Category : Featured

Fifth Avenue retail prices going nowhere but up
Deals & DealmakersFeaturedRetail

Fifth Avenue retail prices going nowhere but up

REW Staff
by REW Staff948
If the brick-and-mortar storefront is doomed, word still hasn’t reached Fifth Avenue. Average asking rent for retail space along the well-trod sidewalks between 49th and 59th streets was just over $3,000 psf, according to CBRE Group’s analysis of the second quarter of 2013. The need for brand exposure is driving the steady rent increases on prime Fifth Avenue, according to retail brokers, who think the increases are based on solid market fundamentals.
Featured

180 Water Street bought for $151 million

Sarah Trefethen
by Sarah Trefethen1345
180 Water Street in Lower Manhattan may be headed for a new life as an academic or residential asset. Emmes Asset Management purchased the building for $151 million, according to public records. The 24-story, 453,857 s/f office tower is scheduled to become vacant in 2015, when the city’s Human Resources Administration plans to move into 4 World Trade Center.
East River Blueway Plan gets more funding
FeaturedGreen Building

East River Blueway Plan gets more funding

REW Staff
by REW Staff993
By Maria Rocha-Buschel Local elected officials and community leaders announced $8 million in funding for the East River Blueway Plan last Thursday morning, allocating $1 million for a kayak launch at Stuyvesant Cove Park and $7 million for the creation of Brooklyn Bridge Beach.
FeaturedResidential

NYC’s best dressed doormen get the Savile Row treatment

Linda O'Flanagan
by Linda O'Flanagan1786
Doormen at some of the city’s top apartment buildings are getting the Savile Row treatment with tailor-made togs to rival anything the residents wear. According to leading uniform designer Jennifer Busch, CEO of I. Buss & Allan Uniform, in a city where first impressions count, the cut, style and color of staff uniforms are at the top of the shopping list at tony buildings. And when Men’s Wearhouse just won’t do, owners turn to some of the city’s leading designers to create winning looks for building staff.
Deals & DealmakersFeatured

Radigan bringing new life to the city’s skyline

Linda O'Flanagan
by Linda O'Flanagan1270
Michael C. Radigan leads the new Western Façades team formed by Western Construction Group, a national building restoration and preservation company founded in 1915. The newly formed team is dedicated to large-scale, complex façade restoration and re-cladding projects and rain-screen installations. Previously, Mike was responsible for managing the company’s North East Operations, including the New York, Boston, Washington, D.C and Philadelphia branches.
Deals & DealmakersFeatured

Joseph moving up on Madison

Sarah Trefethen
by Sarah Trefethen820
The London-based fashion retailer Joseph has signed a lease for approximately 1,750 s/f of retail space at 1061 Madison Avenue. The store is moving uptown from the Vornado-owned building at 816 Madison, where they have operated for 10 years at Madison and 68th Street. The new space, between 80th and 81st Street, was previously a Clarins Skin Spa.
Featured

Downtown Alliance president dead at 53

Sarah Trefethen
by Sarah Trefethen
Liz Berger Lower Manhattan has lost a tireless champion.  Elizabeth H. Berger, who served as the president and CEO of the Alliance for Downtown New … Continued
Featured

Commercial management drawing more players to the table

Linda O'Flanagan
by Linda O'Flanagan
Joseph Greenblatt By Linda O’Flanagan Modern property managers are swapping their clip boards and coveralls for a place in the boardroom and, if the Institute … Continued
Deals & DealmakersFeaturedPhoto Gallery

Battle of the Long Island brokers

REW Staff
by REW Staff1169
More than three dozen brokers representing firms from Long competed July 30 in a softball game day dubbed “Battle of the Brokers, Nassau vs. Suffolk” at Citi Field in Flushing, N.Y. The doubleheader was played on a softball field in the outfield grass and was organized by Wachtler Knopf Equities LLC (WKE), a Farmingdale, N.Y.-based property management firm.
Deals & DealmakersFeatured

ING grows to 144,000 s/f at 230 Park

REW Staff
by REW Staff938
Monday Properties and Invesco, owners of 230 Park Avenue, announced today that ING US, Inc., a provider of retirement, investment management and insurance products and services, has signed an 11-year extension of its lease at the landmark office tower. 230 Park Avenue ING has been located in 230 Park Avenue since 1984. They began with 55,000 square feet and have grown their footprint over the past 29 years. Effective in April 2014, ING will occupy 144,000 s/f of space, comprising the entire 13th and 14th floors at 230 Park Avenue