Trading co. takes floor at Savanna’s Madison Square Park building
15 East 26th Street Jump Trading, a privately funded algorithmic trading firm, has leased 19,280 s/f at Savanna’s 15 East 26th Street. The company will … Continued
Category : Featured
New York Supreme Court calls for clamp down on property tax abuse
REW Staff
by REW Staff991
By Al Barbarino A New York State Supreme Court Grand Jury has issued a report calling for reforms that would prevent property owners from abusing city property tax laws. Current laws, regulations, and systems are not adequate to prevent and deter costly false tax liability filings, which occur “with unacceptable frequency,” the Grand Jury found.
Lawyer not to be judged by his cover
REW Staff
by REW Staff
By Liana Grey ADAM BAILEY Last month, the real estate lawyer Adam Leitman Bailey received an award from the National Association of Real Estate Editors … Continued
Bloomberg rails over validity of new city wage legislation
REW Staff
by REW Staff
Mayor Michael Bloomberg By Al Barbarino Mayor Michael Bloomberg has filed a lawsuit against the City Council over the validity of the recently enacted Prevailing … Continued
StreetEasy Summer Soiree
REW Staff
by REW Staff806
StreetEasy hosted a summer soiree at the Equinox rooftop terrace atop The Printing House condominium at 421 Hudson this week. Guests enjoyed cocktails and Latin fare by La Esquina and took in the Hudson River views from the condo which boast “the best gym in the West Village.” Guests included...
King of Queens has his eye on new turf
Sarah Trefethen
by Sarah Trefethen1377
In 2008, Eric Benaim and Ted Kokkoris co-founded Modern Spaces, a brokerage that has grown from a single storefront in Long Island City to a 45-broker operation stretched along the shore of the East River, from Astoria to Williamsburg.
Landlords set to benefit from retail horror show
REW Staff
by REW Staff1042
By Sarah Trefethen Halloween is right around the corner, and retailers are gearing up for the associated spike in demand for wax teeth, curly-haired clown wigs, plastic pitch forks, pointed black hats and little frilly aprons. The NYC-based fashion chain Ricky’s and the national retailer Spirit Halloween are both planning to roll out seasonal pop-up stores across the city in the coming months.
Newest Eastern Consolidated rainmaker aiming to be his own headline act
REW Staff
by REW Staff988
By Sarah Trefethen Robert Khodadadian remembers the rough years of 2008 and 2009, when — still in his 20s — he was running a nine-broker company based in Long Island and every deal was a test of creativity and determination. “You’d stay until eight, nine o’clock to get people on the phone,” he says. “It wasn’t like it is now; everyone was working. There were no holiday parties, no vacation.” He sounds almost wistful. It’s not that Khohdadadian, a 30-year-old Eastern Consolidated associate director with a face-splitting smile and infectious enthusiasm, is anti-fun. He just likes doing deals. And he’s eager to make the most of his new position at Eastern Consolidated and his partnership with industry veteran Adelaide Polsinelli.
Why Tribeca is New York’s most expensive neighborhood
REW Staff
by REW Staff956
By Liana Grey Earlier this month, Taconic Investment Partners acquired a former tea and coffee warehouse at 71 Laight Street in northern Tribeca. By 2014, the development company plans to build 34 loft-style apartments, some as large as 5,400 s/f, which will be marketed by Sara Kallus of Prudential Douglas Elliman. 71 Laight, which will encompass the existing warehouse as well as a new, modern building designed by architect Morris Adjmi, is one of 13 new luxury condo developments rising in Manhattan’s priciest zip code.
DNA lab stamps footprint on Hudson Square
REW Staff
by REW Staff946
By Sarah Trefethen New York’s capacity for cutting-edge medicine got a 170,000 s/f boost this week. A non-profit group founded by a number of local hospitals and universities has signed a 20-year lease at 101 Avenue of the Americas to operate a DNA sequencing lab. The New York Genome Center will occupy the seven base floors of the Edward Minskoff-owned tower. The building was recently gut renovated when the sole tenant, SEIU 32BJ, the property service workers’ union, moved out.