Category : Featured

Construction & DesignFeatured

American Dream mall a costly nightmare

REW
by REW2054
American Dream Mall developer Triple Five is working to secure a $2.65 billion financing package to finish the beleaguered project. The deal would make the Meadowlands development — first started in 2003 — one of the most expensive retail projects ever. The family-owned Triple Five development firm took over what...
Deals & DealmakersFeatured

Paul Massey makes mayoral run official

REW
by REW982
Cushman & Wakefield’s Paul Massey has officially announced that he is running for mayor of New York City. The former CEO of Massey Knakal, the eponymous real estate firm founded by Massey and partner Bob Knakal in 1988, announced August 5 he was filing paperwork with the New York City...
Developers look to draw renters to Staten Island with “Urby” development
FeaturedResidential

Developers look to draw renters to Staten Island with “Urby” development

REW
by REW2318
Farmer-in-residence. Chef-in-residence. Filtered water station in the mail room. A beehive colony on the roof. Outdoor pool. On-site parking garage. It seems that residential developers in New York City are in an arms race to constantly find new ways to top one another with creative building amenities. But one building is...
WeWork eyes corporate clients with new broker program
Deals & DealmakersFeatured

WeWork eyes corporate clients with new broker program

REW
by REW1238
As office landlords explore ways to compete with co-working spaces, WeWork is going the opposite direction. The shared office provider is going the traditional route, enlisting the help of real estate brokers to grow its tenant headcount. The company has just revamped its relationship with real estate brokers, offering more...
Deals & DealmakersFeatured

18-month long L train shutdown sparks retail worries

REW
by REW1506
The Metropolitan Transit Authority has announced that it will shut down the portion of the L train that runs between 14 Street in Chelsea and Bedford Avenue in Williamsburg for 18 months. The plan, which will close down one of the most crowded train lines in the city, is expected...
Brooklyn is hotspot of summer leasing
Deals & DealmakersFeatured

Brooklyn is hotspot of summer leasing

REW
by REW1155
Leasing activity in Midtown and Midtown South is slowing down as office tenants continue to cross the East River to Brooklyn. According to CBRE’s second quarter 2016 Office MarketView report, leasing activity in two of Manhattan’s largest office markets declined drastically compared to the same period last year. During the...
Foreign homebuyers’ retreat from U.S. properties may only be temporary
FeaturedResidential

Foreign homebuyers’ retreat from U.S. properties may only be temporary

REW
by REW1542
With the one-two punch provided by the strong dollar and the volatility in financial markets, the United States’ appeal to foreign homebuyers was expected to wane. Experts who stand on the doom and gloom side of market outlook gained some solid backing last week in the form of the National...
Deals & DealmakersFeatured

Greenburger beating the odds in real estate risk game

REW
by REW2203
When asked to reflect on the 50th anniversary of his real estate firm, Time Equities’ founder and CEO Francis Greenburger is modest. “There were some tough moments and some exhilarating great moments, a lot of them,” he told Real Estate Weekly. “Overall, very very positive.” At his art-laden office near...
WKOʼs answer to co-working conundrum: If you canʼt beat ʼem, join ʼem
Featured

WKOʼs answer to co-working conundrum: If you canʼt beat ʼem, join ʼem

REW
by REW1921
In an effort to cut into the tenant pool for co-working spaces, the William Kaufman Organization has implemented its own short-term leasing model at 767 Third Avenue in Midtown. The move, which may provide traditional office landlords a model for luring tenants away from co-working spaces like WeWork and The...
Deals & DealmakersFeatured

Landlords sue to overturn New York City rent freeze

REW
by REW1502
The city’s biggest landlord organization is looking to build a winning streak in the courts as it sues the Rent Guidelines Board over its decision to enact a rent freeze. The Rent Stabilization Association, which represents 25,000 landlords of one million rent-stabilized apartments across the city, has lodged a lawsuit...