Category : Featured

Elections making skittish investors pull back from real estate tech
Deals & DealmakersFeatured

Elections making skittish investors pull back from real estate tech

REW
by REW1476
The effect of election years on real estate is well documented, with experts offering varying degrees of alarm when it comes to declining property values. However, its impact on one growing corridor of the real estate industry has been mostly ignored. According to Nick Romito, the founder and CEO of...
Report: Flatiron office rents grew by 78% over the past decade
Deals & DealmakersFeatured

Report: Flatiron office rents grew by 78% over the past decade

REW
by REW1475
The Flatiron District, known for its 1903 Beaux-Arts landmark and foodie amenities, has quietly become one of the most expensive office markets in the city. According to the Flatiron/ 23rd Street Partnership’s latest annual “Flatiron: Where Then Meets Now” report, asking rents for Class A and Class B office spaces...
SL Green breaks ground for new city landmark
Construction & DesignDeals & DealmakersFeatured

SL Green breaks ground for new city landmark

REW
by REW1876
SL Green broke ground yesterday (Tuesday) on One Vanderbilt Avenue, the 58-story skyscraper next to Grand Central Terminal that will become one of the tallest buildings in New York City. At a press conference to mark the occasion, Mayor Bill de Blasio, Congresswoman Carolyn Maloney, SL Green CEO Marc Holliday...
FeaturedResidential

Meet the city’s best next door neighbor

REW
by REW2777
How one developer is anticipating his residents’ every need As I approach the entrance to the Four Seasons Residences, on the corner of Park Place and Church Street in Lower Manhattan, the door swings open and a friendly doorman greets me and asks me who I am there to see....
First phase of $500M Mount Sinai Beth Israel renovations launched
Deals & DealmakersFeatured

First phase of $500M Mount Sinai Beth Israel renovations launched

REW
by REW1104
Mount Sinai Health System announced the start of the first phase of its more than $500 million project to rebuild Mount Sinai Beth Israel (MSBI) and create the new “Mount Sinai Downtown” network. The new network will consist of expanded and renovated outpatient facilities at three major sites with more...
WeWork exec says Jersey City not cool enough for his firm
Construction & DesignFeatured

WeWork exec says Jersey City not cool enough for his firm

REW
by REW1609
Co-working giant WeWork has made headlines for its ambitious growth plan. Last year, co-founder Adam Neumann told the crowd at a real estate panel that the company was looking to take 30 million s/f in the next five years. But despite the fact that the firm seems to be taking...
Deals & DealmakersFeatured

Felix Sater says he’s being shaken down with $250M suit over Trump projects

REW
by REW1753
A new complaint has emerged accusing East River Partners co-founder Jody Kriss of of being involved in a “billion-dollar shakedown” through his former lawyers Frederick Oberlander and Richard Lerner. The case, which was filed Monday in New York Superior Court, said that Kriss was complicit to “bizarre” and “bogus” claims...
Deals & DealmakersFeatured

Co-living firm Ollie arrives in Jersey City

REW
by REW1971
New York City (NYC) based co-living specialist, Ollie, has signed a master lease to operate the first all-inclusive co-living concept to New Jersey. The company signed a lease with developer Namdar Group at 87 Newkirk Street in the Journal Square neighborhood. Ollie will be operating the 129,500 s/f, ground-up, mixed-use...
Deals & DealmakersFeatured

Trader Joe’s to open at Essex Crossing on the Lower East Side

REW
by REW1263
Grocery chain Trader Joeʼs announced it will open a store at the massive Essex Crossing development on the Lower East Side. The retailer signed a lease to with Delancey Street Associates, the joint venture of L+M Development Partners, BFC Partners and Taconic Investment Partners that is building the new Essex...
City says it won’t intervene on pricing of East Midtown air rights
Deals & DealmakersFeatured

City says it won’t intervene on pricing of East Midtown air rights

REW
by REW1492
The city’s rezoning proposal has put 3.5 million s/f of air rights in play in East Midtown. It’s still unclear how the deluge will affect the air rights market in the district. However, the city is taking a hands-off approach on pricing, diverging from an earlier plan of setting a district-wide...