New manager at Stuy Town as clock ticks on Brookfield offer
By Sabina Mollot Brookfield has partnered with tenants to buy Stuy Town The city’s most expensive apartment complex has a new general manager. CWCapital and … Continued
Category : Featured
Agents switch gears as warmer weather adds to cache of outdoor amenities
REW Staff
by REW Staff
McCarren Park Pool is opening again after being used as a concert venue By Liana Grey Over the past couple of years, Julia Segal, a … Continued
Zlotowitz goes back to basics of making all the numbers add up
REW Staff
by REW Staff
Ira Zlotowitz By Al Barbarino Eastern Union Commercial, one of the largest privately owned real estate mortgage brokerages in the country, has witnessed exponential growth … Continued
SL Green Realty Corp. to acquire 304 Park Ave. South
REW Staff
by REW Staff
Andrew Mathias Commercial office landlord SL Green has agreed to purchase 304 Park Ave. South, a 215,000 s/f mixed-use office and retail building for $135 … Continued
CCR caps house share with new commission structure
REW Staff
by REW Staff
By Sarah Trefethen Starting this June, some City Connections agents will be eligible for a new commission structure that caps how much of their commission … Continued
Pratt Institute buys Brooklyn development site
REW Staff
by REW Staff
By Sarah Trefethen The Pratt Institute has purchased a development site adjacent to its School of Art and Design in Brooklyn for $13 million. The … Continued
Solo apartment hunters sending rents for studios to all-time highs
REW Staff
by REW Staff816
By Liana Grey Not long ago, the price of one- and two-bedroom apartments in Brooklyn rose while studios lagged behind. Now, smaller units across the borough — which has seen some of the highest demand for new development in the city — are red hot. In its latest market report, the brokerage firm MNS calculated that studio prices in Brooklyn jumped by 2.3 percent over the past month alone, compared to a one percent increase for one- and two-bedrooms. In Park Slope, prices shot up by 5.6 percent.
Gallery inks deal to transform former Soho printing factory
REW Staff
by REW Staff844
PBS Real Estate just signed the Peter Freeman Gallery to a 10 year lease agreement for 10,900 s/f at 140 Grand Street in Soho. The gallery is transforming space previously occupied by a label printing factory. “Chelsea rents increasing, and neighborhoods east of SoHo continuing to gentrify, you can expect to see more and more galleries moving to the area,” said John Brod, principal of PBS Real Estate.
Prize-winning Jason Pruger re-drawing city’s retail map
REW Staff
by REW Staff1280
Jason Pruger, an executive managing director at Newmark Grubb Knight Frank, represents big-name retailers like CVS, Aerosole, Wendy’s, the Vitamin Shoppe, Fred Perry, and French fashion house Faconnable. But some of his most memorable deals have involved smaller, niche stores just breaking into the Manhattan market. “It’s always fun to bring new concepts into the city,” he said. “You get to learn about different businesses. You get a feel of what makes those businesses work.”
Rector Street condos sold to China group for $18M
REW Staff
by REW Staff814
By Al Barbarino The China Institute in America has purchased two condo units at 40 Rector Street for $18.3 million, city records show. Floors in the 19-story, 600,000 s/f building range from 29,962 to 34,529 s/f, meaning that the Chinese school for continuing education paid as much as $265 psf. A team from Newmark Knight Frank led by Scott Klau is marketing the space for Philips International, a real estate development group that has converted several office buildings in the city from rental into condo space.