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Category Archives: Interesting NYC real estate articles
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But compare to real estate prices and rents in Manhattan, London or Paris, and you will see that it is still relatively cheap here compared to them. 20/20 did a comparison show a few years ago, Palo Alto real estate and Manhattan real estate were …See all stories on this topic »
Orthodox Families Give Midwood a Boost
Real-estate prices on the western end of Midwood had reached levels younger people couldn't afford, Mr Berk added, whereas housing on the east by Nostrand Avenue remained within reach for many, helping extend not only Midwood's physical boundaries but …See all stories on this topic »Wall Street Journal
Debra Schuster Tanger Joins Prudential Douglas Elliman
With her passion for real estate, influential network of contacts and her knowledge of the intricacies of co-op boards, Debra will make a great addition to our talented team of real estate professionals," said Dottie Herman, President and CEO of …See all stories on this topic »
What you can rent in the Financial District for $3435 and South Beach for $3500
Designed by Heller Manus Architect, this Manhattan-style condo offers the intimacy of a small building with desirable amenities such as 24-hour security and a roof terrace with views. The location is also fantastically convenient to everything San …See all stories on this topic »
Retail rent on Manhattan's Fifth Avenue soars
The asking rent for street-level stores on Fifth Avenue between 50th and 59th streets rose to $2750 per square foot this spring, the Real Estate Board of New York said in a report released Friday. The stretch is home to world-famous stores including …See all stories on this topic »
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Zuckerberg's fortune up $100 million even as Facebook's debut stalls
By David De Jong Peter James holds up a sign outside Nasdaq in Manhattan calling on Facebook investors to use some of their new-found wealth to help New York food pantries. (AP Photo/Bebeto Matthews) NEW YORK â Mark Zuckerberg remains one of the 30 …See all stories on this topic »
Inside New York's most expensive apartment
In the sky-high world of Manhattan real estate, two new plateaus have been reached: The highest condo in the nation — on the 89th and 90th floors — sold for more than $90 million, the most ever paid for an apartment in the city that never sleeps.See all stories on this topic »
Manhattan Las Vegas Condo Listings Now Available via LREP Mobile and …
Luxury Real Estate Partners today announced a partnership with Smarter Agent to provide Manhattan Las Vegas Condo listings on smart phones and tablets. Luxury Real Estate Partners today announced a partnership with Smarter Agent to provide Manhattan …See all stories on this topic »
Luxury COndo | Lower Manhattan Real Estate, Living and New …
It was a mystery buyer who purchased the Penthouse apartment at One57 who declined to be named or give his country or origin. However the president of …lower-manhattan-real-estate.com/new-york…/luxury-condo/
Questions and answers about Related's second Base Village deal
When Related Cos. announced May 1 that it had reached an agreement to buy its Base Village back from four European banks and settle ongoing litigation with those banks, executives at the private real estate company characteristically left many …See all stories on this topic »Aspen Business Journal
Former NYPD Officer Accused in $4.7 Million Real Estate Scam
James Monahan, who worked for the New York Police Department from 1994 to 2005, and Edward Adams of Obermayer & Adams in Manhattan, claimed to be building a condominium development in the Dominican Republic with more than 1200 units.See all stories on this topic »
Influx of artists changing small West Texas town
"It's just a flyspeck in the flat, hot, dusty cattle country of southwest Texas — closer to Chihuahua than Manhattan" but Marfa is cooking, the magazine suggests, "thanks to an influx of creative types from way downtown: filmmakers like the Coen …See all stories on this topic »
CoreNetNJ Summer Social July 26
CoreNet (Corporate Real Estate Executives Network) Global, New Jersey Chapter has announced that the 2012 Summer Social, the premier Corporate Real Estate networking opportunity of the year, will be held at Liberty House, 76 Audrey Zapp Drive in Jersey …See all stories on this topic »
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Buyers Respond To Value And Commuter-Friendly Location At The Pointe …
More than 20% of The Pointe's 57 one- and two-bedroom condominium residences have already been sold, reports Meadow Partners, the international real estate investor and asset manager which hired the Marketing Directors, Inc. to launch sales at the 155 …See all stories on this topic »
Scholars and the Public Can and Must Co-Exist
The library's announcement that it is going forward is merely an attempt to implement a plan that was shelved when the drop in real estate prices made selling the two branch libraries unfeasible. Most of the criticisms of the plan don't hold water.See all stories on this topic »
Investing in a Restaurant a Risky Labor of Love
"My investment thesis was this had limited downside because it is prime, prime real estate," Campbell said. (OZIER MUHAMMAD | THE NEW YORK TIMES) By PAUL SULLIVAN Relaxing in a restaurant, satisfied after a good meal and maybe a glass of wine, …See all stories on this topic »
How's the Weather Down There?
