Category : Featured

EVO pouring on the new services

Sarah Trefethen November 1, 2013 November 1, 2013

by Sarah TrefethenNovember 1, 2013November 1, 2013932

EVO Real Estate is on the move. The former Winoker Realty, under new leadership and with a new name after founder David Winoker died in a skydiving accident last year, is “making a concerted effort to embrace new types of tenants and find the best deals in the best neighborhoods,” according to Dana Moskowitz, EVO’s president.

Deals & Dealmakers Featured

Pinsky taking RXR on sojourn out of town

REW Staff October 30, 2013 October 30, 2013

by REW StaffOctober 30, 2013October 30, 2013939

After a flurry of investments in Manhattan office towers, RXR realty is now placing a big bet on the suburbs. Three months ago, after five years as head of the city’s Economic Development Corporation, Seth Pinsky joined RXR as executive vice president and investment manager of the company’s Metropolitan Emerging Market Strategy. Pinsky will direct RXR’s previously announced plan to invest heavily in mixed-use projects in towns such as Hempstead, Long Island, where the company sees much higher growth potential than in the city.

Deals & Dealmakers Featured

Election outsider Hidary is tapping into his real estate roots

REW Staff October 30, 2013 October 30, 2013

by REW StaffOctober 30, 2013October 30, 20131003

A tech-savvy entrepreneur with ties to the real estate industry has big ideas for the city he was born and raised in. Businessman Jack Hidary — whose cousin Jack and his sons Abe, Eddie and Steven run the Manhattan-based development and acquisitions company Hidrock Realty — is running for mayor on an independent ticket, or what he calls the “Jobs and Education Party.” And he said he’s been buoyed by the support the real estate community has given him as he runs as one of six underdogs challenging Democrat Bill DeBlasio and Republican Joe Lhota. “People in the industry are concerned about the future of the city,” Hidary said. “They have a lot at stake and we want to make sure we can grow our city, and the real estate community is acutely aware of economic growth and tourism growth relating to real estate values.”

Construction & Design Featured

From submarine doors to aqua fences, owners are more prepared for flooding

REW Staff October 29, 2013 October 29, 2013

by REW StaffOctober 29, 2013October 29, 2013733

The fate of low-income home owners has dominated the media coverage of Hurricane Sandy’s aftermath. The aquafence has been in great demand since Sandy and has also been installed at Jane's Carousel in Brooklyn Bridge Park. But beyond the headlines, owners of large commercial and residential buildings are waging their own struggle to recover from the storm – albeit with much lower stakes. So far they have done surprisingly well. A recent report by Jones Lang LaSalle showed that the downtown Manhattan office market has rebounded strongly since the Hurricane.

Deals & Dealmakers Featured

REIT’s billion dollar NYC spending plan

REW Staff October 29, 2013 October 29, 2013

by REW StaffOctober 29, 2013October 29, 2013

By Konrad Putzier MIKE HAPPEL Days after paying $500 million for a Broadway office tower, American Realty Capital said it has $1 billion more where … Continued

Construction & Design Deals & Dealmakers Featured

Newark’s Panasonic project wins CoreNet award

REW Staff October 29, 2013 October 29, 2013

by REW StaffOctober 29, 2013October 29, 20131275

CoreNet Global has recognized the project team that brought Panasonic’s U.S. headquarters to a new building in Newark with a 2013 Economic Development Leadership Award for spurring economic development, investment and employment in the Brick City. The award was presented last week at CoreNet's Global North American Summit. Brick City Development Corporation (BCDC), the primary economic and business development company for Newark; the New Jersey Economic Development Authority; SJP Properties; Matrix Development Group; economic development incentives advisory firm Biggins Lacy Shapiro; and Newmark Grubb Knight Frank worked together to bring the $150 million Panasonic Corporation of North America headquarters to Newark.

Construction & Design Featured

City’s online building hub now covers everything down to kitchen sink

REW Staff October 28, 2013 October 28, 2013

by REW StaffOctober 28, 2013October 28, 2013780

The city’s Buildings Department has shaved another layer off the process of submitting plans for minor projects. On Monday, Commissioner Robert LiMandri announced that digital construction plans for all minor construction projects can now be submitted to the NYC Development Hub for a virtual review. Filing representatives and design professionals will be able to collaborate virtually for large Alteration Type-2 and Alteration Type-3 projects, which include home renovations, construction fences, and scaffolding.

Deals & Dealmakers Debt & Equity Featured

LCOR inks new deal to finance 25 Broad building for $110M

REW Staff October 25, 2013 October 25, 2013

by REW StaffOctober 25, 2013October 25, 2013703

HFF announced that it has arranged a $110 million permanent financing for 25 Broad at the Exchange, a newly-renovated, 308-unit, Class A multi-housing property in the Financial District. HFF represented LCOR to secure the seven-year, fixed-rate permanent loan with Northwestern Mutual Life Company. The deal puts the value the building at around $220 million, as companies typically leverage deals at 50 percent.

Featured Property Managers

Kuperberg named FirstService Residential chairman

REW Staff October 25, 2013 October 25, 2013

by REW StaffOctober 25, 2013October 25, 2013823

FirstService Residential New York, formerly known as Cooper Square Realty, has announced that David Kuperberg, its founder and chief executive, will become the company’s chairman and transition from his role as president effective December 31, 2013. At that time, Dan Wurtzel, an associate and partner of Kuperberg’s since the company’s earliest days, will succeed him as President and oversee day-to-day operations. Kuperberg, who founded Cooper Square Realty nearly 28 years ago, has driven the company from managing a single property with one employee (himself) to become the largest residential management firm in New York overseeing a portfolio of more than 500 condominiums, cooperatives, and rental properties across the five boroughs with an aggregate value of over $6 billion.

Featured Residential

Schlamm a winner at beating the odds

REW Staff October 24, 2013 October 24, 2013

by REW StaffOctober 24, 2013October 24, 20131140

David Schlamm is no typical New York broker, and he’s perfectly fine with that. His office is plastered with Grateful Dead paraphernalia (including a Jerry Garcia doll). His company, City Connections Realty, is out to break with industry traditions, and his colorful past offers enough material for a novel. But 25 years in the business have molded Schlamm into a rather square peg that, against the odds, fits the round hole that is the New York city real estate business. And he puts it all down to karma. “Trust is probably the most important thing to me. Even when I was broke and really needed money very badly, I always tried to do the right thing. Call it karma or good luck, but it all came back to me.”