Category : Featured

New York City helping out its neighbors
Deals & DealmakersFeatured

New York City helping out its neighbors

REW
by REW942
New York’s office market is strong, and thus it’s not surprising that its neighbors are also benefiting from that strength. While Hoboken and Jersey City are the trendier Garden State locales grabbing the headlines, it was the mini-metro further removed from the Hudson that was the focus of discussion at...
Deals & DealmakersFeatured

Chinese investors avoiding areas with many rent regulated apartments

REW
by REW1636
Over the past few years, Chinese investors have been aggressive in commandeering New York City real estate. In 2014, the country accounted for about $6 billion in investments in US properties. Out of that total, about three-fourths flowed towards Manhattan. Even a stock market plunge has not been able to...
The Room Ring takes roommate hunting the way of online dating
Deals & DealmakersFeatured

The Room Ring takes roommate hunting the way of online dating

REW
by REW1487
At any given time, New York City and the surrounding area holds about 10 million people. It’s a vast place with countless attractive neighborhoods, abundant employment opportunities, and a multitude of rooms for rent. For these reasons, it continues to draw in countless professionals, many of whom are not equipped...
Target to open store in Lower Manhattan
Deals & DealmakersFeatured

Target to open store in Lower Manhattan

REW
by REW1225
Minneapolis-based retailer Target has just signed a lease for a new Downtown store at 255 Greenwich Street. The deal, announced by real estate firm Jack Resnick and Sons, allows the company to establish its first store in Lower Manhattan. The new store, which occupies a total of 48,242-square-feet of space...
Banking powerhouse accuses Fed of misleading Americans
Debt & EquityFeatured

Banking powerhouse accuses Fed of misleading Americans

REW
by REW1135
William Rhodes, a retired senior vice chairman and senior international officer at Citigroup and Citibank, urged the Federal Reserve to make a move on interest rates, saying that the agency has “misled people” with their indecisiveness. “Every governor in the Fed feels they have to have a press conference once...
Study puts builders’ tax under the spotlight
Deals & DealmakersFeatured

Study puts builders’ tax under the spotlight

REW
by REW1250
A new study on the 421a tax program suggests that affordable housing could suffer a substantial blow in at least certain sections of the city, should developers not be enticed to invest and build there. “Our financial modeling finds that, without a tax exemption or some other form of public...
Life-changing moment for veterans in the Bronx
Deals & DealmakersFeatured

Life-changing moment for veterans in the Bronx

REW
by REW1131
On a dreary Thursday morning last week, Ron Abad and the staff at Urban Pathways, as well as members of the community and media, attended a ribbon-cutting ceremony for a new 43-unit building in the South Bronx that will exclusively house homeless veterans. But the drizzly weather couldn’t dampen the...
Deals & DealmakersFeatured

Real estate leaders show no fear of overbuilding

REW
by REW1108
Even in a surging office market, worries about overbuilding New York City office space persists, driven by the frenetic leasing activity of co-working spaces and the wealth of office buildings coming to the market. According to mid-year statistics from Cushman & Wakefield, the office vacancy rate in Manhattan was at...
Deals & DealmakersFeatured

Kaufman reveling in rebirth of long-neglected portfolio

REW
by REW1989
Sometimes in commercial real estate, it all comes down to timing. Two years ago, Gary Barnett’s Extell Development acquired the Ring Portfolio — a dozen loft-style office buildings in the Nomad/Midtown South area. Most of the buildings were completely vacant, and many were zoned for potential residential conversion. In April...