Category : Featured

FeaturedRetail

Coveted Carnegie Hill corner comes to market

REW Staff
by REW Staff816
A half block-front of retail space in one of New York's most affluent markets has just hit the market. Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president of Douglas Elliman's Retail Group have been awarded the exclusive agency for the space at 1370 Madison Avenue, on the southwest corner of 96th Street in Carnegie Hill. The space has over 100 feet of frontage along the Avenue, which continues around the corner.
Next! Brookfield’s Ed Hogan has Las Vegas check list
FeaturedRetail

Next! Brookfield’s Ed Hogan has Las Vegas check list

REW
by REW799
When retail brokers and executives converge on Las Vegas next week for one of the industry’s biggest conventions, many will be looking to make pitches and seal deals. One of the most talked-about retail centers is lower Manhattan’s Brookfield Place (formerly the World Financial Center) which is undergoing a $250 million upgrade to its retail and public space. Brookfield’s director of retail leasing Ed Hogan will be attending the International Council of Shopping Center’s annual RECon convention in Las Vegas May 18-20, a global gathering for those in the retail industry. While he said he will be taking “a lot” of meetings, he is looking more toward the future and the company's Manhattan West project.
Sitt son buys chic Soho site
Deals & DealmakersFeaturedRetail

Sitt son buys chic Soho site

REW Staff
by REW Staff1367
A new joint venture between Colt Equities and Ruby Ventures has paid $14 million for the leasehold of 11 Greene Street and plans to build a mixed-use development at the site. Plans for the property include 16,000 s/f of total ground-floor and lower-level retail space as well as over 30 rental units on floors 2-6, with a partial mezzanine level on the 7th floor.
CBRE’s Tighe and Tosko win ingenious deal of the year award
Deals & DealmakersFeatured

CBRE’s Tighe and Tosko win ingenious deal of the year award

REW Staff
by REW Staff993
Last night (Tuesday) the real estate industry honored five of the city’s most ingenious dealmakers for their ground-breaking transactions in 2013, at The Real Estate Board of New York’s (REBNY) 70th Annual Commercial Sales Brokers Committee Cocktail party at the 101 club. The winners of 2013’s Ingenious Deal of the Year Awards are: · Mary Ann Tighe and Gregory Tosko of CBRE, was honored with the first place Henry Hart Rice Award for “Jumpstarting the Future: Coach Buys in to Hudson Yards.” · David A. Green of Cushman & Wakefield, was presented with the second place Robert T. Lawrence Award for “The Improbable Master Lease of the Retail Spaces at 650 Fifth Avenue.” · M. Myers Mermel and Caroline McLain of TenantWise, were awarded the third place Edward S. Gordon Award for “Air Equal to Land: The Sale of Air Rights from 520 Park Avenue.”
Chera’s triple Crown of retail buys and leases
FeaturedRetail

Chera’s triple Crown of retail buys and leases

REW Staff
by REW Staff2695
Crown Acquisitions has purchased three retail properties in Brooklyn and Staten Island an inked deals with big name chains. The firm arranged leases with national tenants in each of the properties, including Planet Fitness, Duane Reade and Vitamin Shoppe. “The three newest acquisitions speak to our appetite in continuing to build our portfolio of retail properties throughout prime shopping thoroughfares in the outer boroughs,” said Crown Acquisition’s Isaac Chera.
Construction unions going after alter-ego contractors as profits shrink
Construction & DesignFeatured

Construction unions going after alter-ego contractors as profits shrink

REW Staff
by REW Staff1082
A Long Island-based contractor was forced to pay $6 million to labor groups for breaking a collective bargaining agreement. The settlement is one of the largest in a growing number of “alter ego” lawsuits amid fierce competition between union and non-union workers. In the lawsuit filed in January 2013, labor groups Metal Lathers Local 46 and Council of Carpenters accused River Avenue Contracting of creating alter ego companies and using them to hire non-union workers.
Rockaways rebounding from post-Sandy funk
FeaturedResidential

Rockaways rebounding from post-Sandy funk

REW
by REW1019
By Konrad Putzier On a recent Friday morning, Eastern Consolidated broker Ronda Rogovin stood on a storm-ravaged beach beyond the final stop of New York’s most remote subway line, trying to make a case that the Rockaways are a great place to invest. Her visitor, who had come to look at a 43-unit beachfront apartment building at Beach 119th Street listed for sale, skeptically glanced at the sand bags piled up for flood protection. A few stumps in the ground were all that was left of the famed Rockaway boardwalk. “So you think the market will grow?” he asked. “There’s nothing but upside,” Rogovin responded.