By Sabina Mollot, Town & VillageWith local branches of bookstores such as Borders and Barnes & Noble closing in Manhattan and elsewhere and consumers switching to e-readers such as Kindles and iPads, opening a new brick and mortar bookstore might seem like a strange move. But Van Alen, a nonprofit institute aimed at supporting the architectural and design industry, saw a need, and opened a Flatiron bookstore on April 25.
By Daniel GeigerThe city’s biggest painters union has reached an agreement with the contractors that employ its members to cut labor costs and make their services more competitive against encroaching non-union labor at a time when the construction business has dramatically slowed down. The Association of Master Painters of New York, a trade group that represents commercial painting contractors, and District Council No. 9, the painters union, reached a deal on Wednesday.
By Roland LiBefore Vickey Barron became a real estate broker, she interviewed doctors who were considering temporary assignments in Guam. “It was identifying people, listening to their interests and needs. I really had to honestly hear who they were in a very short period of time,” said Barron, who worked at FHP, a health maintenance organization, and later at her own firm.
By Liana GreyEarlier this year, Paul Galvin, a veteran affordable housing developer, visited a hillside town outside Rio de Janeiro. In January, a mudslide swept away dozens of homes in the area, and Galvin hopes to rebuild them with recycled shipping containers. “You can get to hard-to-reach places,” he said of the metal boxes, which are growing in popularity as an architectural tool. “There are no limitations.”
By Daniel GeigerEpic LLC, a real estate company that invests in London and New York properties, is acquiring the newly developed Meatpacking District office building 15 Little West 12th Street for more than $70 million, Steven Elghanayan, one of the firm’s principals, has confirmed. “We love the area and the neighborhood,” said Elghanayan, who operates Epic LLC with his brother Michael Elghanayan.
By Roland LiAfter standing for almost 200 years, 35 Cooper Square's fate has been sealed. Developer Arun Bhatia will demolish the Federal-style building as part of a new development on the site, which is sandwiched between the gleaming Cooper Square Hotel and Cooper Union Building. (Bhatia's ownership of the building was first reported by Real Estate Weekly.)
By Roslyn LoIf you recognize real estate agent Dana Power’s face, it’s because you’ve seen her before – she has graced likes of magazines, billboards and popular TV shows. The fresh new face of Town Real Estate is much more than meets the eye. She's out to change the world. “I grew up interested in sustainable living. Other countries are more advanced. We need to continue to spread the knowledge. New developments, renovating spaces to keep them eco-friendly,” Power said.
By Roland LiBenchmark Real Estate Group, LLC has closed on the purchase of a mixed-use building at 10 Fifth Avenue for $9.21 million, according to city records. The building has 14 rental apartments and three retail spaces. The bakery Le Pain Quotidien is a commercial tenant, and Benchmark is seeking to lease the other two spaces.
By Roland LiAround 15 months ago, the Alliance of Downtown New York, the city’s largest business improvement district, sought a better way to present Lower Manhattan. Its efforts have culminated in the recent relaunch of its website, which streamlines existing information and integrates maps into the design.