Both of those buildings would be taller than One57, which will be Manhattan's tallest residential building, at 1004 feet, when it is completed next year. And 432 Park Avenue, a condo structure scheduled to be finished in 2016, would be 1398 feet, …See all stories on this topic »New York Times
Heavenly Properties
By SUMATHI REDDY Manhattan may be king when it comes to real-estate eye candy, but the other boroughs certainly have their share of bling, and I recently made it my mission to get a first-hand glimpse. Stop No. 1 on the list: a $14 million South …See all stories on this topic »Wall Street Journal
Manhattan penthouse sells for record $90-100M: sources
The sky-high price is the result of uncertainty overseas, which has been driving foreign investors to buy real estate in New York, experts said. The nationality and exact amount the buyer agreed to pay are also unknown, but the price tops the $88 …See all stories on this topic »New York Post
Smart Money Sheds Stocks | The Daily Capitalist
According to the piece, it says that the super rich are investing in hard assets such as real estate (luxury Manhattan condos), art, wine, collectibles, jewels: Investors with $5 million or more have become the most conservative. The Spectrem …The Daily Capitalist
Condos eye tax relief
By ERIK KRISS and DAVID SEIFMAN Condo and co-op owners outside Manhattan who have been complaining about high property taxes could soon get an unexpected break worth tens of millions of dollars, The Post has learned. Sources said the city is in …See all stories on this topic »
NYC Condo Sold for Record $90M
Real estate in Manhattan is known for its hefty price tags, but an anonymous buyer has set a new a near-nine-figure record. The person is paying more than $90 million for a duplex penthouse in Midtown. The apartment is nearly 11000 square feet and is …See all stories on this topic »Daily Beast
Developers Cease To Offer Condo Incentives | Wealthre: Manhattan …
According to UrbanDigs, a Web site that tracks real estate data, in the 16 … of new condominiums, co-ops and town houses coming on the market in Manhattan …wealthre.blogspot.com/…/developers-cease-to-offer-condo.ht…
7 Important Considerations Before Buying a Manhattan Condo or Co …
Understand the Ownership Difference Between a Condo and a Co-op: In Manhattan (and mostly everywhere else), the buyer of a condominium (âcondoâ) …activerain.com/…/7-important-considerations-before-buying-a…
SEFCU bulks up its commercial division [Times Union, Albany, NY]
The group — Adelphi Hotel Partners LLC — includes Toby Milde , managing director of Capital District Properties , and his father, Simon Milde , a real estate investment banker in Manhattan who does business around the world.See all stories on this topic »
10 Jaw-Dropping Homes in Bizarre Places
… We think Andy Warhol's infamous Silver Factory may have paved the way for the rise of today's most hallowed real estate: the modern industrial live/work loft space. A decadent conversion on the tenth floor of a brick building in Midtown Manhattan, …See all stories on this topic »Flavorwire
Russian presence in NYC real estate market will only increase: VIDEO
While a Russian was not responsible for the record One57 penthouse purchase, don't expect the region's influence on the city's real estate market to wane. In a video on CNBC, Alex Rovt, who recently acquired the 1 million-square-foot office tower at 14 …See all stories on this topic »
New Condo Tower Set to Break Ground in Midtown Manhattan
By Alessia Pirolo A venture of JDS Development Group and Starwood Capital Group hopes to break ground within months on a 50-story condominium and retail tower in a part of Midtown Manhattan that's already seeing a rash of new development.See all stories on this topic »
Rutenberg to add 100 agents
Diller was the founding member of Equity Programs, Ltd., a real estate firm based in Manhattan, where he was responsible for creating 39 investment partnerships with a value in excess of $140 million. The portfolio included more than 2500 apartment …See all stories on this topic »
David McCullough talks up 'The Great Bridge'
He sings a little calypso, swears mildly and, with acknowledged bias, likens the nearby Manhattan Bridgeâa sleek, steely contrast to the Brooklyn Bridge's heavy stoneâto an erector set. Ah, but the Brooklyn Bridge. He breathes it in like the sunny air.See all stories on this topic »
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Real Estate News: The New First Family of Real Estate
By WSJ Staff AP The New First Family of Real Estate: In a real estate shopping spree of epic proportions, the daughters of Formula 1 Racing boss Bernie Ecclestone have snapped up hundreds of millions of dollars worth of high-profile properties in the …See all stories on this topic »
