Category : Featured

Deals & DealmakersFeatured

Legal veteran Stuart Saft savoring latest role in development market

REW Staff
by REW Staff1319
By Dan Orlando The pool of real estate professionals in New York is comprised of an assortment of individuals, each with varying backgrounds and unique paths that led them to their respective careers. Stuart Saft, took three unexpected turns to arrive at his current position as chair of Holland &...
Deals & DealmakersFeatured

CBRE team wins Ingenious Deal award for bringing Chinese to Pacific Park

REW
by REW1375
William Shanahan picked up his fourth Ingenious Deal of the Year award last night. Shanahan and fellow CBRE brokers Darcy Stacom and Paul Leibowitz were presented with the first place Henry Hart Rice Award for “East Meets West—Brooklyn Mirrors Kowloon” their deal that brought Shanghai-based Greenland Holdings into Forest City...
Deals & DealmakersFeatured

Mall developer A. Alfred Taubman dead at the age of 91

REW Staff
by REW Staff1133
Prolific mall developer A. Alfred Taubman has died at the age of 91. In a statement to Taubman Centers employees, chairman, president and CEO Robert S. Taubman said his father passed away at his home in Bloomfield Hills, Michigan, following a heart attack. “This company and all that you stand...
Deals & DealmakersFeatured

Servcorp sitting pretty in highest offices in 1 WTC

REW
by REW1717
Virtual and executive office company ServCorp, has leased 34,775 s/f of office space on the 85th floor of One World Trade Center. They are the highest occupant so far in the 104-story tower. But it's not the eye-popping 360-degree views that first catch your eye when you walk into the offices .... The virtual and executive office company, which provides temporary to longer-terms space for businesses, signed a 15-year lease for the space, which has 70 offices and a co-working space. The offices are sized for 2-3 people, while the co-working office has space for up to 120 people. All together, the space can fit around 280 people.
Construction & DesignFeaturedResidential

City councilman looking to rain on parade of cloudbuster builders

REW
by REW1007
New York is not a city that is often overshadowed. Councilman Mark Levine would like to keep it that way. Currently in the early stages of forming a task force that would assess the impact of tall developments and the shadows that they create on Central Park, Levine feels that the city must begin to consider the consequences of racing for the clouds. “From the moment I was designated chair of the Parks Committee, advocates started to raise this issue with me,” Levine told Real Estate Weekly. “Over the past year, with the rise of the towers just south of Central Park, the alarm has only grown stronger.”
Fix it: RSA’s message to the Rent Guidelines Board
Debt & EquityFeatured

Fix it: RSA’s message to the Rent Guidelines Board

REW
by REW911
Members of the city's Rent Stabilization Association (RSA) are set to lobby the de Blasio-appointed Rent Guidelines Board to raise rents for over one million city residents. When the RGB meets tomorrow morning (Thursday) Joe Strasburg, president of the RSA said, “Our position will be that they need to recognize and remedy what happened last year. Owners received one percent when cost well exceeded it.”
Deals & DealmakersFeatured

Lend Lease partners with Victor Group on 281 Fifth Avenue

REW
by REW920
Victor Group (formally Victor Homes), a New York City-based development company founded by Moshe Shuster in 1994, has formed a joint venture with Lend Lease to develop a residential project at 281 Fifth Avenue. Located in the NoMad neighbrohood, the partnership plans to construct a condominium building with retail at...