Times Square shops can gross $8,000 per square foot: Vornado
Small retail tenants in the heart of Times Square earn as much at $6,000 to $8,000 per square foot in annual sales, a top executive with the landlord Vornado Realty Trust said on an earnings call...
View ArticleAfter storm, N.J. brokerages report influx of relocation calls
In the days after President Barack Obama and New Jersey Gov. Chris Christie toured the disaster zone left behind by Hurricane Sandy, developers, brokers and homeowners were beginning to assess the...
View ArticleStorm damages render 88 Greenwich uninhabitable
While power is expected back soon in Lower Manhattan, buildings are not yet ready to be inhabited. Among the buildings deemed unsafe: 88 Greenwich Street, Curbed reported. “The Department of Buildings...
View ArticleNewmark’s third quarter earnings boost BGC’s revenues to $440M
Newmark Grubb Knight Frank raked in $141.1 million in revenue during the third quarter. The third quarter earnings mark a slight decrease from the $144.1 million posted during the second quarter,...
View ArticleClik here to view.
FiDi’s 2 Gold Street deemed unsafe, living among celebrities and trying not...
Storm damage on Midland Beach, Staten Island (credit: Gothamist)At 2 Gold Street, TF Cornerstone lets residents out of their leases, after the building is deemed unsafe. Faring worse in that borough...
View ArticleMLS adds short-term rental feature in Sandy’s wake
The New York State Multiple Listing Service is urging brokers and landlords to help augment its database of properties available for short-term rental. The request comes amid staggering demand from...
View ArticleTop residential agents of the week
Sources: Streeteasy.com and The Real Deal. Footnotes: Data is for closed deals filed with the city this week through Friday. The chart only includes sellers’ brokers, because buyers’ brokers’ names are...
View ArticleTop stories
Top stories yesterday on The Real Deal: 1. MLS adds short-term rental feature in Sandy’s wake 2. How NYC will pay for the unprecedented repairs to flooded subways 3. City expected to begin One57 crane...
View ArticleClik here to view.
Landlords demand rent in buildings left uninhabitable by Sandy, Real estate...
[caption id="attachment_212320" align="aligncenter" width="567"] Wall of gold in the Federal Reserve Bank of New York (source: Businessweek)[/caption] Despite hardships, landlords demand rent in...
View ArticleFEMA could set up trailers to house thousands of displaced New Yorkers
The Federal Emergency Management Agency has started inspecting homes in Staten Island, Queens and Brooklyn in order to assess the needs for temporary housing in New York City, the New York Daily News...
View ArticleFirst Atlantic pays $19.2M for Soho rental
A 15,000-square-foot residential rental property in Soho has traded hands for $19.15 million, according to public records filed with the city today. The trade comes just over a year after the seller...
View ArticleBloomberg appoints former OEM official to head housing recovery unit
Mayor Michael Bloomberg has appointed Brad Gair, a former deputy commissioner for the New York City Office of Emergency Management, as director of housing recovery operations for the city, the Mayor...
View ArticleRalph Lauren to close two NYC stores
As Ralph Lauren does away with its Rugby brand, two of its locations — situated in popular downtown spots — could soon hit the market, Crain’s reported. One of the locations is a 2,500-square-foot...
View ArticleEmpire State Building owners to resolve suit over $1B public offering
The owners of the Empire State Building have inked a $55 million settlement with a group of investors who challenged their plan to create a real estate investment trust that would include the iconic...
View ArticleClik here to view.
Zone A updates, Zillow acquires mortgage software company Mortech … and more
Storm damage at a Lower Manhattan parking garage (credit: Stan Honda)Zone A updates. Zillow acquires the mortgage software company Mortech. 94 percent of city schools were open today. Fort Greene...
View ArticleClik here to view.
House-by-house in the Rockaways, surveying the devastation: PHOTOS
From left: 130 Beach 134th Street before (credit: Google) and after (credit: Adam Pincus) Hurricane Sandy impacted almost every home in the Rockaways, with some damaged by the pounding surf and others...
View ArticleWith sales slow, Harlem developer sells condo project for $22.5 million
After a four-year effort to sell units at a recession-hit Harlem condo, the project’s developer has offloaded the entire building. A UBS fund bought the ground lease for the 46-unit building at 2130...
View ArticleTop stories
Top stories yesterday on The Real Deal: 1. Landlords demand rent in buildings left uninhabitable by Sandy, real estate mogul lists two mansions for $78 million each … and more 2. Four Seasons Hotel New...
View ArticleClik here to view.
Businesses left homeless by flooding battle for temporary work spaces,...
[caption id="attachment_212723" align="aligncenter" width="575"] An alternative polling station[/caption] Businesses left homeless by Sandy battle for temporary work spaces. 250 polling stations moved...
View ArticleOn Twitter, real estate pros celebrate, despair over election results
In the half-day since President Barack Obama clinched his reelection bid, The Real Deal took a look at what the real estate industry was thinking – via Twitter – as the hard-fought and sometimes...
View Article