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NYC Retail Report: Hot Shopping Corridors on Madison and Upper 5th Avenue …
… NY, May 18, 2012 (MARKETWIRE via COMTEX) — The market for Manhattan retail space has tightened in the most prominent shopping corridors with asking rents on Madison Avenue and Fifth Avenue seeing significant increases, according to The Real Estate …See all stories on this topic »
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Recipe for eatZi's success is found close to home
According to county deed records, the 48000-square-foot Champ d'Or was sold to T Chateau Event Center Llc., an entity of the Tabani Group in Dallas, a commercial real estate company that owns mostly retail centers, according to its website.See all stories on this topic »
For the rich, diamonds are the new stocks
So what are the wealthy doing with their money? Increasingly, they`re looking for hard assets, collectibles and real-estate. Just consider the headlines from the past week. Two trophy apartments in Manhattan sold for more than USD 50 million.See all stories on this topic »Moneycontrol.com
Three Cents Worth: Manhattan is Converted Euro-Trash
Europe (pink line) and the UK (orange line) are seeing Manhattan real estate prices with 24.8% and 36.9% discounts, respectively. Canadian (green line) and Australian (light blue) dollars were basically at par and no discount was seen.See all stories on this topic »
Heilberg Named COO at Massey Knakal Realty Services
He will have direct management responsibility for the firm's sales management in Manhattan and Brooklyn/Queens as well as the Marketing and Public Relations departments. Heilberg first acted in a COO capacity with Denholz Associates, which during his …See all stories on this topic »
Divalysscious Moms Head to 400 Fifth Avenue for Pre-Mother's Day Pampering …
Developed by international real estate developer Bizzi & Partners Development, 400 Fifth Avenue, at Fifth Avenue and 36th Street, seamlessly pairs award-winning hotel The Setai Fifth Avenue with an unparalleled collection of contemporary condominium …See all stories on this topic »
Empty Lot Once Eyed by Protesters Turns into Food Truck Encampment
The new food court is called LentSpace, and it's a collaborative effort between property owner Trinity Real Estate and the Lower Manhattan Cultural Council. Last November, when the New York Police Department cleared the Occupy Wall Street encampment at …See all stories on this topic »WNYC
Handler Inks Two Tenants to West Side Deals
Handler Real Estate Organization has arranged two new transactions on Manhattan's West Side: a gourmet chocolatier retail lease and an executive search firm office relocation. Executive search firm Kirkland West, LLC, which specializes in strategy and …See all stories on this topic »Citybizlist Real Estate
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The Marketing Directors Promotes Natalie Johnson To Project Coordinator
NEW YORK, NY – The Marketing Directors, Inc. today announced that Natalie Johnson has been promoted to Project Coordinator at the Manhattan-based real estate marketing, sales and leasing firm. In her new role, Ms. Johnson will be responsible for …See all stories on this topic »Citybizlist (press release)
Blackstone Said to Seek Buyer for Manhattan Tower Stake
Blackstone Group LP (BX) plans to sell its 49.9 percent stake in 1411 Broadway, a tower in Manhattan's garment district, and has given co-owner Swig Co. a July deadline to help it find a buyer, said three people with knowledge of the situation.See all stories on this topic »
Ex-cop, lawyer charged in $4.7M 'fraud'
In 2008, Monahan began marketing a plan to develop 1200 condo units in the Dominican Republic to BridgePoint Venutres, a real-estate investment firm in Florida, according to the Manhattan federal court complaint. As part of the scheme, Monahan and an …See all stories on this topic »
Toni Stabile Center for Investigative Journalism
His research focused on Thompson's stint as chairman of the Battery Park City Authority, a public-benefit corporation overseeing that real-estate development in Lower Manhattan. Thompson relinquished that post last week. Today the New York Daily News and The New York World published Herz's report, which revealed that the biggest winner in a rollback in fees charged Battery City Park condominium owners was property developer Howard Milstein, a contributor to Thompson's …Toni Stabile Center for Investigative…
Getting from here to there: Who Buys Manhattan Apartments?
