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[28 Jan 2015 | No Comment | ]
Awesome is the new buzz word when it comes to retrofits

When completed next fall, One Soho Square in Midtown South, will provide cool, creative Class A office space in two existing historic buildings as well as three new penthouse levels.

It was designed to appeal to TAMI tenants and is part of a major shift in retrofitting properties that blurs the line between work and play and focuses on giving employees an “awesome experience.”

Much of the shift is are aimed at attracting and retaining top talent and remaining competitive in a global economy…

Brokers Weekly, Construction & Design, Featured »

[27 Jan 2015 | No Comment | ]
Silverstein tops out downtown’s tallest apartment building

Larry Silverstein, chairman of Silverstein Properties, celebrated the topping out of 30 Park Place, Four Seasons Private Residences New York Downtown at 926 ft. and 82 stories.

The tower is now the tallest residential building on New York’s Downtown skyline, offering 157 luxury apartments starting on the 40th floor overlooking the Hudson and East Rivers, New York Harbor, Empire State Building and all of Midtown.

The residences are perched above the 189-room Four Seasons Hotel New York Downtown slated to open in 2016

Deals & Dealmakers, Featured »

[27 Jan 2015 | No Comment | ]
Avison Young takes another bite out of tri-state

Just days after announcing its New York City expansion into 40,000 s/f at 1166 Avenue of the Americas, Avison Young has signed a new lease for office space in Morristown, NJ, as the firm continues to grow its tri-state presence.

The lease, which comes just over two years since the firm entered the New Jersey market, doubles the size of Avison Young’s New Jersey office and will accommodate the firm’s future growth.

Avison Young entered the Tri-State market in 2012 and has since established a regional presence, with offices in New Jersey, New York City, Long Island and Fairfield/Westchester.

Deals & Dealmakers, Featured »

[27 Jan 2015 | No Comment | ]
C&W announces new leaders of money-making Global Occupier Services

Cushman & Wakefield has reshuffled leadership of it’s revenue pumping Global Occupier Services.

Todd Schwartz, the group’s Global Chief Operating Officer, Mark Wanic, Head of Americas Occupier Services, and Richard Middleton, Head of EMEA and Asia Pacific Occupier Services will co-lead the division.

The appointments follow John Santora being named Chief Executive Officer for North America. Schwartz, Wanic and Middleton have also been appointed to the firm’s Global Management Committee.

Construction & Design, Featured »

[27 Jan 2015 | No Comment | ]
Crowdfunders issue 3 WTC offer

Crowdfunding platform Fundrise is offering up to $5 million worth of bonds for Silverstein Properties’ planned office tower 3 World Trade Center to its investors.

The offering doesn’t involve any new debt issuance for the tower, which is already fully funded through State-backed Liberty Bonds. Rather, Fundrise has bought some of the bonds and is now offering them to its investors on the secondary market.

Deals & Dealmakers, Featured »

[27 Jan 2015 | No Comment | ]
Industry holds its breath as Bharara investigates Silver

By Konrad Putzier
New York Assembly Speaker Sheldon Silver’s arrest on corruption charges has sent shockwaves through the real estate industry, as developers and tenant advocates try to figure out how the investigation will affect their future.
Silver was arrested last week on five counts of corruption. In his indictment, U.S. Attorney Preet Bharara accuses Silver of having referred two unnamed developers to a law firm in exchange for hidden payments from the firm. Although unnamed, several reports have cited Leonard Litwin’s Glenwood Management.
Bharara alleges that the developers knew about the payments …

Brokers Weekly, Featured »

[23 Jan 2015 | No Comment | ]
List of America’s best and worst celebrity neighbors

By Dan Orlando
In one of the most crowded cities on the planet, loving thy neighbor may not always be the easiest task. But for some locals, it’s more than doable.
As 2014 wound down, Zillow polled America to see which celebrities would likely be the best neighbors.
Despite the hustle and bustle of city life, several New Yorkers made the list and Tonight Show host Jimmy Fallon was crowned as the ”Most Desirable Neighbor,” for the second year in a row.
“Each December, Zillow looks at celebrities that have made headlines throughout the …

Brokers Weekly, Featured »

[23 Jan 2015 | No Comment | ]
Most promising agent looking to be the best

By Holly Dutton
At just 26, Corcoran broker Antony Bitar is a rising star in NYC residential real estate, earning honors for his high volume of transactions and REBNY’s “Most Promising Salesperson of the Year” award, all in just under three years in the business.
Bitar, a native of Little Falls, NJ, came to real estate from a musical background, and recently moved to Corcoran from Coldwell Banker AC Lawrence in December.
“I got into it (real estate) thinking it was just something I’d do on the side,” said Bitar. “I didn’t realize …

Brokers Weekly, Featured »

[22 Jan 2015 | No Comment | ]
Brokers keep busy even when market is in hibernation

By Holly Dutton
If residential real estate were like football, consider this month pre-season training.
In an industry that’s always moving, residential real estate has historically had two times during the year that are considered “down” times — the thick of summer in August, and at the height of the holidays in December — those being the times when families are away at summer beach homes and enjoying holiday times with family, when buying or selling real estate is at the bottom of the priority list.
But that doesn’t mean brokers and agents …

Deals & Dealmakers, Featured »

[22 Jan 2015 | No Comment | ]
Feil fills 841 Broadway with signing of new lease with digital company

The Union Square technology corridor has been extended once again with the announcement that digital advertising and media management software developer Centro Inc. has leased two full floors at 841 Broadway, owned and managed by The Feil Organization.
Terms of the lease transaction were not disclosed.
Centro will occupy 26,235 s/f on the sixth and seventh floors of the 108,000 s/f building, said Robert Fisher, director of commercial leasing for The Feil Organization.
“This lease brings the building back to full occupancy and demonstrates the continued strength of the Midtown South market,” Fisher …

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