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Home prices rise for 21st straight month: CoreLogic
CoreLogic house prices (Credit: Capital Economics via Business Insider) Home prices, including distressed sale, climbed 11.8% year-over-year in November 2013, marking the 21st straight month of...
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Kent Swig’s 740 Park Avenue pad listed for $32.5M
From left: Kent Swig and 740 Park Avenue UPDATED, 12:53 p.m., January 7: Developer Kent Swig’s ex-wife Elizabeth has listed the co-op the couple once shared at the ultra-exclusive 740 Park Avenue for...
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Murdered developer Stark’s partner now a possible suspect in slaying
Menachem Stark The investigation into the grisly murder of Williamsburg developer Menachem Stark has taken a dramatic turn, with his business partner Israel Perlmutter reportedly now considered a...
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18 Gramercy Park ranked highest-priced new project of 2013
Priciest new developments in Manhattan The most expensive new development in Manhattan in 2013 was the Zeckendorfs’ 18 Gramercy Park, where closed sales averaged more than $4,000 per square foot,...
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Co-op City turns down Cablevision bulk deal
From left: Cablevision’s logo, Co-op City in the Bronx Residents of Co-op City who recently voted on a too-good-to-be-true deal with Cablevision to cut their cable bills by 75 percent are holding out...
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Dolly Lenz faces off with Bond’s Freedman on Bitcoin: VIDEO
From left: BOND New York co-founder Noah Freedman, the Bitcoin logo and Dolly Lenz When it comes to the budding online currency Bitcoin serving as payment for real estate deals, BOND New York...
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A bull’s (and bear’s) eye view of the 2014 housing market
Whether 2014 will be another banner year for real estate or wind up strangled by skyrocketing interest rates largely hangs on five key determinants. Inventory, the state of the home construction...
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Second Avenue retailers optimistic as subway makes progress
From left: 1326 Second Avenue, rendering of the new 96th Street subway station and 1814 Second Avenue As signs featuring images of the new $351 million 96th Street subway station adorn buildings lining...
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Extell breaks its own rule for One57′s first resale
The view from One57 Extell Development reportedly typically forbids buyers from flipping contracts before closing and from trying to sell units until a year after purchase. But it seems that the...
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Invesco’s Instrata at Mercedes House 100 percent leased
Mercedes House at 550 West 54th Street Invesco Real Estate’s Instrata at Mercedes House is 100 percent leased after 10 months on the market. The 162 luxury apartment rentals at 550 West 54th Street are...
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Taconic, partners plan 210-unit project in Hell’s Kitchen
Rendering of 525 West 52nd Street Three huge new affordable housing developments could be on their way to Hell’s Kitchen. The plan to bring 210 units of affordable housing to the area along West 52nd...
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Thor signs Qatari designer in first 680 Madison Avenue deal
From left: Joseph Sitt, 680 Madison Avenue and Qela’s Doha flagship store Qatari apparel retailer Qela has inked a 6,230-square-foot lease at Thor Equities’ 680 Madison Avenue — the brand’s first...
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Loft law remakes illegal South Williamsburg dwelling
475 Kent Street Life has changed for one bunch of Williamsburg loft dwellers who, thanks largely to the 2010 loft law, now legally inhabit their industrial space. South Williamsburg’s 475 Kent Street,...
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Vornado leads New York-focused REITs in Q4
From left: Steven Roth, Sam Zell and Marc Holliday New York-focused real estate investment trusts are still reeling from the Federal Reserve’s “taper talk,” but Vornado Realty Trust’s continued push to...
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Government briefs: Coney Island amphitheater gets green light; Silverstein...
The Childs Building in Coney Island From the January issue: In this month’s summary of government-related real estate news, TRD zooms out to Brooklyn, where the City Council approved former Borough...
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Take a look inside Spike Lee’s $32M townhouse, New York ranks No. 2 for...
A faux fireplace + radio from Plow Hearth 1. Take a look inside Spike Lee’s $32 million Upper East Side townhouse [Curbed] 2. New York ranks No. 2 for foreign real estate investors: VIDEO [CNBC] 3....
View ArticleKensington landlord’s murder marks second in a week
Less than a week after Williamsburg landlord Menachem Stark was murdered, police are looking into the homicide of a Ditmas Park landlord whose body was found just after midnight. A male tenant is a...
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Stark’s partner “outraged” over claims of role in murder
From left: Henry Mazurek and Menachem Stark In response to reports that police consider him a murder suspect, Israel Perlmutter – business partner to slain Brooklyn landlord Menachem Stark – said he is...
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New York Methodist Hospital plans get thumbs up
A rendering of the New York Methodist Hospital at 506 6th Street in Park Slope A key Park Slope community board panel did an about-face on New York Methodist Hospital’s contentious expansion plan in...
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New Midtown West hotel to rise on contaminated site
333 West 38th Street Long Island-based Optima Real Estate is developing a Gene Kaufman-designed hotel at 333 West 38th Street. The 21-story hotel between Eighth and Ninth avenues will contain 79 rooms...
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