To me this suggests that European money will flow into Manhattan real estate (a similar situation is happening in Miami) pushing prices higher. Even if oodles of new units are permitted and built I don't see much potential for rent relief for New …Getting from here to there
The Marketing Directors Promotes Natalie Johnson to Project …
The Marketing Directors Inc. announced that Natalie Johnson has been promoted to Project Coordinator at the Manhattan-based real estate marketing, sales and leasing firm. … Coordinator at the Manhattan-based real estate marketing, sales and leasing firm. In her new role, Johnson will be responsible for managing the day-to-day marketing and sales/leasing programs for a number of new condominium and rental properties in New York and New Jersey. She will work closely with …Multi-Housing News Online
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The $70M Condo versus $52M Co-op Smackdown, Manhattan Style
The former was a record â the highest sales price of a co-op apartment in Manhattan history and the second was a near record sale for a Manhattan condo. One could say this … [Grounded] Real Estate Values Near Cemeteries. Categories …Matrix
MIDWEEK BRIEFS
EXHIBIT â SILVERMAN and the Hamilton Square Condominium Association present âGlenn Garver: Recent Paintingsâ at the Hamilton Square Condominium, 232 Pavonia Ave., Jersey City, from now until Aug. 31. SILVERMAN, a real estate development company run by …See all stories on this topic »
This is livin' large
New Yorkers may soon be able to call the historic Woolworth Building – once the tallest in Manhattanâhome as the top 25 floors were just sold to a developer. A deal with Werner was first reported by Real Estate Alert in a newsletter.See all stories on this topic »New York Post
Legal Fight Over, Wilpon and Mets Get 2013 All-Star Game
That uncertainty ended two months ago when he settled the case that threatened his sports and real estate empire. On Wilpon's return to Lower Manhattan on Wednesday, there were no legal issues to discuss or wrap up. Instead, he announced that the Mets …See all stories on this topic »
Ex-NYPD sergeant nabbed in $4.7 million real estate scam
A RETIRED NYPD sergeant was arrested Wednesday and charged with stealing $4.7 million from investors to develop a bogus real estate project . James Monahan, 42, a cop from 1994 to 2005, was arraigned on fraud charges in Manhattan Federal Court and …See all stories on this topic »New York Daily News
StreetEasy: 303 East 109th St. – Condo Apartment Rental in East …
Condo for rent in East Harlem, Manhattan for $2200, 5 rooms, 2 beds, 1 bath, 900 ft². … StreetEasy NYC Real Estate & Manhattan Apartments For Sale …streeteasy.com/…/876022-condo-303-east-109th-street-east-ha…
155 CONDO, 155 East 38th Street, 5F – Murray Hill One Bedroom …
155 CONDO, 155 East 38th Street, 5F – Murray Hill neighborhood NEW ON MARKET – ONE … Morgan Evans is a Manhattan New York Real Estate specialist in …activerain.com/…/155-condo-155-east-38th-street-5f-murray-…
Manhattan's Final Frontier | The Hudson Yards – Manhattan Condos
Manhattan Condos – New Developments – Conversions – Resales: Manhattan's Final Frontier | The Hudson Yards … Mitchell Hall NYC Real Estate Broker …condos-manhattan.com/…/manhattan-s-final-frontier-the-huds…
REITs Begin To Show Cracks
According to an April 27 Bloomberg story: Real estate investors competing to buy Manhattan apartment buildings have sent prices to record highs as rental demand surges, reducing yields on the properties to the lowest in more than six years.See all stories on this topic »
Corcoran, 66 Leonard Street – Apt: 5F, TriBeCa Real Estate …
66 Leonard Street – Apt: 5F, TriBeCa, Manhattan, JoAnne Davidian, $1499000, Web ID 2329869. … JoAnne Davidian, Manhattan Real Estate …www.corcoran.com/property/listing.aspx?Region=NYC…
Owners Report Scattered Office Leasing Success in Q1
By Mark Heschmeyer Many of the nation's most prominent REITs and real estate companies reported continuing softness in the office leasing market during the first quarter. And while expectations for a continued slow recovery should result in expected …See all stories on this topic »
Steve Wynn Is Moving Into the Ritz-Carlton Penthouse
When he isn't pricing new real estate in Macau, Las Vegas tycoon Steve Wynn is keeping his eyes peeled for a new home in Manhattan. And he's now found the house of our his dreams: the penthouse suite at the Ritz-Carlton Central Park.See all stories on this topic »HotelChatter
Dewey, Arnold & Porter, Latham, Goodwin, DLA: Business of Law
The failing New York-based law firm was roiled by issues over partner compensation that led to the departure of more than two-thirds of its partners over the last couple of months and the firing of 553 employees at its Manhattan building, according to …See all stories on this topic »
Up Close With Phil Wharton, Brookfield's New Development Guru
Wharton, a 30-year veteran of commercial real estate development, talked with GlobeSt.com about the company's latest progress at the 5.4-million-square-foot Manhattan West site, and other core markets across the globe. GlobeSt.com: Brookfield is known …See all stories on this topic »GlobeSt.com
Retired NY policeman charged with real estate scam
NEW YORK (AP) – A retired New York City police sergeant is charged with stealing $4.7 million from investors in a bogus real estate project. The New York Daily News (http://nydn.us/Kh0RSU ) says James Monahan declined to comment after he was arraigned …See all stories on this topic »
Will Judge Kaplan Kick the Third Rail of Shareholder Litigation?
