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  • David Peyser Sportswear expands to 28K sf on Bryant Park

    The Real Deal New York 21 Feb 2018 | 8:00 am

    Outerwear and sportswear manufacturer David Peyser Sportswear extended and expanded its footprint on Bryant Park to 28,000 square feet. The company, which has offices spread across several locations in the Garment District, extended its lease on the 12th floor at Adams and Company’s 4 Bryant Park and signed a new lease for the full 10th floor, the landlord told The Real Deal. The new deals give David Peyser 28,000 square feet in the building for […]

  • Boris & Horton pet cafe is a big treat for East Village dog lovers

    Real Estate Weekly 21 Feb 2018 | 7:56 am

    Dog-friendly café Boris & Horton has opened its doors at 195 Avenue A on the corner of 12th Street in downtown Manhattan.

    The upscale café features food and beverages from local vendors as well as vegan and vegetarian fare and gluten free options, local craft beer and wine by the glass.

    The layout of Boris & Horton’s corner location means that with or without a canine companion, the space has room for everyone.

    Working within Department of Health guidelines, the café is split into two distinct areas — the coffee bar, which is for humans only, and the dog side, which welcomes people and their pets.

    Those who come by themselves with a dog will order their drinks and food from Boris & Horton’s 12th Street walk-up window, and then head to the dog side, which features café style seating, boutique pet merchandise and a photo booth.

    For guests visiting with dogs and a human companion, one person can grab a table on the dog side while the other heads into the coffee bar through a vestibule connection, to pick up food & beverage.

    For guests who don’t own a dog, but are seeking a furry fix, Boris & Horton will host frequent adoption events with their rescue partners on weekends.

    The East Village location is the first of several neighborhood spots throughout New York. The next target expansion market is Los Angeles.

    The post Boris & Horton pet cafe is a big treat for East Village dog lovers appeared first on Real Estate Weekly.

  • REBNY Watch: Burgeoning Bronx sees fruits of new development

    Real Estate Weekly 21 Feb 2018 | 7:45 am

    By John Banks

    In order for New York City to continue to thrive as one of the most dynamic urban centers in the world, the city’s various neighborhoods will have to demonstrate a capacity to change and adapt.

    In recent years, we have seen dramatic changes to neighborhoods in Manhattan, Queens, and Brooklyn. It was only a matter of time before the Bronx followed in those footsteps.

    In our most recent Residential Sales Report on the fourth quarter of 2017, we reported that home sales in the Bronx reached a record high.

    In fact, the average sales price for one-to-three family residences reached $515,000, which is a 12 percent increase since the fourth quarter of 2016 and eclipses the previous peak of $507,000 in the fourth quarter of 2006. Some neighborhoods, like Kingsbridge Heights, saw the median sales price rise as much as 15 percent.

    These numbers reflect what has become the new reality in the Bronx. REBNY members recently met with the Borough President, Ruben Diaz Jr., who spoke about plans for four new planned Metro North stations in the borough.

    In Albany, the Assembly Speaker, Carl E. Heastie also hails from New York City’s northernmost borough and is fully committed to the economic development of the Bronx.

    These officials, and the communities they represent, understand the economic benefits of development that other neighborhoods and communities have experienced in recent years — and are eager for the Bronx to get a slice of the pie.

    Already, we have seen the rise of the amenities that come with new development take shape in certain neighborhoods in the borough. There is an influx of new restaurants and bars throughout the Bronx that are reinvigorating historically industrial complexes. This has brought newfound attention to the borough and with it, new residents. For instance, the borough has added over 70,000 new residents since 2010.

    They are drawn to the relative value of living in the borough as well as the ease of transportation — which will only get easier thanks to planned projects like the Metro North expansions referenced above.

    With the economic benefits brought by further development projects, we can expect to see even more new residents venture to the Bronx.

    The fact of the matter is that the Bronx is a much different place than it was when my friends and I would go to baseball games at Yankee Stadium as young boys. Major crime is down by 75 percent and robberies by 80 percent. More quality of life improvements will continue to help the borough flourish for every community, and that is something that every New Yorker should be proud of.

    The Bronx is no longer burning as it was in those decades – in fact, it is growing stronger than ever.

