Category : Featured

Marx Realty starts work on retail corner
Deals & DealmakersFeatured

Marx Realty starts work on retail corner

REW Staff
by REW Staff818
By Roland LiMarx Realty & Improvement Co., Inc has broken ground at 201 East 57th Street, kicking off the redevelopment of a busy retail corner. A four-story, 30,814 s/f glass box is planned for the site, which previously housed a bank and apartment house in a five-story structure, built in 1874. The new building will be called the Manufacturers & Builders (M&B) Building, joining the A&D and D&D Buildings to the north.
Deals & DealmakersFeatured

Capital markets arena keeps martial artist Preston Flammang on his toes

REW Staff
by REW Staff1010
By Roland LiOne of Preston Flammang’s favorite pursuits is Shin Bu Kan, a martial art that he has been practicing for four years. It requires strength, flexibility and particularly discipline – traits that Flammang also values as a broker. Flammang is director of Massey Knakal’s Capital Services division, where he works with lenders, buyers and owners of commercial property in an era where fiscal discipline is paramount.
Construction & DesignFeatured

Partners to transform Bronx factory site into retail center

REW Staff
by REW Staff949
A five-acre former biscuit factory in Riverdale, in the northwest corner of the Bronx, is to be redeveloped as a multi-tenant retail center. Joseph Farkas, president of Metropolitan Realty Associates, has acquired the site for $18 million, in a joint venture with long-time equity partner Angelo, Gordon & Co., LP, and has announced plans to construct two retail buildings totaling 162,000 s/f. The development, which allows for rooftop parking, will be called Riverdale Crossing.
Construction & DesignFeatured

CetraRuddy creates international division

REW Staff
by REW Staff868
Nancy J. Ruddy and John Centra of CetraRuddy Inc. have announced the creation of a new international division of their award-winning architectural and design firm. Over the past three years, CetraRuddy has been successfully expanding in India and Great Britain. The new international group will be led by Joseph Jebran RA, an authority in international development, who will spearhead the firm’s strategic initiatives overseas and focus on business opportunities across the residential, hospitality, cultural and commercial categories, particularly in the Middle East and Asia.
Deals & DealmakersFeatured

2 Journal Square Plaza sells for $78 million

REW Staff
by REW Staff1239
By Roland LiA partnership of Gaia Real Estate Investments and Israeli-based Phoenix Insurance and Menora Mivtachim Insurance have purchased the nine-story 2 Journal Square Plaza in Jersey City for $78 million. Hartz Mountain Industries, which built the 325,000 s/f building in 1987, was the seller. Broadridge Financial Solutions occupies the majority of the building, with a lease that expires in 2018.
Deals & DealmakersFeatured

Grubb & Ellis brokers sell Stamford buildings

REW Staff
by REW Staff778
By Daniel GeigerGrubb & Ellis sales brokers Jason Meister and Jon Epstein have sold a pair of office properties in Stamford, Connecticut. Corporate Lease Properties, a subsidiary of the construction company Structure Tone, acquired the buildings for about $4 million in the deal. Meister and Epstein had been marketing the two buildings, 30 Oak Street and 1200 Bedford Street for Lincoln Financial Group, a North Carolina bank that had foreclosed on the two buildings last year.
FeaturedResidential

It ain’t easy for a 20-something in hot pursuit of an apartment

REW Staff
by REW Staff748
By Liana Grey When I told a friend, several weeks ago, that I was moving from the heart of the East Village to a town across the Hudson River, she looked puzzled. “Union City? Is that, like, Jersey City?” she asked. Then, like other die-hard New Yorkers I’d broken the news to, she bombarded me with questions: ‘How long is the commute? How do you get there, exactly? Will I ever see you again?’ During college, I lived in a 300 s/f alcove studio near Astor Place, on the sixth floor of a century-old walkup.
Brokers WeeklyFeaturedNews Wire

City’s coolest brokers

REW Staff
by REW Staff
By Linda O’Flanagan Louis Esposito (left) and Misha Chiporukha of Prudential Douglas Elliman’s Fort Green office in Brooklyn became neighborhood favorites after serving free ices … Continued
FeaturedResidential

Tooled up Hackel a master of her craft

REW Staff
by REW Staff1035
When New York City was on the verge of declaring bankruptcy in the 1970s, Shirley Hackel was an English professor at Queens College looking for a means to prosper during grim times. After switching careers to real estate in 1980, witnessing the start of the 21st century and the transformation of Manhattan, Hackel is now an executive managing director at Warburg Realty and was ranked among the Top 10 Women in residential real estate by Residential magazine last year. How did she thrive in New York's famously cut-throat industry? “Every happy client will lead to the next successful transaction. And, after each deal, you add something to your toolbox, you refine another skill, and you figure how to adapt that skill to a particular market.”