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Stalled Rockaway site seeks new life through competition
From left: An aerial image of the development site and L&M’s Ron Moelis In a surprising twist, the wrath of Hurricane Sandy has helped give rise to a new development. L&M Development Partners,...
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Following Ace’s lead, hotels take over 29th Street
The Ace Hotel From the April issue: Across New York City, hotels have been popping up like post-recession beacons of an improving economy. But the area around 29th Street in Manhattan has seen an...
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Designer’s UES townhouse sells for $27M
Luca Orlandi and the townhouse An Upper East Side townhouse owned by Italian fashion designer Luca Orlandi has traded for $27 million, according to public records filed with the city today. There...
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Sandy-ravaged 2 Gold St. has vacancies galore, Brooklyn Navy Yard will...
Aerial shot of the Brooklyn Navy Yard 1. Sandy-ravaged 2 Gold Street has vacancies galore [NYO] 2. Citigroup sees profits rise after slashing mortgage biz [WSJ] 3. Brooklyn Navy Yard will connect...
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Bed-Stuy historic district triples in size after Landmarks vote
The Bedford-Stuyvesant historic district (credit: Brooklyn Magazine) and LPC Chair Robert Tierney The city Landmarks Preservation Commission today approved an expansion of the Bedford-Stuyvesant...
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Citi Habitats’ Hamersley sisters depart for Elliman
From left: Elizabeth and Tracie Hamersley Sister duo Tracie and Elizabeth Hamersley, the perennially top-ranked Citi Habitats sales team, have decamped for Douglas Elliman, The Real Deal has learned....
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Is an ODA-designed project coming to Yorkville?
1444 Third Avenue (credit: PropertyShark) A new ODA Architecture-designed project may be coming to a site in Yorkville at 1444 Third Avenue that currently houses a 25-foot wide, four-story apartment...
View ArticleNew York, Florida still suffering from effects of foreclosure crisis, says...
Trulia’s chief economist Jed Kolko said that although the housing recovery was “for real,” the price rises in many major markets were simply a rebound from the dark days of the housing bust. Speaking...
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Matthew Modine sells Chelsea home for $2M
From left: a screenshot of Mark Friedman and Matthew Modine from the video, and images of the interior It appears that a recent star performance by actor Matthew Modine helped sell his Chelsea...
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Workers claim developers with 421-A tax breaks failed to meet wage rules
Arias Park Slope Service workers at a number of large New York City residential projects have alleged that they did not receive wages they are guaranteed under the city’s 421-A tax abatement program,...
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LinkedIn expands inside Empire State Building
Empire State Building and LinkedIn’s Jeff Weiner LinkedIn, which puts the networking in social networking, has expanded its footprint inside the Empire State Building, the New York Observer reported....
View ArticleGood-bye, mortgage contingencies: tight inventory leads buyers to risk their...
From the April issue: So long, mortgage contingency. With lack of inventory creating conditions reminiscent of the real estate boom, many buyers are waiving the clause in a purchase contract that...
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Judge denies developer’s bid to toss Azure crane collapse suit
Joseph Mattone and the Azure A New York State Supreme Court judge has denied the Mattone Group’s motion to dismiss a wrongful death suit filed by the father of a construction worker killed in the 2008...
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MaryAnne Gilmartin to focus on Queens and MetroTech as Forest City Ratner...
An interior of a carriage house for sale in Brooklyn Heights 1. George Soros’ son lists Little Italy townhouse for $12M — and stands to make $100 [Curbed] 2. MaryAnne Gilmartin, now CEO of Forest City...
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Artist Marina Abramovic buys Hudson Square home
Marina Abramovic and interior images of her new home The artist is present…at 330 Spring Street. Serbian performance artist Marina Abramovic, who once claimed that “art should be disturbing,” purchased...
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Follow #TRD10 tonight
Tonight, The Real Deal is celebrating our tenth anniversary from a top secret — but assuredly swanky — location in the Meatpacking District. Check out @trdny for an inside look at the festivities....
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Hersha gets $55 million in financing for Hyatt Union Square
Rendering of the Hyatt Union Square Hotel Hersha Hospitality Trust has completed a $55 million floating rate loan provided by Natixis Real Estate Capital for its Hyatt Union Square Hotel, Cushman &...
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Numbers to Know: Bargain-hunting in Yorkville, soaring prices in Soho/Tribeca...
Row of Soho Buildings “Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. Yorkville apartments are a steal, Soho/Tribeca ones are...
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City extends Coney Island amusement operator’s lease to compensate for Sandy...
Coney Island Thrill seekers and cotton-candy enthusiasts at Coney Island can look forward to seven extra years of revelry. Citing a need to compensate the neighborhood’s amusement operator, Zamperla...
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Brooklyn Bridge Park theater warehouse revealed
From left: the Tobacco Warehouse, a rendering of its redesign (source: Curbed) and architect Jonathan Marvel An overhauled Tobacco Warehouse in Brooklyn Bridge Park will include a “flexible performance...
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