Category : Featured

Manhattan’s shopping mecca perfect for ICSC event
FeaturedRetail

Manhattan’s shopping mecca perfect for ICSC event

REW
by REW624
Want to know what’s going on in the retail world? Just visit New York City, where most overseas retailers land first, most U.S. retailers long to locate, and shoppers from around the globe flock for the best of everything. It’s the perfect location for the International Council of Shopping Centers’ New York National Conference (second in size only to the global RECon in Las Vegas), which will be held from December 8 through 9 at the Javits Center.
FeaturedRetail

Harbor Group pays record price for Bronx retail asset

REW
by REW1114
A Bronx retail strip Planet Fitness, Metro PCS, The Vitamin Shoppe and Subway call home has been sold at record pricing to The Harbor Group. Massey Knakal announced that is represented the seller, The Jackson Group, a privately owned real estate investment company, in the sale of 305 and 315 East Fordham Road, on the corner of East Fordham and East Kingsbridge Roads in Fordham, for $34,630,000 or $1,145 psf.
Corcoran forms global alliance with Euro power player
FeaturedResidential

Corcoran forms global alliance with Euro power player

REW
by REW1017
The Corcoran Group, a leading U.S. residential real estate brokerage firm, has entered into an alliance with John Taylor, one of the world’s premier international luxury real estate companies. The two firms have entered into the alliance to satisfy growing demand from American and international clients seeking unique properties in the United States and abroad. The alliance comes on the heels of Douglas Elliman’s decision in September to partner with the international London-based brokers Knight Frank and as the city’s ultra-luxury market enjoys some of the best returns in the business. Last year, foreigners spent $92.2 billion on American homes.
One World Trade Center the world’s most expensive skyscraper
Construction & DesignFeatured

One World Trade Center the world’s most expensive skyscraper

REW
by REW1839
All over the world, we are seeing gigantic high-rise projects coming into existence that try to outdo each other in height. It is not just in terms of their physical dimensions, however, that skyscrapers are constantly setting new records – the costs of the buildings, too, are continuously reaching new and dizzying heights. By some distance, the world’s most expensive skyscraper is currently One World Trade Center in New York City, which stands immediately beside the memorial for the Twin Towers, destroyed on September 11, 2001.
Real estate industry unanimous in derision of proposed pied a terre tax
Debt & EquityFeaturedResidential

Real estate industry unanimous in derision of proposed pied a terre tax

REW
by REW1138
A year after Bill de Blasio won the mayoral election with a promise of reducing inequality, New York City is caught in a heated debate over the benefits of luxury pied-a-terres. According to their proponents, wealthy pied-a-terre owners literally embody the best of trickle-down economics. To its detractors, pied-a-terres embody the worst of a welfare state for the rich. The long-simmering debate recently took on a degree of urgency when State Senator Brad Hoylman proposed a citywide pied-a-terre tax. But while some economists and public advocates endorsed his proposal, the real estate industry has almost unanimously come out against it.
New York women form new power group
Deals & DealmakersFeatured

New York women form new power group

REW
by REW1246
By Linda O’Flanagan Two of New York’s most influential women’s groups have announced they will merge to form one single, stronger group. The Association of Real Estate Women (AREW) and New York Commercial Real Estate Women (NYCREW) jointly announced the merged at the annual AREW holiday luncheon in Club 101...
Moinian is shooting high with 5th Avenue retail wish list
Deals & DealmakersFeatured

Moinian is shooting high with 5th Avenue retail wish list

REW
by REW1388
By Holly Dutton The Moinian Group is making a big push for its prime retail on Fifth Avenue, after a revitalizing and renovating the multi-level spaces. In the midst of one of Manhattan’s busiest retail corridors, Moinian’s building at 535-545 Fifth Avenue has just finished a redesign by architectural firm...
FeaturedRetail

Famed bookstore has new NoMad home

REW
by REW
By Holly Dutton Iconic bookstore Rizzoli has a new home. The famed book seller that first opened 50 years ago will re-open in NoMad, just … Continued
iFunding crowdfunds itself
Debt & EquityFeatured

iFunding crowdfunds itself

REW
by REW678
It seems fitting that iFunding, a startup that crowdfunds real estate investments, is turning to crowdfunding to fund its own business. The firm is currently raising $1 million on the online platform crowdfunder.com, with an eye on raising an additional $1 million in the near future. The offering values the...