Category : Featured

Chop’t signs UWS store lease as team targets kids, fitness concepts
FeaturedRetail

Chop’t signs UWS store lease as team targets kids, fitness concepts

REW Staff
by REW Staff869
Two retail spaces on Amsterdam Avenue on the Upper West Side are up for grabs, and leasing agents are looking for the perfect fit for the family-friendly and health-conscious area. Ross Kaplan and Stu Morden with Newmark Grubb Knight Frank Retail are the exclusive leasing agents for the two spaces at 341-345 Amsterdam Avenue, a residential building on the corner of 76th Street and Amsterdam that contains three retail storefronts. The third retail space was recently taken by salad chain Chop’t, which signed a lease for the 2,500 s/f space last week. Asking rents were $175 psf for that space, but not for the remaining two spots, according to NGKF.
Gamer takes 87,000 s/f at One World Trade Center
Deals & DealmakersFeatured

Gamer takes 87,000 s/f at One World Trade Center

REW Staff
by REW Staff906
The Durst Organization has signed online gaming company High 5 Games to a 15-year lease for the entire 58th and 59th floors of One World Trade Center. The two floors total 87,663 s/f. High 5 Games serves the land-based, online, social and mobile gaming markets. Founded in 1995, it is one of is the highest-rated social casinos on Facebook. With the High 5 Games transaction — the ninth lease to be signed at One World Trade Center in 2014 — the 3.0-million-square-foot office tower is now more than 61 percent leased.
Deals & DealmakersFeatured

Housing, infrastructure top CRE agenda

REW
by REW657
By Holly Dutton Housing and infrastructure topped a list of hot topics city real estate executives want Mayor Bill de Blasio to focus on. Asked at last week’s Young Jewish Professionals Deal Makers Summit what they would talk to the mayor about, speakers were unanimous. “There’s a real shortage of...
Developer blazing a trail among Chinese investors
Deals & DealmakersFeatured

Developer blazing a trail among Chinese investors

REW Staff
by REW Staff649
By Konrad Putzier XIN Development, the U.S. arm of Xinyuan Real Estate, is a bit of an anomaly among the growing ranks of Chinese real estate investors in New York. While its peers rely on joint ventures with local developers when they build in the states, XIN finances and builds...
Silverstein secures $605M construction financing for 1 West End Avenue
Debt & EquityFeatured

Silverstein secures $605M construction financing for 1 West End Avenue

REW
by REW1231
By Konrad Putzier Silverstein Properties and Elad Group are about to close on $605 million in construction financing for their condo development 1 West End Avenue, according to Silverstein CEO Marty Burger. Above-ground construction work on the project is set to begin in January. Burger announced the news at a...
Simon Baron Development to fund new micro-housing venture
Construction & DesignDeals & DealmakersDebt & EquityFeatured

Simon Baron Development to fund new micro-housing venture

REW Staff
by REW Staff1574
Stage 3 Properties and Simon Baron Development Group announced the launch of a new micro-housing venture to address the needs of first-time renters in New York City and similarly rent-burdened communities in other cosmopolitan markets. The newly formed partnership aims to assist first time renters in their transition from one life stage to the next by introducing 10,000 high-end micro-units, starting with several major east coast cities, including New York City, Boston, Philadelphia, Washington D.C., and Miami.
FeaturedResidential

Elliman agent always working to be Miles better

REW
by REW1265
By Holly Dutton If you can’t stand the heat, get out of the kitchen. Douglas Elliman broker Brett Miles took that well-known idiom to heart – changing gears after years in the restaurant industry on the West Coast to become a successful real estate agent in New York City. Miles,...
Ambitious trader taking stock with bold new plan to sell buildings
Deals & DealmakersFeatured

Ambitious trader taking stock with bold new plan to sell buildings

REW Staff
by REW Staff818
If Jesse Stein has his way, investors will soon be able to buy shares of individual buildings on the stock market. Stein’s startup, ETRE Financial, which he co-founded in 2012 with Paul Frischer, helps developers and building owners list their properties on NASDAQ in exchange for a fee. But while he hopes ETRE’s model will revolutionize real estate investing, it still has major hurdles to overcome.
Hersh to leave Mack-Cali
Deals & DealmakersFeatured

Hersh to leave Mack-Cali

REW Staff
by REW Staff
Mack-Cali Realty Corporation announced that Mitchell E. Hersh will step down as President and Chief Executive Officer at the Company’s Annual Meeting in May 2015 … Continued