Category : Featured

Featured

Weisbrod touts zoning plan as nationʼs most ambitious

REW
by REW1856
Public review got underway Monday for two proposed changes to New York City’s Zoning Resolution designed to promote production of more affordable housing in better quality buildings, and foster more inclusive, livable and diverse neighborhoods. The proposals, developed by the Department of City Planning (DCP), will work together with other...
Deals & DealmakersDebt & EquityFeatured

Spend war chest on building cheap homes, Barney Frank tells New York conference

REW
by REW1058
Barney Frank, the Democratic Congressman who proved to be a polarizing figure during the housing crisis, is prescribing a unique approach to solving the nation’s housing crisis. “We will not be able even to maintain the current level of support for affordable rental housing, if we don’t attack the military...
FeaturedRetail

Will Macyʼs make a $4B bet on a Real Estate Investment Trust?

REW
by REW1710
Macyʼs could sell its flagship Herald Square store for as much as $4 billion if it jumps on the latest trend among retailers. With New York City property prices constantly flirting with record highs, some retailers are now looking to maximize returns on their real estate assets by establishing publicly...
Deals & DealmakersFeatured

Private developers get keys to public housing

REW
by REW1196
With a looming deficit and growing backlog of maintenance repairs, the New York City Housing Authority (NYCHA) has officially announced its plans for private development at two public housing sites. The effort is part of the agency’s ten-year investment plan, “NextGen NYCHA.” “While this is certainly the most attention-grabbing component,...
Deals & DealmakersFeatured

Trailblazing real estate veteran puts partnerships in perspective

REW
by REW1488
For Merle Gross-Ginsburg, one of the early pioneers for women in New York City’s real estate industry, her early years and economic needs came to define how she pursued success in the toughest of times. Gross-Ginsburg founded the Association of Real Estate Women (AREW) in 1975, an organization that served...
Deals & DealmakersFeatured

‘Charity Row’ a shadow of its former self

REW Staff
by REW Staff1743
By Maria Rocha-Buschel With the announcement of its move to the Grand Central neighborhood from the United Charities Building at 105 East 22nd Street, the Community Service Society has joined an exodus of non-profit organizations from the area formerly known as Charity Row. In a two-block area that used to...
Historic homeless levels have city examining all the options for housing
FeaturedResidential

Historic homeless levels have city examining all the options for housing

REW
by REW1057
As the number of homeless people in New York City flirts with record levels, the effectiveness of affordable housing as a tool to keep people out of the streets is due for a thorough assessment. Recently, homelessness has re-emerged as a favorite gripe among New Yorkers, from Rudolph Giuliani’s complaint...
Featured

CBRE quarterbacks Chinese giantʼs US acquisition as Asian investors tackle global diversification

REW
by REW2045
CBRE Capital Advisors was the exclusive financial advisor to Hong Kong-listed Gemini Investments — the investment arm of Sino-Ocean Land, also listed on the Hong Kong Stock Exchange and one of the largest real estate companies in China — in its acquisition of Rosemont Realty LLC, an acquisition and asset...
Weisbrod plays zone defense
Featured

Weisbrod plays zone defense

REW
by REW821
City planning boss Carl Weisbrod told an audience of legal experts that thereʼs nothing unconstitutional about making developers build affordable homes in exchange for zoning perks. “We’ve looked at this pretty carefully,” Weisbrod said in defense of the “most comprehensive, ambitious housing program in the country. “Clearly we are confident...
Featured

452 Fifth dimension has Israeli owners on lookout for other space

REW
by REW2383
With 452 Fifth Avenue reaching 100 percent occupancy earlier this year, there has been a lot of speculation on whether its main tenant, British bank HSBC, would be sticking around after the end of its lease in 2020. While PBC USA Real Estate describes its relationship with its largest tenant...