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NYC’s real estate stars give thanks, mapping Manhattan’s ‘starchitecture’ …...
[caption id="attachment_215256" align="aligncenter" width="575"] The WTC Transportation HUB designed by starchitect Santiago Calatrava[/caption] Anthony Malkin, Faith Hope Consolo, Adam Mermelstein...
View ArticleHappy Thanksgiving!
In honor of Thanksgiving, we’re taking off Thursday and Friday to celebrate (but we’ll keep our eyes peeled for breaking news). The Real Deal wishes you and your family a safe and happy holiday. Be...
View ArticleDurst Organization hires Winick Realty to lease Midtown East retail spaces
The Durst Organization is handing off leasing for some retail properties on the East Side of Manhattan to Winick Realty Group, which could augur a new relationship between the firms, The Real Deal has...
View ArticleGilded Age mansion hits market for $48M
A Gilded Age mansion at 57 East 64th Street has hit the market asking $48 million. The 14,000-square-foot Beaux Arts residence, which has served as the Kips Bay Decorator Show House, came on the market...
View ArticleHines still seeking financing for Torre Verre
Despite rumors that the long-delayed Jean Nouvel-designed 1,050-foot MoMA Tower was nearing construction, the developer has confirmed that the project is still in its financing phase, the New York...
View ArticleSL Green to buy back $100M in notes
Real estate investment trust SL Green will buy back about $100 million in notes as part of a larger refinancing effort, Globe St. reported. The notes, issued by its subsidiary Reckson Operating...
View ArticleLower Manhattan rentals fall 70 percent post-Sandy
It’s no secret that Hurricane Sandy badly damaged some of Lower Manhattan’s rental properties, but the impact to the rental market in the area was also severe—perhaps even more than previously...
View ArticleCity to provide property tax relief for Sandy victims: Bloomberg, Quinn
The city will extend property tax deadlines interest free — and may even provide a refund on property taxes already assessed – for structures badly damaged by Hurricane Sandy, a statement today from...
View ArticleAshkenazy buys Harlem retail properties for $19M
Investor Ben Ashkenazy of Ashkenazy Associates has paid $19 million for a pair of retail properties in Harlem, Crain’s reported. The deal includes a vacant theater on West 146st Street—the former RKO...
View ArticleIndictment close for Rabbi Pinto, on money laundering and attempted bribery:...
Rabbi Yoshiyahu Yosef Pinto, advisor to a number of high-profile real estate investors, was arrested in Israel in October, as The Real Deal and others have reported. Now, according to Israeli news...
View ArticleWhere tech’s power players call home
From the November isuue: As New York’s rapidly expanding tech sector gobbles up increasing large swaths of prime office space, much of the focus on tech real estate has been on what kind of office...
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Moby sells renovated condo for $5.8M, new season of “Selling New York” debuts...
Nathan's Famous Iconic Coney Island hot dog purveyor Nathan’s Famous, damaged by Sandy, won’t reopen until the spring. And Rockaways won’t get subway service restored until mid-2013. Moby sells 7 Bond...
View ArticleHousing and tax reform—it’s complicated
What would happen to home values in the event that popular real estate deductions for mortgage interest and local property taxes were cut significantly? It’s an issue you’re likely to hear more about...
View ArticleTenants displaced by Barclays Center still divided as they prepare to move home
The 17 tenants who accepted a relocation deal to leave their homes on the site of what is now the Barclays Center may soon be moving back home. But seven years later, some of those displaced residents...
View ArticleLet’s make a meal
For New York’s savviest residential brokers, wining and dining with clients is not just an enviable perk of the job—but an essential part of expanding one’s business, increasing the likelihood of...
View ArticleHUD’s Donovan says rebuilding for displaced Sandy victims is top priority
Shaun Donovan, the U.S. Department of Housing and Urban Development Secretary, said it is crucial for Congress to approve aid for Sandy victims in order for storm-affected residents to begin planning...
View ArticleAre rapidly rising home prices healthy for the housing market recovery?
Though home prices have been on a steady rise these last months, rapid price increases could hurt recovery in the housing market, CNBC reported. The concern lies with investors who are flocking to...
View ArticlePlans for Cornell NYC Tech’s office, retail space taking shape
The Cornell NYC applied sciences campus will boast 300,00 square feet of commercial space—including offices, a hotel and a conference center—and executives involved with the project said last night...
View ArticleStuy Town settlement could bring rent hikes for some tenants
Yesterday’s Stuyvesant Town deal could come with a bit of a surprise. The agreement, which brought an end to litigation over rent decontrol at the Stuyvesant Town-Peter Cooper Village apartment...
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