Category : Featured

Deals & DealmakersFeatured

The Washington Post takes full floor in Flatiron

REW
by REW1513
The Washington Post has leased a new office in the Flatiron District, a space that will eventually consolidate two other offices the newspaper operates and become the New York City headquarters. Earlier this month, the newspaper signed a 10-year lease for the top floor at 20 W. 22nd Street, a...
Brokers, developers spread their wings with private jet service
FeaturedResidential

Brokers, developers spread their wings with private jet service

REW
by REW1495
New York’s luxury market offers an exponential amount of opportunity to residential brokers who want to make a name for themselves. The way that those who are successful navigate the pitfalls and obstacles of the market might even suggest they have super powers. While that might be a stretch, several...
Only way is up for dealmaker Shkury
Deals & DealmakersFeatured

Only way is up for dealmaker Shkury

REW
by REW1683
It’s often said that the road to success is typically not a straight path, but rather it is one that navigates unexpected twists and turns. Shimon Shkury, the founder and president of Ariel Property Advisors, was drawn to real estate at an early age. Despite his fondness for the industry...
Deals & DealmakersFeatured

Survey: Gen X workers like communal spaces, living in the suburbs

REW
by REW1791
What do Generation X workers want? According to a new report, their preferences are an amalgam of the desires of baby boomers and millennials. In a new survey entitled “The Gen X Factor: Stuck in the Middle or Best of Both Worlds,” commercial real estate firm Transwestern outlined the views...
Deals & DealmakersFeatured

Survey: Talent trumps cost as real estate decision driver

REW
by REW1339
A new survey of corporate executives underscores a major shift in how companies are making real estate decisions today, with more than half saying that talent now trumps cost as the top strategic consideration. Of the 229 executives surveyed by CBRE Group, Inc., 50 percent named talent availability as the...
Class C a sweetspot for downtown rents
Deals & DealmakersFeatured

Class C a sweetspot for downtown rents

REW
by REW1433
The well documented demand for commercial space throughout all of Manhattan has allowed areas such as downtown to see significant increases in value. The newfound strength of the area was discussed last week during The Keys to the Future of New York Real Estate panel which was held at New...
Council approves housing plan amid angry protests
Deals & DealmakersFeatured

Council approves housing plan amid angry protests

REW
by REW1512
The New York City Council approved two controversial zoning proposals this afternoon as opponents were dragged yelling from the chambers. Following months of revisions, the two biggest components of Mayor de Blasio’s affordable housing initiative, Zoning for Quality and Affordability (ZQA) and Mandatory Inclusionary Housing (MIH) were both passed in a...
FeaturedResidential

Calls made for change as NYC is ranked worst city to retire

REW
by REW1237
The astronomical cost of living and less-than-competitive tax rates have not hampered New York’s ability to attract millennials and young professionals. The city’s culture, coupled with its relatively robust employment opportunities, keep the fires of younger demand stoked. But while the greater New York area may be an ideal spot...
Housing demand fuels construction cost hike
Construction & DesignFeatured

Housing demand fuels construction cost hike

REW
by REW1843
New York City’s climbing construction costs are a harbinger of the strongest new residential demand in over half a century, according to New York Building Congress President Richard T. Anderson. An NYBC report released today (Wednesday), shows that costs rose at twice the national rate over the course of 2015...
Vacant building at 216 Bowery sold for $13M
Deals & DealmakersFeatured

Vacant building at 216 Bowery sold for $13M

REW
by REW1564
The sale of a vacant Lower East Side building may set a new price range for the area. According to commercial real estate firm Eastern Consolidated, 216 Bowery, a 25 ft. wide property with 4,900 s/f of space, just sold for $13 million, or over $2,650 per s/f. The price...