Home » Archive

Articles in the Featured Category

Featured, Finance & Accounting »

[30 Oct 2014 | No Comment | ]
Rockefeller Group makes another move to bolster investment management platform

The Rockefeller Group has acquired the real estate advisory firm TA Realty as the global owner and developer continues to ramp up its investment management platform.

Rockefeller president Atsushi Nakajima made the announcement this morning (Thursday) noting that investing in what is one of the nation’s largest and most experienced privately held real estate advisors would advance Rockefeller’s own investment management capabilities.

Deals & Dealmakers, Featured »

[30 Oct 2014 | One Comment | ]
First-time buyers zeroing in on Brooklyn market

By Konrad Putzier
When veteran broker Bob Knakal recently remarked that most investment properties are now being bought by first-time buyers from outside the city, he had Manhattan in mind. But increasingly, this trend is also noticeable in Brooklyn.
One of the latest newcomers into the borough is of the Pittsburgh-based real estate investment and property management firm, HLC Equity.
The firm recently bought 146 Fenimore Street, a 17-unit rental apartment building in Prospect Lefferts Gardens, for $3.4 million and is in talks to acquire several other Brooklyn properties.
The purchase marks HLC’s first …

Featured, Finance & Accounting »

[29 Oct 2014 | No Comment | ]
Silverstein celebrates $1.6B bond deal

Developer Larry Silverstein has sold $1.6 billion worth of unrated bonds to finance his planned office tower 3 World Trade Center. The offering, managed by investment bank Goldman Sachs, is the largest sale of unrated debt in history, according to Bloomberg.
The deal brings Silverstein a big step closer to resuming construction on the tower, his third on the World Trade Center. Work on the site has long been stalled after the developer failed to secure sufficient construction financing. In spring, Silverstein tried unsuccessfully to get a loan guarantee from the …

Brokers Weekly, Deals & Dealmakers, Featured »

[29 Oct 2014 | No Comment | ]
Urban Compass doubles new Fifth Ave. headquarters space

Upstart real estate firm Urban Compass its expanding its new Fifth Avenue headquarters space to 50,000 s/f.

Owner RFR Realty announced that the technology-driven real estate platform signed a new lease at 90 Fifth Avenue, effectively doubling its space in the building.

Construction & Design, Featured »

[29 Oct 2014 | No Comment | ]
Report: New York still waiting for 80 percent of Sandy relief money two years after storm

Two years after Hurricane Sandy devastated New York, the city is still waiting for over 80 percent of Government-promised rebuilding money.

The bulk of the $10.6 billion in earmarked federal aid is still trickling its way through bureaucratic red tape, according to a report from the New York Building Congress.

However, the construction industry leader said Mayor Bill de Blasio’s recent effort to kick-start the Build It Back campaign to help New Yorkers rebuild could be the silver lining many property owners have been looking for.

Featured, Finance & Accounting »

[29 Oct 2014 | No Comment | ]
One of Asia’s richest men sinks $40M into Michael Shvo condo development

Michael Shvo’s downtown condo project 125 Greenwich Street has won the backing of one of Asia’s richest men.

The Indian pharma tycoon Dilip Shanghvi has invested $40 million in the planned luxury tower, according to sources familiar with the transaction.

Shvo and partner Bizzi Partners plan to build a 1,356 ft. condo tower that would rival the roof height of nearby One World Trade Center

Construction & Design, Featured »

[29 Oct 2014 | No Comment | ]
Developers lament transit woes as New York continues to grow

Some of New York’s real estate executives see a major threat to the future of the industry — and it’s not taxes or government regulation.

“Forward thinking in infrastructure is what has made this city great in the past, but it has not been as robust in recent years,” said Daniel Tishman, chairman and CEO of Tishman Construction.

Tishman voiced his concern that a lack of infrastructure spending is costing New York City its competitive edge. His fellow panelists at the Urban Land Institute’s Fall Meetup last week agreed.

Construction & Design, Featured »

[28 Oct 2014 | No Comment | ]
Sandy-ravaged Coney Island boardwalk turned into showpiece

Some 10,000 s/f of reclaimed lumber for the Hurricane Sandy-ravaged boardwalks of Coney Island and Rockaway Beach are being used to build the US pavilion for the 2015 World’s Fair.

New York-based Biber Architects has designed the pavilion with a walkway made of the New York wood that will stretch from one end of the 42,000 s/f structure to the other.

Construction & Design, Featured »

[28 Oct 2014 | No Comment | ]
First renderings of One World Observatory

One World Observatory, the tourist magnet atop One World Trade Center set to open in the spring of 2015, has released renderings of the highly anticipated space.

Positioned on top of the tallest building in the Western Hemisphere, on levels 100, 101, and 102, One World Observatory will provide panoramic views of New York City, its most iconic sites, and surrounding waters.

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.

Related Posts Plugin for WordPress, Blogger...