Category : Featured

Next to marrying my wife, buying the Lee Building was best decision I ever made, says Eugene Giscombe

REW January 6, 2016 January 6, 2016

by REWJanuary 6, 2016January 6, 20162013

Veteran real estate player Eugene Giscombe said this week that, next to marrying his wife, buying the historic Lee Building in Harlem was the best decision he ever made. The founder and principal of Giscombe Realty Group paid $40,000 for the 12-story office building at 1825 Park Avenue in 1979....

Deals & Dealmakers Featured Headline

Insiders predict market correction during 2016

REW January 6, 2016 January 6, 2016

by REWJanuary 6, 2016January 6, 20161608

After two years without a hangover to nurse as the new year rolls in, several of New York’s biggest real estate players agree that 2016 may require a bit more aspirin to get through. However, they tend to agree that a relaxed market may not be cause for concern. “The...

Featured Headline

Builders back ‘common senseʼ zoning plan in letter to planning boss Carl Weisbrod

REW January 5, 2016 January 5, 2016

by REWJanuary 5, 2016January 5, 20162449

Some of the cityʼs most prolific apartment builders and designers have given Mayor de Blasio’s Zoning for Quality and Affordability (ZQA) and Mandatory Inclusionary Housing (MIH) zoning proposals a big thumbs-up. In a letter to City Planning Commission Carl Weisbrod in support of the proposed legislation, they say it will...

Featured Headline Residential

Manhattan apartments smash through the $1M barrier

REW January 5, 2016 January 5, 2016

by REWJanuary 5, 2016January 5, 20161128

For the first time in history, the median price of a Manhattan apartment has topped $1.2 million. In the fourth quarter of 2015, prices reached an all-time record, according to residential brokerage firm, Compass. The number reflects a 17 percent increase over the 2015 third quarter median price of $1...

Deals & Dealmakers Featured Headline Retail

Bronx braced for a retail boom as prices draw developers to an untapped market

REW December 30, 2015 December 30, 2015

by REWDecember 30, 2015December 30, 20152126

The Bronx ended the year at the top of the heap when it comes to real estate investment and development. The borough experienced a 132 percent bump in dollar volume of multifamily investment sales, with $167,290,000 in deals in October according to a report from Ariel Property Advisors. And the Center...

Construction & Design Featured Headline

REBNY dismisses demand for supertall building moratorium

REW December 30, 2015 December 30, 2015

by REWDecember 30, 2015December 30, 20151541

The Real Estate Board of New York has dismissed a new report slamming New York Cityʼs newest generation of skyscrapers. “The latest generation of tall, slender and mostly residential towers positively contributes to our city architecturally, economically and environmentally,ˮ said John Banks, president of the Board. “These new additions to...

Construction & Design Featured Green Building Headline

LEED-approved Javits Center drawing crowds – and flocks

REW December 29, 2015 December 29, 2015

by REWDecember 29, 2015December 29, 20151859

New York’s Javits Center has achieved LEED Silver certification from the U.S. Green Building Council. Convention Center Operating Corporation president and CEO Alan Steel announced the certification was awarded following the completion of a massive renovation. Located on Manhattan’s West Side, the Javits Center is considered the busiest convention center...

Deals & Dealmakers Featured Headline Retail

Brewer vows to make 2016 the year of the mom-and-pop shop

REW December 29, 2015 December 29, 2015

by REWDecember 29, 2015December 29, 20151316

By Sabina Mollot Manhattan Borough President Gale Brewer has promised to make 2016 the year of the mom-and-pop shop. Nine months after proposing new legislation she believes will throw a lifeline to an estimated 1,000 small businesses forced out of their premises by steep rent increases, Brewer said she now...

Deals & Dealmakers Featured Headline

Chain stores go for quality, not quantity as growth slows in NYC

REW December 29, 2015 December 29, 2015

by REWDecember 29, 2015December 29, 20151234

The nation’s chain stores have slowed their expansion in New York City, according to the Center for an Urban Future. The eighth annual edition of the organization’s State of the Chains study, which ranks the national retailers with the most store locations in New York City, found that the rate...

Featured Residential

From the silly to the sensible, New York agents share their holiday gift lists

REW December 25, 2015 December 25, 2015

by REWDecember 25, 2015December 25, 20151092

While the weather doesn’t seem to think so, the holiday season is upon us once more. Odds are, your childhood memories of this time of year involve a bit more snow and chillier temperatures than the 2015 version. In fact, your youthful holiday wish lists probably differed a bit from...