Category : Featured

Landlord deportation threat drives immigrant call for help
FeaturedHeadlineLawsuits

Landlord deportation threat drives immigrant call for help

REW
by REW2903
City officials and advocacy groups in are expressing concern following reports that landlords are threatening tenants with immigration. Emboldened by a Trump Administration crackdown on illegal immigration and so-called Sanctuary City status, one group of tenants said their landlord threatened to have them “rounded upˮ by Immigration and Customs Enforcement...
Deals & DealmakersFeatured

Lower Manhattan pioneer David Rockefeller dead at age 101

REW
by REW1551
David Rockefeller, who founded the Downtown Alliance’s parent organization, the Downtown- Lower Manhattan Association, and whose advocacy helped ensure the rebirth and growth of Lower Manhattan, has died at his home in Pocantico Hills, New York. He was 101 years old. Mr. Rockefeller was the chairman and CEO of Chase...
EPA puts dry cleaners on notice and warns building owners and residents of chemical threat
Construction & DesignFeaturedProperty Managers

EPA puts dry cleaners on notice and warns building owners and residents of chemical threat

REW
by REW2095
By Kristine M. MacWilliams, PE, Technical Director-Subsurface Investigation, and Douglas Newton, CPG, PG, National Client Manager, Partner Engineering and Science, Inc. In New York City, it seems as though there is a dry cleaning facility on every block.  That may no longer be the case in 2020, however, when new...
Fired up Massey pulling no punches in mayor race
Deals & DealmakersFeatured

Fired up Massey pulling no punches in mayor race

REW
by REW1085
Cushman & Wakefield executive Paul Massey has formally launched his mayoral campaign, unveiling a to-do-list that promises more affordable housing and an overhaul of homeless services. Massey made the announcement in a video address posted on Twitter. In the 30-second video, he never referenced the incumbent, Mayor Bill de Blasio,...
Kushner closes $4B deal with Chinese insurers to refinance 666 Fifth Avenue
Deals & DealmakersFeatured

Kushner closes $4B deal with Chinese insurers to refinance 666 Fifth Avenue

Christian Brazil Bautista
by Christian Brazil Bautista447
Kushner Companies, the firm owned by the family of White House Senior Adviser Jared Kushner, has secured a $400 million loan for 666 Fifth Avenue in Midtown Manhattan. According to a report from Bloomberg, Kushner and Chinese insurance firm Anbang have agreed to a deal worth $4 billion. The transaction...
FeaturedOffice Market

City office workers go remote as Storm Stella strikes

Linda O'Flanagan
by Linda O'Flanagan1744
After New York City virtually shut down in preparation for storm Stella, the city ended up dodging the brunt of the blizzard. Schools, offices, businesses and most public transit shut on Tuesday as New York City braced for a blizzard meteorologists expected to be historic in terms of snowfall. A...
Deals & DealmakersFeatured

Hotel sector unfazed by Trump travel ban

REW
by REW1154
Hotel developers are more perturbed by Airbnb and construction costs than a revised Trump travel ban that could cost New York City some 300,000 foreign visitors this year. “The Airbnb situation is threatening New York City in a very aggressive way, by far more substantial than this five nations ban,”...
RockPoint buys $300M stake in Mack-Caliʼs Roseland unit
Featured

RockPoint buys $300M stake in Mack-Caliʼs Roseland unit

REW
by REW2906
Boston-based REIT RockPoint Group has acquired a $300 million stake in Mack-Cali unit, Roseland Residential Trust. Once Roseland is funded, RockPoint would gain a 17 percent interest in the firm. Mack-Cali, which acquired Roseland for $134.6 million in 2012, would retain an 83 percent share. RockPoint will inject the $300...
Cuomo vows to veto 421a bill with no union labor provisions
Deals & DealmakersFeatured

Cuomo vows to veto 421a bill with no union labor provisions

REW
by REW1627
Governor Andrew Cuomo has vowed to veto any 421a legislation that does not include protections for union labor. In a speech during the Building and Construction Trades Council of Greater New York Winter Conference last week, Cuomo said that the exclusion of a prevailing wage provision is “the camel’s nose...
Deals & DealmakersFeatured

Plated food delivery service eats up 23,000 s/f at Kaufman’s 111W19

REW
by REW1389
The Kaufman Organization announced that meal kit delivery service, Plated has signed a 23,000 s/f, full-floor lease at the firm’s Chelsea office building, 111 West 19th Street (111W19). Due to rapid expansion and outgrowing their 11,000 s/f space at 22 West 19th Street, Plated is now relocating into an office space that...