Category : Featured

Children’s Aid Society taps two teams to sell Rhinelander Center
Deals & DealmakersFeatured

Children’s Aid Society taps two teams to sell Rhinelander Center

REW Staff
by REW Staff674
The Children's Aid Society has tapped two top sales team to market its Rhinelander Center for sale. Cushman & Wakefield announced today (Friday) that the firm and the Douglas Elliman Tavivan Sporn Team have been selected to co-market the facility located at 350 East 88th Street, between First and Second Avenues on Manhattan’s Upper East Side
Construction & DesignFeaturedResidential

TF Cornerstone to build 1,200 Hunter’s Point apartments

REW Staff
by REW Staff888
TF Cornerstone, the family-owned development firm responsible for transforming a swathe of the Long Island City waterfront, has been tapped to built the second phase of the city's massive Hunter's Point South development. New York Department of Housing Preservation and Development (HPD) Commissioner RuthAnne Visnauskas announced that TF Cornerstone would work with the non-profit for seniors, Selfhelp, to build two high-rises with 1,193 new apartments.
Deals & DealmakersFeatured

Non-profit leases 218,000 s/f at Kushner tower

REW Staff
by REW Staff586
In one of the largest nonprofit transactions of the year, Colliers International has arranged a 30-year, 218,000 s/f lease on behalf of United Cerebral Palsy of New York City for the entire building at 80 West End Avenue. The New York City nonprofit – which provides direct services, technology, and advocacy to children and adults with cerebral palsy and other disabilities – recently sold its existing building at 122 East 23rd Street in Gramercy Park. The organization is scheduled to relocate to its new facility at the corner of West 63rd Street in the fourth quarter of 2014, pending build-out of the space.
Solil signs 27,508 s/f sub-lease at 1185 6th Av
Deals & DealmakersFeatured

Solil signs 27,508 s/f sub-lease at 1185 6th Av

REW Staff
by REW Staff821
Solil Management, the large real estate company that manages the assets of the late real-estate mogul Sol Goldman, recently signed a 14-year-sublease from Hess Corporation for the entire 10th floor at 1185 Avenue of the Americas. The sub-lease for 27,508 sq. ft. goes until the end of 2027. Hess Corp. occupies six additional floors in the building and has fourteen years remaining on its existing lease. The tenant, Jane Goldman is the daughter of the late Sol Goldman, the founder of Solil Management. Solil Management is moving from 640 Fifth Avenue, where they have been located for some 30 years.
Deals & DealmakersFeatured

New York land rush entering uncharted territory

REW Staff
by REW Staff802
2013 has seen land in Manhattan trading at prices in “uncharted territory,” MaryAnn Tighe told the audience at this month’s REBNY luncheon. The prices — by one count they’ve doubled since 2007 — have been driven by high-end residential development, according to the panel. “Land is the best indicator of what’s going on in the market,” added Woody Heller an executive managing director at Studley,
Shirt giant signs 224,000 s/f renewal at 501 Seventh Ave.
Deals & DealmakersFeatured

Shirt giant signs 224,000 s/f renewal at 501 Seventh Ave.

REW Staff
by REW Staff974
Clothing giant Phillips-Van Heusen (PVH) has signed a long-term renewal and expansion lease at 501 Seventh Avenue, a building owned by Empire State Realty Trust, Inc.. Thomas P. Durels, ESRT’s chief of property operations and leasing, said the renewal and expansion brings PVH's occupancy to 223,616 s/f on part of the third, fifth and ninth floors and all of floors 10-15.
Deals & DealmakersFeaturedRetail

Thor shops for more Soho space

REW Staff
by REW Staff569
Javeri Capital has raised its bet on Soho after nearly doubling its money on a Greene Street retail condo. The company announced Monday that it had sold the retail condo at 115 Mercer to Joe Sitt’s Thor Equities for $16.4 million and simultaneously bought a property on Greene Street. Atit Javeri, principal of Javeri Capital, said he paid $7.8 million when he purchased the retail in 2010.
FeaturedRetail

Brokers get taste of what’s cooking on retail front

REW Staff
by REW Staff969
If retail experts are right, New Yorkers will soon buy their groceries on the subway, or in walk-in cookbooks. These new concepts from Seoul and Frankfurt are just two of the retail innovations that could make it to the Big Apple in coming years. New Yorkers have already embraced great European retail inventions such as the overpriced, French-sounding sandwich shop — but experts say that more is to come. "Everything always ends up right here because it’s the biggest the retail market in the world,” said Faith Hope Consolo, chairman of the retail group at Douglas Elliman.
FeaturedResidential

Recovering market inspires entrepreneurs to go it alone

REW
by REW1902
Best friends since birth, Todd Jacobs and Jordan Sachs moved to New York City with big dreams seven years ago. The duo started Bold NY, a boutique residential brokerage, in late 2010 with just three people and now have a staff of 25. The two are clearly passionate about their business, which they started in a one-bedroom apartment on the Lower East Side.