Category : Featured

Vornado signs 350,000 s/f lease at 1290 Ave. of Americas
Deals & DealmakersFeatured

Vornado signs 350,000 s/f lease at 1290 Ave. of Americas

REW Staff
by REW Staff961
Global investment management firm Neuberger Berman has just eaten up a 350,000 s/f chunk of vacancy at Vornado's 1290 Avenue of the Americas. Neil Goldmacher of Newmark Grubb Knight Frank brokered the 20-year deal for Neuberger Berman and Vornado was represented by Josh Kuriloff and Bruce Mosler of Cushman & Wakefield. "Vornado is delighted to welcome Neuberger Berman to 1290 Avenue of the Americas, our 2.1 million square foot office building in the heart of corporate row on Avenue of the Americas," said Steven Roth, chairman and chief executive officer
Winick brings Times Square retail to market
FeaturedRetail

Winick brings Times Square retail to market

REW Staff
by REW Staff1005
LH Charney has named Winick Realty Group as the exclusive brokers for the largest retail opportunity in Times Square—1441 Broadway. With 74,686 s/f of multi-level retail and new LED signage , the retail at 1441 Broadway represents "an incomparable addition to the Crossroads of the World" said Jeff Winick, CEO.
Carl Weisbrod to keynote Brooklyn conference
Deals & DealmakersFeatured

Carl Weisbrod to keynote Brooklyn conference

REW
by REW797
New York’s City Planning Director Carl Weisbrod will be a keynote speaker at the Only Brooklyn Real Estate Summit on May 6. CARL WEISBROD The all-day conference, hosted by TerraCRG, aptsandlofts.com and The Brooklyn Chamber of Commerce, will shine a spotlight on one of the hottest real estate markets in the country.
Deals & DealmakersFeatured

Extells dips toe in Harlem market with latest purchase

REW
by REW1194
Developer Extell has taken a piece of booming 125th Street with the purchase of an East Harlem building. The property, at 142-96 East 125th Street, was purchased by Extell on April 13 from seller East Harlem Abyssinian Triangle Limited Partnership. Extell declined to comment on what the company plans to do with the building, the first site in Harlem the developer has purchased.
Deals & DealmakersFeatured

Office juggernaut eyes 500,000 s/f in business

REW Staff
by REW Staff996
After beating analysts’ expectations with its first-quarter earnings, office REIT SL Green started off the second quarter with a flurry of deals. The company went into contract to buy the fee interest at 635 Madison Avenue for $145 million, while selling its leasehold at 673 First Avenue to the building’s tenant, NYU Hospitals Center, for the same amount. The moves cap off a first quarter in which the REIT made headlines with several high-profile deals and better than expected earnings per share, which ended up at $1.54.
Woolworth Building tours headed by Cass Gilbert descendant
Construction & DesignFeatured

Woolworth Building tours headed by Cass Gilbert descendant

REW Staff
by REW Staff1474
The tallest skyscraper in the world when it opened in 1913, the dramatic Gothic-style Woolworth Building is generally considered the masterpiece of Cass Gilbert, the New York City architect who designed it. When the terra cotta-clad structure reached its centenary in April of 2013, the architect’s great-granddaughter, Helen Post Curry, approached the building’s management about opening up the off-limits lobby to celebratory programs and tours. “It felt like something that had to happen,” Curry said,
Deals & DealmakersFeatured

Cushman & Wakefield names Elkann chairman of the board

REW Staff
by REW Staff987
Cushman & Wakefield announced that John Elkann as has been named chairman of its Board of Directors effective immediately. Elkann is chairman and chief executive officer of EXOR, S.p.A., Cushman & Wakefield’s controlling shareholder, and Chairman of Fiat, S.p.A. Edward C. Forst, Cushman & Wakefield’s president and chief executive officer said, “We are all delighted to welcome John Elkann to the role of chairman of Cushman & Wakefield. He brings with him significant international perspective and a record of dynamic leadership."
Chipotle to open in Bay Ridge
FeaturedRetail

Chipotle to open in Bay Ridge

REW Staff
by REW Staff
Melissa Gliatta The popular casual restaurant chain Chipotle will open its newest restaurant in Bay Ridge, Brooklyn, at 463 86th Street, Thor Equities announced. Diana … Continued
Construction & DesignFeatured

Skilled worker shortage clouds building forecast

REW Staff
by REW Staff870
Rider Levett Bucknall announced an optimistic U.S. construction industry outlook, with large increases in project starts anticipated for 2014 and beyond. However, although the construction industry expects to gain these additional jobs over the next eight years, the lack of available skilled labor in the workforce could be a concern.