Category : Featured

Deals & DealmakersFeatured

The top 5 CRE sales in NYC for March

REW
By Reonomy In March, we saw a number of large multifamily transactions in Manhattan, continued Chinese investment, and further interest in Brooklyn’s Navy Yard area. Number 1: 80 South Street & 163 Front Street @ $390 million Sales Price: $390 million Buyer: China Oceanwide Holdings Seller: Howard Hughes Corp Neighborhood: Financial District Property Type: Office;...
It’s Earth Day: BOMA has 7 things owners can do to make their buildings greener
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It’s Earth Day: BOMA has 7 things owners can do to make their buildings greener

REW
This year, the Earth Day Network has unveiled the first of five large undertakings that will count down to the 50th  anniversary of Earth Day in 2020. Task  number one is to plant 7.8 billion trees to help mitigate climate change and pollution, protect biodiversity and support communities. In keeping with the “Trees for...
Deals & DealmakersFeatured

Retail doyenne Laura Pomerantz has the road map to success

REW
Cushman & Wakefield’s Laura Pomerantz grew up surrounded by fashion. A native of Miami Beach, Florida, Pomerantz’s father was a specialty store retailer, and one of the initial tenants in the Bal Harbour Shops, an internationally known luxury shopping complex. When she attended college, Pomerantz studied fashion merchandising and commercial...
Ingenious dealmakers leave their mark on New York City
Deals & DealmakersFeatured

Ingenious dealmakers leave their mark on New York City

Linda O'Flanagan
The annual Ingenious Dealmakers awards last week showcased a slew of real estate deals that will have a lasting impact on the city’s healthcare and tech sectors. Justin DiMare led the NGKF team that took home the first place Henry Hart Rice Achievement Award for arranging a land swap deal...
Been on 421a: ‘We’re waiting to see what the governor comes up with to rescue this mess’
Deals & DealmakersFeatured

Been on 421a: ‘We’re waiting to see what the governor comes up with to rescue this mess’

REW
Vicki Been, the commissioner of the city’s Housing Preservation and Development department, refrained from subtleties when asked about the demise of the 421-a tax abatement program. She blamed Governor Andrew Cuomo for the expiration of the tax break, and she expected him to come up with a solution for the...
Hines building 15-story apartment tower for seniors in Midtown East
Deals & DealmakersFeatured

Hines building 15-story apartment tower for seniors in Midtown East

REW
Development giant Hines has formed a joint venture with capital partner, Welltower Inc., to build a 15-story apartment tower for New Yorkʼs senior citizens. The existing commercial buildings on the site, a two-story corner retail building and a separate five-story office building with multi-level retail, at 139 East 56th Street,...
REW TV: Lightstone Group’s Mitchell Hochberg talks Bond St. project, Brooklyn prospects
Deals & DealmakersFeatured

REW TV: Lightstone Group’s Mitchell Hochberg talks Bond St. project, Brooklyn prospects

REW
Mitchell, Hochberg, the president and chief operating officer of development firm Lightstone Group, is keeping mum about his firm’s prospects in Brooklyn. “I think I’d like to keep the secret sauce to ourselves right now,” he said when asked possible targets in the borough. Nonetheless, Lightstone is busy outside of...
Deals & DealmakersFeatured

Santander Bank coming to Flatbush Avenue, Mott Haven

REW
Spanish firm Santander Bank is expanding its footprint in the outer boroughs. The company has just signed a 10-year lease at 893 Flatbush Avenue, bringing its total number of branches in the borough to 21. The bank is taking 2,000 s/f of space in the two-story building. The deal closed...
East New York rezoning plan sails through City Council vote
Deals & DealmakersFeatured

East New York rezoning plan sails through City Council vote

REW
A controversial rezoning plan for Brooklyn’s East New York neighborhood has just been approved by the New York City Council’s Committee on Land Use. The proposal, which sailed through with a vote of 18-1, generated glowing reviews from council members. “I’ve never seen affordability this low,” said council member Antonio...