Category : Featured

Veteran sales broker Matt Sparks makes every investment deal count

REW November 5, 2015 November 5, 2015

by REWNovember 5, 2015November 5, 20151522

Matt Sparks is not a typical numbers man. Sparks, who works as a senior director at real estate investment firm Eastern Consolidated, has mounted a long-standing resistance against a life spent behind a desk, which is the usual fate of men of his ilk. Sparks, who graduated with a degree...

Deals & Dealmakers Featured

Ad firm doubles space at 1WTC as report hails redevelopment as good investment

Linda O'Flanagan November 4, 2015 November 4, 2015

by Linda O'FlanaganNovember 4, 2015November 4, 20151311

Mobile advertising company xAd is doubling its office space at 1 World Trade Center. The Durst Organization announced the lease for the entire 61st floor of the building in a statement detailing a total of 12 leases signed at the Western Hemisphere’s tallest building since it opened one year ago....

Deals & Dealmakers Featured

Committee bares plan to coax best out of Midtown East

REW November 4, 2015 November 4, 2015

by REWNovember 4, 2015November 4, 20151540

A committee tasked with creating a plan to improve the Midtown East neighborhood has issued its recommendations for rezoning the area around Grand Central station. The East Midtown Steering Committee, led by Manhattan Borough President Gale Brewer and Council Member Dan Garodnick, has come up with a framework that aims...

Featured REBNY Watch

Real estate industry must be part of solution to end veteran homelessness

REW November 3, 2015 November 3, 2015

by REWNovember 3, 2015November 3, 20152239

By John Banks, president, REBNY As Veterans Day approaches, consider that there are nearly 900 homeless veterans in New York City. In 2010, the United States Interagency Council on Homelessness introduced a plan to end veteran homelessness by the end of 2015. The City has launched a program called “Mission Home”...

Featured Residential

REBNY sprinkles a little magic dust during annual awards night

REW October 29, 2015 October 29, 2015

by REWOctober 29, 2015October 29, 20151297

REBNY’s 27th Annual Residential Deal of the Year Charity and Awards Gala last night was officially a magical affair as the board honored 15 of New York City’s most outstanding residential dealmakers before a crowd wowed by clever conjurers. Celebrating with the theme REBNYMagic, the Real Estate Board of New York also introduced a new...

Construction & Design Featured

New report warns New York will have plenty of apartments, but no roads or rails to get people there

REW October 29, 2015 October 29, 2015

by REWOctober 29, 2015October 29, 2015992

In a year that has seen private sector builders reach “epic” levels of spending, New York’s powerful Building Congress has chided the public sector’s lack of investment in vital infrastructure projects. “It is remarkable that New York City is poised to reach such heights in spending in a year in...

Deals & Dealmakers Featured

Brookfield and Qatar form joint venture on $8.6 billion Manhattan West development

REW October 28, 2015 October 28, 2015

by REWOctober 28, 2015October 28, 20151651

Brookfield Property Partners announced today that one of its subsidiaries has entered into a joint venture with Qatar Investment Authority (QIA) on the mixed-use Manhattan West development project in New York City. In the transaction, Brookfield sold a 44 percent interest in the development to QIA. The total value of the development...

Construction & Design Featured

It’s beginning to feel a lot like Christmas in Flatiron District

REW October 28, 2015 October 28, 2015

by REWOctober 28, 2015October 28, 20151224

The Flatiron/23rd Street Partnership Business Improvement District (BID) and Van Alen Institute today announced SOFTlab as the winner of the Flatiron Public Plaza Holiday Design Competition. The second annual competition of its kind, it called for proposals from New York design firms for a temporary installation at the heart of the Flatiron...

Deals & Dealmakers Featured

Stuy Town air rights deal a key piece of housing puzzle

REW October 28, 2015 October 28, 2015

by REWOctober 28, 2015October 28, 20151435

By Sabina Mollot Blackstone’s $5.3 billion purchase of the sprawling Stuy Town apartment complex also bought the firm a jumbo 700,000 s/f of air rights that could wind up being “just the tip of the iceberg” in Mayor Bill de Blasio’s plan to preserve and build affordable housing in the...

Deals & Dealmakers Featured

Are owners gambling too much on millennials?

REW October 28, 2015 October 28, 2015

by REWOctober 28, 2015October 28, 20151080

Basketball courts and Foosball tables will come and go, but demanding tenants are here to stay. And knowing what they want in terms off office space has put New York City real estate brokers at the forefront of some of the biggest changes in office design since the dot.com era....