Utility company signs 825,000 s/f Newark renewal
In one of the largest real estate transactions in New Jersey state history, and a boon for the ongoing revitalization of Newark, Colliers International New … Continued
Category : Featured
Garment District dressing up for nightlife boom
REW Staff
by REW Staff
Grant Greenspan By Liana Grey Bond, a new restaurant and bar, has leased a 3,500 s/f retail space on the ground floor of 215 West … Continued
City acquires final section of High Line from CSX
REW Staff
by REW Staff991
The City of New York has acquired the third and final section of the High Line from CSX Transportation, Inc., a major step toward completing the vision of preserving the entire historic elevated railway and transforming it into public open space. CSX has donated the rail yards section to the city, just as it did for the High Line structure south of West 30th Street. The transfer of ownership clears the way for design and construction on the final stretch of the elevated rail viaduct to extend the High Line park to West 34th Street. Design of the rail yards section is underway, and construction is expected to begin later this year.
Manhattan rents: Nothing like them on earth
REW Staff
by REW Staff857
By Al Barbarino Manhattan rents have hit historic highs – again. Data from leading city brokerages shows that the Manhattan rental market continues to lead renters deeper and deeper into landlord territory. The average Manhattan apartment rented for $3,778 in Q2, up from $3,650 in Q1, according to data from the Q2 Elliman Report from Prudential Douglas Elliman Real Estate. Median prices increased from $2,896 to $3,125.
Springhouse sees profit in Williamsburg rental
REW Staff
by REW Staff708
By Al Barbarino Springhouse Partners has purchased a newly-constructed residential building located at 90-96 Meserole Street in Williamsburg, Brooklyn for $13.75 million.
Brooklyn Tech Triangle plans to bring Brooklyn to new heights
REW Staff
by REW Staff780
By Al Barbarino A coalition of Brooklyn organizations is spearheading an effort to bring Brooklyn’s multi-billion dollar tech scene to new heights. The Brooklyn Tech Triangle coalition – led by the Downtown Brooklyn Partnership, the DUMBO Improvement District and the Brooklyn Navy Yard Development Corporation – has issued an RFP asking for proposals that would provide infrastructure, workforce and transportation innovations to help Brooklyn’s tech seen reach its true potential.
VE Equities to build ‘next 15 CPW’
REW Staff
by REW Staff1921
By Al Barbarino Development company VE Equities has vowed to build the city’s ‘next 15 Central Park West’ on a Tribeca parking lot. The New York City-based company, which specializes in the development of high-end residential condominiums and rental apartment buildings, just purchased a parking lot at 24 Varick Street (11-13 North Moore Street) in Tribeca for $47.7 million, city records show.
Wee, the people: Demand high for ‘micro’apartments as population surges
REW Staff
by REW Staff1577
By Sarah Trefethen When Mayor Michael Bloomberg announced last week that the city will sponsor a competition for developers to build a development of 300 s/f “micro-apartments” on city-owned land, some people wondered if anyone would ever want to live in such cramped quarters. But brokers familiar with the wants and needs of Manhattan’s house-hunting singles are adamant the mayor has it right, and — with a little attention to design — tiny apartments could help fill a huge demand. “If they build it, we can sell it or rent it,” said William Moye, a sales and leasing broker at Bond New York.
Citi Habitats opens new office
REW Staff
by REW Staff914
Citi Habitats announced that agents are moving into the firm’s newly renovated Union Square office, located on the 5th floor of 250 Park Avenue South. The office renovation is part of what the company has labeled a process of “building the Citi Habitats of tomorrow.” As well as new branding, the strategic plan involves the consolidation of some offices. “The pattern of business has changed,” said Gary Malin, president of the firm. “Citi recognizes that the needs of consumers has shifted from being able to walk into a storefront to working online with technologically savvy agents..”
Daffy demise no Terminal illness
REW Staff
by REW Staff901
By Sarah Trefethen The designer discounter Daffy’s will be closing its doors across the city this fall as part of a company-wide liquidation, Women’s Wear Daily has reported. The retail chain’s New York City stores include 18,000 s/f in Atlantic Terminal, across the street from the soon-to-open Barclay’s Center Arena, as well as two 57th Street addresses and a 17,000 s/f flagship on 44th Street off of Times Square.