Category : Featured

Finance sector getting back in the office game
Deals & DealmakersFeatured

Finance sector getting back in the office game

REW Staff
by REW Staff639
New York’s financial sector could make its long-awaited comeback in 2014, according to Cushman & Wakefield’s chief economist Ken McCarthy. “There will be a positive absorption from the financial industry this year,” McCarthy said at the presentation of Cushman &Wakefield’s fourth-quarter report. “It may not be a boom, but there will be growth.”
Thor buys Soho store from Massimo
FeaturedRetail

Thor buys Soho store from Massimo

REW Staff
by REW Staff717
Thor Equities announced the purchase of 452 West Broadway in SoHo for $6 million. The seller was Ferrim USA, a company owned by the designers Massimo and Alberta Ferretti. Neighboring retailers include Emporio Armani, Missoni, La Perla, and Reiss. Laduree and Bonpoint are under construction and set to debut in 2014.
Deals & DealmakersFeatured

Burger officially in charge at Silverstein Properties

REW Staff
by REW Staff1608
Two years after being named co-CEO, Marty Burger has been appointed chief executive office of Silverstein properties. The announcement was made Tuesday by Larry A. Silverstein, who will continue as chairman of the company and will continue to oversee the redevelopment of the World Trade Center. Burger will be in charge of the day-to-day operations of Silverstein Properties. He also will continue to lead efforts to develop new projects in the United States, China, Eastern Europe and Israel.
Barclays, Shake Shack neighbor hits retail market
FeaturedRetail

Barclays, Shake Shack neighbor hits retail market

Sarah Trefethen
by Sarah Trefethen940
The anticipated boom in retail space around the Barclays Center is well under way, according to Michael Pintchik, a landlord with a number of properties in the area. The landlord is about to begin marketing a 3,700 s/f foot retail space directly across from the Barclays Center for rent for $250 psf. The space abuts 170 Flatbush Avenue where build-out work will soon be underway on the 21st location of Danny Meyer’s Shake Shack, according to Pintchik.
Construction & DesignFeaturedResidential

Less is more as work starts on New Jersey’s tallest apartment tower

REW Staff
by REW Staff1108
Mack-Cali Realty Corporation and Ironstate Development Company broke ground today (Tuesday) on a new type of residential tower: URL® Harborside. URL, which stands for Urban Ready Living, is a direct response to demand for apartments that use less energy, provide more innovative spaces, and offer public areas that foster community. Once complete, the 69-story residential tower that will bring 763 rentals to Mack-Cali’s Harborside development on the Jersey City Waterfront, will be the tallest apartment building in the state.
Thomas Scarangello takes reins at NYBC
Construction & DesignFeatured

Thomas Scarangello takes reins at NYBC

REW Staff
by REW Staff1316
Thomas Z. Scarangello, a structural engineer who has worked on some of New York City’s most iconic projects, has been elected chairman of the New York Building Congress, succeeding AECOM Chairman and CEO John Dionisio. Scarangello was installed as chairman during the Building Congress’ Annual Membership Meeting, held on January 13. Scarangello is chairman and Chief Executive Officer of Thornton Tomasetti, one of the world’s pre-eminent engineering firms.
Construction & DesignFeatured

Fascinating time-lapse of Marriott rising up

REW Staff
by REW Staff693
On Monday, Marriott International and G Holdings opened the tallest single-use hotel in North America at 1717 Broadway.The combined 378-room Courtyard hotel and 261-suite Residence Inn hotel in Midtown Manhattan has 68 stories and cost $320 million. Take a look at this time-lapse of the two-year construction:
Construction & DesignDebt & EquityFeaturedProperty Managers

Eco-investors invited to make withdrawal from the Green Bank

REW Staff
by REW Staff785
Governor Andrew M. Cuomo this week announced $210 million in initial funding for NY Green Bank, a new market oriented approach aimed at speeding up clean energy deployment, creating jobs, and making communities more sustainable. The funding combines $165 million redirected from other programs and approved by the Public Service Commission (PSC) and $45 million from the Regional Greenhouse Gas Initiative (RGGI). “With this funding we will attract greater investment in New York, accelerate clean energy deployment, and modernize our grid,” Governor Cuomo said.
CORE duo singing their way to success
FeaturedResidential

CORE duo singing their way to success

REW
by REW1252
At a past showing on East 83rd Street, Tom Postilio decided to go with his gut. The tour of the apartment was almost over and he felt the interested couple needed a final nudge. So Postilio stopped in his track and started singing Frank Sinatra’s “All the Way” – the couple’s wedding song. What would be weird coming from any other broker worked for Postilio, who had spent years singing Sinatra on stage. “That sealed the deal,” he said.
Construction & DesignFeatured

Set redesign is the big story at local news station

REW Staff
by REW Staff1437
NY1 News, the City’s most-watched local news network, started the New Year with a fresh new interior. Set designers, construction workers and demolition crew worked to meet a tight deadline as part of a redesign and rebranding effort by owner, Time Warner Cable News, to enhance the news brand and quality of its broadcast. “Full credit really goes to our news staff, because they are always able to roll with the punches,” said Steve Paulus, Time Warner Cable senior vice president of news and local programming.  “Our team managed to deliver the news as always, despite all the noise and interruptions during the construction, and viewers had no idea. When our power went out during Sandy, staffers stayed at nearby hotels and still came to work every day with no heat in the newsroom.  They are used to adapting to change.”