DMV said to be eyeing 30K square feet on 39th Street
Long lines could be coming to 18 East 39th Street. Crain’s reported that the Department of Motor Vehicles is eyeing a 30,000-square-foot lease in a space located in the building, situated off Madison...
View ArticleStates with high housing costs most vulnerable to loss of mortgage interest...
Limiting the homeowner mortgage interest deduction came up in two of the presidential debates, but specifics about who would be affected and how much they might lose in tax benefits were minimal. To...
View ArticleHotel demand helps fuel city’s economic recovery
As the holiday season approaches, demand for temporary lodging in New York is high — with an average price of $300 a night and some 180 hotels being planned or built. And according to Forbes, the surge...
View ArticleModern Spaces to open first Manhattan office
The Long Island City-based brokerage Modern Spaces will open its first Manhattan office, The Real Deal has learned. The 1,000-square-foot space, located in Chelsea, will replicate the casual...
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Orbach Groups buys $30M UWS portfolio, a third of buyers over $5M now using...
Bryant Park ice rink Nearly a third of home buys over $5M in U.S. are now done with LLCs in order to shield the buyer's identity.Orbach Group buys six UWS apartment buildings for $30M. Home purchase...
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REBNY’s annual gala draws dealmakers, fashion forward brokers: PHOTOS
Terra owner David Burris, Stephen Kliegerman of Terra Development Marketing, Halstead President Diane Ramirez and Terra owner Arthur Zeckendorf (credit: Marc Becker) Last night's Real Estate Board of...
View ArticleBrokerage braves brouhaha, keeps doors open through the storm
While the lights flickered and the streets flooded in Lower Manhattan yesterday, a lone brokerage offered passersby a beacon of hope – and even a chance to view an apartment by flashlight. According to...
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Trump alleges negligence at One57 tower crane collapse: VIDEO
The crane that collapsed at One57 was not tied down, Donald Trump is alleging. Trump told CNBC that he could see the crane from his window and it was moving violently in the wind before it collapsed....
View ArticleAmid contentious school redistricting plans, enrollment rules face new scrutiny
A city-wide rule that allows New York City schoolchildren to remain at a public school even if their families have since moved from the district is under renewed scrutiny, amid a Department of...
View ArticleEven at height of storm, brokers and clients scheduled showings
Never underestimate New Yorkers’ lust for real estate. Even amid hurricane Sandy’s record-breaking onslaught — which brought with it flooding, fires and power outages – some New Yorkers (and would-be...
View ArticleConstruction employment sees widespread declines
Construction employment declined year-over-year in September in 160 out of 337 metropolitan areas in the United States, according to a release issued today by the Associated General Contractors of...
View ArticleCongressman Turner’s home among those lost in Queens fire
The home of U.S. Rep. Bob Turner was one of the casualties of the fire that engulfed Breezy Point, Queens amid Hurricane Sandy, Crain’s reported. A Washington spokesman for Turner, a Republican who...
View ArticleDowntown office buildings flood, knocking popular websites offline
Hurricane Sandy didn’t just force people out of their homes and offices, it forced websites offline. That’s because many of the data-hosting companies are based in areas of New York City that were...
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‘Hopefully, it will hold,” Extell’s Barnett says of One57 crane, Wall Street...
Jane’s Carousel at Brooklyn Bridge Park (credit: Gothamist and andjelicaaa on Instagram)No carousel is an island — except maybe this one, in Brooklyn Bridge Park, during the storm. “Hopefully it will...
View ArticleHUD halts some foreclosures in wake of hurricane
The U.S Department of Housing and Urban Development has issued a 90-day moratorium on foreclosures of FHA-insured mortgages for homeowners in the New York region, the agency said today. The measure...
View ArticleSandy floods World Trade Center site; damage assessment underway
New York Governor Andrew Cuomo said the World Trade Center site sustained excessive flooding as a result of Hurricane Sandy. “The Hudson River was literally pouring into the Ground Zero site with such...
View ArticleForeclosure rates rose in New York
Foreclosure rates last month — as measured by foreclosure inventory as a percentage of all mortgaged homes — rose 0.9 percent, year over year, in the state of New York, according to a CoreLogic report...
View ArticleCorcoran Group’s new website set to be more social, mobile-friendly
The Corcoran Group’s new website, set to launch in the next few months, will be much more mobile device-friendly and will engage on a social level with prospective buyers and renters, Corcoran...
View ArticleBerkshire Hathaway buys controlling share in Prudential, Real Living real...
Following statements of confidence in the U.S. housing market, investor Warren Buffett is entering his holding company Berkshire Hathaway into a venture with Toronto-based private equity firm...
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