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[12 Nov 2014 | No Comment | ]
Housing, infrastructure top CRE agenda

By Holly Dutton
Housing and infrastructure topped a list of hot topics city real estate executives want Mayor Bill de Blasio to focus on.
Asked at last week’s Young Jewish Professionals Deal Makers Summit what they would talk to the mayor about, speakers were unanimous.
“There’s a real shortage of affordable housing. We can’t just have housing for very wealthy people,” said David Schonbraun, co-chief investment officer at SL Green Realty.
Schonbraun was joined on the panel by Brahm Cramer, from Alliance Bernstein, and Michael Lehrman, co-founder of CCRE.
The keynote panel was moderated by …

Retail »

[11 Nov 2014 | No Comment | ]
Retail space near High Line prime property for gallery owners

By Holly Dutton
A space is up for grabs right near the booming High Line in Chelsea – and leasing agents are hoping to bring in a big-name gallery.
Eastern Consolidated is exclusively marketing a 4,774 s/f corner retail space at 547 W. 20th Street, also known as 120 11th Avenue. The ground-floor space has 13-foot ceilings, exposed brick, and 965 s/f of storage space.
“The space is ideal for a gallery,” said Brad Cohen, senior director of retail leasing at Eastern Consolidated, who is marketing the space on behalf of the building …

Brokers Weekly »

[7 Nov 2014 | No Comment | ]

By Holly Dutton
Brokerage firm Manhattan Skyline recently launched a “broker road show,” a company initiative for brokers to get out in the field and meet new clients.
New vice president of sales at Manhattan Skyline Concetta Raz is leading the program, and she set a goal for herself – meet 30 brokers in 90 days; and she’s already half way there after one month.
“Manhattan Skyline has an impressive range of apartments, not only in luxury doorman high rises such as the West River House, 205 E. 59th Street, and the Claridges, …

Brokers Weekly, Featured »

[7 Nov 2014 | No Comment | ]
Elliman agent always working to be Miles better

By Holly Dutton
If you can’t stand the heat, get out of the kitchen.
Douglas Elliman broker Brett Miles took that well-known idiom to heart – changing gears after years in the restaurant industry on the West Coast to become a successful real estate agent in New York City.
Miles, who moved to Douglas Elliman in September from TOWN, where he spent nearly four years working in new development and resale, is a California native who grew up in the Central Valley, in an area he called “cow country.” His grandfather owned a …

Featured, Retail »

[28 Oct 2014 | No Comment | ]
Target to open second DoBro store

Downtown Brooklyn is getting another Target in 2016, and this one will be specially designed for urban dwellers.

Target recently announced that it is planning to open one of its newer “urban-concept” stores, CityTarget, in Downtown Brooklyn’s City Point, a 1.9 million s/f mixed-use development.

Deals & Dealmakers, Featured »

[21 Oct 2014 | No Comment | ]
Ratner calling time on Barclays Center investment with offer to sell stake

Developer Forest City Ratner is putting its stake in Downtown Brooklyn’s Barclays Center up for sale.

The company, which has a 55 percent majority stake in the sports and entertainment venue, opened the popular arena two years ago.

According to reports, the center has an annual cash flow of more than $30 million, which puts the value of the venue in the $750 million ballpark.

Brokers Weekly »

[17 Oct 2014 | No Comment | ]
Flatiron District getting 400 new apartments

By Holly Dutton
Over 400 new apartments are being built in the Flatiron District as developers eat into every piece of land available in the neighborhood.
Chinese developer Cheerland Investments could build as many as 106 apartments at 105 East 22nd Street, 106,000 s/f building it just bought for $128 million, according to brokers familiar with the property.
Along the street, at 455 East 22nd Street, developer Bruce Eichner is building a nearly 800 ft. tall luxury tower that will have 83 units.
And just west of that, at 7 West 21st Street, Friedland …

Brokers Weekly, Featured »

[17 Oct 2014 | No Comment | ]
Bushwick neighbor seeing prices go through the roof

By Holly Dutton
The exodus east for Brooklynites searching for cheaper rent has now reached Queens.
A recent third quarter report from Massey Knakal Realty Services showed that buzzy Bushwick’s next-door neighbor, Ridgewood, has exploded in the number of properties sold in the past four years — a meteoric 718 percent rise in building sales since 2010.
The New York Times reported on Ridgewood last summer, detailing how increasing rents in Brooklyn began to push artists and young people towards Queens.
And this April, the New York Daily News ran a piece about Ridgewood …

Brokers Weekly, Featured »

[10 Oct 2014 | No Comment | ]
Flatiron District getting 400 new apartments

Over 400 new apartments are being built in the Flatiron District as developers eat into every piece of land available in the neighborhood.

Chinese developer Cheerland Investments could build as many as 106 apartments at 105 East 22nd Street, 106,000 s/f building it just bought for $128 million.

Along the street,developer Bruce Eichner is building a nearly 800 ft. tall luxury tower that will have 83 units. And just west of that, at 7 West 21st Street, Friedland Properties has started work on twin mixed-use buildings that will have 239 condos.

Brokers Weekly, Featured »

[9 Oct 2014 | No Comment | ]
Larry and Bob living the old and new New York with 30 Park monument

By Holly Dutton
When you watch the promotional movie Larry Silverstein and Robert A.M. Stern shot for 30 Park Place, their first collaboration as builder and architect, you could be forgiven for believing the two stalwart New Yorkers were life-long buddies.
The film — shot in the back of a vintage black Rolls Royce — shows the World Trade Center powerhouse and Yale School of Architecture Dean driving around Manhattan, bantering back and forth about the city they love.
Both grew up in Brooklyn — Stern with working class parents in Kensington, Silverstein …

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