Sandy proves to be windfall for Times Square hotels
Hotels in Times Square had nearly 90 percent occupancy after Hurricane Sandy made landfall, DNAinfo reported, citing Times Square Alliance data. In addition, average room rates increased to amounts...
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In final State of the City address, Bloomberg vows to push ahead with...
[caption id="attachment_229776" align="aligncenter" width="578"] Mayor Michael Bloomberg delivering the 2013 State of the City address at Barclay's Center (Image courtesy of Frank Franklin II/Beaumont...
View ArticleBlackstone could transfer bulk of real estate holdings into REITs
A good portion of private equity giant Blackstone Group’s real estate holdings across the U.S. – including hotels, homes and offices — may either be acquired by or turned into real estate investment...
View ArticleRenter fatigue?
From the February issue: There’s been a lot of buzz in the industry lately about the long-hot Manhattan rental market finally taking a breather from its constant rent increases. Indeed, while the...
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Vito Lopez’s “piggish” past revealed in ethics report, a Valentine’s tour of...
161 Prince Street (credit: Curbed) If your first love is real estate, what better Valentine than a pink home? Five Guys grew like crazy in recent years, but the Flatbush Avenue location may be closing....
View ArticleRelated gets $390M in construction funding
The Related Companies has nabbed two construction loans totaling $390 million, Crain’s reported. One loan will be used to fund the expansion of the Gateway Center mall in East New York, Brooklyn and...
View ArticleNYCHA can evict tenants who lie about income
New York State’s highest court ruled today that the embattled New York City Housing Authority can evict tenants for lying about their incomes, the Associated Press reported. The Court of Appeals...
View ArticleTop stories
Top stories yesterday on The Real Deal: 1. HornRock Properties looks to spend $125M on Northeast development sites 2. Eric Hadar, partners buy Brill Building for $185M 3. Credit Suisse considers new...
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Some city affordable housing may be unaffordable, Dubai aims to top Staten...
[caption id="attachment_229837" align="aligncenter" width="578"] A rendering of the ferris wheel in Staten Island[/caption] Some city affordable housing may be too pricey. Move over, Staten Island:...
View ArticleSen. Charles Schumer asks HUD for federal aid for Sandy-hit co-ops, condos
Sen. Charles Schumer appealed to the U.S. Department of Housing and Urban Development Wednesday to ensure that Sandy-damaged co-ops and condos receive a piece of the $60 billion federal storm relief...
View ArticleStretch of Hudson Heights offers old-world elegance, despite influx of Upper...
A three-block stretch of West 181st Street in Hudson Heights offers a hybrid of big city living and a casual European neighborhood vibe, the Wall Street Journal reported. The area is peppered with...
View ArticleNeighbors could hurt home appraisal values
A neighborhood nuisance such as an overgrown yard or a curmudgeonly resident next door could bring down home values up to 10 percent, the New York Times reported. Home appraisers refer to factors...
View ArticleA brand reboot: breaking down the rebrandings of residential firms
From the February issue: In the last half of 2012, a plethora of New York City residential real estate firms revamped their images: Citi Habitats changed its logo, Douglas Elliman dropped the...
View ArticlePublic Advocate says Christine Quinn’s affordable housing plan mainly...
New York City Public Advocate and mayoral hopeful Bill de Blasio slammed City Council Speaker Christine Quinn’s affordable housing platform, saying it pandered to the interests of the real estate...
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New 200-room hotel coming to BAM area
[caption id="attachment_229887" align="alignright" width="210"] A rendering of 95 Rockwell Place[/caption] Developer Second Development Services is gearing up to bring a 200-room hotel tower to the...
View Article150 Charles units hit the market starting at $4.2M
The West Village’s much anticipated and controversial luxury condominium project 150 Charles Street has hit the market, Curbed reported. The Witkoff Group revealed pricing and floor plans for eight of...
View ArticleMadison Square Garden fails to win CB5 approval for new permit
Madison Square Garden’s special permit to operate as an arena with more than 2,500 seats expired in January. But last night, Community Board 5 recommended that any permit renewal be denied unless the...
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Priciest, cheapest units to hit the market
From left: 435 East 52nd Street and 203 East 89th Street A duplex co-op inside the River House is the priciest listing to hit the Manhattan market this week, according to Streeteasy.com. Caroline...
View ArticleRevising the bill for the mortgage-interest deduction
In the contentious debate over whether to reduce or eliminate the home mortgage-interest tax deduction — or leave it alone — one fact has been virtually unchallenged: The popular write-off used by...
View ArticleTrump Plaza in Atlantic City sells for $20M
The 39-story, 906-room Trump Plaza casino and resort in Atlantic City has sold to a California-based holding company the Meruelo Group for $20 million, the Associated Press reported. This purchase...
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