Category : Headline

Deals & DealmakersHeadline

Hartz buys stake in Roseland

REW Staff
by REW Staff1117
Hartz Mountain Industries, which began acquiring luxury multi-family rental properties in 2010, has purchased a stake in Roseland Management, the property management arm of Roseland Property Company. The company has also engaged Roseland for its largest third-party management assignment – more than 1100 units in four New Jersey properties. Roseland is expected to manage other Hartz residential buildings when construction on new buildings is complete and existing management agreements expire.
Construction & DesignHeadline

All systems go at WTC site as Irene scurries out of town

REW Staff
by REW Staff922
By Linda O'FlanaganHurricane Irene failed to cause any major damage at the site of the 9/11 Memorial, which is still on course to be dedicated on the 10th anniversary of the terrorist attacks. The memorial will then open to the public on September 12, 2011. In a series of tweets during the weekend storm, memorial director Joe Daniels reassured the public that, despite the heavy rain and high winds, Irene did not flood the site or damage the property. The 225 trees on the memorial plaza also came through without damage.
HeadlineResidential

Forest City Ratner and Gehry unveil upper apartments at 8 Spruce Street

REW Staff
by REW Staff1187
By Roland LiOn Tuesday, Forest City Ratner and Frank Gehry unveiled the upper-floor apartments at 8 Spruce Street. The two and three-bedroom units from the 40th to 76th floors were shown to around 150 brokers. Rents weren't immediate available. The new apartments include three-bedroom model unit on the 52nd floor, as well as the newly opened 22,000 s/f amenities. These include a sixth floor grilling terrace and game room and a seventh floor, 50-foot pool. The building also has a drawing room, private dining room, fitness room and spa.
HeadlineResidential

Green gets its groove on after stormy recession ride

REW Staff
by REW Staff819
By Liana Grey Before visiting Mercedes House, a luxury tower in Midtown West, prospective tenants can learn, through the project’s website, that the glass-and-steel structure was designed by Enrique Norten, and that it zigzags above the Hudson River, offering unobstructed sunset views. No mention is made, however, of the building’s LEED Silver rating. And energy efficient features are hardly the focus of leasing office brochures.
Deals & DealmakersFeaturedHeadline

Luxury bag retailer to open second NYC store

REW Staff
by REW Staff759
Tony handbag retailer Ghurka which already has an outlet at The Plaza Retail Collection is opening a second Manhattan store at the Sherry Netherland Hotel. Robert K. Futterman & Associates arranged the long-term, 1,140 s/f lease for Ghurka at 781 Fifth Ave. The Ghurka flagship will occupy 915 s/f on the ground-floor and 225 s/f in the basement at its new Fifth Avenue space.
Deals & DealmakersHeadline

Declaration Management acquires Setai office condo for $10 million

REW Staff
by REW Staff1394
By Daniel GeigerDeclaration Management, a subsidiary of the life insurance company John Hancock, has acquired four office floors in the Setai Wall Street, the company announced. Though executives at the firm wouldn’t confirm the price of the deal, sources say that the space was sold for roughly $10 million. “We’re very excited about the developments in Lower Manhattan and that’s part of our rationale for this investment,” said Michael Kelley, the head of Declaration’s commercial real estate group. “It’s an exciting place to have exposure.”