Chelsea North: latest neighborhood rebranding?
The latest in the never-ending scheme of renaming New York City’s neighborhoods — for fun or profit — has the Times Square South area going by the moniker “Chelsea North,” the New York Observer...
View ArticleOn Staten Island, 10-acre retreat hits market for $16M
Praise the Lord. A 10-acre Jesuit retreat on Staten Island that is ripe for development has hit the market for $15.95 million, Crain’s reported. Guthrie Garvin and Michael Schneider of Massey Knakal...
View ArticleOne57 crane had 80 percent chance of falling
It appears that the boom of the One57 crane – an enduring image of last week’s storm – was alarmingly close to plummeting 1,000 feet to street level. Building engineer Michael Alacha estimated it had...
View ArticleDisplaced by Sandy? Try a $27,000/month rental
The folks at Streeteasy.com have created a section on their website where residents displaced by last week’s storm can find short-term rentals. However, some of the available listings are better suited...
View ArticleArchitecture review: Contextualist addition mends lower Fifth Avenue
Allow me to refer readers to the November issue of The Real Deal if they wish to have my bilious assessment of Skidmore, Owings and Merrill’s New School University Center at 65 Fifth Avenue. On a far...
View ArticleSixth Avenue space piles up
From the November issue: In a stark reminder that large tenants have retreated, the amount of available office space is piling up on a stretch of Sixth Avenue that is home to many of the city’s premier...
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Buying the White House, Core broker’s dad loses congressional race to...
The White HousePost Citizens United, buying the White House has taken on new meaning. But if Washington’s most famed home hit the market, how much would it fetch? Core broker Michael Graves’ dad...
View ArticleMy single (unit) is dropping: from managing popstar Avril Lavigne to selling...
Many New York sales agents have come to the business of real estate from a wide range of other professions. In an ongoing series, TheRealDeal.com will profile brokers for whom selling properties...
View ArticleTax breaks, Wall Street reform key to real estate’s future, experts say
Hurricane Sandy may have had an immediate effect on New York City’s commercial real estate, but President Barack Obama’s second term and local and state tax policy will have much longer lasting impacts...
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Top five commercial deals of the month
Click to enlarge The top five commercial sales recorded in New York City last month included a luxury retail of Fifth Avenue, a high profile hotel in the center of Times Square, two office buildings in...
View ArticleRomney win would have taken housing in new direction: Trulia chief economist
Although both presidential candidates largely ignored the housing crisis during the race, Trulia chief economist Jed Kolko argues that housing policy would look very different had Romney won. For one,...
View Article“The Help” author Kathryn Stockett pays $1.25M for co-op in East Village
Author Kathryn Stockett has done quite well for herself since publishing her best-selling 2009 novel, “The Help.” The author recently paid $1.25 million for a one-bedroom, one-bath co-op in the East...
View ArticleThrogs Neck center signs retailer T.J. Maxx as second anchor tenant
The Throgs Neck Shopping Center in the eponymous section of the Bronx has signed clothing retailer T.J. Maxx as another anchor tenant, The Real Deal has learned. The national discount chain signed a...
View ArticleNYC multi-family transactions dip in September
Despite a decidedly active August, New York City’s volume of multi-family transactions tailed off a little in September, according to a report released today by Ariel Property Advisors. Only 45...
View ArticleTri-state briefs: Connecticut’s $46M multi-family deal, jumbo loans make a...
From the November issue: In our monthly roundup of real estate news from the tri-state area, The Real Deal looks at Connecticut’s priciest multi-family housing deal – it sold last month for $41.65...
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Rikers Island comes to Soho, Zeckendorf to break ground on East Side rental...
Inside a "capsule" home (credit: Daily Mail)These tiny residential capsules give new meaning to “micro-unit”. Soho gets a public prison cell. Zeckendorf Development to break ground on a 44-story East...
View ArticleResidential landlords offer rent abatements to tenants stranded by Sandy
In the wake of Hurricane Sandy, several of the city’s largest residential landlords have announced that they are providing comprehensive rent abatements to tenants who lost power or water during the...
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Ross, Silverstein, Stacom, others discuss capital markets at NYU conference:...
From left: William Mack, Darcy Stacom, Marc Holliday, Larry Silverstein, Stephen Ross and William Rudin (photo credit: Marc Becker) Titans of real estate -- from Related Chairman Stephen Ross to...
View ArticleStellar’s Larry Gluck prepares to bring Meatpacking’s Milk Building building...
Stellar Management chief Laurence Gluck is preparing to sell the Milk Buidling, a 281,000-square-foot office property bordering the High Line, he said tonight. Gluck, one of the city’s most renowned...
View ArticleReno completed at the Corbin Building
One of Lower Manhattan’s architectural gems — put in peril by the Fulton Street Transit Center — is finally emerging from its renovation, the New York Times reported. The Corbin Building, a nine-story...
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