Category : Headline

Record land prices giving co-op owners cause for concern

REW July 8, 2015 July 8, 2015

by REWJuly 8, 2015July 8, 20151078

As the price of land in Manhattan continues to reach record heights, more co-op residents may have to pay large amounts of money to avoid changing their address. Such a situation recently played out with the Trump Plaza, a luxury co-op building on the Upper East Side that closed on...

Deals & Dealmakers Featured Headline

London-based Forum takes stake in Dermot Company

REW July 7, 2015 July 7, 2015

by REWJuly 7, 2015July 7, 20151463

The Dermot Company has completed a planned two-year transition and William P. Dickey has retired as founder and CEO after nearly 25 years with the company. Dickey leaves behind a widely-regarded legacy as one of New York City’s prominent investors in real estate. Stephen Benjamin has replaced him as president and CEO....

Deals & Dealmakers Featured Headline

Singapore investors make first foray into NYC hotel market with $163M buy

REW July 2, 2015 July 2, 2015

by REWJuly 2, 2015July 2, 2015887

Singapore-based Ascott Residence Trust has made its entry to the US market with the $163.5 million purchase of the Element New York Times Square West hotel. The move will catapult Ascott Reit into a global hospitality player as part of a strategy to grow its asset size to $6 billion...

Deals & Dealmakers Featured Headline

Bargains getting harder to find as Long Island City market booms

REW June 24, 2015 June 24, 2015

by REWJune 24, 2015June 24, 20151991

If you ask Evan Daniel, executive vice president of the commercial & investment property division of Modern Spaces, going all-in on an unknown quantity is a smart move. Daniel took a diving leap into the Long Island City commercial real estate market just under a decade ago. He had never...

Construction & Design Featured Headline Retail

Hudson Yards retail gets underway with one of biggest steel orders in US history

REW June 10, 2015 June 10, 2015

by REWJune 10, 2015June 10, 20153652

Hudson Yards today announced the start of vertical construction on The Shops & Restaurants at Hudson Yards, its one million square foot retail center and the future home of New York City’s first Neiman Marcus flagship store and Chef Thomas Keller’s new classic American restaurant. Construction commenced after the site...

Deals & Dealmakers Featured Headline

WeWork won’t stop until it has 80 million square feet

REW May 28, 2015 May 28, 2015

by REWMay 28, 2015May 28, 20151203

Co-working giant WeWork will swallow up 30 million square feet of New York City office space in the next five years, according to its co-founder. Speaking at a Metropolitan Business Network event earlier this month, Adam Neumann, the entrepreneur who started WeWork in 2010, said his company will grow to...

Featured Headline ICSC RECon

Retail rock ‘n rollers re-inventing themselves in Las Vegas

REW May 20, 2015 May 20, 2015

by REWMay 20, 2015May 20, 20151584

LAS VEGAS – On the flight from New York City to Las Vegas this past Saturday, I overheard someone ask why the annual ICSC RECon conference is held in Vegas every year. “Why not Miami, or L.A. or San Francisco?ˮ the man griped to his friend. It’s a fair question....

Featured Headline ICSC RECon Retail

Early bird Steven Baker among retail’s high fliers

REW May 18, 2015 May 18, 2015

by REWMay 18, 2015May 18, 20151423

LAS VEGAS – Steven Baker doesn’t like to talk about himself, but his resume speaks for itself. The Winick Realty president is back at ICSC RECon in Las Vegas for his 10th year, and like most of the industry, is booked solid with back-to-back meetings during the annual retail conference,...

Deals & Dealmakers Featured Headline

Swedes getting a taste for New York cherry picking

Linda O'Flanagan May 12, 2015 May 12, 2015

by Linda O'FlanaganMay 12, 2015May 12, 20151267

Swedish apartment owner Akelius continues to amp up its US investment, closing this week on it’s biggest purchase yet. The company announced today (Tuesday) that it has acquired 301 East 21st Street in Gramercy Park for $167.5 million. CBRE brokers Darcy Stacom and Paul Leibowitz sold the 199-unit building on...

Featured Headline

Plumbers, mechanics haul DOB into court over modular safety

REW May 6, 2015 May 6, 2015

by REWMay 6, 2015May 6, 20151093

New York’s plumbers and mechanics have hauled the city into court for giving development giant Forest City Ratner a free pass on modular safety. During a hearing in New York Supreme Court Appellate Division last Thursday (April 30) the Plumbing Foundation (PF) City of New York, Inc., and Mechanical Contractors...