Category : Featured

Deals & DealmakersFeatured

Doctors move into 125,000 s/f office facility

REW Staff
by REW Staff882
Columbia University Medical Center last week unveiled its newest medical facility, filled at a pace that demonstrates demand for specialized office facilities. ColumbiaDoctors inked a lease for 125,000 s/f at 51 West 51st Street in Midtown with landlord Vornado in October 2011. It took 15 months to built out the property that will house 200 doctors in a variety of specialties allowing the hospital to serve 20 percent more patients per year, according to the university.
Deals & DealmakersFeatured

Stuy Town tenants want a new owner

REW Staff
by REW Staff958
25,000 fed up Stuyvesant Town tenants are calling on the bill collector in charge of the complex to help them find a new owner - fast. “It has become frustrating for us as a community,ˮ said tenants association board member John Sheehy. “People are increasingly anxious that we get a true and real owner and not just a custodian for the bond holders.ˮ The comments came following a community meeting that drew officials from Brookfield Asset Management, banking consultants and lawyers as well as hundreds of residents who have accused the company servicing the debt on the ST/PCV apartment complex of dragging its feet on negotiating the sale of the development.
FeaturedResidential

Play-by-play to finding the perfect space for Superbowl viewing

REW
by REW1243
This year’s Super Bowl, with its first ever brother vs. brother head coaches and an East Coast Baltimore Ravens pitted against the West Coast San Francisco 49’ers, is building to be a great one. And the biggest question on most spectators minds besides who will win? Where to watch it, of course. A survey by franchisor Century 21 Real Estate found that the overwhelming majority of Americans consider the home to be the best place to tune into the Big Game.
Debt & EquityFeatured

Will housing pull us out of recession again? Bull run on stocks making it look that way

REW
by REW8646
With US stocks collectively in the midst of their largest Bull Run since 2007, the focus of media attention has been on how far past record highs can the Dow Jones Industrial Average (DJI) and the S&P 500 (INX) go this year. Friday, the S&P closed above 1500 points for the first time since 2008, its eighth straight positive trading day. The Dow, meanwhile, closed at 13805.98 on Friday, edging closer to its all-time record high of 14164.53, a milestone reached in October of 2007. But ever so quietly the performance of the Philadelphia Housing Sector Index (HGX), with strong earners like Lennar Corporation and Toll Brothers, have outdone the Dow, the S&P and the NASDAQ combined.
Sherman Cohen, co-founder Cohen Brothers Realty, dies at 91
Deals & DealmakersFeatured

Sherman Cohen, co-founder Cohen Brothers Realty, dies at 91

REW Staff
by REW Staff2326
New York-based real estate builder, developer and owner, Sherman Cohen, who co-founded Cohen Brothers Realty & Construction Corp. with his two brothers in 1959 passed away on Tuesay, January 22nd at New York-Presbyterian Hospital. He was 91. Born in Suffolk, Virginia, and raised in Newport News, Sherman worked in his family’s haberdashery stores before relocating to New York City in the late 1940's with his older brothers, Mortimer and Edward.
FeaturedResidential

Mack-Cali starts work on new apartment buildings

REW Staff
by REW Staff1194
Mack-Cali Realty Corporation today announced its Roseland subsidiary has begun construction on two multi-family communities in the Northeast. The developments include RiverParc at Port Imperial in Weehawken, New Jersey and The Highlands at Overlook Ridge in Malden, Massachusetts. The announcement comes following Mack's purchase of Roseland last October as it continues to diversify its predominantly office portfolio.
FeaturedResidential

Mark David co-founders join TOWN Residential

REW Staff
by REW Staff1160
TOWN Residential announced that Mark David Fromm and Claudia Saez-Fromm have joined the company as senior vice presidents. Mr. and Ms. Fromm previously led Mark David & Company Real Estate as chief executive officer and chief operating officer, respectively. That company is being “wound down” and the 75 agents will be recruited to TOWN or assisted in their search for positions at other firms, according to reports. “In their 10 years at the helm of Mark David & Company, Mark and Claudia created an impressive local presence throughout Manhattan and Brooklyn, from the ground up,” said TOWN founder and CEO Andrew Heiberger.
Back in the game: NYC’s licensed sales agents tripled in two years
FeaturedResidential

Back in the game: NYC’s licensed sales agents tripled in two years

Sarah Trefethen
by Sarah Trefethen1048
New York City’s population of licensed real estate professionals has almost tripled in two years, from a total of 5,883 in 2010 to 15,135 at the end of 2012. The newcomers are often career changers with bachelors degrees or higher, those in the training industry say, but not everyone with a licence is practicing full-time. Statewide, the number of licences has dropped slightly in the same period.
Construction & DesignFeaturedResidential

City says ‘Yes, squeeze’ to mini-apartment design

REW Staff
by REW Staff1129
The city has picked a winner in the competition to design Manhattan's smallest apartments. A development team composed of Monadnock Development LLC, Actors Fund Housing Development Corporation, and nARCHITECTS will get to create 55 new apartments measuring as little as 250 s/f and to be known as micro-units. Forty per cent of the units — to be built at a city owned site at 335 East 27th Street in Manhattan — are to be affordable beyond the competitive market rents. Called ‘My Micro NY,’ it could be the first multi-unit building in Manhattan developed using modular construction, with the modules pre-fabricated locally by Capsys at the Brooklyn Navy Yard.
7 WTC lays out the Silver carpet for biz world’s go-getters
Deals & DealmakersFeatured

7 WTC lays out the Silver carpet for biz world’s go-getters

REW Staff
by REW Staff1344
Silverstein Properties has launched a new initiative tailored to smaller firms with big ambitions. President and CEO Larry A. Silverstein just announced the launch of Silver Suites Offices at 7 World Trade Center, a new executive office space and service business renting spaces from $1,500 to $15,000 a month. Silver Suites will provide flexible, white-glove turnkey office solutions for growing companies of all sizes, beginning with 30,000 pre-built square feet on the 46th floor of the 52-story tower. “I am delighted to launch this new business at 7 WTC that offers companies not just great office space but a path for growth,” said Silverstein.