    In Other REBNY News

    Learn about the new tax bill and its effect on the New York real estate market at our Inside Secrets of Top Brokers and Industry Leaders event on Tuesday, February 27, 5:30-8:00 p.m. at the Bernard H. Mendik Education Center. Leonard Steinberg of Compass Real Estate, Robert Schmidt of Merrill Lynch, Mike Slattery of REBNY, and Louise Phillips Forbes of Halstead Property will share their expertise on the panel moderated by Ravi Gulivindala of Nest Seekers International at this event hosted by our Residential Brokerage Division’s Membership Committee. Register online.

    Join us at our bi-annual Members’ Luncheon on Monday, March 19 from 11:45 a.m.-2:00 p.m. at the

    Bruce Mosler

    New York Hilton Midtown. Led by Bruce Mosler, Cushman & Wakefield’s Chairman of Global Brokerage, our distinguished panel will explore the shifting forces, regulations, and costs of doing business that are impacting strategies to drive value in our market. “The New Path to Value: Mega Trends in NYC Real Estate” panel discussion will feature: Ric Clark, Senior Managing Partner and the Chairman, Brookfield Property Group and Brookfield Property Partners; Laurie Golub, Chief Operating Officer, Square Mile Capital Management LLC; Jeff Levine, Chairman, Douglaston Development; and Isaac Zion, Co-Chief Investment Officer, SL Green Realty Corp. Purchase your table/tickets online. For more information and sponsorship opportunities, email Julian Speakes at

    REBNY will also announce the recipient of our 2017 Most Promising Commercial Salesperson Award at the Spring Members’ Luncheon. This year’s nominees are: Conor Sullivan, Associate Director, Colliers International; Chad Sinsheimer, Senior Director, Eastern Consolidated; Evan Fiddle, Senior Associate, CBRE; and Christine Colley, Director, Cushman & Wakefield.

    On Wednesday, March 21, the residential management community will gather for our 20th Annual Residential Management Leadership Breakfast at the New York Hilton Midtown to celebrate the achievements of Adam Batista, of Rose Associates, Inc., who will be presented with the Residential Management Executive of the Year Award and Mitchell D. Barry, of Century Management Services, Inc., who will receive the Residential Management Community Service Award. The event will feature keynote speaker John A. Catsimatidis of Red Apple Group. Register online and email Cindy Ramotar at for more information and sponsorship opportunities.

    The post REBNY Watch: Burgeoning Bronx sees fruits of new development appeared first on Real Estate Weekly.

  • Check out the full roster of panelists for TRD’s Westside Spotlight on March 7

    The Real Deal New York 21 Feb 2018 | 7:30 am

    The Real Deal is pleased to announce a full line-up of panelists for our Westside Spotlight Showcase and Forum on March 7 at The Water Garden in Santa Monica. Real estate’s biggest local players will explore the Westside market in two panels, one taking a holistic look at development in the area and the other diving into the activity in the office market and how it’s increasingly influenced by the tech sector.       […]

  • Zar Group refinances Broadway tower with $210M loan

    Real Estate Weekly 21 Feb 2018 | 7:28 am

    The Zar Group has refinanced 1450 Broadway with a $210 million loan from Goldman Sachs Bank USA.

    Meridian Capital Group’s senior managing director Tal Bar-Or, and vice president Richard Sutton, negotiated the five-year balance sheet loan with full-term interest-only payments.

    Tal Bar-Or

    The Zar Group — the real estate investment arm of the Zar family — had considered converting the 42-story, 400,000 s/f office tower to apartments when they bought it from a partnership of the Chetrit Group, Moinian Group and Edward J. Minskoff Equities for $204 million in 2011.

    Instead, the company tapped Moed de Armas & Shannon to redesign the lobby and upgraded the building systems, installed key card building security systems, tenant-controlled HVAC and new restrooms.

    Several office suites have operable terraces, a rare amenity among Manhattan office buildings, and the property features flexible floor plates, which appeals to small-and medium-sized companies seeking the prestige of a single floor identity.

    Zar signed renewals with the BCBG Max Azria Group and Nederlander Television and Film Productions and brought in new tenants Authentic Lifestyle Products, AcadiaSoft Inc. Fujitsu General America Inc.

    “Bobby Zar and his team have personally invested themselves in the successful repositioning of this property from a new lobby to pre-built suites,” said Bar-Or.

