Category : Featured

Deals & DealmakersFeatured

Investors show strip club the door

REW Staff
by REW Staff1082
By Al Barbarino A group of investors have shown a Queens strip club the door, winning praise from their neighbors and hopefully a profit, to boot. “Guaranteed to please,” an advertisement for The Mile High Gentlemen’s Club at 248-258 Rockaway Boulevard in Rosedale, Queens once read.
Deals & DealmakersFeatured

Flatiron loft building sells for $10.2 million

REW Staff
by REW Staff764
Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has sold 37 W. 19th St., a seven-story, owner-occupied loft building with ground-floor retail, in the Flatiron district of Manhattan. The sales price is $10,215,000. Brian Hosey, an associate in the Manhattan office of Marcus & Millichap, represented the seller, a private investor. The seller’s attorneys were Michael Federman and Peter Mannarino of Federman Steifman LLP. Hosey also represented the buyer, Waterbridge Capital.
Aurora marketing Daffy’s stores
Deals & DealmakersFeatured

Aurora marketing Daffy’s stores

REW Staff
by REW Staff870
By Sarah Trefethen Aurora Capital Associates today confirmed it has entered into a joint-venture agreement with JEMB Realty Corp. to market and dispose of the majority of the leasehold interests of the fashion retailer Daffy’s, which JEMB purchased out of bankruptcy. Real Estate Weekly first reported Aurora’s plans to acquire the Daffy's portfolio on August 1.
FeaturedResidential

Home: Where Escobar’s art lives

REW Staff
by REW Staff836
By Sarah Trefethen Andres Escobar is hard to categorize, and that’s the way he likes it. The Columbian-born Canadian designer has made his mark on the city, from Chelsea condos to Upper West Side rentals and a Brooklyn hotel. Escobar shuns the idea of a signature style, preferring to fit his designs to the client — or the neighborhood.
Brokers WeeklyFeatured

Greenpoint growing on renters

REW Staff
by REW Staff
The Manhattan view from Greenpoint, Brooklyn By Al Barbarino Brooklyn rents have risen sharply over the past year.  Williamsburg wasn’t spared.  Nor was Greenpoint.  But … Continued
Editorial SupplementsFeatured

Apartment REIT growth solid but slowing

REW Staff
by REW Staff980
Apartment REIT performance has begun to slip this year despite strong market fundamentals and earnings growth, says Trepp managing director Susan Persin. The apartment sector’s 9.59% year-to-date return as of August 22 is well below the 16.57% all equity REIT average. Market fundamentals are strong, but many REITs appear to be fully priced so that growth prospects, along with some industry challenges, are already incorporated into REIT valuations.
Construction & DesignFeatured

Carpenters union okays $200,000-a-year pay deal

REW Staff
by REW Staff2910
The New York City District Council of Carpenters union has approved a contract that will help members rake in nearly $100 per hour and well over $200,000 annually in wages and benefits by 2017. Members of the union approved the new five-year contract with the Association of Wall-Ceiling and Carpentry Industries last week (Wednesday), passing the deal by a majority vote of 60 to 26. “This contract is about saving jobs and increasing wages for thousands of hardworking New Yorkers in a time when the industry is suffering, non-union contractors are on the rise and everybody else is taking cutbacks,” said Michael Bilello, executive secretary treasurer of the New York City District Council of Carpenters.
Deals & DealmakersFeatured

Rose replaced at Stuy Town

REW Staff
by REW Staff
By Sabina Mollot The new manager is a CW Capital subsidiary CompassRock Real Estate (CRRE) announced yesterday (Tuesday) that it would assume the management of … Continued