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CBC Alliance buys Tarter Stats O’Toole
Richard Selig and Peter Sabesan of CBC Alliance Commercial firm Coldwell Banker Commercial Alliance has acquired Midtown-based brokerage Tarter Stats O’Toole. CBC Alliance purchases existing firms with...
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Commercial execs see post-Sandy surge for Lower Manhattan
Lower Manhattan after Hurricane Sandy Top commercial real estate executives are substantially more optimistic about the value of property in Lower Manhattan this year, according to a recent survey. Of...
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Leyva’s the Charles — just adequate: Architecture review
1355 First Avenue and Ismael Leyva Ismael Leyva is emerging as one of the leading default architects in New York City. That is not a compliment. Leyva is a man who developers go to knowing he will turn...
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Multi-family deals up in NYC
Both the number of deals and the dollar-volume in New York City’s multi-family market rose in 2013 — despite a slip in citywide transaction volume and falling numbers in Manhattan. The number of...
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Ex-developer on hotel threatened to shoot owners: Court filing
From left: Allen Street Hotel construction photo (credit: Curbed) and a rendering of the project A foreclosure lawsuit against DAB Group, the former developer behind a stalled hotel project on the...
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Arden Asset Management renews lease at Seagram Building
RFR’s Aby Rosen, 375 Park Avenue and NGKF’s Brian Goldman Alternative asset management firm Arden Asset Management has signed on for another 10 years on the 32nd floor of RFR Holdings’ Seagram...
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This month in real estate history
Charles Schwab’s mansion, “Riverside” From the January issue: Steel magnate Charles Schwab bought the first parcels that ultimately made up an entire city block between Riverside Drive and West End...
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Strahan scores $2.3M touchdown with Tribeca home sale
From left: Michael Strahan, a listing shot of his Tribeca home and Frances Katzen From Luxury Listings NYC: It’s a real estate touchdown for retired New York Giants defensive end Michael Strahan, who...
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The most expensive home listings in Queens? These 5
Clockwise from top left: 112-38 72nd Avenue, 46-30 Center Boulevard, 196-05 Como Avenue and 157-11 Powells Cove (Credit: StreetEasy and Curbed) Now that Queens is poised to become the new Brooklyn,...
View ArticleLoss severities for mortgage-backed securities suddenly up
Global rating agency Fitch Ratings warned U.S. investors that longer foreclosures are increasingly boosting the number of losses arising from residential mortgage-backed securities. After six...
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Thor to handle leasing for 519 Broadway’s retail space
519 Broadway and Joseph Sitt C&K Properties tapped Thor Retail Advisors — the retail leasing arm of developer Thor Equities — as the sole leasing agent for a six-story, mixed-use Soho building at...
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Bill de Blasio outlines affordable housing goals
From left: Alicia Glen and Mayor Bill de Blasio Aiming to outdo Mayor Edward Koch, who created tens of thousands of affordable apartments in the 1980s, and Mayor Michael Bloomberg, who pushed for...
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Bronx bridge accidentally named after David Dinkins, Manhasset eases...
One of the earliest maps of Chelsea, from the 1800s (Credit: Curbed via MCNY) 1. Bronx bridge accidentally named after Mayor David Dinkins [NYM] 2. Long Island’s Manhasset eases Manhattanites into...
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Ark Partners looks to block Mansfield lease termination
Mansfield Hotel Ark Partners have asked a Manhattan Supreme Court judge to block the termination of the ground lease at the historic Mansfield Hotel. Ark Partners has been trying to sell the midtown...
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Mayor de Blasio: Uncle Sam should kick in on 9/11 museum
From left: Sept. 11 Memorial & Museum and Mayor Bill de Blasio The price of admission is too damn high, according to Mayor Bill de Blasio. The September 11 Memorial & Museum, which announced...
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Allegation way off, no cranes at East Side site: JDS spokesman
From left: rendering of 626 First Avenue and Michael Stern A spokesman for JDS Development has rubbished an allegation that a crane on the site of Michael Stern’s 616 First Avenue development punched a...
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So which are the best new buildings of the year?
From left: Parkroyal in Pickering, Singapore and Pulsate in the United Kingdom (ArchDaily) Great architects know how to meld personality and functionality in the astounding buildings they design. Our...
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Sale of East Harlem buildings could fetch $500M
1960 First Avenue Two large East Harlem apartment buildings with nearly 1,400 units between them are on the market and could rake in as much as $500 million. The Heritage at East 111th Street and Metro...
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By the numbers: Counting Chinese cash
Zhang Xin and Wang Jianlin From the January issue: It’s not headline news that Chinese investors are parking their cash in New York City real estate, but the magnitudes of those investments is. In...
View ArticleHauspurg’s never “seen so much equity capital” in NYC: VIDEO
The New York City real estate market may go up and it may go down, but it is never flat, according to Peter Hauspurg, chairman and CEO of Eastern Consolidated. For better or worse, the city tends...
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