Category : Featured

Deals & DealmakersFeatured

Massey Knakal exploring sale options

REW Staff
by REW Staff945
One of the city’s biggest players in the midsize market is looking to sell a non-controlling stake of the company. Massey Knakal Realty Services has hired Perella Weinberg Partners, a global advisory and asset management firm, to sell a 49 percent stake in the firm or the firm in its entirety.
NYC’s most expensive rental launches at The Pierre
FeaturedResidential

NYC’s most expensive rental launches at The Pierre

REW Staff
by REW Staff1763
TOWN Fifth Avenue has launched The Pierre Hotel Residences portfolio of ten Grand Suites, which includes the record breaking $500,000 per month full 39th Floor. The property is listed by Therese Bateman and Andres Perea-Garzon of TOWN Fifth Avenue. The full 39th floor, which includes the famed Presidential Suite, has never before been offered. Comprised of 4,786...
First-time buyers zeroing in on Brooklyn market
Deals & DealmakersFeatured

First-time buyers zeroing in on Brooklyn market

REW Staff
by REW Staff768
By Konrad Putzier When veteran broker Bob Knakal recently remarked that most investment properties are now being bought by first-time buyers from outside the city, he had Manhattan in mind. But increasingly, this trend is also noticeable in Brooklyn. One of the latest newcomers into the borough is of the...
Deals & DealmakersFeatured

Wall Street renegades pound streets in search of rough diamonds

REW
by REW1273
Investors tend to complain that it is getting harder and harder to find undervalued buildings in New York City. But David Manheimer and Benji Kohn believe Brooklyn still has a few rough diamonds to offer. With their recently founded company, Brooklyn Standard Properties, the two childhood friends are buying walk-up residential buildings in the city’s hippest borough, with an eye to renovating them for young tenants and small families. The partners also have an unconventional approach to fundraising - raising hundreds of thousands of dollars in mezzanine debt through the crowdfunding platform, Fundrise.
Retail brokers create silk purse from sow’s ear
FeaturedRetail

Retail brokers create silk purse from sow’s ear

REW Staff
by REW Staff595
Winick Realty Group helped a Nolita property owner turn an eyesore into a haven for the artsy set. Executive vice president Darrell Rubens and colleague Lee Block counselled landlord Samy Mahfar to turn the ground floor apartments are 22 Spring Street into shops. “Landlord Samy Mahfar made a substantial investment to refurbish what had previously been an eyesore on the block,” said Rubens.
FeaturedRetail

Supermarket of the superhighway arrives in Garment District

REW Staff
by REW Staff661
The Seamless.com of supermarkets has arrived in the Garment District. Colliers just installed MaxDelivery in a 9,800 s/f space at 318 West 39th Street as part of a roll-out that will see the hybrid grocery store and delivery service spread out across Manhattan.
13 more agents leave Bellmarc, head to Halstead
FeaturedResidential

13 more agents leave Bellmarc, head to Halstead

REW Staff
by REW Staff865
A week after ten Coldwell Banker Bellmarc agents left the firm for City Connections Realty, 13 more have now joined Halstead Property. Geri Epstein, Leslie Bettison, Harriet Botwinick, Kim Cowal, Greta Elias, Neil Gallo, Marcia Gershon, Joe Irving, James Lake, Leslie Penny, Seth Price, Arnie Roitman and Richard Topp, joined Halstead today (Wednesday) the brokerage announced. The exodus follows allegations of fraud and theft leveled at Bellmarc Group co-founder, Neil Binder, by his business partners.