Clik here to view.
This month in real estate history
Brooklyn in 1890 From the February issue: Brooklyn real estate market hits standstill in 1893 The uncertainty surrounding the proposal to merge the independent city of Brooklyn into a proposed greater...
View ArticleClik here to view.
Long Beach Medical Center goes bust, property to be acquired
Long Beach Medical Center Long Beach Medical Center, heavily damaged by Superstorm Sandy and in the red even before the floodwaters struck, filed for Chapter 11 bankruptcy protection Wednesday. The...
View ArticleClik here to view.
How the Manhattan Bridge was built, why real estate taxes go up — even when...
Footpaths to Manhattan Bridge 1. To build the Manhattan Bridge workers traversed these terrifying footpaths [Gothamist] 2. Washington, D.C. brokerage has flat fees, but full service [NYT] 3. Stranded...
View ArticleClik here to view.
Rupert Murdoch buys four floors at One Madison for $57M
From left: Rupert Murdoch and the penthouse at One Madison Park Media titan Rupert Murdoch is in contract to buy residential condominium One Madison’s top four floors for $57.25 million. The sale,...
View ArticleClik here to view.
Calhoun School unveils plans to modernize building
From left: Rendering 433 West End Avenue’s proposed facade and the school’s current design The Upper West Side’s Calhoun School is angling to modernize its landmarked campus building on the corner of...
View ArticleClik here to view.
Court rules restaurant can operate in Union Square Park
Union Square Park A court has given the Parks Department the green light to allow a seasonal restaurant to set up shop inside Union Square Park. Locals that opposed the agreement said it would take...
View ArticleClik here to view.
Join us on Facebook
The Real Deal’s Facebook page Like” The Real Deal magazine on Facebook here, and you’ll join a community of nearly 30,000 fans discussing the latest in New York real estate news. Our Facebook page...
View ArticleClik here to view.
Brooklyn Heights Cinema building up for sale or lease
70 Henry Street Brooklyn Heights Cinema owner Tom Caruana is marketing the space for either sale or lease following failed attempts to secure approval for a residential addition to the building, at 70...
View ArticleClik here to view.
Extell secures demo permits for Pathmark site
227 Cherry Street The long-shuttered Pathmark grocery store on the Lower East Side will soon be torn down, now that demolition permits have been approved by the city. Extell Development, which...
View ArticleClik here to view.
Law firm inks 10-year lease in NYSE building
From left: Donald Lucas, Michael Mecanti and 30 Broad Street One of the country’s top patent law firms is ditching its Midtown South office digs for a 14,880-square-foot space in the New York Stock...
View ArticleParties settle over sale of Long Island College Hospital
The community groups that sued the State University of New York and the Department of Health for violating a court order by attempting to sell and close Long Island College Hospital have officially...
View ArticleClik here to view.
What de Blasio told builders behind closed doors
From left: Stephen Green, Bill de Blasio and Stephen Ross Now we know why developers who attended a closed-door meeting with Mayor Bill de Blasio earlier this week seemed encouraged by what they heard....
View ArticleClik here to view.
With possible lawsuit looming, Ocwen stumbles in bond sale
Ocwen’s Ronald Faris Atlanta-based mortgage service Ocwen Financial Corp. did not fare as well as underwriters had hoped in a new debt offering. Nearly $124 million was raised from the sale of bonds...
View ArticleClik here to view.
Kushner snaps up Brooklyn Law School portfolio for $36.5M
From left: Jared Kushner, Stephen Palmese and 89 Hicks Street Jared Kushner’s Kushner Companies has inked a deal to buy a multi-family portfolio in Brooklyn Heights from the Brooklyn Law School for...
View ArticleClik here to view.
Plan unveiled for high-end rental restrooms in Midtown
A New York firm wants to bring luxury bathrooms to Manhattan’s Grand Central Terminal. POSH Stow and Go, purveyors of private lockers, storage rooms, private powder rooms and luxury showers, wants to...
View ArticleClik here to view.
City starts process to seize East Harlem Urban Renewal Area
Rendering of the East Harlem Media, Entertainment and Culture Center The city has commenced eminent domain proceedings with the ultimate goal of building a $700 million East Harlem Media, Entertainment...
View ArticleClik here to view.
More lawsuits filed in wrangle over 587 Fifth Avenue
587 Fifth Avenue (center) The ongoing legal battle for 587 Fifth Avenue is heating up again. Investors Asher Zamir and Elyass (Elliott) Eshaghian filed a new round of lawsuits against each other to...
View ArticleClik here to view.
Court decision a win for owners of second homes in NYC
New York Court of Appeals Just because you own property in New York doesn’t mean you have to pay New York taxes, a high court has ruled. The New York State Court of Appeals declared that tax auditors...
View ArticleClik here to view.
RFR to redevelop Tribeca apartments wrecked by Sandy
From left: Aby Rosen and current building at 67 Vestry Street An 11-story building, complete with a storage and indoor recreation space, is going up in place of a Tribeca building that was ruined by...
View ArticleClik here to view.
Pharmaceutical giant puts sprawling NJ campus on market
Roche campus at 340 Kingsland Street in Nutley, New Jersey A Swiss pharmaceutical titan operating 30 minutes outside of New York City is offering its 118-acre campus for redevelopment. Jones Lang...
View Article