Articles Archive for 29 December 2011
Brokers Weekly, Opinion »
By Karen Heller,
Every quarter, the largest Manhattan residential real estate firms gather their internal data and look back on closed sales, average prices, and trends.
Interestingly, the last quarter saw striking accord amongst the firms (including Halstead/Brown Harris Stevens, Corcoran, Stribling, and Prudential Douglas Elliman).
Their conclusion: the Manhattan market is an island of stability in the midst of national and international turmoil, seemingly exempt from the eye-popping year-over-year losses experienced in the rest of the nation.
From U.S. coast to coast, the sad drumbeat of bank foreclosures on homes (and …
Construction & Design, Featured »
Spector Group announced that construction is underway on a new $350 million medical campus at 1500 Waters Place in the Bronx.
Spector has designed the new campus master plan for the development of six new buildings on 50-plus acres, as well as the preservation of five existing buildings.
The project will also include a residential .
Construction & Design »
Commercial real estate owner/operator Prism Capital Partners, LLC, has broken ground for Phase I at The Parkway Lofts, a high-profile, multi-family adaptive reuse in Bloomfield and East Orange.
The milestone marks the launch of a signature redevelopment for New Jersey, according to Eugene Diaz, a principal partner with Prism.
Located with high visibility on the Garden State Parkway, the master-planned project initially includes the conversion of a 114-year-old, 365,000 s/f, six-story warehouse building into 361 loft-style apartments, and the creation of a three-level parking facility.
At build out, the 14.5-acre site will be …
Construction & Design »
By Linda O’Flanagan
Brooklyn politicians last week rallied in support of a plan by New York University and Polytechnic Institute to build an applied sciences campus at 370 Jay Street in Downtown Brooklyn.
Putting the long-empty former MTA headquarters at 370 Jay Street to use would be a game-changer for Downtown Brooklyn, according to Borough President Marty Markowitz.
Just days after the city announced that Cornell University had won the rights to build a super-school for the sciences on Roosevelt Island, Markowtiz said, “With today’s announcement behind us, let’s now look ahead to …
Deals & Dealmakers, Featured, Headline »
By Al Barbarino
The Garden State’s office tenants want more than just a side of fries with their office space.
Tenants ranked food service the number one “must have” amenity in an anonymous survey conducted by CBRE last month, followed by a long list of swanky services.
“We’re all spending a lot of time, and more time probably than many of us would like to, at work and in our offices,” said CBRE’s Greg Barkan. “So recruiting and retention of talent is paramount for most corporations. Because of that, quality of life features are becoming much more important.”
Food service took 22.4 percent of the vote, followed by access to public transit, with 16.4 percent.
Deals & Dealmakers »
Imagine walking up to a building and learning about the property inside from a mobile device.
Cushman & Wakefield, the largest privately held commercial real estate services firm in the world, teamed up with AT&T to roll out the new “CWmobile” application, which will be initially used by its commercial real estate brokers in the U.S.
Built on the AT&T Mobile Enterprise Application Platform, CWmobile will help brokers deliver an innovative real estate viewing experience when working with commercial clients.
Benefits include customized, location-based commercial real estate showings. If a client …