Category : Featured

Kings Highway buildings sold for $80M
Deals & DealmakersFeatured

Kings Highway buildings sold for $80M

REW Staff
by REW Staff2111
Infinity Real Estate has partnered with Nightingale Properties to buy two mixed use buildings on the Kings Highway in Brooklyn for $80 million. Sources say the company plans to erect a new mixed use building on part of the site that would include retail and, possibly, medical offices above. The properties include Kingswood Plaza, a 230,000 s/f mixed-use building whose tenants include TJ Maxx and NY Sports Club, medical tenants, and 250 underground parking spaces.
Deals & DealmakersFeatured

Sultan’s Plaza bid sparks an outcry

REW Staff
by REW Staff648
By Konrad Putzier The Sultan of Brunei’s reported bid to take over the Plaza Hotel has come under scrutiny amid protests from gay rights activists. “The American profit stream that flows from his hotels back to his regime needs to stop. We urge all New Yorkers to have one simple and...
Construction & DesignFeatured

Meadowlands casino plan aimed at under-served New Jerseyans

REW Staff
by REW Staff1879
The Meadowlands Chamber of Commerce in Jersey has updated its Vision Plan for the redevelopment of the sports complex that's home to both the Giants and the Jets. The plan includes a casino, convention center, 'racino' that would bring gaming into the racetrack, 14,000 parking space and a 'people move' to transport visitors from one attraction to the other. “Since the Meadowlands Sports Complex was built, the population in the surrounding region has grown but does not have anything compelling enough to keep them here when they are spending their discretionary income," said Chamber CEO Jim Kirkos.
Brokerages fined for turning away folks on Government assistance
FeaturedResidential

Brokerages fined for turning away folks on Government assistance

REW
by REW821
Three New York brokerages were forced to pay penalties in a settlement over alleged discrimination, the office of Attorney General Eric Schneiderman announced. Absolute Properties, Brownstone Real Estate and Destination Real Estate were accused of systematically turning down clients who receive public assistance – for example through the federal voucher program Section 8.
Shtainer’s a star who is always on the rise
FeaturedResidential

Shtainer’s a star who is always on the rise

REW
by REW1840
By Konrad Putzier Victoria Shtainer describes herself as someone who likes challenges, which helps explain why she plans to leave the brokerage business within the next three years. “I don’t see myself in the same career for a long period of time,” Shtainer said, adding that she might switch to...
FeaturedResidential

Brokers join the ALS bucket list

REW Staff
by REW Staff586
TOWN Residential, a luxury real estate services firm, participated in the ALS Ice Bucket Challenge to raise funds and awareness for ALS research. Amyotrophic lateral sclerosis, or ALS, is a progressive neurodegenerative disease that affects nerve cells in both the brain and spinal cord. The ALS Ice Bucket challenge began in Massachusetts with former Boston College baseball player Pete Frates. Frates, who was diagnosed with the disease in 2012, poured a bucket of ice water over his head and challenged friends and family members to do the same within 24 hours or donate $100 to ALS research. Through social media, the initiative quickly went viral.
Construction & DesignFeatured

Big renovation puts Roc tower back on the radar

REW Staff
by REW Staff732
The Rockefeller Group announced a major capital improvement program at 1221 Avenue of the Americas, including enhancements to the building’s lobby, elevators, entrances and plazas. The Rockefeller Group worked with architect Moed de Armas & Shannon on the plans. The Rockefeller Group worked with architect Moed de Armas & Shannon on the plans. The plans call for the first renovation of the class-A tower’s lobby since 1999, and follow a recent leasing campaign that has attracted more than 1.5 million square feet of new leases and renewals.
Deals & DealmakersFeatured

LEASES: Kaufman arranges lease for Bitcoin investors; Tech data group Violin Memory subleases in Midtown South

REW Staff
by REW Staff1072
CBRE’s Eric Deutsch, Jared Freede and Michael Rizzo represented urban planners and architecture firm RBA Group at 32 Old Slip in an 18,646 s/f relocation on the 4th floor, from 27 Union Square West. And, the Kaufman Organization secured a five-year, 4,054 s/f lease at 27 West 24th Street for Chaincode Labs, a research and development company founded by Alex Morcos and Suhas Daftuar, two active angel investors in the Bitcoin space.