Category : Residential

Brookfield in talks to invest in Waterside Plaza complex
Deals & DealmakersFeaturedResidential

Brookfield in talks to invest in Waterside Plaza complex

REW
by REW1347
By Sabina Mollot Richard Ravitch is looking to find an equity partner for has Waterside Plaza apartment complex on the East River. City council member Keith Powers, whose constituency includes the 1,470-unit former Mitchell Lama complex, said ownership is in “early stage talks” with potential investors, including industry giant Brookfield....
A&E buys Queens multifamily portfolio for $127M
Deals & DealmakersResidential

A&E buys Queens multifamily portfolio for $127M

REW
by REW2580
A & E Real Estate Holdings has purchased a six-building multifamily portfolio in Flushing, Queens for $127.5 million from Treetop Development and the Weinroth family. The midtown-based multifamily owner purchased the 388,768 square foot portfolio of one seven-story elevator building and five six-story elevator buildings spread over three lots. The...
Broker confidence dips as leasing worries mount
Deals & DealmakersOffice MarketResidential

Broker confidence dips as leasing worries mount

REW
by REW1713
The Real Estate Board of New York’s (REBNY) Real Estate Broker Confidence Index for the first quarter of 2018 was 5.78 out of 10, a decrease of 1.21 since brokers were surveyed about the fourth quarter of 2017. The overall decline in the Real Estate Broker Confidence Index was attributable...
City Connections absorbs Aventana, eyes further expansion
Residential

City Connections absorbs Aventana, eyes further expansion

REW
by REW1232
David Schlammʼs City Connections Realty [CCR] announced that Ty Byrdʼs Aventana Real Estate has become part of his firm. Byrd brings with him over 40 exclusive rental buildings along with a team of five agents, who will operate as the Aventana Team at City Connections Realty. “Although I liked operating...
WHO’S NEWS: Elliman brings on Germany Sears, Ramos joins Sotheby’s
Residential

WHO’S NEWS: Elliman brings on Germany Sears, Ramos joins Sotheby’s

REW
by REW2592
Douglas Elliman Real Estate announced that The Germany Sears Team has joined the firm. Susan Sears and Gerald Germany, along with their team, will be based out of Elliman’s new 111 Fifth Avenue office, managed by Chris Peters and Garret Lepaw. They were previously with the Corcoran Group. Susan Sears...
Compass acquires boutique Florida brokerage
Residential

Compass acquires boutique Florida brokerage

REW
by REW1418
Compass announced it has acquired ICS Realty, a boutique brokerage in Aventura, Fla. on the heels of a recent $450 million investment by the Softbank Vision Fund. With the addition of ICS Realty, Compass Florida will add 20 agents based in Aventura to their growing team. “ICS Realty’s excellent reputation...
Residential

Landlords dial back on rent concessions

REW
by REW1162
Landlords dialed back the concessions last month as they continued their delicate balancing act with renters. According to Citi Habitats May rental report, average rents remained stable in both Manhattan and Brooklyn, the vacancy rate fell, as did the percentage of new leases that offered a move-in incentive. “Through their...
The biggest issues facing NYC’s residential market
FeaturedResidential

The biggest issues facing NYC’s residential market

REW
by REW1877
New York City’s residential market is no stranger to ups and downs, as veterans of the business know all too well. External factors, like the current low unemployment, high tourist numbers, GDP rates up, and all-time high population would lead most people to view the real estate market as thriving...