Starwood to loan Related $450M for Hudson Yards
In the latest sign that the construction loan market is getting back on its feet, Starwood Property Trust is nearing the final steps of issuing a $450 million construction loan to the Related Companies...
View ArticleElad hires ODA as architect at Franklin Place condo
The Elad Group, the new owner of the long-stalled 5 Franklin Place in Tribeca, has selected Eran Chen of ODA Architecture to complete the development, known as Franklin Place, Crain’s reported. The...
View ArticleKushner’s East Village play: breaking down the numbers on the 450-unit...
The East Village is a playground for New York City’s urban trendsetters, drawing them to its trendy bars and restaurants in century-old walk-ups. But the neighborhood has also been a battleground for...
View ArticleBarclays Center not the job creator promised?
Mayor Michael Bloomberg highlighted the 2,000 jobs created by the Barclays Center in his State of the City speech yesterday, but the bulk of these positions are part-time and without benefits, DNAinfo...
View ArticleGramercy Starck condo board sues Houston couple over short-term rentals
The Gramercy Starck condominium board is suing a Houston couple who rented out their apartment for short-term stays, claiming their guests hosted wild parties, defaced doors with obscene graffiti and...
View ArticleEx-Lehman Bros. real estate honcho appears to be 733 Park Avenue unit buyer
The mystery buyer behind a deal for a penthouse duplex at 733 Park Avenue owned by the estate of famed financier Herbert Allen may be another Wall Street executive. The buyer appears to be Michael...
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Lenox Lounge owner sued for $25M, Christine Quinn pulls ahead of rivals in...
[caption id="attachment_230010" align="aligncenter" width="575"] Lenox Lounge[/caption] Landlord seeks $25 million from Lenox Lounge owner for allegedly stripping the Harlem hotspot of, well, pretty...
View ArticleThe Real Deal’s Numbers to Know
“Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. Mayor Michael Bloomberg’s onstage compatriots during his State of the City...
View ArticleArea sells Upper Manhattan portfolio for $49M
UPDATED, Feb. 15, 11:40 p.m.: Area Property Partners has sold a portfolio of 10 Upper Manhattan multi-family properties known as the Decathlon portfolio for $49 million, or about $7.5 million less than...
View ArticleIllegal basement apartments seen as one answer to NYC housing shortage
With New York’s incredibly tight supply of affordable housing, illegal basement rentals are on the rise, especially in the outer boroughs. But some industry experts see the illegal rentals as a boon —...
View ArticleForest City Ratner, Related, Douglaston among firms interested in Seward Park...
The city’s big developers are eager to get moving on projects in the Seward Park Urban Renewal Area, Crain’s reported. Over 300 people—including representatives from top-tier developers such as Forest...
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737 Park tenant accused of running “bed and breakfast” out of apartment
[caption id="attachment_230130" align="alignleft" width="300"] 737 Park Avenue[/caption] A resident of 737 Park Avenue is facing accusations that she ran an illegal bed and breakfast out of her...
View ArticleMost major office leases were renewals in 2012
The 50 largest Manhattan office deals of 2012 were smaller and involved fewer new tenants than in the previous year, according to CoStar Group research provided to Crain’s. In 2012, the top 50...
View ArticleCity reaches out to developers to build high rises at sites of three schools
The city has reached out to developers for proposals to build high-rise towers at the site of two schools on the Upper West Side and one in Harlem, including the renowned Edward Durell Stone-designed...
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Design Within Reach CEO’s $25K/month Chelsea penthouse: PHOTOS
150 West 26th Street and John Edelman The CEO of Design Within Reach, the high-end furniture purveyor, has his Chelsea penthouse on the market -- but it's not within everyone's reach. John Edelman and...
View ArticleA broker who listens differently: Deaf Elliman agent featured in new book
From the February issue: When Jackie Roth, then an actress and public relations consultant, decided to try real estate seven years ago, she approached a manager at a large city residential brokerage....
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San Remo’s rentals as barometer of inflation, the Lower East Side’s...
[caption id="attachment_230200" align="aligncenter" width="575"] A penthouse at 135 East 79th Street is on the market for $50 million[/caption] From $900 to $29,750 per month, a story of inflation told...
View ArticleHotels begin renting out space for office workers
Hotels looking to make a profit are increasingly renting out lobbies, business centers and other “nooks” to office workers looking to hold meetings outside the workplace, the New York Times reported....
View ArticleTop stories
Top stories yesterday on The Real Deal: 1. Kushner’s East Village play: breaking down the numbers on the 450-unit acquisition 2. City moves to transform LoMa into next tech hub 3. Dental Death Doctor’s...
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