Two Trees sued over Dumbo construction damage
Two Trees Management is facing a lawsuit from a tenant at 66 Water Street, a five-story loft building in Brooklyn, alleging that the landlord has failed to repair extensive damage stemming from the...
View ArticleJamestown closes on $295M Meatpacking deal, with seller-financing from Stellar
Thanks in part to an unusual piece of seller-financing, Jamestown Properties has closed on its $295 million purchase of the Milk Studios building from Stellar Management, city records show. Records...
View ArticleNYC self-storage portfolio trades hands
Storage Post, an Atlanta-based self-storage company, has purchased a $249 million portfolio of self-storage facilities located in Queens, Brooklyn and the Bronx from Acadia Realty Trust, according to...
View ArticleBruce Ratner to leave post as Forest City chief
Bruce Ratner will be stepping down as chief executive officer of Forest City Ratner, but will continue serving in a chairman capacity, Crain’s reported. MaryAnne Gilmartin, current executive vice...
View ArticleThanks a ‘lot’: Parking garage trades for $14M
A parking garage at 304 West 49th Street near Eighth Avenue has traded hands for $14 million, demonstrating the profitability of running a garage in the nation’s most expensive parking market, the New...
View ArticleChetrit, SL Green in talks to finance $1B Sony deal
Joseph Chetrit is taking the next step to close the $1.1 billion purchase of the Sony tower at 550 Madison Avenue. The property owner is now in talks with SL Green, the city’s largest commercial...
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Calif. mansion breaks 2012 record with $117.5M sale, will Southstreet Seaport...
A rendering of the Pier 17 sign (Source; Tribeca Trib) Woodside, Calif. mansion trades for $117.5 million -- the biggest U.S. residential deal of the year, and the second priciest sale of all time....
View ArticleTrump’s new brokerage makes first non-Trump sale
A co-op unit at the Hampshire House, located at 150 Central Park South, has traded hands for $8 million, marking Trump International Realty’s first sale in a non-Trump building since the brokerage...
View Article“Renting” New York: Rapid Realty tries its hand at reality television
Rapid Realty, the massive Brooklyn-based franchise rental brokerage, is aiming to get into the reality television game, with a series about real estate for “the 99 percent” and the agents who work with...
View ArticleAtlas buys Theater District office building for $62M
Atlas Capital Group has paid $62.4 million for a 185,000-square-foot office building home to several theater and design firms, public records show, and apparently plans to reposition the property to...
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Developers, wary of cost and delay, spurn city’s landmark transfers program...
[caption id="attachment_226498" align="alignright" width="578"] From left: Tower Verre, Vicki Been and Setai Fifth Avenue[/caption] A longtime city program that gives landmarked properties the ability...
View ArticleDoormen’s attempt to join union stalled
Building workers at the luxury condominium 1 Lincoln Square are attempting to unionize. But not everyone on the building’s board is supportive of the effort — and the dispute appears to be escalating....
View ArticleCVC Capital renews, expands at 712 Fifth Avenue
The investment firm CVC Capital Partners has inked a 10-year expansion and renewal deal at the 540,000-square-foot, Paramount Group-owned 712 Fifth Avenue, Crain’s reported. CVC, which currently...
View ArticleA return for private label mortgages?
Is this year the comeback of “private label” mortgage bonds? About $25 billion worth were issued this year, paling in comparison to the $1 trillion peak in 2006, but up significantly from the $4...
View Article“Like” TRD on Facebook
“Like” The Real Deal magazine on Facebook here, and you’ll be sure to stay abreast of the latest real estate news. Our Facebook page features breaking industry stories, links to quirkier pieces and...
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Pitching the Park Imperial, inside the Second Avenue subway tunnel … and more
Inside the Second Avenue Subway (source: MTA Flickr) Upper West Sider gets evicted from her 90-square-foot apartment, and moves into a (relative) mansion. New pics of Second Avenue Subway construction....
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Empire State Bldg investors decry IPO settlement
[caption id="attachment_226560" align="aligncenter" width="520"] Anthony Malkin and the Empire State Building[/caption] A consortium of investors in the Empire State Building sought Monday to intervene...
View ArticleJudge refunds $1M deposit to Rushmore buyer
In the last major court battle of a multi-year escrow dispute at the Rushmore condominium, a State Supreme Court judge ruled in favor of a Wall Street executive who sued to rescind her $6.9 million...
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