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Brokers Weekly, Featured »

[12 Dec 2014 | No Comment | ]
New York City brokers take luxury listings to Shanghai’s super rich

By Holly Dutton
With the explosion of Chinese buyers in the U.S. residential market, two TOWN brokers are jumping on the trend, attending a luxury property showcase in Shanghai.
According to research from the National Association of Realtors, China accounted for $12.8 billion of the $68.2 billion in foreign real estate transactions in the US last year.
So far this year, Chinese buyers have accounted for 24 percent of the market share, an increase from a 19 percent share last year.
The Asian nation is the second largest economy in the world and there …

Brokers Weekly, Featured »

[10 Dec 2014 | No Comment | ]
Choppy market is plain sailing for Rutenberg boss

By Holly Dutton
Rutenberg COO Michael Barbolla is working to make his firm even better.
Barbolla, who was recently promoted from general manager to COO, is leading a re-branding campaign for his company, including revamping its website.
A native of upstate New York, Barbolla attended the College of St. Rose in Albany, where he earned bachelors and masters degrees in communications and educational psychology. Following graduation, he moved to New York City in 2000.
While still upstate, he ran a foundation for people with learning disabilities called Wildwood Programs. He also worked at the …

Deals & Dealmakers, Featured »

[8 Dec 2014 | No Comment | ]
Brookfield leasing boss Ed Hogan pitching next big thing to retailers

By Holly Dutton
When the International Council of Shopping Centers convenes in New York next week, Broookfield Property national director of leasing Ed Hogan will be selling visitors the city’s future.
The veteran leasing broker is leading the drive to tenant the massive Manhattan West development with retailers.
And he says he has already seen a lot if interest for space in the area he believes will be the city’s next hot spot.
“I definitely think the far west side of Manhattan is going to be the new hot spot,” said Hogan. “It really …

Deals & Dealmakers, Featured »

[3 Dec 2014 | No Comment | ]
Moinian is shooting high with 5th Avenue retail wish list

By Holly Dutton

The Moinian Group is making a big push for its prime retail on Fifth Avenue, after a revitalizing and renovating the multi-level spaces.
In the midst of one of Manhattan’s busiest retail corridors, Moinian’s building at 535-545 Fifth Avenue has just finished a redesign by architectural firm Gensler and the company is marketing its multi-level retail spaces, looking for top retailers. “We’ve got a hit list of tenants we think are appropriate for the building and we know they’re looking on Fifth Avenue,” said Karen Bellantoni, who is part …

Deals & Dealmakers »

[1 Dec 2014 | No Comment | ]

By Holly Dutton
TerraCRG partner and senior vice president Adam Hess is cornering the market in Park Slope — and he’s just getting started.
In 2013, a year that saw total multi-family sales in New York City hit $7.5 billion, TerraCRG handled 40 percent of sales in Park Slope, said Hess.
“I looked at my team and thought, we’re really on to something here,” he said. “To be able to take a neighborhood like Park Slope that has such a high-profile and such competition and have that high of a market share, we …

Deals & Dealmakers, Featured »

[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.

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