Category : Featured

FeaturedResidential

It’s all about tactics for soccer fan Udi Erez

REW
by REW1221
“In life, you get one chance to score a goal,” Udi Erez said at a recent meeting in Elad Group’s midtown office. For Erez, that chance came in 2007. As CEO of Elad Canada Group, he decided to buy an 8,400-unit MetCap portfolio in Montreal and Toronto for $750 million. It turned out to be a game changer.
FeaturedResidential

Tech-driven real estate firms stepping into the main arena

REW Staff
by REW Staff911
A startup boom has taken over the New York City real estate scene, and young guns and seasoned veterans alike are jumping at the chance to hit it big. Tech startups like Real Direct, which was founded three and a half years ago by Doug Perlson, are quickly gaining traction in a tech-frenzied culture that is seeing the benefits apps have on business.
Deals & DealmakersFeatured

Pitney Bowes inks 74,000 s/f Stamford deal

REW Staff
by REW Staff855
itney Bowes, the global information technology management company, has inked a 74,000 s/f lease for its new international headquarters at the Ashforth Company’s 3001 Stamford Square. Ashforth recently completed a multi-million dollar renovation of the 290,000 s/f property that features office space on seven floors with four levels of underground parking. “We are thrilled that, after an extensive search, Pitney Bowes has selected our 3001 Stamford Square property as its new global headquarters, ” said Darrell Harvey, co-CEO of The Ashforth Company.
Top cop Ray Kelly named new risk management boss at Cushman
Deals & DealmakersFeatured

Top cop Ray Kelly named new risk management boss at Cushman

REW Staff
by REW Staff1087
Former police commissioner Ray Kelly has been named president of risk management at Cushman & Wakefield. He’ll lead a newly-created group that will work with companies across the globe on everything from cyber security intelligence and crisis management to site selection and emergency preparedness. "Commissioner Kelly could have chosen from a multitude of companies to work for and we are honored that he elected to join Cushman & Wakefield,” said the firm’s president & CEO Ed Forst.
Chinese buyers seeking new frontiers
Deals & DealmakersFeatured

Chinese buyers seeking new frontiers

REW Staff
by REW Staff878
No longer just looking to buy in Midtown or Flushing, Chinese buyers are starting to branch out into other parts of the city. “We’ve seen a big change in terms of where they are going,” Gordon Hoppe, Director of Sales at Corcoran Sunshine, said at a recent press conference hosted by the Asian Real Estate Association of America (AREAA). He explained that Chinese buyers used to look at buildings close to Columbia and NYU, in Midtown, and near the rivers. But in the past six to twelve months this has shifted.
Attorney General investigating Africa Isarel, Boymelgreen for fraud
FeaturedResidential

Attorney General investigating Africa Isarel, Boymelgreen for fraud

Sarah Trefethen
by Sarah Trefethen2032
Two prominent developers, Africa Israel Investments Limited and Jeshayahu “Shaya” Boymelgreen, have been barred from selling condos and coops in New York, pending a fraud investigation by the State Attorney General’s Real Estate Finance Bureau. The developers were ordered by a Manhattan State Supreme Court Justice Thursday to testify in response to the AG's allegations. The case centers on Downtown Condominium, a 400-unit residential development in the Financial District directly across the street from the New York Stock Exchange. Africa Israel and Boymelgreen renovated the landmarked building, which has the address 15 Broad Street, in 2002. They then sold all the units in a public offering that grossed them at least $360 million, according to the attorney general’s office. The developers then allegedly stopped working on the renovations, even though the building didn't have a permanent certificate of occupancy.
Building Congress endorses Port Authority spending plan
Construction & DesignFeatured

Building Congress endorses Port Authority spending plan

REW Staff
by REW Staff1074
New York Building Congress president Richard T. Anderson offered the organization’s unqualified support for the Port Authority of NY & NJ’s $27.6 billion, ten-year capital plan. During testimony at the bi-state agency’s Board of Commissioners meeting in Manhattan last week, Anderson said, “The Port Authority’s ten-year capital plan is a fundamental re-affirmation of the agency’s core mission to build and maintain the transportation infrastructure that sustains the world’s largest metropolitan economy.
Tech start-up takes 13,000 s/f offline at 636 Sixth Ave.
Deals & DealmakersFeatured

Tech start-up takes 13,000 s/f offline at 636 Sixth Ave.

REW Staff
by REW Staff945
Tech company Movable Ink has signed a 13,000 s/f sublease at Macklowe and Company’s 636 Avenue of the Americas. Elliot Warren of the Kaufman Organization represented Movable Ink and Jim Wenk of Jones Lang LaSalle represented the sub-landlord, SecondMarket. Terms of the deal were not disclosed.
FeaturedPhoto Gallery

PHOTO GALLERY: REW Women’s Forum 2014

Holly Dutton
by Holly Dutton
Darcy Stacom (left) of CBRE and Marci Fagan of Paradigm Realty More than 550 investors, owners, developers, financiers and other industry principals took part in … Continued
Herman says answer to success is about having a little bit of pluck
FeaturedResidential

Herman says answer to success is about having a little bit of pluck

REW Staff
by REW Staff1372
By Linda O’Flanagan To be successful, you can’t be afraid to fail, said Dottie Herman, the CEO of Douglas Elliman Real Estate, New York’s largest residential brokerage. “Most people are afraid to fail, but anyone who is successful, a man or a woman, will tell you they failed many times...