A Mile-High Buy at Nouvel's 100 11th Ave
By Matt Chaban | January 21, 2011 | 4:37 pm
It's not the penthouse, but it's close--and so is the... MORE»
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Part 2! Exit Strategies for Commercial Tenants
By Jeffrey Margolis | January 21, 2011 | 4:09 pm
Welcome back. Happy and prosperous 2011. When last we met we were discussing the need to plan ahead--exit strategies in commercial leasing--with a focus on retail. A number of scenarios were mentioned, such as the plight of a local eatery with what was once a novel concept that had become totally dated. We distilled the tenant goal on transfers down to one word:... MORE»
Text Uber, Get a Cab
By Adrianne Jeffries | January 21, 2011 | 3:45 pm
The San Francisco startup formerly known as UberCab has its eye on New York. Uber is looking for an Operations & Logistics Manager as well as a Community Support Manager in the... MORE»
Framed! Ten-Year Window for Durst Spot
By Laura Kusisto | January 21, 2011 | 2:48 pm
112 West 44th Street It took only 10 minutes to frame a picture-perfect lease at 112 West 44th Street. John Grotto, of landlord the Durst Organization, went into Art Frame Gallery and persuaded the owners to come check out his space. Minutes later the tenant was ready to sign. "They liked the location," Mr. Grotto told The Commercial Observer. "It's a busy thoroughfare, with people walking east-west into Times... MORE»
Let's Party Like It's 2007! Scenes from a Rambunctious REBNY Gala
By Matt Chaban | January 21, 2011 | 12:59 pm
There was no Ricky Gervais at last night's REBNY annual banquet, but obviously attendees had been watching the Golden Globes, as emerald green was the color of the night for all the lovely ladies of the city's building elite. There was even a gentleman in a green felt suit with matching Jets cufflinks. R-E-B-N-Y. REBNY REBNY REBNY. He was not, as we'd hoped, Woody Johnson.... MORE»
Cestero Out as City Housing Chief—UPDATED
By David Freedlander | January 21, 2011 | 12:46 pm
New York City Housing Preservation and Development head Rafael Cestero is leaving the Bloomberg administration to accept a job in the private sector, according to a release out from City Hall... MORE»
Gentrification Comes to Canal Street
By Matt Chaban | January 21, 2011 | 11:29 am
If they can fancy-up the Fulton Mall, it was only a matter of time before Canal Street went upscale. The tourist-clogged thoroughfare is getting a new hip Asian bistro from Tom and Anthony Martignetti, according to... MORE»
Ono! Tourist Sneaks Into Dakota, Spooks Yoko
By Matt Chaban | January 21, 2011 | 9:24 am
Thirty years ago, John Lennon was gunned down outside his Central Park West home, so it stands to reason the Dakota would have decent security. Apparently not, as Yoko Ono bumped into a Korean tourist who had snuck into the building to snap pictures on the roof. (It is pretty picturesque up... MORE»
On the Market: A Fireplace Backlash; Bad Fella DeNiro Owes Nanny; Pop-Tart Zone Becoming Hotels
By Matt Chaban | January 21, 2011 | 8:58 am
Harlem super at drug-free apartment caught dealing drugs [DNAinfo] The Apthorp hires a creative director--does your building need one? [Brick Underground] New site puts condo plans online, saving time and money... MORE»
It's Free to Look: Can You Double Your Money at 15 CPW?
By Matt Chaban | January 20, 2011 | 5:51 pm
There is nothing especially spectacular about this brand-new listing at 15 Central Park West, except that there is a brand-new listing at 15 Central Park West, the building we just can't stop talking about. This two-bedroom unit has everything the perspective buyer would expect. "From the exquisite moldings and doors to the custom paint and fine finishes throughout, every detail has been considered in this high-end redesign," coos Halstead's Lisa Schuller in her $8.2 million... MORE»
Carnegie Corporation Head Sells Fifth Avenue Spread to Financier
By Matt Chaban | January 20, 2011 | 5:17 pm
It looks like Giovanna Calvino is losing some brainy neighbors in the building next door. David A. Hamburg, president emeritus of the Carnegie Corporation, and his wife Beatrix have just sold their exquisite three-bedroom co-op at 1140 Fifth Avenue, according to city records. (As The Observer reported yesterday, Calvino just bought at... MORE»
New Bowery Boutique Hotel Knows How to Party
By Matt Chaban | January 20, 2011 | 4:21 pm
We got our first look at the new boutique hotel being built on the Bowery by the Paris-based Louzon Group on Tuesday. At the time, it looked funkier than a poodle with a mohawk, but the place turns out to be more rave then... MORE»
Even Michelle Obama Will Shop at Walmart
By Matt Chaban | January 20, 2011 | 2:20 pm
New York politicos have been lining up to fight Walmart for months now, as the national retailer attempts its third incursion into the city. Yet they may have just met their match in the first... MORE»
With the REBNY Gala Tonight, a Word About the Benefits of Board Membership
By Robert Knakal | January 20, 2011 | 1:25 pm
In the commercial real estate brokerage industry, there are many qualities that are common among the very top producers: having a passion for the business, specialization, hard work, integrity, positive thinking, being able to successfully manage time and setting goals. Another characteristic common to the top brokers in our industry is their ability to effectively network. After all, this is a relationship... MORE»
Investment Touchstones for 2011
By Sam Chandan | January 20, 2011 | 1:15 pm
New York City has been at the fore of the current recovery in multifamily and commercial real estate investment activity. Signaling institutional investors' renewed confidence in the city's broader economic and employment outlook, the recent rebound in property sales has provoked deals that recall some of the most visible acquisitions from before the financial crisis. Bolstered by a cluster of large year-end transactions, Manhattan alone accounted for nearly 10 percent of the nation's commercial property sales in... MORE»
