Colony founder touts real estate investment: VIDEO
When it comes to diversifying a portfolio, it can be hard to find new, underutilized asset classes, as any investor will tell you. But perhaps you aren’t thinking far enough outside the box. Tom...
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A day in the life of Stephen Siegel
Stephen Siegel From the March issue: 5:45 a.m. I set the alarm for 6, but I wake up naturally right before it goes off. I don’t eat breakfast most days, just coffee, but when I have breakfast meetings...
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An injured A-Rod hunts in elevator buildings, Quinn dominates Dems’...
A former armory in Amsterdam, N.Y. listed for sale 1. The model apartment at 422 West 20th Street, which doubled as a sales office, is in contract [Curbed] 2. A-Rod’s surgery recovery means he needs an...
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Brokerages cater to buyers in search of “fixer-upper”
Doug Perlson, CEO of RealDirect, and an extreme “fixer upper” A particularly intrepid group of homebuyers actively scours the market for dilapidated properties known as “fixer-uppers,” and brokerages...
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Top residential agents of the week
From left: Abigall Agranat, Ryan Serhant, Nick Jabbour, Susan Weiner and Heather Cook Sources: Streeteasy.com and The Real Deal. Footnotes: Data is for closed deals filed with the city this week...
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Construction worker injured at 432 Park Avenue
From left: the injured construction worker, 432 Park Avenue last week (second image courtesy NY YIMBY) Falling debris injured a construction worker today at 432 Park Avenue, the site of the skyscraper...
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Top stories over the weekend on The Real Deal: 1. Chetrit’s Sony deal aided by $925M from SL Green 2. 150 Charles penthouse, asking $34M, in contract 3. Selling an eccentric Manhattan apartment: PHOTOS
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SL Green tops list of city’s largest landlords, Modernist architect Walter...
Children’s Aid Society school at 219 Sullivan Street 1. SL Green tops list of city’s largest landlords [Crain’s] 2. Developer James McGown uses bankruptcy as survival strategy [Crain’s] 3. Modernist...
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Nonprofits look to cash in on real estate holdings
9 East 38th Street, sold by Yeshiva University to ClearRock An increasing number of nonprofits are taking advantage of the real estate market’s resurgence by cashing in on their property portfolio,...
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Emperors-in-waiting: Richard LeFrak grooming sons to take over empire
From left: Harrison LeFrak, Richard LeFrak and James LeFrak (Image c/o the Star-Ledger) Real estate titan Richard LeFrak is focused on grooming his two sons to be future leaders of the sprawling family...
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$90M Woolworth Mansion off the market
Woolworth Mansion on East 80th Street The Woolworth Mansion, most recently listed at $90 million, is now off the market, which might mean that it has finally found a buyer, Curbed reported. Located on...
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Upper West Side’s stability lures investors
The Tudor-style properties on the Upper West Side’s Pomander Walk. Investors are betting on the Upper West Side, despite its low capitalization rates and lack of cachet as a trendy neighborhood, the...
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Co-op and condo board members increasingly wary of personal legal liability
The Dakota From the March issue: Convincing busy Manhattanites to serve on their co-op or condominium boards has always been somewhat of a hard sell. Indeed, acting as a board member has long been a...
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Builders, insurers wage war on NYC’s scaffold law
Scaffolding Builders and insurers alike are calling for an end to a 19th century New York State statute that keeps construction insurance premiums at roughly double the cost of those in nearby states,...
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Japan’s Toyo Ito wins Pritzker Prize
From left: Ito’s Tod building in Tokyo, Ito Toyo and the Suites Avenue Aparthotel in Barcelona Architecture’s prestigious Pritzker Prize has been awarded to Japanese architect Toyo Ito, the prize...
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Alchemy reveals its 35 XV designs
Construction at 35 West 15th Street and a new rendering of 35 XV Alchemy Properties has unveiled the first renderings of 35 XV, its new FX FOWLE-designed condominium development at 35 West 15th Street,...
View ArticleBuilders’ confidence falls amid lack of land
Confidence among U.S. builders is down for the second consecutive month, as a shortage of construction sites plagues the industry, the Wall Street Journal reported, citing figures from the National...
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U.S. Supreme Court won’t hear Goldman Sachs mortgage case appeal
From left: Goldman Sachs CEO Lloyd Blankfein and the U.S. Supreme Court in Washington, D.C. The U.S. Supreme Court has refused to consider an appeal from Goldman Sachs in a class action lawsuit over...
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Fulton St. building sustains two fires in two days
140 Fulton Street at center (Source: Google) A five-story commercial property located Downtown erupted in flames twice in the past two days, the New York Daily News reported. A three-alarm fire tore...
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Lower Manhattan, LIC community boards wade into Midtown East rezoning fracas
Midtown East Community boards in the Financial District and Long Island City could be the latest additions to the fight over rezoning Midtown East, DNAinfo reported. Lower Manhattan’s Community Board 1...
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