Category : Featured

Rudin: Strong outer boroughs to boost core city market
Deals & DealmakersFeatured

Rudin: Strong outer boroughs to boost core city market

REW
by REW1494
While many expect New York City’s real estate market to slow down in 2016, Bill Rudin, the vice chairman and CEO of commercial real estate firm Rudin Management, remains optimistic about the city’s prospects, pointing to the growing strength of the outer boroughs and the swelling ranks of young workers....
Cuomo, De Blasio unite on worries over expiration of 421-a
Deals & DealmakersFeatured

Cuomo, De Blasio unite on worries over expiration of 421-a

REW
by REW1431
Governor Andrew Cuomo and Mayor Bill de Blasio haven’t agreed on a lot of things recently. They’ve sparred on issues involving income inequality and education publicly, exposing a rift within the state’s Democrats. Now, however, the two have united in mourning the demise of the 421-a tax abatement program, thereby...
FeaturedResidential

Real estate maven goes from Mad Max to million dollar listings

REW
by REW1356
From an early age, Klara Madlin Real Estate’s co-owner and partner, Ann Ferguson, has learned how to adapt to different environments. Ferguson was born in South Africa, grew up on the island of Bermuda, and attended boarding school in England. She first came to the U.S. when she attended college at...
The bucks stop here as Treasury tries to head off the bad guys
Featured

The bucks stop here as Treasury tries to head off the bad guys

REW
by REW1455
Manhattan luxury apartment buyers can run, but they canʼt hide — unless they have oodles of cash and the chutzpah to work through the loopholes in new government orders aimed at stopping crooks hiding behind LLCs. Lawyers examining a new order issued by the Treasury Department requiring title companies to...
Featured

Macyʼs braced to cash in on its top shelf real estate

REW
by REW1665
Macyʼs has hired Eastdil Secured to help leverage its valuable real estate to prop up its bottom line. The department store chain has been under pressure to enter into joint ventures for its stores, including its flagship Herald Square store, worth an estimated $4 billion. The Wall Street Journal reported...
Cuomo’s infrastructure plan to cost $100B, generate 250,000 jobs
Deals & DealmakersFeatured

Cuomo’s infrastructure plan to cost $100B, generate 250,000 jobs

REW
by REW1541
Days after Governor Andrew Cuomo unveiled the most ambitious infrastructure plan in the state’s history, the powerful New York Building Congress honored him as an innovator with his eye on the goal. “Many public officials have crossed our path in the Building Congress’ 95-year history, and we are confident that...
Deals & DealmakersFeatured

Developer raising Times Square theater 29 feet to create retail space

REW
by REW3199
The curtain is about to go up on some construction wizardy on Broadway. Maefield Development plans to raise the Nederlander Organizationʼs Palace Theater at 1568 Broadway and create a 10,000 s/f retail grotto underneath it that could generate millions of dollars in rent. “We believe Times Square is the most...
Futterman unveils 25,000 s/f retail showcase at former Sony Building
FeaturedHeadlineRetail

Futterman unveils 25,000 s/f retail showcase at former Sony Building

Linda O'Flanagan
by Linda O'Flanagan3678
The Chetrit Group has tapped RKF to bring 25,000 s/f of retail space at the former Sony Building at 550 Madison to market. Sony will relocate from its U.S. headquarters space at 550 Madison Avenue in early 2016. The company is set to take over a 525,000 s/f lease at...
Debt & EquityFeaturedHeadline

Real estate finance leaders predicting a happy new year

REW
by REW1939
Commercial real estate finance industry leaders expect the market to remain favorable in 2016, with ample credit and capital available to meet borrower demand for new loans and refinancings, according to an annual survey of Commercial Real Estate Finance Council members released on Monday. The CRE Finance Council is the...