Forget sprawling penthouses; the single-family Manhattan mansion is having a...
The New York City mansion is having its moment, again. The Wall Street Journal reported that the past few years have seen rising numbers of purchasers interested in acquiring apartment buildings, where...
View ArticleBreaking down the barriers between residential, commercial brokers
In the years since the market crash in 2008, a growing number of residential brokers have switched sides, and are now handling commercial deals, the New York Times reported. Although the market has...
View ArticleLighthouse museum seeks Staten Island home
Proponents of a National Lighthouse Museum proposed for the St. George ferry terminal on Staten Island, are fundraising, with the hope of opening doors in May 2013, the Wall Street Journal reported....
View ArticlePlayboy building to trade to South American billionaire: sources
A billionaire South America playboy is in contract to purchase 5 East 59th Street, an office building once home to Hugh Hefner’s famed Playboy Club, sources familiar with the transaction told The Real...
View ArticleSpanish fims spar over railroad’s GCT extension
Two Spanish construction firms are battling it out over a major New York transit project, the New York Times reported. The two companies -— Dragados and Judlau Contracting — have now come to legal...
View ArticleSt. Mark’s Bookshop funds new lease with money raised online
St. Mark’s Bookshop, which has long boasted a cult following, has achieved something, well, novel in the world of real estate: It has raised money online to help fund its lease at a new location,...
View ArticleStacom commissioned for possible Far West Side site sale
The owners of a large development site across the street from the Jacob K. Javits Center have hired CBRE Group Vice Chairman Darcy Stacom to explore a possible sale, Crain’s reported. The L-shaped lot...
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Zuckerman says low interest rates are the market’s lone source opportunity:...
Boston Properties CEO Mort ZuckermanIf there's opportunity in the current real estate market it's all manufactured by the Federal Reserve, Boston Properties Chairman Mort Zuckerman said in an...
View ArticleShaoul adds three Ludlow Street walk-ups to growing portfolio
Controversial landlord Ben Shaoul continues to expand his empire south. The owner of an estimated 40 properties in the East Village, Shaoul’s Magnum Real Estate bought three buildings on the Lower East...
View ArticleRockrose acquires Hudson Yards development site
Rockrose Development has purchased a 19,475-square-foot commercial development site near Hudson Yards, bringing to completion a decade-long plan to acquire an entire block on the Far West Side. The...
View ArticleRenting out rooftops proves challenging
As interest in rooftop farms has increased, some landlords have discovered that leasing out a roof is more complicated than they thought it would be. With rents ranging from $1 to $4 per square foot,...
View ArticleSmall architecture firms vie for city contracts
Architecture firms are now clamoring to work on municipal projects, as part of Mayor Michael Bloomberg’s Design and Construction Excellence program, the Wall Street Journal reported. Just last week, a...
View ArticleTownhouse listings mark new direction for Blu
Amid plans to grow townhouse and new development divisions, the boutique brokerage Blu Realty Group has landed two high-priced townhouse listings — promising to use unconventional marketing strategies...
View ArticleAC’s hyped Revel casino is falling flat
Since opening to much fanfare in April, Atlantic City’s $2.4 billion Revel casino has been a bust, according to the Philadelphia Inquirer, and may be on the verge of bankruptcy. The casino had an...
View ArticleGroup aims to fill vacant storefronts with super short-term tenants
A Lower East Side group is convinced it can transform vacant retail storefronts into community gathering places rather than blights on the neighborhood. DNAinfo reported that the group MiLES, which...
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Get The Real Deal‘s signature coverage of the New York real estate industry in your inbox. Our newsletter will help you stay on top of big-ticket transactions, market conditions and neighborhood trends...
View ArticleThe trials of owning vacation homes
From the August issue: For the past month, we’ve been focusing on summer vacations. Not ours, mind you, but those of very rich people and the houses they inhabit during those vacations. We have cover...
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Housing market misread may doom Obama, Lloyd Goldman’s BLDG buys 795 Broadway...
Gramercy ParkGramercy Park to add extra veil of security: surveillance cameras. Met Museum puts flag at half mast for the late Sandy Lindenbaum. Pres. Obama's approach to the housing crisis may have...
View ArticleAt Town’s professional development classes, a new-age vibe
A moment after depositing their shoes in a pile on the floor, a half-dozen real estate brokers return to their seats. They remain standing, facing the back of the room and away from Jeff Appel, the man...
View ArticleCity Planning allows for residential development in Hudson Square
The Department of City Planning today certified a rezoning proposal for the Hudson Square neighborhood that paves the way for residential development, Crain’s reported. The plan was spearheaded by...
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