Category : Featured

FeaturedResidential

Foreign buyers turning downtown real estate into a new global currency

REW Staff
by REW Staff793
By Sarah Trefethen Wall Street and its environs have long been a global center – for finance. But as Downtown’s residential population continues to grow, observers say, it’s also become a magnet for investors and residents from around the world. International economic conditions are driving investors from London to Shanghai to purchase residences in Manhattan, Jonathan Miller, president and CEO of Miller Samuel Inc, told the audience at Becoming FiDi, a panel discussion hosted by 75 Wall Street. “Luxury real estate has almost become a sort of new global currency,” he said.
Deals & DealmakersFeatured

Wholefoods to open two more Manhattan stores

REW Staff
by REW Staff847
SCG Retail has signed two leases for new Whole Foods Market locations in Manhattan: A 39,000 s/f space at 100 West 125th & Lenox in Harlem and a 39,000 s/f Upper East Side store at 1551 Third Avenue at 87th. The two deals will mark Whole Foods Market’s 8th and 9th Manhattan locations. According to Chase Welles and Jacqueline Klinger, brokers for SCG Retail, both areas have been on the Austin-based grocer’s priority list for many years.
Deals & DealmakersFeatured

Landmarks gives East Village/LES historic district status

REW Staff
by REW Staff742
By Al Barbarino The city’s Landmarks Preservation Commission has approved the designation of the East Village/Lower East Side Historic District, the culmination of a two-year effort. The designation will protect more than 330 architecturally and historically significant buildings “that are synonymous with the American immigrant experience,” a statement from LPC said. The district runs from East 2nd to East 7th streets along and off Second Avenue, in an area that was once part of Peter Stuyvesant’s estate.
Deals & DealmakersFeatured

Microsoft inks Times Square retail lease

REW Staff
by REW Staff888
By Sarah Trefethen For Microsoft fans in New York City, the wait is over. Microsoft has announced plans to open two temporary stores in Manhattan this holiday season, one in Columbus circle (a West-Side mirror to Apple’s Fifth Avenue flagship cube) and another in an unidentified Times Square location.
Deals & DealmakersFeatured

Jersey market stuck in neutral

REW Staff
by REW Staff
By Al Barbarino photo by AARoads New Jersey’s office market logged an uninspiring third quarter, with nearly one million square feet of negative absorption and … Continued
Mack-Cali buys Roseland Properties
Deals & DealmakersFeatured

Mack-Cali buys Roseland Properties

REW Staff
by REW Staff2369
By Al Barbarino Mack-Cali Realty Corporation is in contract to buy Roseland Properties’ development and management divisions in a deal valued at $134.6 million, the New Jersey-based REIT announced Tuesday. The company called the purchase a “fundamental step” in the continued diversification of its portfolio, while Roseland said the deal brings “unparalleled opportunities” to expand both companies’ business platforms.
Deals & DealmakersFeatured

Podos gets credit for keeping investors interested in tenant improvements

REW Staff
by REW Staff976
Richard Podos’ career in real estate has taken him from sales to corporate services to a stint as a dot-com entrepreneur and, ultimately, to the CEO’s desk at Lance Capital, the investment firm he founded in 2004. Along the way, Podos has carved out a niche financing tenant improvements for landlords who want to offer turnkey leasing solutions in buildings with multiple tenants. Last year, the financing model made headlines for its role in the New York City Human Resources Administration’s 20-year, 400,000 s/f lease in what had been a largely vacant Brooklyn warehouse.