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NJ’s Revel casino files for bankruptcy, Sutton and Sitt deny “leapfrogging”...
Interior rendering of 56 Leonard Jeff Sutton and Joe Sitt fire back at allegations that they cut retail brokers out of deals. The Revel casino, once heralded as Atlantic City’s saving grace, files for...
View ArticleQuinn beats mayoral rivals in real estate donations
How much does the city real estate industry like City Council Speaker Christine Quinn? Industry executives have donated more than $800,000 into what remains her unofficial campaign for mayor, Crain’s...
View ArticleNYC renters at less risk of default: CoreLogic
New York City renters were less at risk of default nationwide in the fourth quarter of 2012 than in the same quarter of 2011, according to CoreLogic’s Renter Applicant Risk Index, released today. The...
View ArticleTop stories
Top stories yesterday on The Real Deal: 1. Kushner extends E.Village buy frenzy in $29M deal 2. Private equity firm Meadow Partners sues Pinnacle over $43M portfolio 3. Extell beefs up Third Avenue...
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JFK’s Pan Am terminal may be torn down, Toll Brothers to hire nonunion...
[caption id="attachment_230677" align="aligncenter" width="575"] Pan Am Worldport at JFK[/caption] JFK’s Pan Am terminal may be torn down. Toll Brothers to hire nonunion workers at Brooklyn Bridge Park...
View ArticleNYC wins ruling in short-term rental operator case
A New York state judge ruled in the city’s favor Friday on a lawsuit that it had brought against Smart Apartments, barring the large scale-operator of short-term rentals from operating or advertising...
View ArticleDelShah Capital jumps into smaller homes
The real estate investment firm DelShah Capital, whose specialty is acquiring assets tied up in court, paid $3.4 million at auction for a package of 21 three-family homes located in Brooklyn’s East New...
View ArticleBoerum Hill townhouses top $4 million
Townhouses in Brooklyn’s Boerum Hill neighborhood are commanding hefty prices — some listed at more than $4 million, the New York Post reported. Examples include 301A, now under contract, and 309 State...
View ArticleWith chance to cash out company shares, Cushman & Wakefield faces new test...
Cushman & Wakefield faces a key confidence vote next month when senior employees have the chance to cash out shares valued at tens of millions of dollars, Crain’s reported. The senior employees...
View ArticleThe taxman cometh
From the February issue: Anyone who’s picked up a newspaper or logged onto the Internet in the last month knows that lawmakers cut a last-minute deal to avoid the so-called fiscal cliff, narrowly...
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New sections of the $165M East River Waterfront Esplanade to open by summer
[caption id="attachment_230697" align="aligncenter" width="575"] A rendering of the East River Waterfront Esplanade by ShoP Architects[/caption] Four new sections of the $165 million East River...
View ArticleCorcoran broker, Saget’s daughter display art in $13.9M Aldyn unit
Art installations, tony real estate, the Chinese New Year and Full House star Bob Saget — believe it or not — have something common: the Upper West Side’s Aldyn condominium tower at 60 Riverside...
View ArticleDeveloper’s Fifth Avenue building proposal irks famous neighbors
On an historic, stately stretch of Fifth Avenue, a proposal by a Brazilian developer for a luxury high-rise is threatening to disrupt the peace. Residents of two Central Park-facing buildings, at 812...
View ArticleUrbanSpace lands new Union Square home
UrbanSpace has finally found a new home, in Union Square, after finding itself out in the cold when Brooklyn’s DeKalb Market closed last fall, the New York Observer reported. The U.S. affiliate of...
View ArticleNew 10-story building to rise from Orchard St rubble
A 10-story mixed-use building is being planned for 119 Orchard Street, according to Department of Building permit filings spotted by Curbed. A 40-unit boutique hotel had once been on tap for the Lower...
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. Luxury sales continue to soar, low-income New Yorkers receive a gift from the...
View ArticleModern Spaces to market Five27 condo in LIC
Modern Spaces has been tapped to exclusively market the Five27 condominium in Long Island City, The Real Deal has learned. Sales at the four-story property, at 5-27 51st Avenue between Vernon Boulevard...
View ArticleGrand Central owner teams up with ESB investors in blocking settlement...
Andrew Penson, the owner of Grand Central Terminal, has teamed up with the group of Empire State Building investors seeking to block the settlement of a class-action suit against Malkin Holdings for...
View ArticleDorm project upsets East Village residents
East Villagers are renewing their fight to have a vacant school in the neighborhood converted into low-income apartments or a community center — not a college dorm, the Local reported. Last week,...
View ArticleHarlem Victoria Theater redevelopment to break ground late this year
Harlem’s Victoria Theater is finally getting a makeover, Real Estate Weekly reported. The building on 125th Street, designated a city landmark in 1993, will be transformed into a mix of hotel rooms,...
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