Category : Featured

Construction industry urges Trump to support the apprentice
Construction & DesignFeatured

Construction industry urges Trump to support the apprentice

REW
by REW386
Construction employment increased in 211 metro areas between November 2015 and November 2016, the lowest number of metro areas to add jobs in four years, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said that contractors in many parts...
Chetrit JV makes $217M hotel play
Deals & DealmakersFeatured

Chetrit JV makes $217M hotel play

REW
by REW2222
Patriarch Equities, Sioni Group, and Highgate have purchased the 618-room Affinia Manhattan NYC hotel through a joint venture. Highgate has also assumed management of the property as part of the transaction. Pebblebrook Hotel Trust announced that the sale of the hotel closed at $217.5 million. Patriarch Equities, founded by Isaac...
JDS secures $660M for ‘ultra luxury rentalʼ
Featured

JDS secures $660M for ‘ultra luxury rentalʼ

REW
by REW1839
JDS Development Group has landed a $660 million financing deal for its double-tower American Copper Buildings in Kips Bay. JLL’s Capital Markets team secured the financing for the ultra-luxury rental buildings at 626 First Avenue. AIG provided a $500 million senior loan while Apollo Global Management and SL Green provided...
Construction & DesignFeatured

Retiring NYBC president Richard Anderson puts the years in perspective

Linda O'Flanagan
by Linda O'Flanagan2334
In 1994, Rudy Giuliani had just beaten incumbent New York City Mayor David Dinkins, unemployment was at over 13 percent and Staten Island was threatening to secede from the city. It was also the year Richard Anderson became president of New York Building Congress. “1994 was still a tough year...
Experts dispute Airbnb’s impact on housing supply and rental rates
FeaturedResidential

Experts dispute Airbnb’s impact on housing supply and rental rates

REW
by REW1490
Public officials across the country have been blocking short term-rental platforms like Airbnb, saying that such services strain housing supply and push up rents. These claims may soon be up for reassessment as new evidence points the other direction. According to Zillow’s latest Home Price Expectations Survey, a majority of...
BlackRock signs deal to anchor 50 Hudson Yards
Deals & DealmakersFeatured

BlackRock signs deal to anchor 50 Hudson Yards

REW
by REW3388
Related Companies and Oxford Properties Group this morning unveiled the design for 50 Hudson Yards with news that investment giant BlackRock will anchor the city’s newest trophy office tower . Designed by Foster + Partners, the 2.9 million gross square foot building will be New York City’s fourth largest commercial office tower...
Construction & DesignFeaturedResidential

Inside the years-long process of turning the Woolworth Building tower into luxury condos

Holly Dutton
by Holly Dutton695
The Woolworth Building in Lower Manhattan has been a distinctive part of New York City’s skyline for more than a century. Most New Yorkers could spot it in a lineup, along with other iconic skyscrapers like the Chrysler Building, the Empire State Building, and 1 World Trade Center. But next...
NYC hospitals to spend $6.3B in construction over next two years
Deals & DealmakersFeatured

NYC hospitals to spend $6.3B in construction over next two years

REW
by REW1475
New York City’s hospitals are expected to invest $6.3 billion on construction projects over the next two years, according to a new report. The massive amount of spending comes in the face of rapid change in the healthcare industry that will see hospitals add roughly two million square feet of...
Under Armour CEO tells retailers to adapt to ‘populist shift’
Deals & DealmakersFeatured

Under Armour CEO tells retailers to adapt to ‘populist shift’

REW
by REW1164
Kevin Plank, the billionaire founder and CEO of Under Armour, the Maryland-based sports apparel company that’s locked in a tussle with Nike, urged retailers to adapt to the “populist shift” that is sweeping across the West. “This populist shift that we’re seeing in America right now, and frankly, across the...