Category : Featured

Debt & EquityEditorial SupplementsFeatured

Appraisers examine future of their profession

REW Staff
by REW Staff2760
Just shy of a year ago, Real Estate Weekly published an article entitled “Brain Drain Decimating Appraisal Profession.” “There isn’t a child in the United States today who is saying, ‘When I grow up, I want to be an appraiser’,” said Marc J. Nakleh, a director at Cushman & Wakefield. But with the recovering economy, there has been an increased demand for appraisal services and the national Appraisal Institute is seeking to draw a younger demographic to the profession with new education programs and professional designations.
Deals & DealmakersFeatured

Peter DiCapua to retire from ATCO

REW Staff
by REW Staff1396
After over four decades of dedicated service with prominent Manhattan-based owner/manager, ATCO Properties & Management, chief operating officer Peter L. DiCapua is retiring. “Peter has been at the forefront of many of our company’s successes,” stated Damon Hemmerdinger, co-president of ATCO. “We thank him for his wonderful years of service.”
Deals & DealmakersFeatured

Full steam ahead for L&L’s ‘close to perfect’ office tower

REW Staff
by REW Staff1127
A proposal to rezone Midtown East and allow new high-rise office construction is winding its way through the city bureaucracy, but David Levinson isn’t waiting. Levinson’s L&L Holdings plans to break ground in 2015 on a new Class A office tower at 425 Park Avenue — the first new construction project on Park Avenue in decades. And the CEO says the building should command top flight rents. “I don’t know what perfect is in terms of efficiency, but this is as close to perfect as I’ve ever seen,” he told members of the YM/WREA yesterday.
FeaturedResidential

Report: Bushwick prices on the up and up

REW
by REW1451
By Orlando Lee Rodriguez Forget about Williamsburg, that is so passé. The place to be along the L train is now Bushwick, where rental prices have skyrocketed, almost 23% or $454 dollars, for a two bedroom since December and 17.2% overall.
Construction & DesignFeatured

Facing uncertain future, Pier boss wants to move goalposts

REW
by REW1056
By Holly Dutton Hudson River Park officials are calling for a change in the law to help revive the beleaguered Pier 40. “We are spending more on the pier to keep it open than we are getting in revenue,” said Hudson River Park Trust CEO Madelyn Wils. “It’s the complete antithesis of what the [Hudson River Park] Act was made for.” Established in 1998, the Act was created to allow parking, retail and entertainment as the Pier’s primary uses. It prohibits residential use and leases of more than 30 years. Despite the regulations, Community Board 2 recently considered two visions for the future of the waterfront site that could include apartments and expanded sports facilities.
Featured

Jones Lang LaSalle secures 75,020-SF lease for Brookfield

REW Staff
by REW Staff1035
Jones Lang LaSalle has completed a new, direct lease for Brookfield Office Properties with GfK at 200 Liberty Street. The global research company signed a 16-year lease for 75,020 square feet of commercial office space at the Class A, 1.6 million-square-foot commercial office building.
Deals & DealmakersFeatured

REBNY reveals contenders for annual ‘Ingenius’ award

REW Staff
by REW Staff1596
The Real Estate Board of New York has announced the submissions for the industry’s most coveted commercial honors, the Most Ingenious Deal of the Year Awards. Nineteen of 2012’s most creative deals — completed by 37 real estate dealmakers — are competing for REBNY’s first, second and third place prizes. Winners will be judged in the categories of finance, leasing, and sales by a panel of industry leaders. The honors are presented to the dealmakers that demonstrate the most ingenuity, creativity and professional skill.