    “The leasing interest and lender interest only validate their work. During this process, there were several lenders offering much higher proceeds, though the team chose to go with moderate leverage while still building a large capital base for future acquisitions.”

    As well as leading the family’s investment arm, Bobby Zar Group runs Zar Apparel Group, a company that designs, manufacturers, imports, and exports women’s fashion apparel under Studio 1,
    Sandra Darren, SD Collection, and JULIA JORDAN brands.

    The post Zar Group refinances Broadway tower with $210M loan appeared first on Real Estate Weekly.

  • Why Vancouver’s housing crackdown could be good for NYC

    The Real Deal New York 21 Feb 2018 | 7:00 am

    British Columbia’s government is doubling down on its bid to lower Vancouver housing prices by curbing foreign demand, which could drive wealthy Chinese home buyers to other markets. As of Wednesday, the special tax foreigners pay when they buy a home in the province’s largest city will increase from 15 to 20 percent, Bloomberg reported. The provincial government is also expanding the tax to other cities, such as Victoria, and adding a 2 percent tax […]

  • International Real Estate: House Hunting in … France

    NYT > Real Estate 21 Feb 2018 | 6:30 am

    Until recently, the housing market in France was sluggish, but now it’s starting to pick up, especially in popular areas like Provence.

  • What You Get: $1.4 Million Homes in Rhode Island, Colorado and Arizona

    NYT > Real Estate 21 Feb 2018 | 6:01 am

    A Tudor-style house in Providence, a condominium in a renovated church in Denver and a 1930 Spanish colonial in Tucson.

  • What You Get for $1.4 Million

    NYT > Real Estate 21 Feb 2018 | 6:00 am

    A Tudor-style house in Providence, a condominium in a renovated church in Denver and a 1930 Spanish colonial in Tucson.

  • Why America’s Youngest Buyers Are Flocking to Luxury Real Estate

    Real Estate – Observer 20 Feb 2018 | 9:00 am

    Two recent reports prove that the American luxury real estate market is on the rise.

  • Michael Kors Just Sold Jon Stewart’s Former Home

    Real Estate – Observer 19 Feb 2018 | 5:55 am

    The designer is trading it in for a sleek new penthouse at the Greenwich Lane

  • Bruce Willis Couldn’t Abandon His Favorite Neighborhood

    Real Estate – Observer 16 Feb 2018 | 10:45 am

    The actor is buying another multimillion-dollar apartment on the Upper West Side

  • When Is A Bench A Bench? Time Squares Today

    BrokerPulse 10 Aug 2017 | 7:57 am

    Time Square NYC, Taken on February 1, 2017: Image Credit: Conny Schubert – Flickr

    (New York, NY) — The famous and infamous Times Square in the heart of midtown Manhattan celebrates the completion—work was finished in 2016—of its successful and ingenuous way to create more outdoor public space for many diverse crowds to use. By successfully rerouting southbound traffic to make room for a piazza-like, the pedestrian-friendly outdoor space is now part of the transformation of Times Square. It is a cultural hub, a public, dynamic and always changing site, and a place to relax and take in the immense colorful view.


    After the rerouting, ushered along by architecture firm, Snøhetta, Times Square gained two and a half acres, or 110,000 square feet of new multifunction meeting places for tourists to sight-see or for midtown workers nearby who want to have lunch al fresco. The reconstruction takes up an interesting bowtie-shaped intersection.


    More than just tables and chairs, what’s sparking renewed public interest are eleven benches spread throughout Times Square. This is not your father’s bench. This is a bench built to last, and range from 30-to-50 feet long. It conceals a system of fiber-optic cables and conduits and power is generated by ConEdison. A 400-amp socket was designed for big productions like concerts or as a movie backdrop, or anything that needs a lot of power. A 20-amp will allow for a guitar-playing singer to perform here.
    But don’t expect to get wired up and descend upon the square. To power up the bench, you need city permits. Even security is tight; there are stainless steel locks that are guarded by the DoT.


