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(5/7/13)
Fifth Avenue, Broadway post substantial asking price increases, Midtown South and Downtown corridors also on the rise
Rising consumer confidence, an improving job market and a growing economy have driven demand in Manhattan's high profile shopping corridors in the last six months. Rising asking prices and heavy foot traffic in these areas make the Manhattan retail real estate sector one of New York City's most robust, according to The Real Estate Board of New York's (REBNY's) Spring 2013 Retail Report.
"There are several factors that continue to drive interest in the prime corridors—namely, pedestrian and tourism traffic, the desire for a prestigious address and brand association," said Steven Spinola, REBNY President. "Our Advisory Group reports a lot of interest from luxury and fast fashion brands and tenants from Europe, Asia and South America, who are eager to gain a foothold in the city or expand their already-established presence."
> Read the press release
> Read the REBNY 2013 Spring Retail Report
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(5/6/13)
Nine submissions received, winners to be announced at Retail Deal of the Year Cocktail Party on June 11th
The nominations are in and deliberations are about to begin for The Real Estate Board of New York's (REBNY) annual Retail Deal of the Year Awards, which recognize New York City's top retail brokers. The two awards, The Most Creative Deal in Manhattan and The Retail Deal Which Most Significantly Benefits the Manhattan Retail Market, honor the most inventive and noteworthy New York City retail deals of the past year.
The winners will be announced at the Retail Committee's annual cocktail party on June 11, 2013 at the 101 Club.
"It takes a lot of creativity, ingenuity and skill to coordinate and execute retail deals of the caliber that we receive," said Steven Spinola, REBNY President. "The New York City marketplace is one of the most competitive and complicated to navigate, so it goes without saying that the nominees are some of the most tenacious brokers at their respective firms. Congratulations to all of our nominees and we look forward to celebrating with the winners at the Retail Deal of the Year Awards this June."
> Read the press release
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Thursday, May 30, 2013 7:30AM-10:00AM
The 10th Annual Commercial Management Leadership Breakfast honors outstanding leaders in the field of commercial property management.
Keynote Address will be given by the Honorable Michael Bloomberg,Mayor of New York City.
Edward V. Piccinich, Executive Vice President, SL Green Realty Corp. will recieve the Edward A. Riguardi Commercial Executive of the Year Award.
We will also present the John M. Griffin Community Service Award, the On-Site Manager of the Year Award, the Portfolio Manager of the Year Award, for the third year in a row the Engineer of the Year, the Security Professional of the Year, the Porter of the Year and the Rising Star of the Year and a new award added this year, the Best Engine Room Award.
> Register now
> Learn more
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(4/25/13)
CBRE Tenant Specialist enters prestigious Circle of Winners group; lauded for his sophisticated approach and knowledge of the real estate market
The Real Estate Board of New York (REBNY) honored Stephen Winter, Tenant Representation Specialist at CBRE, with the coveted, Most Promising Commercial Salesperson of the Year Award at Thursday’s Members’ Luncheon. To date, Mr. Winter has completed approximately 800,000 square-feet of transactions and is well-known by all at CBRE as the “go-to source” for market information. He is the sixteenth award winner to be inducted into REBNY’s esteemed “Circle of Winners” group since the creation of the award in 1996.
> Read the press release
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(4/24/13)
Barry M. Gosin, Brian S. Waterman, and Romel Canete of Newmark Grubb Knight Frank for the Morgan Stanley lease at One New York Plaza
Other winning dealmakers include Helen Hwang & Nat Rockett of Cushman & Wakefield who landed 2nd place for the sale of 88 Leonard Street
Scott A. Singer and Jeffrey C. Moroch of The Singer & Bassuk Organization took 3rd place for the construction financing of 50 Oceana Drive West
Real estate’s top honors were bestowed to seven leading dealmakers as The Real Estate Board of New York (REBNY) announced the winners of its highly coveted Most Ingenious Deal of the Year Awards. The awards were presented last night at the Commercial Sales Brokers Committees’ 69th annual cocktail reception at the 101 Club.
And the winners are…
> Read the press release
> Congratulations to our winners
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(4/23/13)
Quarterly survey of brokers reveals outlook is optimistic about economic recovery
New York City real estate brokers reported a significant uptick in confidence in the current real estate market in the first quarter of 2013, as well as a positive outlook for the next six months, compared to the fourth quarter of 2012, according to the Real Estate Board of New York's (REBNY's) Real Estate Broker Confidence Index released today.
Demonstrating increasing faith in the economic recovery, the quarterly index recorded a one-point increase in the Overall Present Situation Index since last quarter to 8.87. This jump was due largely to the resolution of the fiscal cliff issue with the passage of the American Taxpayer Relief Act. The legislative action alleviated much of the anxiety and uncertainty that the broker index conveyed at the end of last year.
> Read the press release
> Read the 1Q 2013 REBNY Broker Confidence Index
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(4/09/13)
1Q sales start the year on a strong note despite lack of inventory; total dollar values of home sales up 23%
The New York City residential sales market got off to a strong start in 2013 with an increase in activity and a jump in median sales prices citywide, despite the lack of inventory, according to The Real Estate Board of New York (REBNY)’s First Quarter New York City Residential Sales Report.
The number of sales of all homes (cooperatives, condominiums, and one-to-three-family dwellings) citywide climbed 11 percent from the first quarter of last year, and four percent from the previous quarter, to 10,012 sales. Median sales prices in the first quarter of 2013 climbed seven percent from the first quarter of last year to $480,000, the highest median sales price for all homes in the city since 2008.
> Read the press release
> Read the 1Q 2013 Residential Sales Report
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(2/25/13)
FEMA recently released a set of Advisory Base Flood Elevation (ABFE) maps for New York City.
Central Region
North Region
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(2/6/13)
Catalogue identifies management companies with proven track records of high-quality service and expedites the selection process for City’s residential owners
The Real Estate Board of New York’s (REBNY) Residential Management Council (RMC), in a continuing effort to expedite the management selection process for residential building owners and boards of directors, has created a catalogue of New York City’s most proven residential property management companies.
> Read the press release
> Download the Catalogue
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What is the Real Estate Board of New York
The Real Estate Board of New York (REBNY) was created in 1896 as the
first real estate trade association in the state. Real Estate
Board members are New York City’s most talented, energetic
and influential real estate professionals. REBNY works on behalf of
its members to promote public and industry policies and frequently
speaks before government bodies to, among other things, expand
New York’s economy, encourage the development and renovation
of commercial and residential real property, enhance the city’s
appeal to investors and residents and facilitate property management.
In addition, the Board conducts various real estate professional
education programs including state-certified required courses
for licensing,
real estate continuing education courses and free New York City real estate seminars to help members
hone their professional skills. REBNY also undertakes a wide
variety of research projects studying the current residential
and commercial conditions within the city and maintains the
largest collection of real-estate related information of any
city trade association in its Seymour B. Durst library, located
at REBNY’s office in mid-town.
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