Category : Featured

Worker shortages, rising costs cloud US construction forecast

REW Staff February 3, 2014 February 3, 2014

by REW StaffFebruary 3, 2014February 3, 2014595

Many firms plan to start hiring again and most contractors predict demand will either grow or remain stable in virtually every market segment this year, according to survey results released by the Associated General Contractors of America. The survey, conducted as part of Optimism Returns: The 2014 Construction Industry Hiring and Business Outlook, provides a generally upbeat outlook for the year, even as firms worry about growing worker shortages, rising costs and the impact of new regulations and federal budget cutting. “Contractors are more optimistic about 2014 than they have been in a long time,” said Stephen E. Sandherr, the association’s chief executive officer.

Deals & Dealmakers Featured

New York’s eat-what-you-kill real estate industry gives Siderow plenty to chew over

Sarah Trefethen February 3, 2014 February 3, 2014

by Sarah TrefethenFebruary 3, 2014February 3, 20141789

Asked to recall his favorite deal, Brad Siderow described a retail leasing coup in keeping with his sharp personal style. In 2011, the 4,000 s/f retail duplex at the Parkoff Organization’s 800 Madison Avenue was in need of a tenant, and Siderow was looking for space on behalf of a client, the suit maker Cesare Attolini.

Featured Residential

‘Garden’ apartments grow in popularity

REW Staff January 31, 2014 January 31, 2014

by REW StaffJanuary 31, 2014January 31, 2014717

If you think park view is the non-plus-ultra in Manhattan’s luxury market, then how about a view of two parks? Artimus Construction’s One Morningside Park faces its namesake green on one side, and is a block away from Central Park on the other. With the condo tower rising well above surrounding buildings, this makes for spectacular 360-degree views all the way to midtown.

Featured Residential

Super Bowl means business for city apartment brokers

REW Staff January 31, 2014 January 31, 2014

by REW StaffJanuary 31, 2014January 31, 2014684

New York's apartment brokers have carved themselves out a slice of the estimated $600 million this weekend’s Super Bowl is expected to pump into the area’s economy. While the biggest chunk of change is expected to be made in short-term rentals, the media glare brought by the nation’s biggest sporting event of the year has served as a great advertisement for tri-state real estate. “It has landed us some clients,” said Jordan Sachs, founder of the boutique BOLD NY residential brokerage.

Featured Residential

Former NFL star joins Elliman team

REW Staff January 30, 2014 January 30, 2014

by REW StaffJanuary 30, 2014January 30, 2014712

Former New York Jet Bret Lockett has joined the Ariel Cohen Team of apartment brokers at Douglas Elliman. “Bret Lockett is ambitious, enterprising and driven to succeed in everything he does. I am proud to have him on board and to give him the opportunity to launch what is sure to be a banner real estate career with The Ariel Cohen Team,” said Ariel Cohen, founder of the Ariel Cohen Team.

Deals & Dealmakers Featured

Hampshire Co. buys $100M Prologis portfolio

REW Staff January 30, 2014 January 30, 2014

by REW StaffJanuary 30, 2014January 30, 2014905

New Jersey-based investment firm, Hampshire Companies, has purchased the nearly one-million square feet Prologis Fairfalls Industrial Portfolio in the Garden State. While no price was announced, experts previously estimated the 28-building package that is scattered throughout the region’s top submarkets in the region of $100 million.

Deals & Dealmakers Featured

City basks in Super Bowl spotlight

REW Staff January 29, 2014 January 29, 2014

by REW StaffJanuary 29, 2014January 29, 20141017

New York City's real estate is set for its moment in the spotlight when the Super Bowl comes to town this weekend. From the gleaming new 4 World Trade Center, which will be featured in a Bud Light television advertisement, to the iconic 230 Park Avenue which will stage a light show salute to the Seattle Seahawks and the Denver Broncos, the contenders for the Super Bowl XLVIII NFL football championship, the Big Apple is braced for a party.

Construction & Design Featured Residential

Eichner tower will top One Madison

REW Staff January 28, 2014 January 28, 2014

by REW StaffJanuary 28, 2014January 28, 2014927

The residential skyscraper planned for 41 East 22nd Street is getting taller, according to Department of Buildings filings. The most recent documents, from late last year, describe a 60-story, 765-foot tower that is 75 feet wide at the base and 122 feet wide at the top. Air rights from six neighboring buildings have been assembled to create the fluted tower, which will cantilever over the neighboring five-story residential building at 33 East 22nd.

Deals & Dealmakers Featured

Matthew Stacom dead at age of 95

REW Staff January 28, 2014 January 28, 2014

by REW StaffJanuary 28, 2014January 28, 2014876

Matthew Stacom, the broker who arranged the sale of the development site that would become the Sears Tower to Sears, Roebuck & Co. in 1962, died this weekend at the age of 95. Stacom, a Long Island City-born son and grandson of housing builders, began working at Cushman & Wakefield in 1946 and stayed with the brokerage for 67 years, according to an announcement from the Young Men’s / Women’s Real Estate Association. Stacom was one of the 20 founding members of the YM/WREA and the third chairman of the organization.

Deals & Dealmakers Featured

Tarter Stats O’Toole joins Coldwell Banker Commercial Alliance

REW Staff January 28, 2014 January 28, 2014

by REW StaffJanuary 28, 2014January 28, 2014970

The New York office of Coldwell Banker Commercial (CBC) Alliance has announced that real estate firm Tarter Stats O’Toole (TSO) has joined its growing brokerage operation. TSO has served the office and retail commercial real estate market in Manhattan for over three decades. It is the exclusive broker for over three million square feet of properties in total, including such landlords and assets as LPC Realty Advisors I, Ltd. and 250 west 39th Street; Zamir Equities and 587 5th Avenue; Hartz Mountain Industries/Leonard Stern; and Renaissance Properties and Kenneth Fishel. The firm’s three partners, Catherine O’Toole, Stephen Tarter, and Nora Stats, as well as a staff of seven brokers, are now part of CBC Alliance, significantly strengthening the firm’s NYC operation.