Category : Featured

Thornton Tomasetti recognized for Brookfield Pavilion

REW Staff April 24, 2014 April 24, 2014

by REW StaffApril 24, 2014April 24, 20141633

Thornton Tomasetti, the international engineering firm, was recognized by the American Institute of Steel Construction (AISC) with a 2014 IDEAS Merit Award for Excellence in Steel-Frame Building Design for the Brookfield Place Entry Pavilion in Lower Manhattan. Completed in the fall of 2013, the glass-and-steel pavilion features a pair of 53-foot-tall funnel-shaped, sculptural steel columns that support the structure.

Featured Residential

Scales of justice help broker find balance in work, life

REW April 23, 2014 April 23, 2014

by REWApril 23, 2014April 23, 2014799

By Holly Dutton New York native Nick Athanail has always been passionate about the city and its people, and is making it his mission to help it thrive. After growing up in Bay Ridge, Brooklyn, where his family still lives, the Corcoran broker went to NYU law school and lived...

Brokers Weekly Featured

Real estate back as go-to career as market rebounds

Holly Dutton April 23, 2014 April 23, 2014

by Holly DuttonApril 23, 2014April 23, 2014

By Holly Dutton Sales volume and market confidence are drawing more professionals to the residential real estate world, according to industry experts. In the past … Continued

Featured Retail

Retail hits new record

REW Staff April 23, 2014 April 23, 2014

by REW StaffApril 23, 2014April 23, 2014863

Five new pricing records were set in the first quarter of 2014, including a nearly $31,000 psf deal that set the highest price per foot ever achieved in New York City. Speaking at Massey Knakal's First Quarter market briefing yesterday (Tuesday) partner James Nelson predicted more big numbers as eager buyers become increasingly bullish on Big Apple retail. “There’s a massive, massive uptick in pricing,ˮ said Massey Knakal partner, James Nelson. “Could there be a retail space that sells for $50,000 psf? It is entirely possible.ˮ Price per square foot in Manhattan shot up 25 percent from last year, from $1,051 to $1,315 in 1Q 2014. In the outer markets the price psf increased eight percent, from $258 to $279. Price per buildable square foot went up nine percent, from $193 to $209.

Deals & Dealmakers Featured

Re-pricing puts downtown office market at top of heap

REW Staff April 23, 2014 April 23, 2014

by REW StaffApril 23, 2014April 23, 2014

By Konrad Putzier Peter Turchin By at least one measure, Downtown’s office market is the hottest in the city. A total of 1.433 million square … Continued

Deals & Dealmakers Featured

Boutique back stronger than ever after recession battering

REW Staff April 22, 2014 April 22, 2014

by REW StaffApril 22, 2014April 22, 20141253

Joe Berko was on a visit to Brazil when Lehman Brothers filed for bankruptcy on September 15, 2008. “I was watching CNN and I knew: This is it. Something big just happened,” he recalled. When he returned to the U.S., he found a financial system that had gone into cardiac arrest. Berko’s promising, three-year-old investment sales and finance brokerage, Berko & Associates suddenly faced an uncertain future. “It was the scariest thing. I kept calling banks and no one picked up,” he said.

Construction & Design Featured Residential

Massive Astoria Cove development starts public review process

REW Staff April 21, 2014 April 21, 2014

by REW StaffApril 21, 2014April 21, 20141156

A plan to build a massive waterfront apartment development in Astoria was certified by the City Council today (Monday). If the 1,700-unit Astoria Cove project makes it through the public review process, shovels could be in the ground by 2016, according to developer, 2030 Astoria Developers, a joint venture led by local businessman John Mavrousdis.

Construction & Design Featured

Kaufman Astoria Studios announces blockbuster new stage plan

REW Staff April 21, 2014 April 21, 2014

by REW StaffApril 21, 2014April 21, 20141130

Kaufman Astoria Studios announced that it plans to build a new 18,000 s/f sound stage on its campus within the next two years. The new stage, which will be called Stage N, will bring the total number of stages at the historic Kaufman Astoria Studios to eight, not including the recently opened back lot.

Construction & Design Featured

Locals to get their say on $65M Jones Beach makeover

REW Staff April 21, 2014 April 21, 2014

by REW StaffApril 21, 2014April 21, 2014942

New York State Office of Parks, Recreation and Historic Preservation will hold a public information meeting on the $65 million Jones Beach Revitalization Plan. The five year plan will restore and transform the historic park. “We are relying on the community to be a great voice in this historic transformation. Thanks to the continuous investment from Governor Cuomo and the New York Works program, we are able to organize and execute extraordinary transformative initiatives like the Jones Beach Revitalization Plan,” said State Parks Commissioner Rose Harvey.

Deals & Dealmakers Featured

New York City going soft, says Sternlicht

REW Staff April 16, 2014 April 16, 2014

by REW StaffApril 16, 2014April 16, 2014812

Barry Sternlich, chairman and CEO of Starwood Capital, could be happier with the New York City hotel market, judging from a comment he made on CNBC last week. “I always watch New York City hotel rates and occupancy rates because, in my career at Starwood Hotels, I noticed New York City kind of lead the economy — up and down,” Sternlich said. “It started to recover before the economy recovered and it went over the hill before the economy went over the hill, and right now New York City is a little soft. It kinda bothers me that way.” Starwood is launching two new hotel brands that will have locations in New York, named Baccarat and 1.