Category : Featured

VTS, Hightower merge to form tech firm with 5 billion s/f portfolio
Deals & DealmakersFeatured

VTS, Hightower merge to form tech firm with 5 billion s/f portfolio

REW
by REW1987
Real estate technology start-ups VTS and Hightower have agreed to merge to form a company with a five billion square foot portfolio. The firms, which both provide asset management services to commercial real estate firms, will integrate their products into one platform. Under the terms of the deal, Hightower will...
Deals & DealmakersFeatured

Report: New York metro area to register modest growth next year

REW
by REW931
In a national housing market operating on muted growth, New York may become a completely unremarkable player. According to a Realtor.com analysis of the country’s top 100 metropolitan areas, New York (which in this case also includes Newark and Jersey City) may be lost to the middle of the pack...
GID, Henley score $2.2B loan for UWS apartments, the biggest in NYC in 2016
Debt & EquityFeatured

GID, Henley score $2.2B loan for UWS apartments, the biggest in NYC in 2016

REW
by REW1458
General Investment and Development Companies and Henley Holding Company, the partners behind a proposed three-building luxury residential project in the Upper West Side, have just closed the largest residential construction financing deal in the city this year. The firms received a $2.2 construction billion loan for Waterline Square, a 1,132-unit...
Public-private partnerships key to infrastructure overhaul
Deals & DealmakersFeatured

Public-private partnerships key to infrastructure overhaul

REW
by REW1495
Since President-elect Donald Trump announced a $1 trillion infrastructure upgrade for the U.S., many have questioned how exactly that could happen. But leaders in New York City’s real estate industry are championing Trump’s talk of using public-private partnerships to make the plan a reality. At a panel at NYU Schack’s...
Construction & DesignFeatured

Newly redesigned Astor Place officially opened

REW
by REW1475
The official unveiling of the redesigned Astor Place and Cooper Square took place today. The renovated plazas and walkways transform the popular area with  public amenities and plantings, traffic-calming measures, storm-ready landscaping, and restored public artworks including the famous rotating black cube, Alamo, prized mosaic installations on light poles, and a statue...
Mitsui Fudosan buys majority stake in Hoboken office tower
Deals & DealmakersFeatured

Mitsui Fudosan buys majority stake in Hoboken office tower

REW
by REW2611
Mitsui Fudosan America, the U.S. arm of Japanese developer Mitsui Fudosan Co., has bought a majority ownership stake in Waterfront Corporate Center III in Hoboken, New Jersey. The deal, the terms of which remain undisclosed, creates a partnership between Mitsui Fudosan and SJP Properties, which developed and managed the building....
FeaturedRetail

MAPIC gets underway in Cannes

Linda O'Flanagan
by Linda O'Flanagan1910
It’s a tough job, but someone has to go to Cannes and find out what’s in store for the retail market. The 22nd edition of MAPIC- the global retail real estate market – just got underway at Palais des Festivals in Cannes, France. Over 8,000 executives from 74 different countries...
Opinion split on election’s real estate impact
Deals & DealmakersFeaturedResidential

Opinion split on election’s real estate impact

REW
by REW1731
Two days after Donald Trump beat Hillary Clinton to the presidency in an unexpected upset, the Real Estate Board of New York hosted a panel luncheon in the grand ballroom of the midtown Hilton Hotel, the very same spot from which Trump gave his victory speech on election night. The...
City considering street closures as part of East Midtown rezoning
Deals & DealmakersFeatured

City considering street closures as part of East Midtown rezoning

REW
by REW1398
The city is exploring closing down under-utilized streets in East Midtown as part of its plan to rezone the district. The possible closures, which are currently being evaluated by the city’s Department of Transportation, may lead to the creation of wider sidewalks and public plazas in the area. “We’re pushing...