Category : Featured

Deals & DealmakersFeatured

Cushman team sells $98M Pearson facility

REW Staff
by REW Staff792
Cushman & Wakefield has completed the sale of 258 Prospect Plains Rd. in Cranbury, an 886,826 s/f industrial facility fully occupied by Pearson Education and known as Pearson at 8A. The class A facility traded for $98 million. The property is known as Pearson 8. The firm's Metropolitan Area Capital Markets Group (CMG) team of Andrew Merin, Gary Gabriel, David Bernhaut and Grace Braverman represented the seller, Exeter Property Group. The buyer was an institutional investor advised by Seattle-based Bentall Kennedy (U.S.) LP.
Stephen Ross donates $200M to alma mater
Deals & DealmakersFeatured

Stephen Ross donates $200M to alma mater

REW Staff
by REW Staff
STEPHEN ROSS Real estate developer and alumnus Stephen M. Ross will give $200 million to the University of Michigan to “significantly transform the student experience” … Continued
Deals & DealmakersFeatured

Industry mourns passing of Harold Bressler

REW Staff
by REW Staff1127
Guardian Service Industries, Inc. (Guardian), one of New York’s oldest, privately-held corporations, announced the passing of Harold Bressler, Chairman Emeritus, at the age of 91. Mr Bressler died of natural causes. His funeral was held on August 29. Harold Bressler served as chairman of the board of Guardian Services since the 1945. He remained actively involved in the company until his passing.
HKS secures $34M for boutique NoMad hotel venture
Debt & EquityFeatured

HKS secures $34M for boutique NoMad hotel venture

REW Staff
by REW Staff649
HKS Capital Partners has secured a $34 million loan financing the construction of a hotel on a vacant site in the NoMad neighborhood. Simon Development Group, KSNY, Eagle Point Hotel Partners and an affiliate of Cube Capital are turning the lot, at 11 East 31st Street,between Madison and Fifth Avenues into a new 250-room hotel. Doral Bank provided the loan.
FeaturedResidential

Gerringer is right where he’s supposed to be

REW Staff
by REW Staff721
Three years after returning to his roots at The Marketing Directors, Andy Gerringer says he’s right where he’s supposed to be. “I am so grateful to work in a field that I am passionate about, and share it with smart, wonderful people along the way,” said Gerringer. “The Marketing Directors was a place that helped me grow and learn, and so when the opportunity presented itself, I was excited to return. It’s exactly where I want to be in my career.” To many in the business, it was a surprise when Gerringer left Douglas Elliman after 19 years to become the managing director of new business at The Marketing Directors.
Deals & DealmakersFeatured

HFF shows developer money for midtown site

REW Staff
by REW Staff765
HFF announced it secured acquisition and pre-development financing for 138 East 50th Street in Manhattan’s Midtown East neighborhood. 138 East 50th Street HFF worked on behalf of the borrower, 50 Lex Development, LLC. The borrower is a joint venture of Ceruzzi Holdings LLC of New York and Immovate North America, Inc., a subsidiary of Immovate Projektentwicklungs GMBH of Graz, Austria, in arranging the two-year, floating-rate, non-recourse loan with a major U.S. investment bank.
FeaturedResidential

Keller Williams NYC partners with Italian brokerage

REW Staff
by REW Staff886
After five years in the economic doldrums, Italy is enjoying a real estate renaissance. And Keller Williams NYC has announced plans to take advantage, announcing a partnership with the boutique Lionard agency in historic Pistoia, and a portfolio of 800 listing worth more than $6 billion. “This is a great time to invest in Italy, after five years of a very difficult real estate,” says Richard Tayar, KWNYC Executive Director of International Relations and Director of Italian Property Services.