    But Snøhetta, the design team, refuse to call the benches benches because they are so much more than that, and even so much more than the fact that they have been wired. Claire Fellman of Snøhetta questions the general “use” of a bench, and argues that the Times Square bench does more than an ordinary bench. You can lean on it, lie back against, or sit in multiple rows. They direct pedestrian traffic and, to paraphrase Snøhetta, they are trying to draw in visitors, not keep them away, especially since how many times can you come to Times Square to dine at Red Lobster or to buy your Strivecton at Sephora, two over-the-top flagship-like stores that serve to anchor the brightness of Times Square.

  • Bill May Require Airbnb To Disclose Full Addresses For Listings

    BrokerPulse 9 Aug 2017 | 1:44 pm

    Airbnb, the enormously popular hospitality service, allows people to lease or rent short-term lodging mostly in the homes of strangers so that they can experience the city they are visiting in a more intimate way, which a hotel can’t even begin to do.


    New York state Assemblywoman Linda Rosenthal at a rally against Airbnb in front of City Hall in New York on Nov. 1, 2016. The rally was largely attended by members of Local 6, the city’s hotel employees union. (Petr Svab/Epoch Times)

    But last week, Assemblywoman Linda Rosenthal, a huge critic of Airbnb, is trying to push legislation that would require the short-term rental site to fully disclose the full address of all available units in New York City. The bill would require Airbnb, as well as other home-sharing sites, to include the street name, street number, apartment number and even the borough, town and county in each listing. Right now, addresses are only revealed to guests once they book a rental.


    A bill that would require disclosure of a full locations is an effort on Rosenthal’s part to create “an open and honest system that prioritizes transparency and safety,” according to the NY Daily News. It’s also meant to curtail commercial operators that are posting illegal hotels in apartment buildings, thereby reducing short-stay renters from getting scammed.

    Because many Airbnb hosts operate behind a “veil of secrecy,” Rosenthal added, “Connecting online activity with offline identity shines some much-needed light on the process, provides guests with information pertinent to their reservation and ensures enforcement agencies can effectively protect residents, guests and community members alike.”


    In this way, it will be easier to crack down on those who are posting illegal listings because then they will be hit with very expensive fines. If the bill is passed, a first offence would be $1,000, a second offense would be $5,000 and a third offence or more would be $7,500.


    Of course, Airbnb has fought back, and its spokesman Peter Schottenfels, claims the disclosure of full addresses would result in a disaster.

    “Forcing New Yorkers to publish their addresses online for anyone to see, especially while they are on vacation or visiting family, will put thousands of lives at risk. . . This is a dangerous bill, and we trust lawmakers will see this for exactly what it is: another favor for the hotel industry sponsored by their favorite taskmaster.”

    According to critics of Airbnb, the bill would only help to serve the real estate industry, its hosts and its visitors and that Airbnb has no reason to refuse to cooperate. In their defense, Airbnb reminded critics that they are in compliance, as they have already been forced to provide addresses to city officials in Chicago, New Orleans, San Francisco and such far-flung cities like Paris, Barcelona and Amsterdam.

    But Schottenfels pointed out that the information is not disclosed publicly, which the New York bill would require.

    So the war begins. Already, both Airbnb and Rosenthal have retaliated by filing ethics complaints against the other over potential lobbying irregularities.

  • Top 5 Most Secure Buildings in New York City

    BrokerPulse 8 Aug 2017 | 5:32 am

    New York, NY — Although many in New York City developed safety concerns following the horrific attacks on 9/11, when it comes to safety and security; no city can rival New York.

    The Big Apple is known around the world for housing some of the most secure buildings in the entire world and for creating some of the most innovative properties not only in terms of design but in safety features as well. Here are five of the most secure buildings in all of New York City.

    Federal Reserve Bank of New York

    “New York City, USA: Security barriers in front of transport truck entrances to the Federal Reserve Bank of New York in the Lower Manhattan Financial District.”

    Found along the streets of Manhattan the New York Federal Reserve Bank is the world’s largest gold depository and the holder of 25% of the entire world’s gold, meaning more than Fort Knox. With approximately $270 billion worth of gold in store, there is a lot to be protected in this bank, which is surrounded by an armed security protection force. Any time one of the airtight and watertight vaults are opened, closed-circuit cameras and detectors sound off.

    The vault of the bank is below a three story bunker that has separate teams monitoring its contents, three separate team members from each teams but be present to open the vault, and not one single person knows the entire combination. Once the vaults are opened, men aren’t even allowed inside, the pallets are moved by robots.

