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Housing starts post sharp month-over-month loss in April
Housing starts in April dropped 16.5 percent month-over-month to 853,000, according to seasonally adjusted numbers released today by the U.S. Census Bureau and the U.S. Department of Housing and Urban...
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Nine buildings on Park Slope block slated for demo
472 Fourth Avenue, which is set for demolition (Credit: Google Maps) A nine-building demolition is slated for the corner of 11th Street and Fourth Avenue in Brooklyn, Brownstoner reported. Fourth...
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CitySpire triplex resurfaces as NYC’s priciest owner sale ever
CitySpire tower, the $100M penthouse and Steven Klar UPDATED, 6:58 p.m., May 16: The triplex penthouse at the CitySpire Center in Midtown, listed last year for $100 million, hit the market again today...
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Malkin has almost 100% of votes for Empire State Building IPO, Kevin Bacon...
101 Warren Street in Tribeca 1. Malkin Holdings has secured 79.6 percent of investor approval for Empire State Building IPO — he needs 80 percent [Bloomberg News via Crain’s] 2. Kevin Bacon checks out...
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Six blocks in Tribeca are set to get almost 500 new apartments
From left: 346 Broadway, 391 Broadway and 371 Broadway (all photos: PropertyShark) The stretch of Broadway between Worth and Canal streets in Tribeca is slated to see the construction of 487 new...
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Brooklyn waterfront’s commercial landlords forgo rent to keep Sandy-ravaged...
From left: Gregory O’Connell, chief financial officer at the O’Connell Organization, Two Trees’ Caroline Pardo and Brooklyn Rock Seven months after Hurricane Sandy, many tenants along Brooklyn’s...
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Eklund, Serhant to appear on Bravo’s “Property Envy”
From left: A Facebook snapshot of Fredrik Eklund and Jeff Lewis, Ryan Serhant “Property Envy,” the latest real estate-related series on Bravo TV, will feature two familiar faces when it debuts this...
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City to auction $48K of pol’s Harlem real estate debt
Council member Dickens and the two Harlem buildings in debt The city plans to auction off liens on two Harlem apartment buildings partly owned by City Council member Inez Dickens, the New York Daily...
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Rent or buy? It takes 6 years to recoup cost of purchasing a home in NYC
Carnegie Hill The old calculus of buying versus renting hinges on a host of personal factors, not least of which is the investment cost. In New York City, an average home buyer needs to spend 6.1 years...
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New ACRIS will include co-op unit searches, more data
David Frankel, Department of Finance Commissioner ACRIS is getting a makeover. The New York City Department of Finance is updating the Automated City Register Information System, which tracks public...
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PR firm takes new digs at Minskoff’s 1166 Ave. of the Americas
Ronn Torossian and 1166 Avenue of the Americas Communications firm 5W Public Relations has taken a 38,166-square-foot space at Minskoff Equities’ 1166 Avenue of the Americas, the company’s CEO, Ronn...
View ArticleCredit reporting snafu burdens borrowers with past short sales
Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they...
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Check out TRD’s coverage of ICSC, starting Sunday
TRD will be covering all the highlights of this year’s ICSC REcon event in Las Vegas The International Council of Shopping Centers’ RECon event kicks off on Sunday, and The Real Deal will be on hand to...
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Connecticut house seeking $190M could be priciest in U.S., LES co-op’s...
Copper Beech Farm in Greenwich, Conn. (Credit: David Ogilvy & Associates) 1. Greenwich, Conn., house asking $190 million could be priciest in U.S. [WSJ] 2. Tenant advocate blasts Anthony Weiner in...
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Lhota is No. 1 for real estate campaign cash in last two months
From left: Barry Gosin, Joe Lhota and Anthony Weiner Joseph Lhota may be a relative newcomer to the New York City mayoral race, but in the last two months he has captured the lion’s share of real...
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Top residential agents of the week
From left: Fredrik Eklund, John Gomes and the interior of 20 Greene Street 1. Fredrik Eklund and John Gomes of Douglas Elliman sold unit 6A at 20 Greene Street for $9,600,000. From left: Valerie...
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In Burden era’s twilight, talk turns to next planning chief
Amanda Burden As Amanda Burden’s decade-plus reign as planning commissioner begins to wind down, New York’s real estate watchers are already looking ahead to her potential successors, Crain’s reported....
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High Line draws families to West Chelsea
The High Line As new developments rise along the High Line in West Chelsea, families are flocking to them, the New York Times reported. A lack of family-sized apartments Downtown has sent prices for...
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Does bike share backlash ignore potential for NYC real estate?
Citi Bike station Amid all the backlash and lawsuits over New York City’s bike-sharing program that is set to debut at month’s end, some proponents say the potential for a jump in real estate values is...
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Terrorism insurance renewal looms over city commercial real estate market
From left: Larry Silverstein, 1 WTC and the Empire State Building New York City’s commercial real estate industry is edgy over the possibility of the government yanking what has come to be known as...
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