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Top stories yesterday on The Real Deal: 1. Thor Equities to sell mammoth development site in Downtown Brooklyn 2. Related gears up for residential project near Hudson Yards, how market instability is...
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Tiffany leases 57K feet at 200 Fifth, New Yorkers could be living in shipping...
200 Fifth Avenue Tiffany and Co. leases an additional 57,000 square feet at 200 Fifth Ave, bringing its total square footage to more than 400,000. Why do luxury homes linger on the market for years?...
View ArticleSellers pull Zone A apartments from market
Apartment sales listings in so-called “Zone A” — the parts of New York City that faced mandatory evacuation — have plummeted since Hurricane Sandy, New York magazine reported. In the two weeks...
View ArticleGovernment cracks down on mortgage advertising
The U.S. Consumer Financial Protection Bureau and Federal Trade Commission are cracking down on misleading mortgage ads, such as those that impersonate the federal government, or those in which large...
View ArticleArchstone seeks to raise $3.45B via IPO
Archstone, the massive apartment landlord now owned by failed bank Lehman Brothers’ estate, is seeking tor aise $3.45 billion through its initial public offering, Bloomberg News reported. Archstone,...
View ArticleYonkers politician sentenced to six years in Yonkers real estate bribery case
A former Yonkers councilwoman was sentenced to six years in prison for accepting bribes in exchange for her vote on real estate deals, the New York Post reported. Sandy Annabi, who voted with...
View ArticleOne-fifth of Lower Manhattan office properties remains closed
More than one-fifth of office space below Canal Street remains closed in the wake of Hurricane Sandy, according to a tally released today by Jones Lang LaSalle research. Out of 183 Class A and Class B...
View ArticleMadonna lists UWS spread for $23.5M
Madonna is listing her 6,000-square-foot Upper West Side duplex at 41 Central Park West, between 64th and 65th streets, for $23.5 million, the Real Estalker reported. The pop star listed the...
View ArticleHudson Yards poised to become the next frontier in hotel development
From the November issue: Much attention has been paid to the new office towers planned for the Hudson Yards redevelopment on Manhattan’s Far West Side. But the area, which is still largely industrial,...
View ArticleMichael Lorber scouts Philly investment properties
Michael Lorber appears to be house hunting in Philadelphia. The Douglas Elliman broker and former star of Bravo TV’s “Million Dollar Listing New York” was recently scoping out properties on the Main...
View ArticleDespite study, brokers remain confident in value of Fifth Avenue retail
Causeway Bay be damned! The glitzy Hong Kong shopping destination may have unseated Fifth Avenue as the world’s most expensive retail street, but New York City brokers are still bullish on Fifth, the...
View ArticlePriciest, cheapest units to hit the market
Madonna’s apartment is on the market for $23.5 million — making it the most expensive listing to hit the Manhattan market so far this week. Adam Modlin of the Modlin Group and Arabella Greene Buckworth...
View ArticleMusic venues pushed aside
From the November issue: Like checkered cabs and subway graffiti, New York’s iconic live music venues are disappearing at an increasingly rapid pace. Many of these addresses, once suffused with reverb,...
View ArticleRelated exec Himmel sells Time Warner Center apartment for $13.8 million
Kenneth Himmel, the head of Related Urban, the mixed-use development division of Related Companies, has sold his Time Warner Center apartment for $13.8 million, the New York Observer reported. Himmel...
View ArticleSale of $3.8 million penthouse is Lower East Side’s priciest deal since 2008...
The sale of a penthouse condominium at 115 Norfolk Street marks the most expensive residential sale recorded in the Lower East Side since the housing bust in late 2008, listing broker Ariel Tirosh, a...
View ArticleCourt rules massive Kips Bay co-op complex must remain affordable
New York State’s highest court has ruled that East Midtown Plaza will remain affordable, ending years of feuding between residents over whether the six-building co-op complex should get privatized,...
View ArticleHotel developer John Lam acquires final piece in Fashion District project puzzle
Developer John Lam has closed on 1227 Broadway for $16 million, Crain’s reported, acquiring the final bit of real estate needed before he embarks on a $300 million hotel project planned for the Fashion...
View ArticleThe Closing: Landlord Maurice Mann opens up about the Apthorp
From the November issue: Maurice Mann founded Mann Realty Associates, a property management and residential development company, in 1980. The company employs about 20 individuals and owns and operates...
View ArticleU.S. mortgage rates down 2.2 percent last week
The number of mortgage applications decreased 2.2 percent during the week ending November 16 on a seasonally adjusted basis and 13 percent on an unadjusted basis, the Mortgage Bankers Association...
View ArticleVornado refis Union Square retail property
Vornado Realty Trust has undertaken a $120 million refinancing of a Union Square retail property, GlobeSt reported. The real estate investment trust obtained a seven-year loan on 4 Union Square South,...
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