Deals & Dealmakers
We’re all miserable as rents and taxes continue to climb
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By Sarah Trefethen & Sabina Mollot TENANT PROTESTOR AT THE ANNUAL RGB MEETING Owners of multi-family buildings pay the lion’s share of New York City
Featured
Skyrocking rents sending apartment hunters to boroughs
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Aerial view of Brooklyn. By Holly Dutton It’s all about the outer boroughs. As another round of quarterly reports comes out, the numbers don’t lie;
Residential
Rent too damn high? New Yorkers don’t care
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A surprising new survey has revealed that New Yorkers are unfazed by the city’s sky-high rents. While the rest of the country’s apartment dwellers cite
Featured
Restaurateurs sour on rising rents
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By Holly Dutton With rents increasing in all of the prime retail areas, and longtime restaurants like Union Square Café shuttering after 30 years, restaurateurs
Deals & Dealmakers
Laboz offloads $40 million in Manhattan property
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By Lauren Johnson Manhattan landlord Maurice Laboz’ Regal Real Estate has sold close to $40 million worth of real estate in a series of deals with The Lam Group.
Deals & Dealmakers
NGKF markets hotel portfolio
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Jonathan Falik By Holly Dutton A portfolio of eight hotels located along the East Coast are being brought to market by Newmark Grubb Knight Frank (NGKF) Hotels.
Property Managers
Taxing times as investors examine all the options
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James Nelson of Massey Knakal, sat down with William Elder of RXR Realty, Christopher Schlank of Savanna Partners, Brian Steinwurtzel of Newmark Grubb
Deals & Dealmakers
On the scene: CPEX sells $7M building in BK, Silvershore buys in BK Heights
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CPEX Real Estate Services announced the sale of 351 Franklin Avenue in Clinton Hill, Brooklyn. The property is a newly constructed residential building
Deals & Dealmakers
Leases
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New York Hudson Jeans has signed a 5-year, 2,696 s/f expansion at 231 W. 39th St., according to Adams & Co. This adds to their 4,277 s/f lease, creating
Deals & Dealmakers
New York developer helping poorest children of Haiti, Latin America
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Fifteen years ago, Roland Dib established Giving For Living International. Today, the charity has distributed more than one million articles of shoes and
Deals & Dealmakers
‘Empire State Building’ sold for $32M
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640 Broadway was named after the Empire State Bank on the ground floor. A Broadway property known as the Original Empire State Building has been sold for $32.
Construction & Design
Carpenters union okays $200,000-a-year pay deal
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By Al Barbarino The New York City District Council of Carpenters union has approved a contract that will help members rake in nearly $100 per hour and