleading guilty to tax fraud. Dubbed the “Bernie Madoff of landlords,” Croman was arrested last year and charged with 20 felonies connected to harassing rent-stabilized tenants to push them out of...