Coldwell Banker says it has abandoned franchising fees for veterans and people who identify as minorities in an attempt to boost diversity among its broker ranks. The New Jersey-based brokerage, which oversees more than 3,000 franchised brokerages globally, will provide financial assistance to those who identify as racial or ethnic minorities, women, military veterans and brokers who identify as LGBT, Inman reported. The new initiative, Coldwell Banker Diversity in Ownership Program, will forgive enrollees the
The post Coldwell Banker is waiving franchise fees for minorities appeared first on The Real Deal New York.
Simon Dushinsky’s Rabsky Group has filed plans for a 78-unit mixed-use project in Williamsburg, the latest from the prolific Brooklyn developer. The complex will span slightly less than 99,000 square feet at 34 Union Avenue, according to plans Dushinsky filed with the Department of Buildings this week. It will stand 12 stories and 114 feet tall, and will include residential, community and commercial space. At least some of the residential units will be low income
The post Rabsky Group planning another Williamsburg mixed-use project appeared first on The Real Deal New York.
Savanna is buying a large office building in the Garment District, The Real Deal has learned. The real estate private equity fund is in contract to buy 1375 Broadway from Westbrook Partners for $435 million, sources told TRD. That price works out to $864 per square foot for the building. Representatives for Savanna and Westbrook could not be immediately reached for comment. Cushman & Wakefield’s Adam Spies, Doug Harmon, Adam Doneger and Josh King negotiated
The post Savanna buying Garment District office building for $435M appeared first on The Real Deal New York.
Vornado Realty Trust is closing The Pennsy food hall, a favorite among Madison Square Garden revelers, to make way for a massive modernization of properties. The retail space at the base of 2 Penn Plaza is expected to close at the end of March, according to Commercial Observer. Its closure comes as Vornado is working on a $2 billion redevelopment of its portfolio of buildings that surround Penn Station. At 2 Penn Plaza, the landlord
The post Vornado Realty shutting Pennsy food hall amid $2B redevelopment plans appeared first on The Real Deal New York.