That's what I'm hoping Manhattan US district judge Lewis Kaplan decides to do as he reviews a proposed $90 million settlement of shareholder claims against the former officers and directors of Lehman Brothers. As the deal currently stands, …See all stories on this topic »Corporate Counsel
Rybolovlev's Wife Amends $88 Million NYC Apartment Complaint
Russian billionaire Dmitry Rybolovlev's wife filed an amended complaint in her lawsuit over the $88 million purchase of a Central Park West penthouse in Manhattan from former Citigroup Inc. (C) Chairman Sanford Weill. Elena Rybolovleva sued Rybolovlev …See all stories on this topic »
UWS home of Picholine restaurant trades for $26M
By Guelda Voien A nine-story Manhattan residential building â longstanding home of the Michelin-starred restaurant Picholine â has sold for $26 million after a bidding war between real estate investors, sources told The Real Deal.See all stories on this topic »The Real Deal New York (blog)
Should I continue renting or is now the time to buy in Manhattan …
Condos Rent vs Owning 356×500 Should I continue renting or is now the time to … If you're interested in purchasing Manhattan real estate and would like more …lower-manhattan-real-estate.com/…/should-i-continue-renting-…
Manhattan Apartments For Sale | New York City Condos For Sale …
Manhattan apartments for sale or rent have everything that anyone could possibly need in Luxury Real Estate. That's why when people seek to Buy Condo in …manhattanapartmentsny.com/…/luxury-apartments-sale-or-rent…
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US Files Case Against China Natural Gas, Chairman
According to the SEC's complaint, filed in the US District Court in Manhattan on Monday, Mr. Ji's nephew approached the company in late 2009 to obtain a loan for a large real-estate project run by Demaoxing. Mr. Ji asked his niece's husband, …See all stories on this topic »
Starwood Co-Originates $238M Loan; More to Come
… source for everything real estate. ROSSLYN, VA-It has been a busy seven days for Starwood Property Trust. Last week the REIT originated a $170-million first mortgage loan on two class B office buildings in the SoHo district of Midtown Manhattan.See all stories on this topic »GlobeSt.com
Food trucks now occupy former Occupy Wall Street space, some tech firms choose …
Real estate agents now hunt for sellers as US home inventories fall [Businessweek] 8. Fort Washington Park restoration to be part of a $40M city plan to spruce up park sin Upper Manhattan [DNAinfo] 9. Food trucks, not protesters, now occupy former …See all stories on this topic »
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Mall at an Ideal Crossroads Gets an Overdue Makeover
James E. Stifel, the chief investment officer for Benenson, a private family real estate investment and development company in Manhattan, would not give specifics on the financing, although he did describe the current commercial real estate scene as âa …See all stories on this topic »
American Realty Advisors Announces the Acquisition of a Luxury Waterfront …
GLENDALE, CA, May 15, 2012 (MARKETWIRE via COMTEX) — American Realty Advisors, a leading provider of real estate investment management services for institutional investors, announced today the acquisition of 111 Kent, a newly-developed 62-unit luxury …See all stories on this topic »
Shock and Awe at Performance of Prime City Real Estate
London then takes fourth with 11.3% before we return to North America with Manhattan's 9.2% growth giving it fifth place. Apart from that only Moscow, Zurich, Beijing Cape Town and Dubai managed growth over the year, with Los Angeles and Dubai at less …See all stories on this topic »
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Street renaming is fitting tribute to a real inspiration from Staten Island
The Staten Island Board of Realtor's sixth annual International Real Estate Conference may have been a busy event, but it didn't stop Staten Island Realtors from taking time to raise dollars on behalf of those in need. âWe are proud to have donated …See all stories on this topic »SILive.com (blog)
Foundation Signs Lease for Manhattan Office Space in Financial District
Metro Manhattan Office Space, Inc. Provides Competitive New York City Office Space Rents, Quality Commercial Buildings, Real Estate Incentive Programs & Access to Public Transport Attracts Nonprofit Organization to Downtown Manhattan.See all stories on this topic »PR Web (press release)
