Category : Featured

Deals & DealmakersFeatured

Marriott opens North America’s tallest hotel

REW Staff
by REW Staff1179
Marriott International and G Holdings the new $380 million tallest single-use hotel in North America at 1717 Broadway yesterday (Tuesday). A combined 378-room Courtyard hotel and 261-suite Residence Inn hotel the property was built and is owned by G Holdings and managed by Interstate Hotels & Resorts. The 68-story building is steps from Central Park and Times Square and offers guests access to Carnegie Hall, the Broadway Theater District, Fifth Avenue, Rockefeller Center and Radio City Music Hall. Also on Tuesday the company announced that it has closed on the sale of it's three Edition Hotels, a new brand that includes the Met Life Tower overlooking Madison Square.
West Village tastes are changing
FeaturedRetail

West Village tastes are changing

REW
by REW850
Two new stores will continue to fuel the retail resurgence on Greenwich Village’s West Eighth Street. Maison Adam, a French pastry shop, and an Italian wine bar will move into spots previously occupied by food stores. Steve Rappaport, managing director at Sinvin Real Estate, leased the two 400 s/f units on opposite sides of the street for $217 psf. According to the most recent report from REBNY, average retail asking rents in the West Village are $364 psf.
Deals & DealmakersFeatured

Macklowe to turn 156 William into medical office building

REW Staff
by REW Staff1336
William Macklowe Company (WMC) announced today (Tuesday) the company has closed on the purchase of 156 William Street, which it plans to develop as the area's first-ever medical office building. “We believe this is the highest and best use for the asset as it will fill a critical need in this dynamic and evolving business and residential community,” stated WMC CEO Billy Macklowe, whose firm acquired the 12-story Emery Roth-designed office building from Capstone Realty Advisors for $62.5 million.
Construction & DesignFeatured

Hill International buys Collaborative Partners

REW Staff
by REW Staff685
Construction risk manager Hill International announced that it has acquired Collaborative Partners, Inc., a firm that provides project management, strategic planning and regulatory services for healthcare, life sciences, educational, commercial and residential construction projects throughout New England. Collaborative Partners, which has 20 professionals, has offices in Boston, Massachusetts and Providence, Rhode Island. Terms of the transaction were not disclosed.
FeaturedResidential

Russian expat wants to get to know neighbors

REW Staff
by REW Staff1509
Many New York brokers made it into real estate by chance or changing personal fortunes. For Karina Sagiev, it took nothing less than the collapse of an empire. Born in 1973, Sagiev grew up in Soviet Moscow — 8,000 miles and a world apart from the shiny heights of Manhattan real estate. In the capital of fixed prices, (legal) entrepreneurship was an impossibility and brokers about as common as palm trees. Then came Mikhail Gorbachev’s reforms, shaking up world politics and Sagiev’s career plans.
Deals & DealmakersFeatured

Foresight puts industry stalwart right in middle of the big picture

REW Staff
by REW Staff842
After 50 years in the real estate industry, David Berley is still going strong. Now in his 70s, the chairman of Walter & Samuels has done $1 billion in deals in the last three years alone, and doesn’t seem to plan on slowing down any time soon. The walls of the firm’s Midtown South office — where Berley relocated it from 342 Madison Avenue in the 1970s — are covered in portraits of its assets, but Berley seems able to rattle off the addresses of all his buildings from memory.
What’s cooking for 2014? Hell’s Kitchen among neighborhoods to watch
FeaturedResidential

What’s cooking for 2014? Hell’s Kitchen among neighborhoods to watch

REW Staff
by REW Staff738
It was a year in residential real estate in New York City that saw plummeting inventory, record sales volume and the emergence of ultra-savvy buyers into the marketplace, who aren’t settling for anything less than spectacular. “People aren’t shelling out millions just to be somewhere,” said Robert Danker, president of Prime Manhattan Residential. “It’s a good push by the consumer, demanding well thought out, high-quality homes, which is what some of the better and more active developers are delivering, and really taking the time and spending effort not to just build something, but focus on the quality and utility of what they’re building. If you build it they will come — and it’s happening.”