Clik here to view.
This month in real estate history
Bergdorf Goodman From the July issue: 1927: Vanderbilt Fifth Avenue mansion sells for $6.6M Eighty-six years ago this month, a developer with plans to build the future home of the luxury department...
View ArticleClik here to view.
Equinox gym beefs up Manhattan presence at Brookfield Place, Joe Sitt buys...
L.A. Reid’s Sagaponack home 1. Equinox gym takes 35,000 square feet at Brookfield Place in the Financial District [Crain’s] 2. Joe Sitt pays $343 million for trophy building in Paris [Financial Times]...
View ArticleClik here to view.
Fredrik Eklund’s nuptials to air on MDLNY tonight
Fredrik Eklund and Derek Kaplan Million Dollar Listing New York star Fredrik Eklund’s nuptials to Zimbabwe-born Derek Kaplan will air tonight on the latest episode of the Bravo TV series — and it’s...
View ArticleClik here to view.
NYC’s high-end co-ops, condos taxed well beneath market value, study finds
From left: 263 West 93rd Street on the Upper West Side and 35-41 80th Street in Jackson Heights Some of New York City’s most valuable properties in high-cost neighborhoods are consistently undervalued...
View ArticleClik here to view.
Heatwave in the Hamptons: Q2 home sales almost double since winter slump
Luxury sales prices in the Hamptons and North Fork (credit: Corcoran Group) The Hamptons, like the weather, is experiencing a heat wave. The number of home sales, as well as prices, rebounded with...
View ArticleClik here to view.
Grand Central Terminal owner revealed as bidder for Malkin headquarters at...
From left: Andrew Penson and a photo of One Grand Central Place Property owner Andrew Penson has been unmasked as the source of a $710 million bid to purchase One Grand Central Place, a Malkin...
View ArticleClik here to view.
Urban Compass nabs Jason Saft, second Citi Habitats alum to join tech startup
Gordon Golub, first to an executive post at a real estate-themed start-up, and Jason Saft Jason Saft, a Town Residential broker, has followed his former Citi Habitats colleague Gordon Golub to an...
View ArticleClik here to view.
Chelsea development site trades for $35M; zoning allows for office tower
From left: Brock Emmetsberger, 132-142 West 27th St, James Nelson A 120-foot-wide Chelsea parking lot primed for the development of a commercial office tower has traded for $35 million in a deal that...
View ArticleClik here to view.
Google chairman spends millions to soundproof Flatiron PH
Eric Schmidt, 31 West 21st Street Google chairman Eric Schmidt is spending millions of dollars to keep his supposedly womanizing ways under wraps in a Flatiron District penthouse at 31 West 21st...
View ArticleClik here to view.
Ad firm Droga5 heads to Lower Manhattan, inks 15-year deal
From left: Droga5 CEO Sarah Thompson, 120 Wall Street Advertising firm Droga5 is leaving Midtown for the less-expensive Downtown, having inked a deal to lease 92,000 square feet at 120 Wall Street for...
View ArticleClik here to view.
By the numbers: The final tally on Sandy’s fallout
Hurricane Sandy flooding From the July issue: It's been eight months since Hurricane Sandy touched down in New York City. Now the numbers about the epic storm are in. Read on to find out if your home...
View ArticleClik here to view.
Jeff Sutton’s $14M Soho deal collapses
Jeff Sutton, 119 Spring Street in Soho A former joint venture partner of developer Jeff Sutton claims in a new lawsuit that the owners of a Soho co-op building refused to sell them the retail space for...
View ArticleClik here to view.
Toll Brothers’ potentially obstructive 1110 Park Avenue gets a rendering,...
One of 10 suites at Versace’s former Miami home, at 1114 Ocean Drive 1. Park Slope mixed-use building at 76-82 St. Mark’s Avenue sold for $15 million [NYO] 2. Owners of Versace’s Miami mansion expect...
View ArticleClik here to view.
Manhattan on track to become landlord’s market: SL Green
From left: Marc Holliday and Stephen Green (Photo by Steve Friedman) Manhattan is well on its way to once again becoming a landlord’s market, with a growing number of small high-end deals, a declining...
View ArticleClik here to view.
Nolita tenant accused by her own lawyers of fudging facts in short-term...
From left: 250 Elizabeth Street, Ken Podziba Amy Parness, the Nolita tenant whose landlord accused her in court of raking in $500,000 by illegally subletting her apartment to scores of short-term...
View ArticleClik here to view.
In effort to glam up ordinary units, developers rebrand condos as “mansions”
From left: 607 Hudson Street, 11 East 68th Street and 36 Bleecker Street Manhattan’s new “mansions,” it turns out, are not really even mansions at all. New York City developers are increasingly...
View ArticleClik here to view.
New U.S. home orders slow, despite robust June sales
D.R. Horton’s Donald Tomnitz, ISI’s Steven East Orders for new U.S. homes slowed in the second quarter, suggesting for some that rising interest rates have sapped the rate of building, the Wall Street...
View ArticleClik here to view.
Vantage, Area continue Upper Manhattan selling spree
Area’s Richard Mack, Eastern’s Stuart Gross and the Upper Manhattan property A partnership between Queens-based Vantage Properties and longtime collaborator Area Property Partners has sold an Upper...
View ArticleClik here to view.
American Landmark enters NYC with $200M Fort Greene ground lease buy
From left: Adam Spies, 470 Vanderbilt Avenue and Doug Harmon American Landmark Properties, owner of Chicago’s Willis Tower, has inked a deal for its first New York City acquisition: the ground lease...
View ArticleClik here to view.
“Secretary” director Steven Shainberg sells Greenwich Village co-op for $2.6M
Steven Shainberg (with Nicole Kidman) and 74 Fifth Avenue Steven Shainberg, director of offbeat psychological dramas such as “Secretary” and “Fur: An Imaginary Portrait of Diane Arbus,” has sold his...
View Article