By The Editors | January 24, 2011 | 6:14 pm
Who was ravishing in red? Who wore a velvet tux? Whose arm was around whom's?Well, REBNY's 115th annual gala was no Golden Globes, but as far as the real estate biz is concerned, it was simply the biggest night of the year. All the big shots were there, at... READ MORE»
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 >
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... MORE >
156 West 44th Street The lack of decent pub fare in or near Hell's Kitchen is a tragedy worthy of a weepy Irish ballad. Now, at least, a new high-end watering hole is coming to the neighborhood. O'Donoghue's Restaurant and Pub is opening at Seventh Avenue and 44th Street. The space features 1,850 square feet on the ground level, along with a 1,000-square-foot... MORE >
Leslie Wohlman HimmelManaging Partner, Himmel + Meringoff PropertiesLeslie Himmel met her business partner, Steve Meringoff, at a lecture at N.Y.U., where she was the first one to raise her hand and ask the speaker, Harry Helmsley, a question. "What's been your greatest achievement to... MORE >
900 Second Avenue These days the last thing the city needs is more slush. But the arrival of several new 7-Elevens promises to bring that and many other dubious delights to the... MORE >
134 Spring Street When Europeans come to New York, they want it to look like Europe, and we hardly blame them. High-end Brit retailer Mulberry Fashions is coming to Soho, lured by its cobblestone streets, restaurants and art galleries (or at least the memory of... MORE >
Fifth Avenue has long have been the summit of Manhattan retail. But high-end gear shop The North Face was initially wary of setting up on the glitzy strip. Nonetheless, the California retailer, which makes adventure apparel for the suburban set, is searching for space to open a new store on Fifth Avenue, a source... MORE >
Last year was a busy one for Tony Malkin, and 2011 is looking to be more of the same. He was embroiled in a minor scandal for refusing to light his landmark Empire State Building in honor of Mother Teresa's centennial. A few months later, Malkin, seeking to protect views of his tower, was unable to stop rival Steve Roth from winning approvals for 15 Penn Plaza.... MORE >
The lefty blog that your neighbor contributes to, The Huffington Post, plans to set up new digs in one of Chelsea's most desirable... MORE >
Madison International Realty President Ronald Dickerman has operated his New York-based company for nearly two decades. During that time, it has accumulated large investment stakes at the Seagram Building, 520 Madison Avenue and London's Devonshire House, among other trophies. In November, the firm gained a 45 percent stake in the so-called Chrysler East building. Mr. Dickerman, 47, spoke about his firm's investment philosophy and the thinking behind his decision to accumulate a larger ownership... MORE >
Last week it was revealed that a new boutique hotel would replace a Salvation Army shelter on the Bowery, driving the final slender, glassy nail into the old, down-and-out Bowery's... MORE >
This morning, Chuck Schumer took on Chris Christie, the Republican governor of New Jersey, for his decision last year to kill the planned tunnel between New York and New Jersey, citing the increasing cost of the project. "Though I am extremely sympathetic to the fiscal problems Governor Christie clearly faces, and I recognize there are not easy choices to make, I believe pulling the plug on ARC was a terrible, terrible decision," Senator Schumer... MORE >
Companies in New York began to hire again, shoppers returned to the malls and, in the real estate world, tenants dropped their names on dotted lines. To be sure, 2010 saw improvements in nearly every corner of the economy, from the price of rice to employment, according to the Fed's latest edition of its Beige Book, released late last week. Add to last year's breakthroughs the steady rise of Newmark Knight Frank broker Neal Golden... MORE >
2149 Broadway Now that male consumers aren't cutting back on expenses anymore, they can start trimming other things. Men's grooming company The Art of Shaving is expanding to the Upper West Side, Crain's reports. The company recently signed a 10-year lease for a 730-square-foot space at 2149 Broadway, between West 75th and West 76th streets. The asking rent was $350 a square foot. This will be its sixth location, with more potentially to... MORE >
415 Madison Avenue It comes as no surprise that free editorial content is all the rage these days North American Precis Syndicate (NAPS), a 50-year-old New York-based public-relations firm that provides free articles to American newspapers, has subleased a 14,315-square-foot space at 415 Madison... MORE >
545 Madison Avenue There have been worse times than September 2008 to put 140,000 square feet of space catering to financial services firms on the market. But not many. Back in 2006, hedge funds were setting record rents in the Plaza district, David Sigman of landlord LCOR explained to The Commercial Observer. No one questioned the wisdom of gut-renovating a 50-year-old tower and turning it into a shiny, glass-encased tower with trendy LEED... MORE >
827 Third Avenue If you've ever dined on truffles and steak and secretly yearned for a giant ball of cheese, we may have found the fine-dining spot for you. A manufacturer of high-end mozzarella, Buffa, is opening a new classy dining spot on Third Avenue. The cheesemakers already have a restaurant, Obika, in the atrium of the Trump Tower, serving all the staples: juice, coffee, soup, wine and, of course... MORE >
30 Broad Street and 721-723 Seventh Avenue If the NFL playoffs are causing your joints to ache in sympathy with the gridiron titans, you'll be relieved to learn that Sports Physical Therapy has signed three leases in... MORE >
One of the great creations of the real estate boom was "FiDi." As many old office buildings grew obsolete, instead of tearing down the historic warren of grand towers surrounding Wall Street, developers, with the city's encouragement, began converting them into apartments. The Financial District became, well, the Residential... MORE >
By Robert Knakal | January 13, 2011 | 1:04 pm
Sometimes turning points are as clear as day, while at other times you only recognize one in hindsight. During the 1978 baseball season, there were two very tangible turning points for my beloved New York Yankees. The first impacted the entire season, and the second was a turning point in what many baseball historians refer to as the greatest single game ever... MORE >
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