Category : Featured

Bells and whistles back in demand as value takes back seat to amenities
FeaturedResidential

Bells and whistles back in demand as value takes back seat to amenities

REW Staff
by REW Staff791
With over-the-top features like the recent 50,000 s/f deck complete with tennis courts and a dog run at TF Cornerstone’s 4545 Center Boulevard in Long Island City, the bar has once again been set for luxury amenities for the well-heeled. But TF Cornerstone’s loaded amenity deck isn’t the only luxury addition turning heads these days. From saunas and Turkish baths to wine cellars and tricked out gyms, New York buyers are back in luxury mode, according to the city's brokers. In Lower Manhattan, upscale rental and sales condo building 15 Broad Street boasts a fully-functional bowling alley for residents, as well as an indoor lap pool, basketball and squash courts, and a yoga/ballet studio. “It’s not necessarily what they’re asking for anymore, it’s what they’re expecting,” said longtime Douglas Elliman agent Lawrence Rich of clients. “They want the whole kitchen sink.”
Construction & DesignFeatured

Chorus of approval for Hip Hop home’s $16M makeover

REW Staff
by REW Staff906
Hip Hop pioneer DJ Kool Herc, aka Clive Campbell, was among the guests who re-opened the renovated apartment building where the music genre was born last week. The formerly rundown 1520 Sedgwick Avenue on the Bronx has been reborn as a modern, affordable development through the city’s New Housing Marketplace Plan (NHMP) at a cost of $16.8 million. And as the ribbon was cut on the new-look 102-apartment building, DJ Kool was hailed for his role in the fight to restore the property.
FeaturedRetail

Brooklyn Night Bazaar finds 24,000 s/f permanent home

REW Staff
by REW Staff763
Kalmon Dolgin Affiliates, Inc. (KDA) has arranged a 24,000 square-foot lease for the Brooklyn Night Bazaar, a flea market and entertainment venue, at 29 Norman Avenue on the border of the Greenpoint and Williamsburg sections of Brooklyn, NY. Jacques Wadler and Vincent Lopez of Kalmon Dolgin Affiliates represented both the tenant and the owner in the deal. The Bazaar is relocating to 29 Norman Avenue from 45 North 5th Street in Williamsburg.
Deals & DealmakersFeatured

Varied menu keeps ex-cook Swingle at the top of his management game

Sarah Trefethen
by Sarah Trefethen1003
It’s been many years since Joseph Swingle’s clients have expected him to cook up a side of scrambled eggs. But before the start of his decades-long career in New York real estate, Cassidy Turley’s managing principal owned and operated a diner in Springfield, New Jersey for 12 years.
Deals & DealmakersFeatured

Gluck’s in on Lafayette

REW Staff
by REW Staff
By Konrad Putzier LARRY GLUCK Laurence Gluck’s Stellar Management has bought the commercial office building 123 Lafayette Street for $10.85 million. The six-story elevator building … Continued
Deals & DealmakersFeatured

Investors have new sweet spot

REW Staff
by REW Staff
By Holly Dutton Investors are increasingly looking outside of Manhattan to the outer boroughs for opportunity, according to the third quarter report from realty services … Continued
Deals & DealmakersFeatured

Dynasty daughters put names firmly on front door

REW Staff
by REW Staff1312
Dozens of people packed the house to listen to real estate scions Samantha Rudin Earls, Amy Rose, and Shari Goodstein Rossi share the ups and downs of being born into a real estate dynasty. Douglas Elliman retail chair Faith Hope Consolo moderated the event, hosted by New York Commercial Real Estate Women (NYCREW. The three women, all of whom serve in leadership roles in their respective companies, offered their thoughts on carrying the family torch. “You think a lot about the legacy you are a part of,” said Rose. “My father told me, ‘Remember, your name is on the door.’”
FeaturedResidential

Nobel Prize winner predicted housing bubble

REW Staff
by REW Staff700
In New York’s real estate community, the winner of this year’s Nobel Prize in Economics is a household name. Robert Shiller, a Yale economist, is the co-founder of the Case-Shiller Home Price Index, arguably the most important indicator of the strength of the U.S. housing market. But the index isn’t the only reason why real-estate professionals should know his name. Robert Shiller’s most important research – cited on Tuesday by the Nobel committee as the reason why he was chosen alongside Eugene Fama and Lars Peter Hansen of the University of Chicago – sheds a light on how irrationality shapes asset prices and creates bubbles.