UES now holds claim to America’s priciest zip
The six-level Modernist limestone townhouse to be built at 34 East 62nd Street might seem exceptional, but it’s not.The zip code where developer Janna Bullock plans a $40 million home —complete with...
View ArticleBuilder confidence is at highest level since 2006, with index posting sixth...
Builder confidence for newly built, single-family homes posted its sixth consecutive increase, a one-point month-over-month gain, according to the National Association of Home Builders and Wells Fargo....
View ArticleCast your ballot … for The Real Deal
With all eyes on the presidential candidates in the run-up to tonight’s debate and the general election, we are asking you to vote … for the Real Deal by liking us on Facebook, and sharing our Facebook...
View ArticleMicrosoft in talks to become Midtown South’s newest tech tenant
Riding a trend that is propelling the Midtown South office-leasing market, Microsoft is in talks to lease a 22,000-square-foot space at 641 Sixth Avenue, the New York Observer reported. The deal would...
View ArticleCobble Hill Block will get makeover, following Landmarks approval of...
The construction and redevelopment of nine townhouses on a single Cobble Hill block will move forward, now that the Landmarks Preservation Commission has approved plans for 110-128 Congress Street in...
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New WTC documentary investigates delays, controversies at ground zero: VIDEO
[caption id="attachment_209282" align="aligncenter" width="570"] Janno Lieber[/caption] A new documentary centered on the politics and drama surrounding the rebuilding of the World Trade Center is set...
View ArticleCitySites launches management group
From the October issue: CitySites Real Estate Group, the brokerage firm owned by Scott Hakim of the prominent New York City real estate family, has started a new property management division....
View ArticleDespite legal battle, Chetrit closes on Hudson Yards development site
The Chetrit Group has closed on its purchase of a Hudson Yards development site, despite an ongoing legal battle at the property between the site’s former owner and its lender, Fortress Credit....
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Citigroup’s Vikram Pandit steps down, luxurious hideaways in Asia … and more
South Korea's "Floating House"Citigroup chief Vikram Pandit steps down; Michael Corbat, who heads up Citi’s European and Middle Eastern division to lead the company. Guilty plea caps real estate Ponzi...
View ArticleSchool rezoning proposals cause concern over property values
A proposal in Park Slope that affects the boundaries of school districts is causing some parents serious concern, possibly affecting not only their children’s education but also property values, the...
View ArticleNYC’s $100M-plus investment sales market heats up
From the October issue: After a lackluster start to the year, the fall selling season for the priciest Manhattan buildings and development sites — those with price tags of $100 million and up — has...
View ArticleHousing, transportation costs rose almost twice as fast as income in the last...
No wonder so many New Yorkers complain about housing and transportation costs. Crain’s reported that between 2000 and 2010 in the New York area, both housing and transportation costs grew almost twice...
View ArticleMid-size multi-family transactions power the sector in third quarter
New York City multi-family transaction volume increased 26 percent year-over-year in the third quarter, according to a report by Ariel Property Advisors. There were 163 multi-family deals made in the...
View ArticleMatt Lauer’s horse farm gets underway in Water Mill
Matt Lauer’s long-planned horse farm on a preserve in Water Mill, Long Island, is finally coming to fruition. The “Today” host just closed on the 30-acre farm for $3 million, the New York Post...
View ArticleBehind Levinson’s choice for a 425 Park-itect
The New York Observer today looks into the logistics behind selecting the winning firm, Norman Foster’s firm, Foster + Partners, for 425 Park Avenue. And, apparently, choosing a winning design for the...
View ArticleInside the St. Regis, retail condo trades for $375M
A 24,800-square-foot retail condominium at the St. Regis hotel has traded for $375 million, more than triple what it last sold for in 2009, Real Estate Alert reported. Swiss luxury retailer Richemont...
View ArticleRomney plan to cut mortgage interest deduction could ‘snag’ middle class:...
While the second presidential debate did not touch specifically on housing, former Massachusetts Governor Mitt Romney did mention capping itemized tax deductions — of which the mortgage deduction is...
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New documentary depicts NYC’s two very different Park avenues: VIDEO
Video screenshotIt's not a tale of two cities, but a tale of two Park Avenues. PBS on Nov. 12 will roll out a documentary, entitled "Park Avenue: Money, Power & the American Dream," contrasting...
View ArticleLong-stalled Catsimatidis project moves forward
New renderings are out for the 15-story building planned at 81 Fleet Place in Downtown Brooklyn, indicating that the off-again-on-again project is on its feet again, according to Brownstoner. In 2007,...
View ArticleAlfa Development buys Chelsea site for $14.7M
Flatiron-based Alfa Development paid $14.65 million for a once-stalled Chelsea development site two blocks from the Meatpacking District, the seller’s broker told The Real Deal. The price is...
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