Category : Featured

Deals & DealmakersFeaturedHeadline

London-based Forum takes stake in Dermot Company

REW
by REW1463
The Dermot Company has completed a planned two-year transition and William P. Dickey has retired as founder and CEO after nearly 25 years with the company. Dickey leaves behind a widely-regarded legacy as one of New York City’s prominent investors in real estate. Stephen Benjamin has replaced him as president and CEO....
FeaturedResidential

Wife of billionaire Soros getting Manhattan townhouse as parting gift

REW Staff
by REW Staff921
The wife of billionaire Robort Soros is getting the coupleʼs New York townhouse. City records show a transfer of the deed to the four story West 11th Street home “for a consideration of $10” from Robert Soros to Melissa Schiff Soros. The 1899 house was valued at $10.5 million, likely...
Deals & DealmakersFeatured

The highs and lows that brought Brooklyn developers close to tears

REW
by REW1002
Like an elementary classroom, it was a compare and contrast, and show-and-tell for Brooklyn’s top developers last week. At the “Make it in Brooklyn” summit June 25 in Downtown Brooklyn, Forest City Ratner CEO and president MaryAnne Gilmartin, chairman Bruce Ratner, Two Trees Management’s founder David Walentas and son Jed...
Low supply keeping prices high as Q2 ’15 closes
Featured

Low supply keeping prices high as Q2 ’15 closes

REW
by REW818
Spurred on by the familiar driver that is a dearth of supply, Manhattan’s residential market is still sustaining significant price points. According to Halstead Property’s Second Quarter 2015 market summary, an apartment in the borough currently costs in excess of $1.8M on average. Though this is a subtle descent from...
Slumming it isn’t option for rich students in overcrowded Manhattan
FeaturedResidential

Slumming it isn’t option for rich students in overcrowded Manhattan

REW
by REW1533
Students in New York City are redefining off-campus housing, ditching closet-sized dorm rooms for more homely accommodations. While students typically compromise on comfort, occupying six floor walk-ups in far-flung neighborhoods, some are living in apartments that most New Yorkers cannot afford. “A lot of students, if their parents have the...
Rents giving artsy tenants stage fright
Deals & DealmakersFeatured

Rents giving artsy tenants stage fright

REW
by REW1353
The creative arts segment is among the fastest growing segments of the city’s economy, according to a new report from the Center for an Urban Future. The report shows that New York has overtaken Los Angeles as the nation’s largest creative sector, significantly increasing its share of jobs in each...
Artificial intelligence next workplace trend
Deals & DealmakersFeatured

Artificial intelligence next workplace trend

REW
by REW4310
While New York City is welcoming tech companies with open arms, it is that same technology that some worry may spell the downfall of traditional jobs, and for the real estate industry, it could really shake things up. In this month’s issue of The Atlantic magazine, there’s an 8,000 word...