Category : Featured

Jared Kushner sells stake in 666 Fifth Ave. to family trust

REW January 31, 2017 January 31, 2017

by REWJanuary 31, 2017January 31, 20173120

Jared Kushner has sold his stake in 666 Fifth Avenue, following up on a promise earlier this month to divest from his assets. A Kushner spokesperson told Real Estate Weekly that the former CEO of Kushner Companies has sold his share of the trophy office building to a family trust,...

Deals & Dealmakers Featured

Construction workers, officials rally for safety bills

REW January 18, 2017 January 18, 2017

by REWJanuary 18, 2017January 18, 20171130

More than 200 construction workers from various trades, along with union officials, labor leaders and supporters rallied in Lower Manhattan this morning to urge the City Council to pass a package of bills intended to strengthen construction site safety. Citing the rise in construction-related deaths, thousands of construction workers, along...

Deals & Dealmakers Featured

De Blasio appoints Maria Torres-Springer as new HPD commissioner

REW January 17, 2017 January 17, 2017

by REWJanuary 17, 2017January 17, 20172331

Mayor Bill de Blasio yesterday (Tuesday) announced Maria Torres-Springer will serve as the next Commissioner of the Department of Housing Preservation and Development when its current commissioner, Vicki Been, returns to teaching at New York University. The mayor is also appointing James Patchett as President and CEO of the New...

Deals & Dealmakers Featured

Deputy Mayor Alicia Glen to keynote 2017 Women’s Forum

Linda O'Flanagan January 17, 2017 January 17, 2017

by Linda O'FlanaganJanuary 17, 2017January 17, 20171402

Alicia Glen, considered one of New York’s most powerful women, will keynote the sixth annual Real Estate Weekly Womenʼs Forum taking place June 14. “It’s going to be an exciting day,ˮ said Glen, the deputy mayor for housing and economic development. “We’re just a few weeks into 2017, but it...

Deals & Dealmakers Featured

Trump taps LeFrak, Roth to head infrastructure council

REW January 17, 2017 January 17, 2017

by REWJanuary 17, 2017January 17, 20171362

Richard LeFrak and Steven Roth, two developers who are known to be President-elect Donald Trump’s closest friends, have been tasked with overseeing the incoming administration’s $1 trillion infrastructure plan. Trump announced the appointments during an interview with the Wall Street Journal. The two, who will jointly head “a council of...

Deals & Dealmakers Featured

Banks: 421a deal may be weeks away

REW January 17, 2017 January 17, 2017

by REWJanuary 17, 2017January 17, 20171562

State authorities are moving forward with a plan to revive the lapsed 421-a tax incentive. On Monday, Governor Andrew Cuomo advanced a replacement plan negotiated by the Real Estate Board of New York and the Building and Construction Trades Council of Greater New York, promising more affordable homes and fair...

Featured Residential

Price per foot nudges towards $10,000 in top ten NYC condo sale list

REW January 13, 2017 January 13, 2017

by REWJanuary 13, 2017January 13, 20171953

In the battle over ultra-luxury condo buildings in 2016, the top sales per square came down to old classic versus new development. Of the five most expensive condo sales by price per square foot, 432 Park Avenue claimed three spots while 15 Central Park West took the other two. A...

Deals & Dealmakers Featured

Experts forecasting chill in NYC hospitality market

REW January 11, 2017 January 11, 2017

by REWJanuary 11, 2017January 11, 20171608

Despite a record-breaking year of tourism in New York City, with 60 million people visiting the Big Apple, the hotel market is in a slump. According to a report by online marketplace Ten-X, New York City is a “sell” market, along with Northern New Jersey, Houston, Pittsburgh, and San Jose,...

Deals & Dealmakers Featured

President Elect names Jared Kushner as advisor

REW January 10, 2017 January 10, 2017

by REWJanuary 10, 2017January 10, 20171570

President Elect Donald Trump this week named 36-year-old real estate scion Jared Kushner as a senior advisor to the White House. Kushner, who is married to Trumpʼs daughter Ivanka, has said he will relinquish his role as CEO of Kushner Companies, the real estate firm founded by his father in...

Featured Retail

CBRE appointed by Macy’s for mall dispositions

Linda O'Flanagan January 5, 2017 January 5, 2017

by Linda O'FlanaganJanuary 5, 2017January 5, 20171172

Macy’s has tapped CBRE to help with the “national disposition” of some of the 68 stores the retailer is closing. “This partnership brings together two industry leaders, each with more than 100 years of history,” said Jack Durburg, CBRE Chief Executive Officer, the Americas. “We are honored to assist Macy’s,...