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$13M Plaza mortgage in Holmdel, NJ

REW Staff
by REW Staff677
Andrew Stewart, Dev Morris, and Allison Moravec of Cronheim Mortgage have secured $13.4 million in financing for a Kohl’s and SteinMart anchored retail property located in Holmdel, Monmouth County, NJ. The loan was structured with a 10 year term and 25 year amortization, and the interest rate was locked 4...
Deals & Dealmakersuncategorized

REIT returns lose ground in April

REW Staff
by REW Staff895
REIT returns lost ground in April as broader macroeconomic factors exerted pressure throughout the sector. The total returns of the FTSE/NAREIT All REIT Index slipped 4.7 percent in April, while the S&P 500 Index gained 1.0 percent. The yield on the 10-year Treasury note rose 0.1 percent for the month....
$169M Williamsburg sale sets new price record
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$169M Williamsburg sale sets new price record

REW
by REW875
By Holly Dutton A record sale in Brooklyn and for-sale Queens building are proving once again that the outer boroughs are booming. TIAA-CREF is buying a six-story residential building at 250 North 10th Street in Williamsburg for $169 million from a partnership between real estate investment firm LCOR and the...
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Startup stretching out at 8 West 38th

REW
by REW944
ABS Partners secured a 7-year, 3,602 s/f expansion lease at 8 West 38th Street for Long Tail Ad Solutions, bringing the company’s total space in the building to 15,352 s/f. The video-solutions provider, known for creating the web’s most popular online video player, was represented by Scott Brown of Newmark...
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Madison International buys stake in Brit building

REW
by REW
Madison International Realty, a New York based investment company, announced that it has acquired a 50 percent ownership stake in The Houndsditch Estate in the … Continued
Retailuncategorized

Nordstrom Rack signs 35,000 s/f Jersey lease

REW
by REW571
Helena Loelius and Trista Ricciardelli at Sitar Realty Company-TCN Worldwide announced that Nordstrom Rack will be arriving in The Crossroads at Eatontown in Eatontown, New Jersey. The opening is scheduled for Fall of 2015. Nordstrom Rack will occupy 35,500s/f at the center. The deal comes following a major upgrade by...
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AREPA holiday networking event

REW Staff
by REW Staff849
The Asian Real Estate Professional Association (AREPA) will host a holiday networking event on Tuesday December 9, 2014 from 6:00PM to 8:30PM at Neely’s located at 1125 First Avenue (62nd Street). There will be no charge for entry to this event. Complimentary hors d’oeuvres will be served. For further information and...
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Steven Holl wins 2014 international arts award

REW Staff
by REW Staff
American architect Steven Holl has won the Japan Art Association’s 2014 Praemium Imperiale International Arts Award. He joins South African playwright Athol Fugard, whose work … Continued
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RXR’S Scott Rechler in Speech To LIREG Urges Revitilization of Long Island’s Downtowns

REW Staff
by REW Staff2556
Scott Rechler, chairman and chief executive of multi-billion-dollar private real estate company RXR Realty LLC, told members of the Long Island Real Estate Group (LIREG) that Long Island must revitalize its downtowns if it hopes to become a 21st century region with 21st century workers.   Rechler, who is also...
ARCP sells shopping center portfolio for $1.975B
Deals & Dealmakersuncategorized

ARCP sells shopping center portfolio for $1.975B

REW Staff
by REW Staff737
American Realty Capital Properties announced today that it intends to sell substantially all its multi-tenant shopping center portfolio for $1.975 billion in cash to affiliates of Blackstone Real Estate Partners VII. ARCP has entered into a letter of intent to sell the portfolio to Blackstone and expects to finalize the...