Category : Featured

Mount Sinai to sell Beth Israel stock, create new hospital network

REW June 1, 2016 June 1, 2016

by REWJune 1, 2016June 1, 20161923

By Sabina Mollot Mount Sinai is set to sell off the last remnants of the former Beth Israel hospital as it works to create a smaller, more efficient network of hospital facilities to serve downtown Manhattan. The hospital confirmed last week that the main campus on First Avenue and 16th...

Deals & Dealmakers Featured

$4B LaGuardia Airport redevelopment to be finished by 2022

REW June 1, 2016 June 1, 2016

by REWJune 1, 2016June 1, 20163688

The Port Authority of New York and New Jersey and private consortium LaGuardia Gateway Partners have signed a lease agreement and closed on financing for the $4 billion redevelopment of LaGuardia Airport’s Central Terminal B. The project will create a new 35-gate Terminal B, which will be adjacent to the...

Deals & Dealmakers Featured

RXR Realty, China Life pay $1.65B for 1285 Avenue of the Americas

REW June 1, 2016 June 1, 2016

by REWJune 1, 2016June 1, 20162993

A consortium that includes RXR Realty and Chinese life insurance provider China Life has bought 1285 Avenue of the Americas for $1.65 billion. The deal, one of the biggest office transactions in the city so far this year, comes as Swiss investment bank UBS renews its lease in the property....

REW TV at ICSC RECon: Douglas Elliman’s Faith Hope Consolo on retail trends

REW May 26, 2016 May 26, 2016

by REWMay 26, 2016May 26, 20161409

Faith Hope Consolo remains optimistic about retail, saying that owners and developers remain eager to close deals. “This year, I see a lot of energy. I know that retail has suffered a little bit, got a little banging from Wall Street. But I’m finding the owners and the developers are...

Construction & Design Featured

WATCH: Time-lapse video of the WTC Oculus construction over 5 years

REW May 25, 2016 May 25, 2016

by REWMay 25, 2016May 25, 20162128

EarthCam just released a time lapse video of construction of The Oculus, NYC’s new transportation hub in Lower Manhattan. The video captures construction of the transit hub designed by famed architect Santiago Calatrava from July 2011 to May 2016, in honor of the ribbon cutting ceremony that will be held tomorrow, May...

REW TV at ICSC RECon: Paul Travis, Christopher Conlon give an update on City Point in Brooklyn

REW May 24, 2016 May 24, 2016

by REWMay 24, 2016May 24, 20162094

Paul Travis of Washington Square Partners and Christopher Conlon of Acadia Realty Trust, whose firms have partnered to develop the City Point project, provided an update on the retailers coming to the Downtown Brooklyn property. “We have great anchors. We have Century 21 coming back to Brooklyn where they started to do...

REW TV at ICSC RECon: JRT Realty’s Jodi Pulice on outer borough retail

REW May 24, 2016 May 24, 2016

by REWMay 24, 2016May 24, 20161331

Jodi Pulice, the founder and CEO of JRT Realty, considers the outer boroughs as the hottest trend in real estate right now. “The outer boroughs are very hot. You know, some of the retailers that have never really been out there are all moving out there. You know, they’re taking...

Featured

Midtown malady canʼt take shine off NYC office leasing

REW May 21, 2016 May 21, 2016

by REWMay 21, 2016May 21, 20163597

Midtown Manhattan, the haven of aging office towers filled with banks and law firms, received a bleak diagnosis from the city’s real estate experts. According to office leasing experts speaking during the Real Estate Weekly Women’s Forum, the area is set to become the “cheap alternative” as tenants continue to...

Deals & Dealmakers Debt & Equity Featured

Finance experts see investment strategies adapting to global uncertainty

REW May 18, 2016 May 18, 2016

by REWMay 18, 2016May 18, 20162159

By Amanda Marsh As commercial real estate’s future becomes less clear, private equity players are shifting strategies and expectations to make the most of today’s market. Real Estate Weekly and EisnerAmper gathered four top executives to discuss their outlook at the annual Women’s Forum, held at the New York City...

Deals & Dealmakers Featured

Stringer: NYC’S low wage job gains not enough to grow economy

REW May 18, 2016 May 18, 2016

by REWMay 18, 2016May 18, 20161728

Strong gains in private-sector payroll jobs helped New York City’s economy grow by an estimated 3.4 percent during the first quarter of 2016, significantly faster than the national economy according to a Quarterly Economic Update released by New York City Comptroller Scott M. Stringer. However, signs of a cooling economy...