    7 World Trade Center

    7 World Trade Center Image Credit:

    When the two towers were destroyed so was the 7 World Trade Center building. This property, the smallest of the three structures was the only to be rebuilt and now the 52 story building has been deemed the safest in the world. With a concrete core designed to be like a bunker meaning if a similar attack here to happen the structure outside the core could catch or fire or go down, but the core will always stay in tact.

    Empire State Building

    Empire State Building: This shot was during the winter months. Empire State Building facing south in New York City. The Manhattan Skyline and in the distance the Statue of Liberty. Image Credit: Flickr, Gregg Jaden.

    Shown to be one of the safest buildings in the country for the inhabitants inside, the Empire States Building is more than just a famed piece of architecture. The 102 stories that make up this iconic New York structure are made from a steel frame clad by limestone and granite. The structure was built specifically to withstand winds and earthquakes and has some of the strictest security measures for entrance. Security checks are done to everyone that enters and visitors looking to enter the building must first have a valid ticket and walk through full body scanners.

    New York Stock Exchange

    NYC – Financial District – New York Stock Exchange. Image Credit: Flickr, David Pirmann.

    Although the New York Stock Exchange is not even a bank it has security measures in place that rival some of the most secure banks in the world. Underground there is a steel safe deposit vault that’s over 120 feet long and 22 feet wide. The NYSE even implemented new street security options for the area around the financial district. With the new swiveling perforated bollards put in place there are barriers that can quickly rotate to block the street or allow vehicle access as needed. These fast-acting barriers are strong enough to stop a 15,000 pound truck driving 50 miles a hour.

    AT&T Long Lines Building

    The AT&T Long Lines Building. Image Credit: Panoramio, Max Lolinberg

    Often hailed as one of the most secure buildings in the entire world the AT&T Long Lines Building in New York is one property that was truly designed with optimal security in mind from top to bottom. The building was created with the exact purpose to protect the very sensitive and expensive telephone equipment housed in side. It has a ‘windowless’ exterior and has one of the most intensive security systems guarding the entrance. The walls are constructed of granite faced concrete panels that will protect the building and its contents and that is even safe from a nuclear blast. The building was created to be protected and self-sufficient from nuclear fallout for up to two weeks following a blast.


  • Mannequin maker shifts to new showroom space

    Real Estate Deal Watch - Crain's New York Business 1 Feb 2016 | 9:00 pm

    Midtown / Park Ave. South - A company that manufactures and provides mannequins to retailers across the city is moving its midtown south showroom a few blocks away. Mondo Mannequins leased 4,500...

    To view the full story, click the title link.

  • Deal Preserves Apartments’ Affordability for 55 Years

    Multi-Housing News Online 30 Oct 2015 | 5:11 am

    Photo credit:

    Photo credit:

    By Dees Stribling, Contributing Editor

    Pacifica, Calif.—Ocean View Senior Apartments has traded hands, with National Church Residences selling the property to Bridge Housing for an unspecified price. The transaction will preserve Ocean View as an affordable housing property for seniors in Pacifica and pave the way for new capital improvements.

    In 2000, National Church Residences acquired the 100-unit Ocean View at the request of the City of Pacifica, with the goal of sustaining the property’s affordability. Since then, the nonprofit provided property management at Ocean View and raised funds for roof replacement and other improvements. Most recently, National Church Residences had been pursuing a refinancing of Ocean View to repay two maturing loans and address capital needs.

    Bridge will start renovations next month with new financing in place. That includes tax-exempt bonds, additional funding through California Housing Finance Agency, restructuring of existing debt with the San Mateo County and the Housing Endowment and Regional Trust, and the addition of low-income housing tax-credit equity.

    The planned renovations will replace aging building elements with more efficient and higher-performing alternatives; restore and enhance the physical condition of the building; and, according to Bridge, enhance residents’ quality of life. The recapitalization also provides funding to enhance on-site services. Residents will have access to programs such as wellness and nutrition classes and referral services, without charge.

