Category : Featured

Deals & DealmakersFeatured

Skanska to build Atlantic Yards ‘modules’ for Ratner

REW Staff
by REW Staff868
Skanska USA and Forest City Ratner Companies (FCRC) today announced that B2, the first residential tower that is part of the Atlantic Yards Development in Brooklyn, will be built utilizing modular construction. The groundbreaking on the 32-story building will be held on December 18 and the building is expected to open in 2014. In addition, Skanska USA announced their partnership with FCRC to create a new company called FC + Skanska Modular, LLC (FCS Modular) that will build the modular components in a 100,000 square-foot space located in the Brooklyn Navy Yard. They estimate that there will be 125 unionized workers employed at the fabrication facility beginning in late spring, 2012 when modular production is fully under way.
Deals & DealmakersFeatured

NGKF leading drive to help retailers battered by Sandy

REW Staff
by REW Staff849
Hurricane Sandy’s sweep through New York hit retailers – traditional first-floor tenants – hard. Newmark Grubb Knight Frank (NGKF) Retail has announced that, for its 2012 ICSC “Streets of New York” event, the company has partnered with the city’s top property owners to raise funds that will help local retailers across the city that have been affected.
Deals & DealmakersFeatured

Extell selling Chelsea development site

REW
by REW2996
Extell Development is offloading another midtown south development site. The company has tapped Massey Knakal co-founders Robert Knakal and Paul Massey to market the block-through site at 113-117 West 24th Street through to 112-118 West 25th. Currently a three-story parking garage, the site is attracting plenty of interest, despite its $85 million price tag, according to Knakal.
FeaturedResidential

Manhattan mega-rentals: Why buy when you can rent a New York super-home for $150,000 a month?

REW Staff
by REW Staff1090
Homeownership may be an American ideal, but not everyone with the means to buy a property chooses to do so. And far from being limited to budget-conscious offerings, Manhattan’s rental listings include some truly jaw-dropping properties. From 80 Washington Place in Greenwich Village (listed with Douglas Elliman for $95,000 per month) to 247 Central Park West on the Upper West Side (Sotheby’s International, $90,000 per month,) super-high end rentals can be found throughout Manhattan.
FeaturedResidential

Condo market’s Doctor Feelgood making healthy living a priority

REW Staff
by REW Staff804
Developer Michael Namer isn’t a doctor, but he is determined to make people feel better. Chelsea Green, the most ambitious green project Namer’s Alpha Development has undertaken to date, is designed to not only be as healthy as possible, but also to improve residents’ wellbeing. “I am not a doctor, but as a developer I have the opportunity to affect people’s lives for the better by providing a facility that allows residents to foster their own well-being, whether it is physical exercise, social interaction or simply getting a massage,” said Namer, who was inspired to develop a ‘green collection’ by designer Donna Karan.
Deals & DealmakersFeatured

Baccarat to open new flagship store on Madison

REW Staff
by REW Staff901
Ashkenazy Acquisition has signed a “multi-year lease” with Baccarat for a new flagship store at 635 Madison. The fine crystal jeweler will unveil its newest flagship store in May , ahead of the iconic brand’s upcoming 250th anniversary Located at 635 Madison Avenue at 60th Street, the 2,800 s/f store, designed by architect and designer Rafael de Cárdenas, will be “ an experiential destination encompassing the Baccarat lifestyle” said the company in a statement. Cushman Wakefield’s Eric Le Goff and Jim Downey negotiated the lease on behalf of Baccarat. Ashkenazy negotiated the lease, the terms of which were not released, inhouse.
Deals & DealmakersFeatured

Court says ‘no’ to private Plaza

REW Staff
by REW Staff
By Sabina Mollot EAST MIDTOWN PLAZA After years of bitter and costly feuding between co-operators at East Midtown Plaza, the state’s highest court has upheld … Continued
Deals & DealmakersFeatured

REBNY announces annual award recipients

REW Staff
by REW Staff1274
Developer Donald Zucker and union stalwart Mike Fishman are among the distinguished group of real estate leaders to be honored at the 117th annual Real Estate Board of New York Gala taking place Jan. 17. The Banquet has a reputation for being real estate’s most important evening of the year because it is here that some of the industry’s biggest and most influential deals are said to have been made. REBNY President Steven Spinola, said, "It is an excellent opportunity for us to commend six honorees for their years of hard work and commitment to our city, and our industry.”
Debt & EquityFeatured

Panelists ponder where money comes from: is it time for an IPO boom?

Sarah Trefethen
by Sarah Trefethen8934
The commercial real estate industry may be due for a boom in public offerings, according to panelists at the NYU Schack Institute’s Capital Markets forum last week. “I think that when we look back a year from now we will have the potential to do more on the IPO side than we have in the past couple,” said Jeffrey D. Horowitz, head of global real estate, gaming and lodging at Bank of America Merrill Lynch. Horowitz cited a number of deals currently in the works that, if successful, could drive more companies to go public in search of funds. The past two or three years have seen four or five IPOs a year, according to Horowitz. “I think there’s more coming up from the private equity side where the platforms need to have a change, just because there is a cycle to investing,” he said.
Deals & DealmakersFeatured

Lawyer helps set stage for bringing Bob Dylan back to Capital Theater

REW Staff
by REW Staff1362
You don’t need a big law firm to do exciting deals. Just ask David Bleckner, founder of the three-attorney David J. Bleckner, P.C. From the top of the Empire State Building to a star-studded music venue upstate, the 12-year-old firm is flexible enough to handle whatever clients throw its way. The firm represents Malkin Holdings in leasing the Empire State Building, including the agreements for radio and television stations that broadcast from the building’s spire. And recently, the attorneys put on their tenant representation hats and helped entrepreneur Peter Shapiro revive the Capitol Theatre in Port Chester, N.Y., which reopened as a music venue in September with a sold-out concert by Bob Dylan.