Category : Featured

Deals & DealmakersFeatured

NYCREW gets scoop from real estate editors

REW Staff
by REW Staff969
NYCREW Salutes The Media: In honor of Women’s History Month, the New York chapter of Commercial Real Estate Women’s Network (NYCREW) hosted “Women in Real Estate Media: The Real Scoop,” an enlightening and entertaining panel discussion by the city’s leading commercial real estate editors, held at the offices of Ted...
Construction & DesignFeatured

Waiting for ULURP? Two Trees says plant a garden, take up yoga, learn to ride a bike

REW Staff
by REW Staff807
Two Trees Management Company today announced the creative community uses that will open to the public by the end of May on Site E of the Domino Sugar property. What is currently a vacant 55,000 s/f lot on Kent Avenue between South 3rd and South 4th Streets will be transformed by two independent operators into a neighborhood destination with a community farm, bilingual reading room, community green space, family-friendly bike courses, affordable food and goods from local vendors and a variety of seasonal programming, including kids days, yoga classes, and hands-on urban farming classes. Two Trees released a Request for Proposals in January seeking interim uses for the site that area residents could enjoy before construction starts on the Domino Sugar redevelopment plan next year.
FeaturedResidential

Mad men, loud sex and high heels … just another day at the office for Steve Sladkus

Sarah Trefethen
by Sarah Trefethen1648
By Sarah Trefethen It’s just a regular Wednesday morning, but Steven Sladkus’ phone is ringing even more than usual. “I’m always busy, but I think it’s the phase of the moon or something,” he said. “All of the crazies are coming out of the woodwork.” Sladkus, a partner in the law firm of Wolf Haldenstein Adler Freeman & Herz, works with a team that serves as legal counsel to co-op and condominium boards across the city.
Deals & DealmakersFeatured

Mack-Cali marches into DC multifamily market

REW Staff
by REW Staff807
Mack-Cali’s march into the multi-family marketed continued today (Thursday) when it was announced the New Jersey-based REIT has entered the Washington DC market. In a joint venture with a fund advised by UBS Global Asset Management, Mack-Cali paid $262.5 million for the 828-unit Crystal House in the Crystal City section of Arlington, Virginia. The announcement comes following Mack’s purchase of Roseland Properties last October as it continues to diversify its’ predominantly office portfolio.
Deals & DealmakersFeatured

Related Co’s new fundraiser sees plenty of opportunity among eager investors

Sarah Trefethen
by Sarah Trefethen968
When Apollo Real Estate investors (now AREA Property Partners) started up in 1993, one of the opportunity fund’s first deals was a derelict property in South Beach, Miami. Strategic partnerships were one of the keys to Apollo’s early success, Jacobsson said, and in his career with the firm, he developed relationships with many of the best operators in real estate. Thus, he said, he feels right at home in his newly-created position as executive vice president at Related Companies.
Orbach pays $70M for The Hamilton portfolio
Deals & DealmakersFeatured

Orbach pays $70M for The Hamilton portfolio

REW Staff
by REW Staff879
The Orbach Group has acquired a three-building New York City apartment portfolio, totaling 178 high-end rental units, for $70 million, from Dermot Company. With these acquisitions, The Orbach Group now owns and manages approximately 700 units in a three-block radius on Manhattan’s Upper West Side.
World catching up to Brooklyn
Featured

World catching up to Brooklyn

REW
by REW968
Brooklyn could overtake Chicago as the third largest "city" in the US if it continues to grow at its present rate. Currently growing at 2.4 percent, the borough’s population will pass the three million mark some time in the next decade if the growth rate stays the same. A faster influx of new residents to Kings County would place it right behind Los Angeles even sooner, maybe before 2020.
Deals & DealmakersFeatured

Herald Center makeover unveiled

REW Staff
by REW Staff1141
Herald Center, the 10-story, 250,000 s/f retail and office property at the southwest corner of 34th Street and Broadway, is to be redeveloped by long-time owner JEMB Realty. The property will be reclad as 50,000 s/f of retail space at the heavily trafficked site comes available.
Deals & DealmakersFeatured

Sale of Milford Hotel land fetches $325M

Sarah Trefethen
by Sarah Trefethen1748
A partnership of Deutsche Asset & Wealth Management’s real estate investment business and David Werner have purchased the the leased fee interest in The Milford Hotel in New York. Rockpoint Group and hotel operator Highgate Hotels are selling the property in three pieces, the Wall Street Journal reported last month.