Category : Featured

Airbnb a political hot potato, says city enforcer

REW June 17, 2015 June 17, 2015

by REWJune 17, 2015June 17, 20151247

The City of New York is trying to put the squeeze on illegal hoteliers, by raising the fines for first-time offenders dramatically, while focusing on the biggest offenders. Last week, two City Council members proposed raising the fine for first-time offenders operating illegal hotels from $1,000 to $10,000, with a...

Deals & Dealmakers Featured

Eliot Spitzer wants to build condos

REW June 17, 2015 June 17, 2015

by REWJune 17, 2015June 17, 20151138

As Michael Stoler joked that former governor Eliot Spitzer had brought the shovel with him during a panel discussion at Tuesday’s Only Brooklyn Summit, the prodigal son of Spitzer Enterprises opened up about his new South Williamsburg development. “We’ve got our footings in the ground; we’ve got our plans approved,”...

Deals & Dealmakers Featured

Deadlock in Albany puts 421-a, rent regulations in limbo

REW June 17, 2015 June 17, 2015

by REWJune 17, 2015June 17, 20152609

With the New York State Legislature grappling with a debilitating impasse, crucial laws like the 421-a tax abatement program and rent regulation have expired, making a last-ditch deal more unlikely on the last day of the legislative session for the year. The two laws, which expired at midnight on Monday,...

Deals & Dealmakers Featured

Jeff Gural’s New Jersey casino plan takes shape

REW June 10, 2015 June 10, 2015

by REWJune 10, 2015June 10, 20151391

The Meadowlands is already home to two NFL franchises and a now horse racing venue thanks to Meadowlands Racetrack owner and Newmark Grubb Knight Frank chairman, Jeff Gural. Last Thursday, Gural and Hard Rock Casino chief executive Jim Allen officially announced their plans to place a $1 billion Hard Rock...

Deals & Dealmakers Featured

Comeback kid Ian Bruce Eichner betting big on Flatiron tower

REW June 10, 2015 June 10, 2015

by REWJune 10, 2015June 10, 20151206

Ian Bruce Eichner’s New York City resurrection is gaining forward momentum, with one of his main projects, the planned glass-covered tower at 45 East 22nd Street, already 35 percent sold with still a year and a half left before the occupancy date. The 65-story structure, which will stand 777 feet...

Construction & Design Featured Headline Retail

Hudson Yards retail gets underway with one of biggest steel orders in US history

REW June 10, 2015 June 10, 2015

by REWJune 10, 2015June 10, 20153652

Hudson Yards today announced the start of vertical construction on The Shops & Restaurants at Hudson Yards, its one million square foot retail center and the future home of New York City’s first Neiman Marcus flagship store and Chef Thomas Keller’s new classic American restaurant. Construction commenced after the site...

Featured Residential

Upstate towns dancing to new tune as city folk search for time of their life

REW June 5, 2015 June 5, 2015

by REWJune 5, 2015June 5, 2015843

For many people, the Catskills are where Baby Houseman found love for the first time on a summer getaway with her family in the 1960s, in a love story immortalized in the 1987 film Dirty Dancing. The once-popular area of small towns in the scenic Catskills Mountains, faded in the...

Featured Residential

Partners seek those in pursuit of happiness

REW June 5, 2015 June 5, 2015

by REWJune 5, 2015June 5, 2015977

In a midtown high-rise a block from Grand Central, Larry Link and Michael Greenberg show off their glass-walled offices that face one another’s across a narrow hallway. “We’re literally screaming over at each other every day,” laughed Greenberg. But they’re not angry – it’s just part of their rapport. The...

Featured

Spotlight on managers highlights vital role in keeping city safe

REW Staff June 3, 2015 June 3, 2015

by REW StaffJune 3, 2015June 3, 20151147

The Real Estate Board of New York (REBNY) recognized top commercial property management professionals at its 12th Annual Commercial Management Leadership Breakfast at the Hilton New York. John J. Miller, NYPD Deputy Commissioner of Intelligence and Counterterrorism, gave a keynote speech that spotlighted the importance of the work that building...

Featured

Gov. Cuomo versus Mayor de Blasio as 421a expires

REW June 3, 2015 June 3, 2015

by REWJune 3, 2015June 3, 2015764

By Christian Brazil Bautista Two of the state’s top Democrats are trading jabs over the 421-a tax program, showing cracks in the party agenda over the controversial measure. Governor Andrew Cuomo and Mayor Bill de Blasio, who have described themselves as friends, are publicly criticizing each other, with advocates from...