Category : Featured

Construction & DesignFeatured

$19M Moynihan Station contract issued

REW Staff
by REW Staff863
AECOM Technology, a provider of technical and management support services, announced that a joint venture between AECOM, its Tishman Construction arm, and STV, has been awarded a $19-million contract by the Moynihan Station Development Corporation in partnership with the Port Authority of New York and New Jersey (PANYNJ). Under the contract, the joint venture will provide construction management services and rail expertise for the first phase of Moynihan Station construction in Manhattan. Phase 1 is slated for completion during 2016. Planning is underway for phase two, which includes a grand hall in the center of the Farley building
Deals & DealmakersFeatured

Marty Burger named co-CEO at Silverstein Properties

REW Staff
by REW Staff1887
New York City developer Larry A. Silverstein announced the appointment of Martin S. Burger as co-chief executive officer of Silverstein Properties, Inc. The appointment is an extension of the Silverstein organization’s ongoing expansion beyond its New York City base. Silverstein, who serves as president and CEO said: “I am thrilled that Marty will lead our continued effort to finance new development projects, acquire new properties and form new joint ventures around the globe.
Deals & DealmakersFeaturedNews Wire

Troutbrook strikes apartment deal

REW Staff
by REW Staff
Developer Marc Freud, principal of Troutbrook Company, has closed on the purchase of a controlling and majority interest in the remaining units in three buildings … Continued
Featured

CBRE arranges one of the largest land sales in the U.S. history

REW Staff
by REW Staff891
CBRE Group, Inc. today announced the completion of one of the largest land sales, by acreage, in U.S. history with the sale of 1.283 million acres of land and minerals in the State of Nevada.
FeaturedHeadlineResidential

Toll Bros. partners with Equity on new apartment building

REW Staff
by REW Staff828
Toll Brothers and Equity Residential have formed a joint venture for the acquisition and development of 400 Park Avenue South. The partners plan to build a 40-story apartment building on the 400,000 s/f site. Work will start in the spring, the two companies said in a statement.
FeaturedResidential

Prudential Douglas Elliman appoints Stephen Kotler as Chief Operating Officer

REW Staff
by REW Staff938
Prudential Douglas Elliman has appointed Stephen Kotler as its new Chief Operating Officer. Kotler brings over 25 years of industry experience to this new role and has most recently served as executive vice president and managing director of business development at the firm. “Stephen has been a dedicated and invaluable member of the Elliman family for twenty years--his accomplishments speak for themselves,” said Dottie Herman, president of Prudential Douglas Elliman. “He has played an instrumental role with our vital new initiatives at Douglas Elliman, including the re-design of our corporate website and our strategic international expansion. I am thrilled to welcome him on to our executive leadership team.”
Deals & DealmakersFeaturedHeadline

Tenants to make bid for Stuy Town

REW Staff
by REW Staff918
Tenants from the sprawling East Side middle-income housing complex, Stuyvesant Town-Peter Cooper Village, have formed a partnership with Brookfield Asset Management to put together a multi-billion dollar bid to buy the 11,000 apartments and convert them to condos or co-ops. The ST-PCV Tenants Association said on Wednesday that it had chosen Brookfield from a field of suitors looking to partner on a deal to buy the complex back from debtors. The Toronto-based investment firm that is also downtown New York’s biggest office landlord, “shared the goals of tenants,” according to City councilman Dan Garodnick, a former lawyer who now represents the district in City Hall and who has a played a key role brokering the joint venture.