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[21 Jul 2014 | No Comment | ]
Silverstein signs 100,000 s/f tech tenant at 4 WTC

Silverstein Properties announced today that global technology company MediaMath has signed a 15-year, 106,000 s/f  lease at 4 World Trade Center.
The company will consolidate its more than 300 NY-based employees from three Midtown locations into the 44th, 45th, and 46th floors of 4 World Trade Center when it moves into the 72-story tower in early 2015.
MediaMath joins a growing  group of companies that have made long-term commitments to the new World Trade Center, and becomes the first global marketing technology company to commit to 4 WTC.
Th lease comes on top of more …

Deals & Dealmakers, Featured »

[21 Jul 2014 | No Comment | ]
The more things change, the more they stay the same for Eric Roth

By Konrad Putzier
There are plenty of sons in real estate who took over their father’s business and decided to stick with a proven strategy. And then there’s Eric Roth.
When he took over Friedman-Roth Realty Services from his father Selwyn in 1991, the company had only one business: commercial brokerage. Twenty years later, it has evolved into something of an omnivore.
Roth still brokers sales of multifamily buildings — the company’s bread and butter in the 1970s and 80s — but now spends more time and money buying non-performing debt and making …

Brokers Weekly, Photo Gallery »

[18 Jul 2014 | No Comment | ]

Zeckendorf Development hosted a cocktail reception on the terraces of the newly completed condominium, 18 Gramercy Park, on June 18th, 2014. Originally built in 1927, 18 Gramercy Park is a modern classic that evokes the luxury and grandeur of some of New York’s finest cooperative landmarks in a historic downtown setting.

Construction & Design, Photo Gallery »

[18 Jul 2014 | No Comment | ]

Over 300 corporate real estate professionals, architects, engineers, owners’ reps and service providers attended SHARE’s (Self Help for Women with Breast or Ovarian Cancer) 6th Annual Design, Construction & Real Estate Reception at the Hearst Tower on June 18, 2014.

Featured, Legal »

[18 Jul 2014 | No Comment | ]
Spinola welcomes terrorism risk insurance extension

REBNY President Steve Spinola welcomed the U.S. Senate’s decision to extend the Terrorism Risk Insurance Act.
“Today’s overwhelming 93-4 vote in the United States Senate to extend the Terrorism Risk Insurance Act is a testament to the stellar leadership of New York’s Senior Senator Charles Schumer,” he said in a press statement. “This action sends a clear message that protecting our nation and providing our industry with stability is of paramount importance.”
The law, first implemented in the wake of 9/11, is designed to keep a lid on commercial building owners’ insurance …

Deals & Dealmakers »

[18 Jul 2014 | No Comment | ]
Eastern Union expands its portal

Mortgage brokerage Eastern Union Funding announced that they are now providing clients with access to their new online portal.
Designed by technology firm CRE Tracker, clients can use the portal for real-time tracking of every transaction, from submission to closing. To this end, as Eastern Union personnel negotiate commercial mortgages, users can log in and view all updates on their deals including bank quotes, third party reports, and their closing checklist.
“The technology doesn’t replace the real estate professional, but it does take communication with them to another level. What we’re doing …

Brokers Weekly »

[18 Jul 2014 | No Comment | ]

Home buyers employed in social and digital media who purchased residences in Brownstone and North Brooklyn in the second quarter of 2014 increased 571 percent over the same period last year.
That’s the finding of the Profile of Home Buyers in Brownstone Brooklyn quarterly report released\ by Ideal Properties Group.
The finding was relatively similar to the previous quarter, with a slight drop of three percent.
The report also found an increase in IT fields, with purchasers up 93 percent over the previous quarter and 124 percent over the same time period in …

Brokers Weekly »

[18 Jul 2014 | No Comment | ]

Douglas Elliman Real Estate announced that Alan Nickman and Stephen O’Neal, both previously with Bellmarc Realty, have joined the firm as Nickman O’Neal & Associates, bringing along with them a team of real estate agents.
Nickman and O’Neal have worked together for over 15 years, and combined have decades of experience in virtually every market within the real estate industry.
Having handled deals for numerous property types including co-ops, condominiums, townhouses and single-family homes, Nickman and O’Neal are skilled in all phases of a real estate transaction.
Their business continues to grow with …

Brokers Weekly »

[18 Jul 2014 | No Comment | ]

The apartment you want isn’t for sale? No problem…
Sarah Son built a deal for a Soho one bedroom when the showing she originally planned headed south.
The buyer came with his broker, Michael Carioti of Corcoran, to tour Son’s 101 Warren Street listing.
Put off by the view, the buyer was ready to walk until Carioti discovered Son was also handling a rental at 505 Greenwich and asked her to reach out to the owner about potentially selling it.
“A deal was struck within couple of days, with no exclusive listing, just a …

Brokers Weekly »

[18 Jul 2014 | No Comment | ]

● Related Rentals/ Abington Properties
New High Line rental a hit
Related Rentals and Abington Properties that Abington House on the High Line is more than 30 percent leased, three months after it’s market launch.
“We are thrilled with the response from the marketplace to Abington House and the strong pace of leasing, ” said Daria Salusbury, senior vice president and head of luxury leasing for Related Companies.
“Discerning residents appreciate the superior service Related is known for, and the full suite of interior and exterior amenity spaces are unlike any residential offering in …

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