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LeFrak, Ross and Stern among wealthiest U.S. developers
From left: Richard LeFrak, Stephen Ross, Donald Trump and Leonard Stern Top dogs in New York City real estate made a strong showing in a recent roundup of the world’s wealthiest billionaires. Topping a...
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More ferries for tourists of Staten Island megaprojects, hot dog spot in East...
New York Wheel on Staten Island 1. East Village hot dog purveyor on St. Marks Place lists property on Craigslist [EVGrieve] 2. More ferries coming for tourists for Staten Island megaprojects [Crain's]...
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Zumper picks up $6.5 million in Series A funding round
From left: Taylor Glass-Moore, Zumper logo, Anthemos Georgiades Home search platform Zumper has raised $6.5 million in a Series A round of funding, the real estate startup announced Monday. Zumper...
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Follow TRD on Twitter
Follow TRD on Twitter The Real Deal‘s Twitter feed is the go-to source for real estate insiders on the move. Follow @trdny for a constantly updated look at the latest in real estate news, play-by-play...
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Abington House launches rentals in West Chelsea
Rendering of the Abington House The Related Companies and Abington Properties kicked of leasing at the Abington House on the High Line Monday. A total of 312 rental units are on offer in the 33-story...
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Mack-Cali Realty execs to resign
Jonathan Litt The chief financial officer and the general counsel of New Jersey’s largest office landlord, Mack-Cali Realty, are to resign at the end of the month in a reorganization of the development...
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Housing construction permits soar in 2013
Although the number of housing construction permits granted jumped 71 percent last year, the total number of units planned still hasn’t reached pre-downturn levels. During the building boom between...
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Top stories yesterday on The Real Deal: 1. Chetrit ponies up $32M for Penn Plaza site 2. Most overpriced city in the US? It’s a tie 3. The most expensive tenant relocation in NYC history
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Rudin weighs wide array of changes at 55 Broad Street
55 Broad Street and Bill Rudin Bill Rudin, CEO of Rudin Management, hired architecture firm FXFOWLE to gauge the viability of full-on redeveloping of 55 Broad Street in Lower Manhattan. Tentative plans...
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Tax plan would kill off main draw of REIT conversions
Dave Camp A new policy could make it more difficult for companies converting to real estate investment trusts to receive tax breaks. Dave Camp, chair of the House Ways and Means Committee, introduced...
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Radio Shack ax could take down some stores in NYC
Inside a Radio Shack concept store at 2268 Broadway Radio Shack is planning to shutter more than 1,000 of its U.S. stores that aren’t meeting expectations, a move that might include outlets in New York...
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More lenders in more places? It’s not all good, says economist
Sam Chandan “More lenders in more places” may be good news to some borrowers, but not all, according to an influential commercial real estate analyst. Sam Chandan, the president of Chandan Economics...
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Elmhurst diner lists parking lot for $24M
86-55 Queens Boulevard A 47,000-square-foot portion of an Elmhurst parking lot, once part of the plan for a multiplex and mall development, is back on the market for $24 million. The lot on the corner...
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Building owner cleaned out wrong apartment: suit
409 East 74th Street An Upper East Side tenant sued his landlord and business management, claiming they erroneously cleared out his apartment and tossed his belongings in the city dump. Plaintiff Nilay...
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Steinway Mansion inches toward private purchase
18-33 41st Street Astoria’s Steinway Mansion has found a private buyer. Once the main home of the piano-manufacturer’s family — and located on the company’s factory grounds at 18-33 41st Street — the...
View ArticleUnusual pricing upends market
From the March issue: The way office-leasing tenants value the two most basic variables for space in Manhattan, location and the vintage of the building, is undergoing a sea change, creating...
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Morris Moinian’s Fortuna pays $18M for Midtown buildings
From left: Morris Moinian, 24-28 West 39th Street and Robert Shapiro Developer Fortuna Realty Group bought two Midtown West buildings totaling 30,000 square feet for $18.3 million in an off-market...
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Ex-NYC brokers spill their secrets, peeking at your neighbor’s property tax...
153 East Third Street 1. Former NYC agents spill the secrets of broker life [BrickUnderground] 2. Cobb Realty buys distressed Far Rockaway apartment complex for $8.5M [NYO] 3. New York City isn’t so...
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BGC chairman sues Long Island town over barn dustup
From left: Howard Lutnick and a barn Howard Lutnick, chairman and CEO of BGC Partners, is suing Southampton’s town planning board after twice being denied permission to construct a barn on his land....
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Sound studio gears up to renew Midtown South lease
From left: 149 Fifth Avenue and inside Sound Lounge studio A sound production studio in Midtown South has renewed its soon-to-expire lease, even though the tenant’s rent will nearly triple thanks to...
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