Category : Headline

Deals & DealmakersHeadline

Medical sector enjoying healthy returns

REW Staff
by REW Staff872
As the U.S. healthcare system is changing, developers and investors see a chance to earn big on medical buildings. Across Greater New York, new types of medical office space are springing up. They offer many of the services hospitals do and allow single practitioners to share space. This is part of a larger trend in the industry, experts say. “In our analysis, the development of medical office space is changing much in the way office space has changed,” said developer William Macklowe share space. This is part of a larger trend in the industry, experts say. “In our analysis, the development of medical office space is changing much in the way office space has changed,” said developer William Macklowe.
Headline

REBNY gala draws top pols, industry players

REW Staff
by REW Staff
Steve Spinola and Mayor de Blasio The Real Estate Board of New York (REBNY) rolled out the red carpet for Thursday’s 118th Annual Banquet held at the New … Continued
Real Estate Board hits membership milestone
Editorial SupplementsHeadline

Real Estate Board hits membership milestone

REW Staff
by REW Staff691
In a message to the estimated 2,200 real estate players expected at tonight’s 118th annual REBNY Banquet, chairman Rob Speyer, and president Steven Spinola, celebrated strength in numbers. This year, REBNY has reached a membership record, topping 15,000 brokers, owners, managers, and professionals active in the industry. And, the leaders say, the weight of that membership has had an impressive impact in the city of New York …
Deals & DealmakersFeaturedHeadline

Applause, applause for Larry the fable guy

REW Staff
by REW Staff827
Veteran real estate developer Larry Silverstein elicited thunderous applause from a New York Building Congress audience on Monday when he recalled the days of Ed Koch, 70s stagflation, the September 11 attacks and the great recession. On the same day he secured $340 million on Bond money to finish 3 WTC and named Marty Burger CEO of his company, Silverstein said, "What we are experiencing today is part of the natural progression of a dynamic city that is constantly facing new challenges and opportunities. “I’ve been through a lot of the up-and-down cycles ... and there are some benefits to getting old."
Finance & AccountingHeadline

Malkins get new suit for Christmas

REW Staff
by REW Staff
By Konrad Putzier New year, old story: the seemingly never-ending string of accusations and lawsuits over the Empire State Building’s IPO will continue in 2014. … Continued
Holiday markets proving to be seasonal sweet spot
HeadlineRetail

Holiday markets proving to be seasonal sweet spot

REW Staff
by REW Staff588
For small businesses looking to boost foot traffic during holiday season, holiday markets are proving to be a seasonal sweet spot. Vendors are paying up to $15,000 for a five-week run at the Union Square Holiday Market run by Urban Space, according to one stall holder. “It’s the busiest hub in the city,” said the vendor, who was selling t-shirts to holiday shoppers looking for one-of-a-kind gifts and crafts, which the market specializes in.
City needs a trash course in finance as transport well runs dry
Construction & DesignDebt & EquityHeadline

City needs a trash course in finance as transport well runs dry

REW Staff
by REW Staff711
New York may be playing in a top league with global cities like Hong Kong and London, but in terms of infrastructure funding, it is second division at best. Two months after the MTA released its 20-year development plan, its financing is still uncertain. To address this gap, and pay for other infrastructure projects, the New York Building Congress this week called for a range of fees on everything from car use to garbage disposal. Building Congress president Richard T. Anderson said, “Without new, dedicated revenue sources, government will not be able to maintain its current level of support for critical capital projects, much less make the additional investments necessary to harden New York City’s transportation network and infrastructure in the wake of Superstorm Sandy and climate change.”
A Silverstein family affair
Headline

A Silverstein family affair

REW Staff
by REW Staff887
A Winter’s Evening dinner dance at the Grand Hyatt New York on Dec. 14 honored Klara and Larry Silverstein and raised more than $2.8 million to benefit the nation’s leading respiratory hospital, National Jewish Health. The couple received the National Jewish Health Humanitarian Award, which was presented to them by...
HeadlineRetail

Downtown retail taking off

Sarah Trefethen
by Sarah Trefethen1068
Once upon a time, shopping in Lower Manhattan was almost synonymous with the always-packed bargain hunters’ mecca of Century 21. But, like almost everything Downtown, the retail landscape is changing fast. With new construction from the Financial District to the South Street Seaport, not to mention the new World Trade Center complex, Lower Manhattan is poised for a massive retail transformation. Hundreds of thousands of square feet of shopping space is available for lease, and the upcoming International Council of Shopping Centers conference in New York is expected to bring with it a spate of lease announcements.
Developers hitting dead end in boroughs
Construction & DesignHeadline

Developers hitting dead end in boroughs

REW
by REW1067
When Bill de Blasio called New York a “tale of two cities,” he had economic inequality in mind. But he could just as well have meant public transportation. Bus and subway in New York are great — if you’re travelling to or from Manhattan. In the four other boroughs, commuters often have little choice but to take their car. As developers are discovering Queens and tech jobs are moving to Brooklyn, this imbalance is starting to pose a problem — blocking the development of neighborhoods as alternatives to Manhattan. There are only five subway lines directly connecting Brooklyn and Queens, compared to 18 lines connecting the two boroughs to Manhattan. Buses are abundant, but they are notoriously slow and infrequent.