Category : Featured

Industry holds its breath as Bharara investigates Silver

REW January 27, 2015 January 27, 2015

by REWJanuary 27, 2015January 27, 2015828

By Konrad Putzier New York Assembly Speaker Sheldon Silver’s arrest on corruption charges has sent shockwaves through the real estate industry, as developers and tenant advocates try to figure out how the investigation will affect their future. Silver was arrested last week on five counts of corruption. In his indictment,...

Featured Residential

Most promising agent looking to be the best

REW January 23, 2015 January 23, 2015

by REWJanuary 23, 2015January 23, 2015971

By Holly Dutton At just 26, Corcoran broker Antony Bitar is a rising star in NYC residential real estate, earning honors for his high volume of transactions and REBNY’s “Most Promising Salesperson of the Year” award, all in just under three years in the business. Bitar, a native of Little...

Brokers Weekly Featured

Brokers keep busy even when market is in hibernation

Holly Dutton January 22, 2015 January 22, 2015

by Holly DuttonJanuary 22, 2015January 22, 2015

By Holly Dutton If residential real estate were like football, consider this month pre-season training. In an industry that’s always moving, residential real estate has … Continued

Deals & Dealmakers Featured

Feil fills 841 Broadway with signing of new lease with digital company

REW Staff January 22, 2015 January 22, 2015

by REW StaffJanuary 22, 2015January 22, 20151124

The Union Square technology corridor has been extended once again with the announcement that digital advertising and media management software developer Centro Inc. has leased two full floors at 841 Broadway, owned and managed by The Feil Organization. Terms of the lease transaction were not disclosed. Centro will occupy 26,235...

Construction & Design Featured

Construction starts on 55 Hudson Yards

REW January 21, 2015 January 21, 2015

by REWJanuary 21, 2015January 21, 20153079

Today Related Companies, Oxford Properties Group and Mitsui Fudosan America, Inc. announced the start of construction on Fifty Five Hudson Yards. The 1.3-million square-foot office building is the newest addition to the collection of towers to be located at Hudson Yards, the largest private real estate development in the history of the United States and the largest development in New York City since Rockefeller Center. Construction will be completed in 2017 and tenant move-in should begin early 2018.

Featured Retail

Booming tourism sector has investors bullish on New York

REW January 21, 2015 January 21, 2015

by REWJanuary 21, 2015January 21, 20151490

As we welcome in 2015, there is a raw emotional edge to New York that few developers have seen since the catastrophe of 9/11 when no one knew whether this proud, resilient but grieving city had the means to come back. And yet the real estate community continues to display its full faith and confidence in this diverse metropolis by sustaining its investment in a wide spectrum of projects that range from office construction to residential housing. Perhaps nowhere is that investment as evident as in our city’s tourism industry and the hotel construction required to support it.

Featured Retail

Plunging oil prices giving shoppers a shot in the arm

REW January 21, 2015 January 21, 2015

by REWJanuary 21, 2015January 21, 2015911

The retail sales decline of 0.9 percent in December from the previous month reported by the U.S. Department of Commerce does not indicate any weakness in the sector. Going forward, lower gas and home heating oil prices will undoubtedly boost retail sales, particularly at the mid- and lower-price points, as those consumers feel that they can now afford to splurge a bit. Consumer confidence is rising, and that will bode well for the rest of the year.

Deals & Dealmakers Featured

New condos coming to East 13th Street

REW January 19, 2015 January 19, 2015

by REWJanuary 19, 2015January 19, 2015801

The East Village is set to get two new condo developments. Bridgeton Holdings and Amirion Group have bought two parcels at 436 and 442 East 13th Street for $9.5 million. The sites allow for 26,000 s/f of new construction, and the investors are unsurprisingly thinking condos. Ivan Hakimian of HPNY...

Deals & Dealmakers Featured

Ehrenberg hunting game big and small for Brooklyn Navy Yard

REW January 19, 2015 January 19, 2015

by REWJanuary 19, 2015January 19, 2015854

By Konrad Putzier In 1998, fresh out of college, David Ehrenberg went to Zimbabwe on a Fulbright fellowship to study a local community development program. The country – not yet quite the violent, impoverished basket case it is today – was making big bucks with its tourism industry. Most visitors...

Deals & Dealmakers Featured

Avison Young triples size of NYC office

REW January 14, 2015 January 14, 2015

by REWJanuary 14, 2015January 14, 2015997

Arthur Mirante, Avison Young principal and Tri-State President, announced that the firm is expanding its presence in New York City by signing a new, 40,000 s/f lease to relocate the firm's Manhattan office to a full floor at 1166 Avenue of the Americas. The move, which comes less than three years after Avison Young entered the New York market, is occurring through a sub-sub-sublease with Advance Magazine Publishers, Inc. As a result of the relocation scheduled for March 2015, Avison Young will nearly triple the size of its Manhattan office, which currently comprises approximately 14,000 s/f at 623 Fifth Avenue.