Ron Gitter: Risky Business: Low Inventory Rattles Reality
Thanks to a shortage of inventory, Manhattan real estate may be having a George Santayana moment. Despite everything that occurred only a few years ago, buyers are beginning to revisit the bad habits that resulted in misguided real estate …The Huffington Post Full Blog Feed
Miami FL Real Estate Head-To-Head With Manhattan: The Top Two …
The price per square foot for condos in Manhattan had gone up by as much as 9 percent while luxury real estate options within the area had gone up by as much as 9 percent. Miami FL, on the other hand, had experienced increases of as …Latest Articles on EzineMark.com
Pension Authorities Sue Dewey Seeking Termination of Dewey Retirement Plans
On Monday, in a new turn of events adding to the despair of Dewey & LeBoeuf employees, the Pension Benefit Guaranty Corp has filed a lawsuit against the firm in a federal court in Manhattan. The federally-owned US government corporation is seeking a …See all stories on this topic »
Another Way to Play the Rent vs. Buy Market
Among its new initiatives is a foray into the Manhattan real estate market, where rents are going through the roof because of tight rental supply, and the scuttlebutt is that landlords there can count on rents to increase nearly 7% this year.See all stories on this topic »
Indian conglomerate buys Manhattan Research parent for $635m
A Mumbai-based pharma custom manufacturing firm is buying the parent company of Manhattan Research. Piramal Healthcare Ltd., which sold its Healthcare Solutions business to Abbott in 2010 $3.8 billion, will acquire Decision Resources Group (DRG) for …See all stories on this topic »
NY attorney, ex-cop, accused in $4.7 mln real-estate swindle
NEW YORK, May 16 (Reuters) – A New York attorney and a retired police sergeant were charged on Wednesday with stealing almost $5 million from investors who unwittingly backed a phony condominium project in the Dominican Republic.See all stories on this topic »Thomson Reuters News & Insight
Locals rail against financially tardy Holiday Inn developer
BY ZACH WILLIAMS | The future of the world's tallest Holiday Inn sprouting in Lower Manhattan remains up in the air, but the past is hard to escape for developer McSam Downtown LLC. The Downtown Express has found that McSam currently owes the city at …See all stories on this topic »Downtown Express
How to be a (polite, informed) Chelsea tourist guide
By MAT ZUCKER As the weather improves, our little part of the Manhattan grid again begins to crowd with folks holding maps and staring upward with glazed looks in their eyes. The High Line, the art galleries, Chelsea Market (not to mention big events …See all stories on this topic »
Luciano Pavarotti's second wife has real estate woes
The second wife of Luciano Pavarotti, the late tenor of operatic fame, is having some New York City real estate problems, the Wall Street Journal reported. Not only is Nicoletta Mantovani selling apartments near Central Park that are reportedly in need …See all stories on this topic »The Real Deal New York (blog)
Steve Wynn purchases New York City penthouse for $70 million
The Post's real-estate writer Jennifer Gould Keil says it is one of the priciest properties on the ultra-expensive Manhattan real-estate market — and wheeler-and-dealer Steve had $7.5 million knocked off the original asking price.See all stories on this topic »
Mean streets bring out best in Breslin
It's one of the reasons he knows the city just about as well as anyone else in real estate, he said. âThat's how I first began to get an interest in real estate â because of the neighborhoods that I went to all over the city,â Breslin said.See all stories on this topic »Real Estate Weekly
Harbert Outperforming Falcone With 11% Return Suffers Asset Drop
Harbert's US and European real estate funds enjoyed combined returns of 17 percent in 2011, according to the firm's annual report. And Raymond's first crack at launching a hedge fund produced Harbinger Capital Partners — the firm run by Philip Falcone …See all stories on this topic »
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High point for New York's new downtown
âThirty percent of the people who live in lower Manhattan walk to work. I don't think we can overstate the value of that,â Elizabeth Berger, president of the non-profit Downtown Alliance, told attendees of NAIOP's âBuilding the Future of New York Cityâ …See all stories on this topic »Real Estate Weekly
