Category : Featured

New Airbnb rule doesn’t ban home-sharing, it targets scofflaws
FeaturedREBNY WatchViews

New Airbnb rule doesn’t ban home-sharing, it targets scofflaws

REW
by REW1150
BY REBNY President John Banks Thanks to Governor Andrew Cuomo, New York now has a strong new law that will protect affordable housing from illegal short-term rentals. There’s been quite a bit of misinformation about this issue and a lawsuit filed by Airbnb that may delay some common sense new...
Stuyvesant Town residents to get $450,000 in unclaimed lawsuit payouts
Deals & DealmakersFeatured

Stuyvesant Town residents to get $450,000 in unclaimed lawsuit payouts

REW
by REW4148
By Sabina Mollot Nearly 2,000 residents of Stuyvesant Town-Peter Cooper Village who were part of the lawsuit which proved apartments were illegally deregulated, will soon see another round of checks. Attorneys on the case against former owner Tishman Speyer said there is approximately $450,000 in unclaimed damages from the suit,...
FeaturedResidential

What tomorrow will look like on Manhattan’s new west side

REW
by REW1719
The first apartments in the newest neighborhood built in New York City just went on sale. And if early indications are anything to go by, the developers wonʼt be short on residents eager to live in the 28-acre, $20 billion Hudson Yards that is giving the city a new skyline. “There...
Office demand driving New York’s $40B construction boom
Deals & DealmakersFeatured

Office demand driving New York’s $40B construction boom

REW
by REW1150
With office building activity at a 25-year high, New York City construction spending is on course to break the $40 billion mark. Experts predict the building boom to continue through at least 2018. “While the non-residential sector has benefited from spending on hotels and hospitals, as well as colleges and...
Growing marijuana sector creating opportunities in commercial real estate
Deals & DealmakersFeatured

Growing marijuana sector creating opportunities in commercial real estate

REW
by REW1757
Industrial real estate is being shaken up by a growing marijuana industry. Panelists at a CREW New York event focused on the industrial real estate sector during the organization’s annual convention held at the Midtown Hilton last week, said the business is among the most fascinating and complex trends underway...
Featured

Executives say Trump presidency would be bad for REITs

REW
by REW1140
Donald Trump, with his warnings of a “big, fat, ugly bubble,” has sold himself as the messiah of the American economy. However, there are signs that his peers predict uncertainty in the markets due to his possible ascendancy to the highest office in the land. “I’m gonna go with the consensus,”...
City Council debates retail’s ‘high rent blight’ dilemma
FeaturedRetail

City Council debates retail’s ‘high rent blight’ dilemma

REW
by REW1512
By Sabina Mollot The ongoing saga of New York City’s mom-and-pops facing extinction was the topic du jour at the City Council hearing devoted to possible solutions. There were suggestions from Council members on ideas like restricting the ability of chains from opening (though this was shot down by city...
Featured

Pebblebrook takes control of two Manhattan hotels

REW
by REW979
Pebblebrook Hotel Trust has taken full ownership of two hotels in Manhattan. The firm, which assumed control of the properties by redeeming its 49 percent interest in a joint venture with Denihan Hospitality Group, now owns Affinia Manhattan NYC at 371 7th Avenue and the Affinia Dumont NYC at 150...
FeaturedREBNY WatchViews

Trans-Hudson commuter report brings us step closer to solution

REW
by REW1014
By REBNY President John Banks The Port Authority’s latest report, the “Trans-Hudson Commuting Capacity Study,” is the result of a yearlong study to evaluate strategies for meeting and managing the anticipated increase in trans-Hudson commuter demand. As New York City employment continues to grow and an increasing share of employees...