Category : Featured

Adams inks 100,000 s/f in midtown south deals
Deals & DealmakersFeatured

Adams inks 100,000 s/f in midtown south deals

REW Staff
by REW Staff1031
Adams & Co. Real Estate has brokered a total of 104,979 s/f i leases at 10 West 33rd Street, 44 West 18th Street and 1115 Broadway. David Levy and James Buslik, principals of Adams & Co. brokered the three deals.
Deals & DealmakersFeatured

Out-dated land law gets chance to pass in US Congress

REW Staff
by REW Staff960
A REBNY-backed bill that would exempt condo developers from an outdated land-sales law has another chance to pass the U.S. Congress this year. The bill creates an exemption to the 1968 Interstate Land Sales Full Disclosure Act (ILSA). If it is passed into law, developers of new condominiums or timeshares of 99 units or more to will no longer have to register their buildings with the U.S. Department of Housing and Urban Development.
Deals & DealmakersFeatured

Kaufman spending millions bringing midtown portfolio back into play

REW Staff
by REW Staff957
The Kaufman Organization and Principal Real Estate Investors announced the joint venture acquisition of four former Ring buildings in the NoMad and Flatiron districts from Extell Development Company. Fred Leffel, Grant Greenspan, and Michael Kazmierski of the Kaufman Organization and Kyle Elfers of Principal Real Estate Investors led the efforts in securing a 99-Year net lease for the properties; all of which are slated for extensive capital improvements. “These buildings represent one of the largest blocks of vacant space in what is perhaps the tightest office submarket market in the US,” saidLeffel. ”The turnaround opportunity they represent perfectly complements our core competencies as a pro-active, value-add owner- operator of older Manhattan office stock.”
Deals & DealmakersFeatured

Midtown on right track, Malkin tells REIT group

REW Staff
by REW Staff793
Amid growing interest in fringe locations, some observers are predicting the demise of Midtown’s office market. But heavyweight investors Anthony Malkin and Nicholas Schorsch beg to differ. “Our locations are irreplaceable,” Malkin told an audience at yesterday’s (Tuesday) NYU Schack REIT Symposium at The Pierre. The CEO of Midtown-heavy REIT Empire State Realty Trust touted proximity to Penn Station, Grand Central Terminal and several subway lines as a crucial advantage over downtown Manhattan or the far Westside
Go-getter Josh Schuster building his own real estate legacy
Deals & DealmakersFeatured

Go-getter Josh Schuster building his own real estate legacy

REW Staff
by REW Staff4031
Josh Schuster is just 30 years old, but he lays claim to $500 million worth of residential and mixed-use development to date, and another $200 million pipeline across New York City. Real estate is in the young developer’s blood. His grandfather, Jack Schuster, was an owner’s representative for the Zeckendorfs. But his grandson grew up far from the world of zoning and construction permits, on 26 acres in rural Ohio. He drove 60 miles each way to go to school.
Construction & DesignFeaturedResidential

Architects rethink designs in wake of hurricane

REW Staff
by REW Staff1097
In a post-Sandy world, designers of waterfront communities had to get creative and be smart about the way they would build along bodies of water. Three companies building projects along very different parts of the waterfront shared details on the design process at a recent panel on housing after Hurricane Sandy hosted by the American Institute of Architects. One of the most highly-publicized and hotly-anticipated waterfront projects is Two Trees’ $1.5 billion re-development of the former Domino Sugar Factory in Williamsburg into a mixed-use community.
Thomson Reuters inks 93,000 s/f Hoboken lease with SJP Properties
Deals & DealmakersFeatured

Thomson Reuters inks 93,000 s/f Hoboken lease with SJP Properties

REW Staff
by REW Staff1119
Media giant Thomson Reuters is expanding its Hoboken offices to 93,000 s/f in SJP Properties’ Waterfront Corporate Center II. SJP announced this morning (Thursday) that Reuters will relocate 450 employees from New York City. The company is headquartered at 3 Times Square. Joseph Cabrera and Tim Kuhn, formerly of Cushman & Wakefield, represented Thomson Reuters in the transaction. SJP was represented in-house by Senior Vice President Peter Bronsnick.
Rudin family still loving New York for Lew
Deals & DealmakersFeatured

Rudin family still loving New York for Lew

Sarah Trefethen
by Sarah Trefethen1911
Lew Rudin made his mark advocating for and advancing the role of real estate interests in the New York City’s civic life. His legacy lives on in his family, but he might not have fully approved of his firm’s current signature project, the redevelopment of St Vincent’s Hospital. “My dad always said, don’t get involved with a zoning change or ULURP,” said Lew’s son, Bill Rudin, now CEO of Rudin Management. “He wasn’t around so we didn’t quite listen to him.” But in other ways the goals of the project epitomize Lew Rudin’s commitment to public-private partnership and a philosophy he called “enlightened self-interest.”
Elliman partners with Federal Saving Bank
Debt & EquityFeaturedResidential

Elliman partners with Federal Saving Bank

REW Staff
by REW Staff889
Douglas Elliman Real Estate announced a partnership with The Federal Savings Bank (TFSB), one of the largest privately held banks focused on residential home lending in America. “The home mortgage is critical to our core business, the buying and selling of real estate,” said Dottie Herman, president and CEO of Douglas Elliman.