Category : Featured

Why the Flatiron District has earned its sizzling new rep’

REW July 31, 2013 July 31, 2013

by REWJuly 31, 2013July 31, 2013996

If it’s hot, it’s happening in the Flatiron District. The neighborhood famously named for a triangular-shaped building at the epicenter of its territory has become a magnet for buyers and renters.

Deals & Dealmakers Featured

Bonjour nabs LIC bargain

REW Staff July 31, 2013 July 31, 2013

by REW StaffJuly 31, 2013July 31, 2013673

Bonjour Capital has bought the Crescent Club in Long Island City for $81.5 million. Eastdil brokered the sale between a partnership of Simon Development and Meadow Partners, and Bonjour.

Featured Retail

JLL buys retail firm

REW Staff July 30, 2013 July 30, 2013

by REW StaffJuly 30, 2013July 30, 20131396

Jones Lang LaSalle’s has acquired Surge Retail International, a New York and Boston-based specialty retail tenant representation firm. The price was undisclosed. Surge Retail’s co-founders, Steve Ferris and Michael Hirschfeld, will join the firm as senior vice presidents and co-lead JLL’s National Retail Tenant Services practice. They will work closely with Lew Kornberg to expand the firm’s retail tenant representation capabilities, targeting premium and high-end retailers occupying space in enclosed malls, outlet centers and dense, urban retail markets across the United States, as well as international retailers wanting to expand throughout North America.

Deals & Dealmakers Featured

Bidders sticking fingers in Malkins’ REIT pie

REW Staff July 30, 2013 July 30, 2013

by REW StaffJuly 30, 2013July 30, 2013816

Baking can be challenging with kids around. They like to try to take the Hersey’s Kiss toppings and eat them before the cookies even go in the oven. Peter and Anthony Malkin are facing a similar problem in the efforts to consolidate the various property-management responsibilities of Malkin Holdings (19 buildings in total) into a single, publically traded REIT, to be named after the star of the portfolio, the Empire State Building. People keep trying to grab the best parts before they all get baked together.

Featured Residential

Williamsburg Social working it as a rental

REW Staff July 25, 2013 July 25, 2013

by REW StaffJuly 25, 2013July 25, 2013680

SL Green has put its name to a new apartment development in Brooklyn. Williamsburg Social is the first foray into the Williamsburg market for developer, Magnum Real Estate Group, "probably say it’s the first of many,” according to the builder, who says shared amenities are proving to be a big draw among renters.

Deals & Dealmakers Featured

Pandora, IMG ink deals totaling 124,000 s/f with SL Green

REW Staff July 25, 2013 July 25, 2013

by REW StaffJuly 25, 2013July 25, 2013702

Internet music provider Pandora Media has signed a 10-year lease for 52,000 s/f at SL Green's 125 Park. And global sports and media biz IMG is expanding to 72,000 s/f at 304 Park.

Deals & Dealmakers Featured

Rudin partners with tech company to ‘plug in’ 32 Ave. of the Americas

REW Staff July 24, 2013 July 24, 2013

by REW StaffJuly 24, 2013July 24, 2013946

Telx, a provider of interconnection and data center services, has “plugged in” to the Rudin Family’s 32 Avenue of the Americas in TriBeCa. The cloud enablement provider has signed a 20-year, 45,000 s/f lease for the entire 10th floor of the landmarked 27-story art deco tower, for the creation of a new, state-of-the-art NYC3 Interconnection Center facility. In addition, the Rudin Family and Telx have created a strategic partnership whereby Telx will exclusively manage and operate the 28,000 s/f in the HUB, the building’s signature “meet me” room which aggregates voice, data and wireless service providers in a single space. Overall, the deal brings Telx’s total presence to 73,000 s/f at the property.

Construction & Design Featured Residential

New condo prices soar as builders race to keep up with demand

REW Staff July 24, 2013 July 24, 2013

by REW StaffJuly 24, 2013July 24, 2013864

As developers race to build new apartments to keep up with demand, brokers say prices have gone through the roof. And what new development there is is concentrated at the luxury end of the market. “Anything less than $2,000 per month is affordable housing these days,” Barrocas said.

Featured Retail

Foot Locker loves 34th Street

REW Staff July 24, 2013 July 24, 2013

by REW StaffJuly 24, 2013July 24, 20131264

Foot Locker is set to open its fourth store on 34th Street. footlocker Foot Locker on 34th Street. Photo: 34th Street Partnership The specialist in sports-related footwear leased the entire building at 142 West 34th Street for a new Kids Foot Locker. The retailer was so eager to secure the space, it will leave three of the building’s five floors empty, selling from built out space on the first and second floors when it takes occupancy in August.

Brokers Weekly Featured