Category : Featured

FeaturedResidential

Lightstone barging ahead with rental building by the old canal

REW
by REW1323
The Gowanus Canal, a the 1.8 miles waterway in South Brooklyn, has long been derided as an eyesore due to its status as one of the most polluted bodies of water in the United States. It is a government-designated Superfund site, and more than $500 million has been earmarked for...
Featured

“Memo of understanding” needed for 421a says Korngold

REW
by REW1915
421a is a necessity but it’s fate remains an uncertainty, said Paul J. Korngold, partner at Tuchman, Korngold, Weiss, Leibman & Gelles, while addressing the a B’nai B’rith Real Estate luncheon last week at the Cornell Club in Midtown. “What happened most recently was that, when the 421a law was...
Featured

Coldwell Banker reasserting itself with renewed national push

REW
by REW1348
The nation’s two largest Coldwell Banker Commercial affiliates have merged to establish a national platform and “revitalize” the brand. Coldwell Banker Commercial Advisors (CBC Advisors) acquired all Coldwell Banker Commercial Alliance (CBC Alliance) office locations and assets, giving them a foothold in seven markets, including New York. Lew Cramer, president...
Featured

Port Authority back-tracks on official Oculus opening

Linda O'Flanagan
by Linda O'Flanagan1271
The Port Authority is planning to hold an official opening ceremony for the World Trade Center Transportation Hub Oculus after all. A week after the iconic centerpiece of the sprawling transit facility opened without any fanfare, the Port’s Board of Commissioners said an official ceremony would be arranged as the...
The Social Network: Government and private sector focus on “social infrastructure”
Featured

The Social Network: Government and private sector focus on “social infrastructure”

REW
by REW1339
The collaboration between government and the private sector has taken a more social turn. Public private partnerships, once forged mainly for infrastructure projects, have now expanded to benefit society in a different way, resulting in the creation of “social infrastructure” such as housing, education and healthcare. “You have this partnership...
Industry veteran Todd Korren continues to move things forward
Deals & DealmakersFeatured

Industry veteran Todd Korren continues to move things forward

REW
by REW1733
As February came to a close, Todd Korren, principal and chief operating officer of EVO, met with Real Estate Weekly at the firm’s 40th & Broadway offices. During a thorough discussion of Manhattan’s office climate, Korren paused to point out the NAI Global member’s surroundings. “Manhattan is known as the...
View from the top: 2016 about recalibration
Deals & DealmakersDebt & EquityFeatured

View from the top: 2016 about recalibration

REW
by REW1934
By Amanda Marsh RXR Realty CEO and chairman Scott Rechler hangs a sign by his office door, which he changes out each quarter to inspire the people in his organization. The current sign reminds them to “Regularly Recalibrate, Calibrate Reality.” He explains: “Reality is changing every day, and you need...
Construction & DesignFeatured

Engineers brace for driverless car craze, warn governments to ready roads

REW
by REW1013
As human drivers trudge towards becoming obsolete, the roads that cars have battered since the Model T remain stuck in the early 1900s. WSP | Parsons Brickerhoff, an engineering and professional services firm, is proposing an upgrade, releasing a guide for instituting policy and infrastructure updates to accommodate the coming...