Category : Headline

DNB Bank moving North American headquarters to 30 Hudson Yards
Deals & DealmakersFeaturedHeadline

DNB Bank moving North American headquarters to 30 Hudson Yards

REW
DNB, Norway’s largest financial services group, today announced it will move its North American corporate headquarters to 30 Hudson Yards in Manhattan’s newest neighborhood. The firm has signed a lease with Related for the entire 68th floor (44,517 square feet) in 30 Hudson Yards, the site’s signature office tower. Thirty...
It’s Earth Day: BOMA has 7 things owners can do to make their buildings greener
FeaturedGreen BuildingHeadline

It’s Earth Day: BOMA has 7 things owners can do to make their buildings greener

REW
This year, the Earth Day Network has unveiled the first of five large undertakings that will count down to the 50th  anniversary of Earth Day in 2020. Task  number one is to plant 7.8 billion trees to help mitigate climate change and pollution, protect biodiversity and support communities. In keeping with the “Trees for...
L&L signs record-shattering Citadel lease at 425 Park Avenue
Deals & DealmakersFeaturedHeadline

L&L signs record-shattering Citadel lease at 425 Park Avenue

REW
L&L Holding Company  has finalized a lease with Citadel to occupy approximately 200,000 s/f at 425 Park Avenue, a 670,000 s/f office tower currently under construction in the  Plaza District of Midtown Manhattan. Citadel will relocate from its current offices at 601 Lexington Avenue once the building is completed in late 2018....
Brooklyn market expected to dip as 421-a tax program expires
Deals & DealmakersFeaturedHeadline

Brooklyn market expected to dip as 421-a tax program expires

REW
Commercial property sales in Brooklyn were incredibly robust in 2015, rising to around $9.5 billion in total dollar volume, according to one market study by Brooklyn-based commercial real estate firm, TerraCRG. Nearly all of the top five commercial sales in Brooklyn last year were along the Williamsburg waterfront, including the...
Futterman unveils 25,000 s/f retail showcase at former Sony Building
FeaturedHeadlineRetail

Futterman unveils 25,000 s/f retail showcase at former Sony Building

Linda O'Flanagan
The Chetrit Group has tapped RKF to bring 25,000 s/f of retail space at the former Sony Building at 550 Madison to market. Sony will relocate from its U.S. headquarters space at 550 Madison Avenue in early 2016. The company is set to take over a 525,000 s/f lease at...
Debt & EquityFeaturedHeadline

Real estate finance leaders predicting a happy new year

REW
Commercial real estate finance industry leaders expect the market to remain favorable in 2016, with ample credit and capital available to meet borrower demand for new loans and refinancings, according to an annual survey of Commercial Real Estate Finance Council members released on Monday. The CRE Finance Council is the...
Deals & DealmakersFeaturedHeadline

Next to marrying my wife, buying the Lee Building was best decision I ever made, says Eugene Giscombe

REW
Veteran real estate player Eugene Giscombe said this week that, next to marrying his wife, buying the historic Lee Building in Harlem was the best decision he ever made. The founder and principal of Giscombe Realty Group paid $40,000 for the 12-story office building at 1825 Park Avenue in 1979....
Insiders predict market correction during 2016
Deals & DealmakersFeaturedHeadline

Insiders predict market correction during 2016

REW
After two years without a hangover to nurse as the new year rolls in, several of New York’s biggest real estate players agree that 2016 may require a bit more aspirin to get through. However, they tend to agree that a relaxed market may not be cause for concern. “The...
Builders back ‘common senseʼ zoning plan in letter to planning boss Carl Weisbrod
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Builders back ‘common senseʼ zoning plan in letter to planning boss Carl Weisbrod

REW
Some of the cityʼs most prolific apartment builders and designers have given Mayor de Blasio’s Zoning for Quality and Affordability (ZQA) and Mandatory Inclusionary Housing (MIH) zoning proposals a big thumbs-up. In a letter to City Planning Commission Carl Weisbrod in support of the proposed legislation, they say it will...