Prada neighbor hits retail market
RKF has been named the exclusive retail leasing agent for 10,915 s/f of flagship retail space at 575 Broadway in the heart of SoHo. 575 … Continued
Category : Featured
Rugby Realty makes retail play
By Holly Dutton 56 Pine Street A Westchester-based real estate firm with its eyes set on Lower Manhattan has purchased a commercial condo at 56 … Continued
Chetrit, Peebles pay $250M for surplus city buildings
The Bloomberg administration announced today announced an agreement to sell two city-owned buildings in Lower Manhattan for close to $250 million. The deal is the first in a series of steps announced by the mayor during his final State of the City address to reduce the amount of city government office space by 1.2 million square feet by 2014. The commercial office properties, located at 49-51 Chambers Street and the other at 346 Broadway, sold through a competitive Request for Proposal process for $89 million and $160 million respectively to the Chetrit Group and the Peebles Corporation, one of the largest African-American owned real estate development companies in the country.
Albanese sparks enthusiasm in effort to get drivers plugged into progress
ChargePoint, Inc. unveiled the first of more than 80 electric vehicle (EV) charging stations it will install around New York at The Solaire in Battery Park City earlier this month. It is ChargePoint’s first installation of what will be part of a “significantˮ NYSERDA EV charging station investment.
Teamwork keeps power broker Tara Stacom at top of her game
Tara Stacom and her husband recently celebrated the 20th of their marriage (which Stacom describes as ‘blissful’) by traveling together in India. But it wasn’t strictly a pleasure trip for the Cushman & Wakefield star, who flew out a few days early to meet with prospective tenants. “My husband said, ‘Don’t you ever stop?’ ” Stacom told Real Estate Weekly. The answer, it seems, is no.
Winoker Realty acquired by partnership
Winoker Realty Company has been acquired by a partnership of four New York real estate principals who have been business partners and friends for many years: Ira Z. Fishman and Dana L. Moskowitz, President and Executive Vice President of ID Real Estate Partners respectively, and Nathan Halegua and Josh Halegua, principals of Jonis Realty and Citi-Urban Management. Fishman had worked at Winoker Realty from 1998 to 2008, including being David Winoker’s partner for the last seven years of Fishman’s tenure there. Mr Winoker died in a skydiving accident last summer at the age of 49.
Harlem social club
Once upon a time, before there was a midtown theater district, Harlem’s 125th Street was Broadway. It was the center of the jazz music swing, before 52nd Street. It was the home of New York’s powerhouse baseball team, before Yankee Stadium. It was the heart of Italian New York, Puerto Rican New York and the capital of Black America. As a place that has seen several boom and bust cycles over the last 100 years, developmental change and real estate trends are nothing new to Harlem, and the latest rebirth is a throwback to the neighborhood’s first real estate renaissance in the 1920’s.
Sandy has New Yorkers re-thinking disaster reponse plans to include more teleworkers
A survey of corporate real estate managers and workplace professionals in the northeast corridor has found that as a result of the widespread damage from Hurricane Sandy, companies are updating their workplace strategies as part of their overall risk management. In the survey, in which nearly all the respondents reported that Hurricane Sandy had affected their operations, 90 percent reported that they instructed employees to work from home, and 21 percent told employees to work in third places such as hotels or coffee shops.
Mogull removes big question mark from $150M Manhattan bank deal
A $150 million retail deal years in the making has finally been closed. Veteran broker Kim Mogull told Real Estate Weekly that BankUnited has singed three leases for New York City locations with an aggregate value of $150 million.
Tech campus taking flight with Dove at helm
Cathy Dove is building for the future. The construction timeline for the Roosevelt Island campus of the new Cornell-Technion technology graduate school, Cornell NYC Tech, spans decades. But the first academic building is on track to open for business in 2017. As vice president of the newly accredited institution, Dove’s responsibilities extend from human resources to communications, information technology, and overseeing the development of the 12-acre site the partnership was awarded in 2011 as winner of the city-sponsored “Applied Sciences NYC” competition.