Category : Featured

Debt & EquityFeatured

Javits Center running on empty, warns board

REW
The Jacob Javits Center is limping along with handouts from insurers while relief funds from federal and state agencies have yet to materialize. After sustaining extensive damage from floodwaters during Hurricane Sandy, the board of the directors for the Convention Center warned that its future could be compromised if the situation is allowed to drag on much longer
Featured

All hell breaking loose as hurricane insurance battles rage

Holly Dutton
Ronald Zeccardi By Holly Dutton Three months after Hurricane Sandy battered the city, New York building managers are now fighting with insurance companies to get … Continued
Deals & DealmakersFeatured

SCG Retail duo on The Kase

REW Staff
Last November Chase Welles and Bertrand de Soultrait of SCG Retail were in Cannes, France, attending MAPIC, the annual European retail leasing event. Both Welles and de Soultrait are fluent in French and they were there to connect with European brands and retailers interested in the US market. The SCG Retail team is now ready to announce the first of several new relationships established from MAPIC. The team is nationally representing the French retailer The Kase.
Deals & DealmakersFeatured

NGKF tapped to lease W&H Broadway buildings

REW Staff
Newmark Grubb Knight Frank’s William Cohen, principal, and Ryan Kass, senior managing director, have been assigned the leasing responsibilities at W&H Properties’ 1333, 1350 and 1359 Broadway. Cohen and Kass already handle leasing at the Empire State Building and One Grand Central Place. The NGKF team at the three Broadway buildings will include Neil Rubin, director of Newmark Grubb Knight Frank, an existing member of the team, and Andrew Weisz, a recent NGKF hire from Cushman & Wakefield. “Billy and Ryan have had great success at the Empire State Building and One Grand Central Place,” said Anthony Malkin, president of Malkin Holdings LLC, which supervises the W&H Properties portfolio of nine Manhattan Pre-War Trophy office buildings. “They understand our vision for these Pre-War Trophy properties, and they have helped make this vision a reality.
Deals & DealmakersFeatured

School for the gifted expands to 85,000 s/f

REW Staff
In one of the largest Manhattan leases of 2012 for an educational center, Colliers International has arranged a long-term, 85,000 s/f expansion and relocation on behalf of The Speyer Legacy School on Manhattan’s West Side. The school for intellectually advanced students, grades K-8, will be moving to a two-building campus at 400 W 59th Street and 925 Ninth Avenue, both owned by The Brodsky Organization. Josh Kuriloff, vice chairman, Jodi Roberts, managing director, and Andrew Braver, associate, of Cushman & Wakefield, represented the landlord in the transaction. Alex Jinishian, vice chairman, and Phil Amarante, senior managing director, of Colliers International, represented the tenant.
New residential brokerage launched
FeaturedResidential

New residential brokerage launched

REW Staff
I & I Real Estate, a firm specializing in residential rentals and sales and off-market commercial investments, announced its official launch today. The new company, wholly owned and operated by Eyal Amir, Aviad Cohen and Danielle Rantapaa is located at 419 Lafayette Street . It has eight agents with plans to expand immediately. I&I Real Estate will provide services that cover the complete range of residential categories including condos, co-ops, lofts, townhouses, and rentals. The company said it has "a crowd of VIP clientele from the fashion industry" and will concentrate on providing white-glove service to them.
Con Ed plan to head off storm disruption
Construction & DesignFeatured

Con Ed plan to head off storm disruption

REW Staff
Con Edison has submitted plans for major investments to protect critical equipment and customers from devastating storms like Superstorm Sandy. The company provided the New York State Public Service Commission (PSC) with details on long-term projects — including putting flood-proof equipment in low-lying areas, building higher flood walls around facilities, reinforcing overhead equipment and/or putting some overhead lines underground to limit outages during storms. The plans call for $1 billion in investments through 2016, some of which could be recovered through federal fundin
Deals & DealmakersFeatured

Everything personal good for business, says NGKF duo

REW
When Jason T. Greenstein and Daniel L. Levine met at Newmark Grubb Knight Frank in 2001 as young trainees, they fast became friends, despite one being a diehard Boston Celtics fan and the other being fiercely loyal to the New York Knicks. This friendship led to them partnering up on a key endeavor, running the 2004 New York City Marathon together. 12 years later, the team executed 41 transactions measuring over one million square feet in 2012 alone, working on deals from Shanghai to San Francisco. The foundation for their success so far, say the duo, has been their ability to forge longstanding relationships with the people who represent their client companies.
Deals & DealmakersFeatured

Von Der Ahe to join institutional advisory firm

REW Staff
Leading Marcus & Milichap broker Peter Von Der Ahe and his team are joining Institutional Property Advisors (IPA), a national institutional apartment advisory and brokerage firm. “Peter and his team will play a critical role in the expansion of our national platform through his New York-based client relationships and in our further penetration of the vast New York market locally,” said IPA national director Brian Murdy. IPA was formed just over two years ago as a special division of Marcus & Millichap dedicated to serving the needs of institutional and major private investors.
Silverstein savors $82M Beekman deal
Deals & DealmakersFeatured

Silverstein savors $82M Beekman deal

REW Staff
Developer Larry Silverstein has just bought a building that he once couldn't afford to eat in. The 81-year-old WTC builder announced today he has partnered with Fisher Brothers, Capstone Equities, Migdal Insurance Company and Arkin Holdings, to buy the Beekman Tower in Midtown Manhattan. The sale price was $82 million, according to sources. “The first time I visited the Beekman was on a date in 1955 with my fiancé Klara," said SIlverstein.