Related to switch on first digital district
[4:18 pm, April 15, 2014 | No Comment | ]

Brains aren’t just for people anymore. We have smart phones, smart cars – and increasingly smart buildings.
While computerized security and HVAC systems have become commonplace in new buildings, Related Companies and Oxford Properties have more ambitious goals for the new development at Hudson Yards.
“Hudson Yards will be the most connected, measured and technologically advanced digital district in the nation,” Jay Cross, president of Related Hudson Yards, said in a press release.

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Deals & Dealmakers »

[6:27 pm, April 11, 2014 | No Comment | ]

The Realty Advisory Board on Labor Relations (RAB) today announced that it has reached a tentative labor agreement with SEIU Local 32BJ, the union representing residential building service workers in Manhattan, Queens, Brooklyn and Staten Island.  The contract was reached an unprecedented nine days before it was set to expire on April 20. The deal covers more than 30,000 residential building service employees, including doormen, porters, handymen and building superintendents, who work in more than 3,000 residential rentals, co-ops and condos.
 “We are pleased to have reached a tentative agreement well before the contract deadline,” …

Deals & Dealmakers, Photo Gallery »

[6:24 pm, April 11, 2014 | No Comment | ]
PHOTO GALLERY: Massey Knakal Commercial Real Estate Summit

More than 500 commercial owners, investors, developers and other real estate professionalscame together on April 1st for a full-day event focused on New York’s trends in operations, mid-sized property transactions, and financing for retail and office properties at the Massey Knakal Commercial Real Estate Investment Summit. The fourth annual event featured over 50 speakers, several panels, workshops and networking opportunities.
The morning keynote interview included Larry A. Silverstein, Chairman of Silverstein Properties, Inc., a Manhattan-based real estate development and investment firm that has developed, owned and managed 35 million square feet of office, residential, hotel and …

Construction & Design »

[5:23 pm, April 11, 2014 | No Comment | ]
Labor groups defend scaffold law

New York’s construction unions are hitting back against a recent push to modify the laws governing who’s responsible for working safety on construction sites.

Construction & Design, Opinion »

[4:19 pm, April 11, 2014 | No Comment | ]

By Robert Smilowitz, PhD, P.E., principal, Weidlinger Associates, Inc.
As the tallest building in the Western Hemisphere, One World Trade Center is both a landmark and a challenge to risk-takers.
It was to be expected that someone would eventually evade security guards and climb to the top of the tower. Last month’s apparent infiltration of 1 WTC security by a teenager has reignited a concern for security in tall buildings.
The precedent was set when Philippe Petit strung a tightrope between the Twin Towers in 1974 and successfully performed his high-wire act. In …

Construction & Design »

[4:17 pm, April 11, 2014 | No Comment | ]

Forest City Ratner Companies and Shanghai-based Greenland Group Co. announced that they will install a green roof on Barclays Center in Brooklyn
In December, FCRC and Greenland completed a definitive agreement for a joint venture to develop Atlantic Yards, a 22-acre residential and commercial real estate project in Brooklyn.
The joint venture, which is expected to close in 2014, would cover both phase one and phase two of the project – excluding Barclays Center and the first housing tower, B2 — including infrastructure, a permanent MTA rail yard, a platform above the …

Deals & Dealmakers »

[2:22 pm, April 11, 2014 | No Comment | ]

Cushman & Wakefield announced Vice Chairman Dan Harvey and his team in the firm’s San Francisco office represented, the world’s top CRM platform, in a record-breaking office lease of approximately 714,000s/f at 415 Mission Street.
The transaction, which is the largest office lease in San Francisco history, includes renaming the 1,070-foot tall Cesar Pelli-designed structure Salesforce Tower.
Harvey and his team members, including Tori Hockersmith, Michael Griffiths, John Coons and  Anna Jensen, negotiated the history-making lease in which will occupy floors 1, 3-30 and 61 of the 61-floor tower, currently under construction by …

Deals & Dealmakers »

[2:08 pm, April 11, 2014 | No Comment | ]

Coldwell Banker Commercial Alliance  announced that Corey J. Abdo, a veteran Manhattan commercial real estate professional with over 25 years of experience representing both tenants and landlords in Manhattan, has joined the firm as an executive managing director, Leasing and Sales, for its New York City office.
In his new role at CBC Alliance,  Abdo will provide owner representation and tenant advisory services to clients throughout the Metropolitan area. Richard Selig, Principal, Coldwell Banker Commercial Alliance made the announcement.
“Corey brings a tremendous amount of experience to his new position with an …

Deals & Dealmakers »

[1:01 pm, April 11, 2014 | No Comment | ]

The Big Ten Conference announced it will open its second office, establishing a New York City presence to help serve the needs of its 14 member institutions.
Newmark Grubb Knight Frank’s Matthew Siegel and David Falk assisted The Big Ten in securing its new space at 900 Third Avenue, which will be fully staffed and operational by June 1.
Frank Doyle and Doug Neye from JLL represented the landlord, Paramount Group,  in the lease for 4,392 s/f.
Three Big Ten staff members working in branding, championships, communications and compliance will be based in …

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