A new bubble in the U.S. housing market?
Are we in the midst of a new nationwide housing bubble? Home prices are up, as revealed earlier today by data from CoreLogic, and CNBC reported this could be cause for concern. Though the numbers...
View ArticleWillets Point casino back on the table?
UPDATED, Feb. 5, 5:47p.m.: Will a casino come to Willets Point afterall? The owners of the Mets had placed their bets on developing a casino at the Queens site in order to win back some of the $162...
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DashLocker aims to make laundry service the newest must-have amenity
[caption id="attachment_228154" align="aligncenter" width="578"] Robert Henessy and a typical DashLocker setup[/caption] Only in New York City, it seems, is the process of picking up a load of clean...
View ArticleChelsea post office up for sale
The nearly 41,600-square-foot Colonial Revival U.S. Post Office location at 217 West 18th Street between Seventh and Eighth avenues is now up for sale, DNAinfo reported. The marketing process began...
View ArticleImperial plans Tribeca condo conversion
Imperial Development is proposing to convert Tribeca’s 372 Broadway, which PropertyShark shows is primarily used for storage, into an eight-story condominium property with a glass-walled penthouse set...
View ArticleKushner to pay $49M for Shaoul portfolio
The Kushner Companies extended a Manhattan apartment acquisition binge last month by signing a contract to buy seven walk-up rental buildings in the East Village for $49 million from developer Ben...
View ArticleNational market report
From the February issue: In this month’s round-up of real estate new from across the U.S., The Real Deal takes a look at the Trump Group’s under-construction Miami development, Mansions at Acqualina,...
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City reveals plans for Hudson Yards Culture Shed, Michael Bolla may open a...
[caption id="attachment_228206" align="aligncenter" width="578"] A rendering of the Culture Shed at Hudson Yards[/caption] New details on the Culture Shed at Hudson Yards call for a kunsthalle with a...
View ArticleKids complex to take Northside Piers retail space
Attention Williamburg parents. New York Kids Club, a privately-held day camp, preschool and party site, is on the cusp of purchasing a retail condominium at the Toll Bros.’ Northside Piers residential...
View ArticleRegus signs World Financial Center lease
Office owner giant Regus has signed a 40,000-square-foot lease encompassing the entire 24th floor of Brookfield Properties’ 3 World Financial Center, Crain’s reported. Regus will pay rents in the...
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The Real Deal’s Data Book is now live!
The Real Deal's 2013 Data Book is now live on our website. A key source for New York City real estate facts and figures, the Data Book covers both the residential and commercial sides of the real...
View ArticleTop stories
Top stories yesterday on The Real Deal: 1. Kushner to pay $49M for Shaoul portfolio 2. DashLocker aims to make laundry service the newest must-have amenity 3. NYC remains bargain among top world cities...
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Blackstone to pay $737M for majority stake in 40 shopping centers, recliner...
[caption id="attachment_228542" align="aligncenter" width="570"] The Brooklyn Public Library[/caption] Blackstone to pay $737M for majority stake in 40 shopping centers, including in NY. Recliner czar...
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Stuy Towners flummoxed by rent increase clause
[caption id="attachment_209141" align="aligncenter" width="575"] Stuyvesant Town[/caption] Thousands of residents in Stuyvesant Town and Peter Cooper Village are flummoxed by a lease clause that allows...
View ArticleHarlem RBI breaks ground on 143K SF school and affordable development in East...
Harlem RBI, which is backed by New York Yankees first baseman Mark Texiera, and the Jonathan Rose Cos. broke ground Thursday on the 143,000-square-foot East Harlem Center for Living and Learning, which...
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Willets Point casino bad for business and kids, says community group
[caption id="attachment_228125" align="alignright" width="300"] A rendering of the Willets Point development[/caption] A new community group in Willets Point, Queens is protesting plans to build a...
View ArticleChanges for Citi Habitats, as rental firm resets
From the February issue: Tongues wagged in the industry last month when Gordon Golub, a top executive and 18-year veteran at residential real estate brokerage Citi Habitats, left the firm for the tech...
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Jeter, A-Rod eye $9M Harlem condo
[caption id="attachment_228564" align="aligncenter" width="578"] From left: Alex Rodriguez, the apartment at 111 Central Park North and Derek Jeter[/caption] New York Yankees superstars Derek Jeter and...
View ArticleNYS pension fund to make $160M in RE investments
The New York State Teachers Retirement System is set to make new investments in real estate worth $157.5 million, Investments & Pensions Europe reported. The investment includes a $50 million...
View ArticleBank of East Asia CEO sells TWC duplex for $19M
Bank of East Asia CEO and chairman David Li, a former Hong Kong politician, has sold his Time Warner Center duplex for $18.8 million, the New York Observer reported, citing city records. Li purchased...
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