Category : Headline

Riguardi is Realty Foundation honoree
Deals & DealmakersFeaturedHeadline

Riguardi is Realty Foundation honoree

REW Staff
by REW Staff912
Peter Riguardi, the president of operations for Jones Lang LaSalle’s Tristate region and a veteran real estate professional with more than 28 years of experience in the industry, will be the Realty Foundation of New York’s 2012 honoree at the Foundation’s 57th annual luncheon scheduled for Thursday, May 10. “We are pleased to recognize Peter, a dedicated board member,” said Jerry L. Cohen, the Foundation’s chairman. “Peter has helped us to send the message that the Realty Foundation exists solely to help real estate professionals in need. And, since we are completely reliant on the generosity of our real estate community, we are grateful for his efforts to raise awareness of our initiatives.”
From Iraq to India, luxury development on the rise overseas
HeadlineResidential

From Iraq to India, luxury development on the rise overseas

REW Staff
by REW Staff991
By Liana Grey Two months ago, the Claremont Group, a development firm based on the Upper East Side, broke ground on its first luxury development overseas: a 1,600-unit gated community just outside downtown Erbil, the peaceful, pro-American capital of Kurdistan, in northern Iraq. The Atlantic, as the project is called, wouldn’t be out of place in a New York suburb. When complete in two or three years, it will have condos with oversized windows, a collection of two-story townhomes, and wide, tree-lined boulevards.
Deals & DealmakersHeadline

Marriott to buy clock tower at 5 Madison

REW Staff
by REW Staff1083
Marriott International has reached an aggreement to acquire the clock tower at 5 Madison Avenue according to sources. Last week, Africa Israel USA, the property’s previous owner, announced that it had arranged a deal to sell the building to an unnamed buyer for $165 million.
Deals & DealmakersFeaturedHeadline

Billion dollar business back in New York

REW Staff
by REW Staff952
By Liana Grey This past quarter was the best Massey Knakal has seen since the end of 2008, when Lehman Brothers collapsed and the market stalled. At a breakfast meeting on Tuesday morning, chairman Bob Knakal announced that property sales had increased by 22% over the last year. “We’ve seen $19.2 billion in sales so far, four times what the sales volume was in 2009,” said Knakal. Citywide, properties sold on average for $12.3 million, just under the average at the peak of the boom.
Deals & DealmakersHeadline

Lawsuits pile up against accused rabbi

REW Staff
by REW Staff2656
By Daniel Geiger A web of lawsuits have been woven around an allegedly crooked rabbi accused of forging paperwork to steal a whole building.According to court records and knowledgeable sources, Benjamin Herbst and cohorts have been the focus of a number of real estate lawsuits similar to the one Real Estate Weekly reported last week he is involved in at the midtown office building 315 West 35th Street. 
Deals & DealmakersHeadline

Hertz in talks to do 11 Times Square retail lease

REW Staff
by REW Staff1018
Hertz Rental Car is exploring a roughly 30,000 s/f lease in 11 Times Square for a showroom that will display green cars, including advanced and concept car models. According to people familiar with the potential deal, Hertz would take a portion of both the ground floor of the building and either part of the second floor or a basement level. The space will be open to tourists and visitors and will showcase fuel efficient cars and electric vehicles that feature advanced design and technology.
Deals & DealmakersHeadline

Natixis nixes deal at 9 West 57th Street

REW Staff
by REW Staff
By Daniel Geiger A complicated deal to bring trading operations for the French financial firm Natixis into the base of the pricey midtown office tower … Continued
Deals & DealmakersHeadline

Minskoff proceeds with 51 Astor on spec

REW Staff
by REW Staff
By Daniel Geiger A spate of competing development projects and a rocky economy have not dissuaded developer Edward Minskoff from going forward with 51 Astor … Continued