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Stats Point to a Decent Housing Market; Nationstar and ResCap;…
MBA Vice President of Commercial Real Estate Research Jamie Woodwell noted, "The low interest rates and stabilization in commercial real estate fundamentals that raised origination levels by 55 percent in 2011 are continuing to buoy activity in 2012.See all stories on this topic »
The family ties that keep business rolling
At one point, he even had a chance to answer phone calls at the sales office of a Lower Manhattan condo development. âAt six years old, I was an unwitting intern,â he joked. After graduating from college, Schweninger got his broker's license and joined …See all stories on this topic »Real Estate Weekly
Pallas Global Launches Real Estate Investment and Advisory Firm in NYC
Pallas also assists real estate investors who are interested in investing in the residential, hospitality and commercial markets, including retail and mixed-use properties, specifically in Manhattan. This innovative company works as an intermediary …See all stories on this topic »
Steiner Studios pays $25M for Bklyn apt. building
According to public records, the seller in the all-cash deal was an investment team that includes Area Property Partners, a Manhattan-based real estate fund manager. Brooklyn-based Steiner Studios declined to comment. Roughly seven years ago, …See all stories on this topic »
Fearing the Worst on Park Avenue
Battles over Manhattan views and light and preservation are among the oldest stories in New York real estate. But it may be a new chapter for Toll Brothers, which by purchasing sites assembled by others has typically avoided neighborhood controversy in …See all stories on this topic »Wall Street Journal
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First FHFA Case to Be Tried Next Year, U.S. Judge Says
US District Judge Denise Cote set out a proposed schedule for the trials in a court conference with more than two dozen lawyers in Manhattan today. Under Cote's plan, UBS AG (UBSN), Switzerland's biggest bank, would be first to defend claims it misled …See all stories on this topic »
$13.6M in Refinancing for Claremont Corporate Center in Summit, NJ
Cantor Commercial Real Estate provided the 10-year, fixed-rate loan. Proceeds were used to refinance a construction/permanent loan previously arranged by HFF in 2008. The financing was secured on behalf of Claremont Corporate Center LLC.See all stories on this topic »
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It's a 'beee-yuuuu-ti-ful' day to be a candidate | The Republic
"Unlike some others in real estate, I always answer," he says, after declining an offer from what turned out to be a salesperson hawking kitchenware. "You never know when it might be an emergency. So much of business in America today is perpetual voice …See all stories on this topic »
NYC-based The Spandrel Group Opens Larchmont Office
Manhattan-based real estate firm The Spandrel Group is opening its first satellite branch in Larchmont, New York. Located at 1415 Boston Post Road, the corporate office will specialize in the Westchester and Connecticut real estate markets, …See all stories on this topic »
No country for rich men
That rootlessness is keeping the price of luxury real estate soaring. So far this year, in Manhattan alone, four luxury co-op apartments have sold for over $30 million each, notes Crain's New York Business. Just how many potential stateless super rich …See all stories on this topic »
Oaktree's Marks Pays a Record $52 Million for NYC Co-Op
Howard Marks, chairman and co-founder of Oaktree Capital Group LLC (OAK), paid $52.5 million for a duplex apartment on New York's Park Avenue, a record price for a Manhattan co-op. Marks acquired the eight-bedroom property at 740 Park Ave. from …See all stories on this topic »
JPMorgan makes Wall Street regulation a campaign issue again
Add real estate and insurance firms into the mix and that number jumped to $42 million overall for Obama and $31 million for McCain. The pattern is not lost on certain conservative groups who cry "hypocrite" over Obama's Manhattan money hauls.See all stories on this topic »
SEC Sues China Natural Gas Chairman for Secret Loans to Son
The US Securities and Exchange Commission sued a China-based natural gas company over claims its chairman secretly used the firm's money to make $14 million in loans to benefit his son's real-estate business. Qinan Ji, the former chief executive and …See all stories on this topic »