    All current residents will be able to remain in their units for the long term, and new deed restrictions have been placed on the property to ensure rent restrictions will continue for 55 years. Ocean View is affordable to seniors whose annual incomes range from about $14,928 to $84,500 (minimum income standard to 80 percent of area median income, depending on household size), though 31 apartments will have additional subsidy provided by the Housing Authority of the County of San Mateo.

  • Suburban Dallas Apartments Up for Sale

    Multi-Housing News Online 30 Oct 2015 | 4:55 am

    By Adriana Pop, Associate Editor

    Dallas—Greysteel has been retained as exclusive advisor and agent for the sale of The Lakeshore, a 140-unit garden-style multifamily community in the Northwest Dallas suburb of Lake Dallas, Texas.

    The Lakeshore in Lake Dallas, Texas

    The Lakeshore in Lake Dallas, Texas

    Completed in 2015, the property offers 40 one-bedroom/one-bathroom units at 763 square feet, 36 two-bedroom/two-bathroom units at 1,080 square feet, 40 two-bedroom/two-bathroom units at 1,091 square feet, and 24 three-bedroom/two-bathroom units at 1,311 square feet.

    The community is conveniently located along Swisher Road, a high traffic thoroughfare which provides ideal accessibility to Interstate 35E, Dallas-Fort-Worth’s main north and south artery. Residents at The Lakeshore also benefit from the property’s proximity to the University of North Texas in Denton, which is educating over 36,000 undergraduate, graduate, and doctoral level students. Another attraction is the nearby Lewisville Lake, which features 183 miles of shoreline along with over 29,600 acres of navigable waters that offer a multitude of activities.

    Unit interiors feature wood-look vinyl flooring, ceiling fans, brushed nickel fixtures, walk-in closets, a desk nook with cabinetry, private balconies and patios with storage, washer and dryer connections, and black appliance packages with microwaves. Exterior amenities include a resort-style swimming pool, fitness center, business center, clubhouse, theater, BBQ grilling area, and garages.

    Greysteel’s multifamily investment sales team in charge with the assignment is led by Boyan Radic, Doug Banerjee, Andrew Mueller, and Ryan Hill.

    “The Lakeshore is one of only two Class A developments in the City of Lake Dallas in the past 10 years and the design was done by award winning BGO Architects along with the landscaping designed by Meeks Design Group (MDG),” Doug Banerjee, Greysteel director, said. “This property will allow a new buyer to come in and acquire a brand new asset on the highly trafficked Swisher Road extremely close to Lewisville Lake, which makes it a very desirable location for years to come.”

  • C&W Finds Buyer for Villas at Pine Hills

    Multi-Housing News Online 30 Oct 2015 | 3:21 am

    By Balazs Szekely, Associate Editor

    Villas at Pine Hills

    Villas at Pine Hills

    The Villas at Pine Hills multifamily community was recently sold. SCR Properties 3 LLC closed on the acquisition of the 96-unit property in a transaction valued at $5.85 million. Executive Director Jay Ballard and Senior Director Ken Delvillar with Cushman & Wakefield represented the seller, Villas at Pine Hills Partnership.

    Located on a 16.5-acre site at 5249 Champagne Circle in Orlando, Villas at Pine Hills is surrounded by a densely populated garden suburb northwest of the city’s core. Ridgewood Park Elementary and the Maynard Evans High School are both within walking distance from the community, which also offers easy access to a number of shopping and dining destinations. Completed in 1984, the community comprises two-bedroom, two-bathroom duplexes measuring 980 square feet. Each unit features a private driveway, direct access garage, a fenced patio and washer and dryer connections.

    Photo credit: Cushman & Wakefield

  • Ad firm takes a second floor in midtown south building

    Real Estate Deal Watch - Crain's New York Business 28 Sep 2015 | 10:00 pm

    Midtown / Park Ave. South - Lowe & Partners Worldwide is doubling its space at 386 Park Ave. South a year and half after signing a deal to move into the building. The advertising firm is taking the...

    To view the full story, click the title link.

  • Upper West Side goes upscale with new caviar bar

    Real Estate Deal Watch - Crain's New York Business 22 Sep 2015 | 10:00 pm

    Upper West Side - A 14-year-old caviar purveyor is expanding. Olma Caviar Boutique & Bar, which operates a location at Todd English’s Plaza Hotel Food Hall, has signed on for its first freestanding...

    To view the full story, click the title link.


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