Category : Featured

Deals & DealmakersFeatured

The search is on for REBNY’s next retail deal of the year

REW Staff
by REW Staff691
The Real Estate Board of New York (REBNY) is now accepting nominations for its Retail Deal of the Year Awards, which annually recognizes the most creative and significant New York City retail deals. Submissions are due Tuesday, April 17 at 5:00 pm and the winners will be announced at the Retail Committee’s Deal of the Year Cocktail Party on Tuesday, June 14, 2012 from 5:30 pm to 7:30 pm.
Deals & DealmakersFeatured

Brooklyn grows up as families scout for bigger homes

REW Staff
by REW Staff805
By Al Barbarino Minor declines in average Brooklyn rents in February were in contrast to significant year-over-year rent increases, according to the latest report from the real estate services firm MNS. The February 2012 Brooklyn Rental Market Report shows a 0.39 percent decrease in rents between January and February, but year-over-year rents up roughly 5.23 percent.
Deals & DealmakersFeatured

School, clinic and park seal Rudin development deal

REW Staff
by REW Staff685
By Al Barbarino In a deal orchestrated by City Council Speaker Christine Quinn, the city has reached agreement with the Rudin organization to bring a revised West Village redevelopment project to life after receiving approval from the City Council’s Zoning and Franchises subcommittee. As part of the deal, St. Vincent’s — the historic hospital that was shuttered almost two years ago and sold last year to Rudin Management in bankruptcy court — will be turned into a 24-hour walk-in emergency facility run by the North-Shore-Long Island Jewish Health System, according to a statement from the City Council.
Deals & DealmakersFeatured

Big pitch for FiDi tower

REW Staff
by REW Staff
30 Broad Street (Photo Credit: Gotham Realty Holdings) By Al Barbarino   Carlton Advisory Services’ is marketing the 50-story office building located at 30 Broad … Continued
Deals & DealmakersFeatured

Adelaide Polsinelli moves to Eastern Consolidated

REW Staff
by REW Staff1112
Adelaide Polsinelli has left Marcus and Millichap to join Eastern Consolidated as senior director of investment sales. A one-time fashion student – she went to the Fashion Institute of Technology and her first job was for a textile converter – just closed a string of deals for M&M, including two separate $10 million sales, one at 37 West 19th Street and the other a commercial condo at 372 Broadway. Now, the 25-year veteran of the investment sales arena said she’s looking forward to using Eastern’s “creative platform” to create the “greatest opportunity for my clients.”
Featured

Bottom line: Finding park funding no child’s play

REW Staff
by REW Staff2002
After overseeing waterfront development in the South Bronx and Coney Island, Madelyn Wils has took the reins at Hudson River Park. Seven months into the stint, she says its obvious New Yorkers love the five-mile stretch of green on Manhattan’s west shore. But with the park running a deficit of $10 million last year, and with Pier 40 in disrepair and other piers awaiting development, the need for capital investment is significant. “I really did not know the breadth of issues when I came in,” she said.
Deals & DealmakersFeatured

Savanna makes Mad. buy

REW Staff
by REW Staff665
Savanna has acquired 15 East 26th Street, a 150,000 s/f boutique commercial condominium on the northern edge of Madison Square Park. Sources say the company paid $57 million for the property, which includes a restaurant on the ground floor and eight office floors above the ground. Savanna has retained DPM Architecture, P.C. to design and improvement package for the property and Jones Lang LaSalle has been named leasing agent, with a team led by Mitchell Konsker, vice chairman, with Matthew Astrachan and Matthew Polhemus.
Construction & DesignFeatured

Stringer makes call for new inspections department

REW Staff
by REW Staff638
By Al Barbarino Scott Stringer wants to break the Department of Buildings in half — literally. A new report from the Manhattan Borough President that criticizes recent drops in the number of citywide elevator inspections calls for the creation of an “Office of Inspection” that would focus solely on inspections and safety.
FeaturedResidential

New School goes to top of class as expansion project powers on

REW Staff
by REW Staff932
While Columbia and New York University fight out the details of their respective expansion plans, their diminutive East Village cousin, The New School, is well on its way to a 16 percent increase in its academic and residential space. The four-year college broke ground in December 2010 on its University Center, a 16-story mixed use residential and academic building scheduled to open in the fall of 2013 on Fifth Avenue between 13th and 14th streets. Work by Tishman Construction is on schedule, according to the university, and when completed, the building will feature some of the most advanced environmental sustainability and efficiency systems in the city.
Brokers WeeklyFeatured

It’s showtime

REW Staff
by REW Staff
By Liana Grey When Brian Lewis, a broker at Halstead, began producing online videos of his listings several years ago, he kept in mind what … Continued