Category : Featured

Adams and Co. renovating 4 Bryant Park, 2 other Manhattan towers
Deals & DealmakersFeatured

Adams and Co. renovating 4 Bryant Park, 2 other Manhattan towers

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Adams and Co. is renovating three of its Manhattan buildings, hoping the big updates will bring the buildings into the future. “We’re attempting to turn Class B into Class A,” said David Levy, principal of Adams and Co. “Now that the market is where it is and tenants are where...
Report: East New York rezoning may push out 50,000 residents
Deals & DealmakersFeatured

Report: East New York rezoning may push out 50,000 residents

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The East New York rezoning plan, which is part of the de Blasio administration’s effort to create or preserve 200,000 affordable housing units, may push out thousands of residents in one of the poorest areas in Brooklyn. According to an analysis from New York City Comptroller Scott M. Stringer, the...
Deals & DealmakersFeatured

Are ultra luxury apartments going out of style?

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In spite of Manhattan’s growing supply of luxury condominiums, there are signs that expensive apartments are starting to lose their appeal with buyers. According to Douglas Elliman’s third quarter report, the price per square foot in Manhattan hit a new record of $1,497. The biggest deal during the period was...
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Blackstone sells London Hotel NYC for $382M

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A midtown hotel has been purchased by an Abu Dhabi wealth fund for $382 million. The London Hotel NYC, located at 151 West 54th Street, between Sixth and Seventh Avenues, was purchased from the Blackstone Group earlier this month in a deal that translates to $678,000 per room for the...
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Sheldon Silver to appeal corruption conviction

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The day after he was convicted on corruption charges, former state Assembly speaker Sheldon Silver has vowed to appeal the verdict. “Weʼre obviously very disappointed and we had hoped the jury would see it our way,ˮ Steven F. Molo, one of Silver’s lawyers, told Real estate Weekly yesterday (Tuesday). “We...
New visa program may heat up NYC retail
Deals & DealmakersFeaturedRetail

New visa program may heat up NYC retail

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Despite worries about tourism numbers and some corridors experiencing rent weaknesses, experts see nothing but good things for the future of New York City’s retail scene. A new visa program that would allow Chinese visitors to stay in the US longer and a settling of price disconnects were among the...
Report: Lower Manhattan to have 40,000 more jobs by 2019
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Report: Lower Manhattan to have 40,000 more jobs by 2019

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The Alliance for Downtown New York today released a major economic report, citing Lower Manhattan’s surge in job growth and its immense significance for the region’s future economy. According to the report’s data and projections, Lower Manhattan will be one of the city and state’s most important centers of economic...
FeaturedResidential

New development townhomes trending in neighborhoods across Brooklyn

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In Brooklyn, developers are going back to basics, with new development townhomes popping up from Red Hook to Williamsburg, offering a more classic alternative to the shiny glass condo towers that dominate the residential scene. One of those new developments is Seven on State – a collection of seven high-end...
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Holiday season shopping already underway, according to city brokers

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Retail sales are expected to increase this year during the holiday shopping season, with several factors at play – but some brokers say the big spending has already begun. Cushman & Wakefield released a report earlier this month that predicts a 4.1 percent increase in sales during the holiday season...
WeWork signs lease for Downtown Brooklyn space
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WeWork signs lease for Downtown Brooklyn space

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Treeline, and its joint venture partner Long Wharf Real Estate Partners, have leased the top four floors at 195 Montague Street in downtown Brooklyn to space sharing giant, WeWork. Kraig Silver, executive vice president of Treeline, represented the owners in the 77,000 s/f deal, while Jonathan Serko, vice chairman of...