Loading...
The Real Deal - New York Real Estate News |
Judge annuls DFS’ “absurd” anti-marketing rules for title companies Posted: 05 Jul 2018 02:45 PM PDT New York title insurers can get back to schmoozing. In a major victory for agents, closers and underwriters, a judge on Thursday annulled the strict anti-marketing regulations enacted earlier this year by the Department of Financial Services. The rules had been an attempt to crack down on excessive wining and dining in the industry, but insurance companies and their representatives called it a death knell to their business. In a 15-page decision, Judge Eileen Rakower […] |
Scorecard: May saw highest Manhattan I-sales dollar volume in the past year Posted: 05 Jul 2018 02:30 PM PDT |
New York Times subsidiary inks lease at LIC warehouse Posted: 05 Jul 2018 02:15 PM PDT A New York Times subsidiary is moving into a two-story warehouse in Long Island City. Wirecutter, a product-review website acquired by the Times in 2016, inked a lease for space at 12-01 44th Avenue, according to documents filed with the city’s Department of Finance on Thursday. While it’s unclear how much space the company plans to take, the building spans roughly 10,000 square feet. Representatives for the newspaper didn’t immediately return messages seeking comment. Lee […] |
Price of Manhattan apartments drops for the fourth straight quarter Posted: 05 Jul 2018 02:05 PM PDT According to this week’s market reports, the median price for a Manhattan apartment dropped for the fourth straight quarter and U.S. construction spending reached a record high in May. Residential Sales | CityRealty The average sales price in Manhattan dropped 4.3 percent to $2.2 million in the four weeks leading up to June 1. The slight drop coincided with an increase in recorded sales. During the period, the number of sales stood at 923 transactions, […] |
Brookfield in talks to buy stake in Waterside Plaza: sources Posted: 05 Jul 2018 01:50 PM PDT UPDATED, July 5, 6:25 p.m.: Brookfield Property Partners is in talks to buy a stake in the 1,400-unit Waterside Plaza complex in Kips Bay. The $600 million deal is not yet finalized and there’s no guarantee it will go through, sources familiar with the talks told Bloomberg News, which first reported the news. While Bloomberg reported the deal is for full ownership, sources told The Real Deal that only a stake is up for sale […] |
Tee off with The Real Deal at our annual NY golf outing Posted: 05 Jul 2018 01:35 PM PDT The Real Deal is pleased to announce that we will be hosting this year’s golf outing at The Muttontown Club in East Norwich, New York. Muttontown is a beautiful private country club available exclusively to members and their guests and offers the perfect setting for meeting and mingling with NYC’s real estate elites. The day will include breakfast, a shotgun start and cocktails and meals, including a semi-formal dinner. For the first time ever, a […] |
Bob Weinstein sells 211 CPW duplex Posted: 05 Jul 2018 01:14 PM PDT Film producer Bob Weinstein sold his 211 Central Park West co-op for $20.5 million, according to property records filed with the city Thursday. The duplex was originally asking $29.5 million — and Weinstein paid $20 million for it in 2004. The buyer is Pamela Schein Murphy, founder of lifestyle website the Select 7, records show. The producer’s brother Harvey has been at the center of a major sexual misconduct scandal, which led to his indictment […] |
Bank that backs Brooklyn’s biggest Hasidic developers lends $40M on synagogue conversion on UWS Posted: 05 Jul 2018 12:40 PM PDT Bofl Federal, the California-based lender that’s provided a slew of loans to Brooklyn’s most prolific Orthodox Jewish developers, has provided a $40 million loan for a synagogue conversion on the Upper West Side. Leyton Properties and Chinese developer Landsea Homes secured the funding to build a 14-story luxury condominium development at 212 West 93rd Street, according to Real Estate Weekly. The new building will replace the existing Shaare Zedek Synagogue and is being designed by […] |
World Cup, real estate edition: These soccer pros scored homes in Miami and NY Posted: 05 Jul 2018 11:55 AM PDT After a month of inspired World Cup play in Russia, 32 teams have been narrowed down to eight, with the quarterfinals set for Friday and Saturday. Nearly all of the 736 players who began three weeks ago will go home empty-handed, having failed to win the title for their country. But where will they go? The soccer stars from around the world may want to return to their home countries, or perhaps they may want […] |
Allure closes on Harlem nursing home purchase following settlement with AG Posted: 05 Jul 2018 11:10 AM PDT The Allure Group closed on its $25 million purchase of the Greater Harlem Nursing Home following a settlement with the state Attorney General’s office earlier this year. Allure, led by Joel Landau, sealed the deal for the Greater Harlem Nursing Home & Rehabilitation Center at 30 West 138th Street on June 27, property records filed with the city Thursday show. The company had signed the contract back in March 2014, but as Allure became embroiled […] |
Related Companies buys UES townhouse Posted: 05 Jul 2018 10:58 AM PDT One of New York City’s biggest developers and landlords scooped up an Upper East Side townhouse at 238 East 68th Street, records filed with the city Thursday show. Related Companies, which as of February was the city’s most active developer with 9 million square feet in the pipeline (thanks largely to Hudson Yards), paid $11.2 million for the six-bedroom home. (As of July 2016, Related was also the city’s largest private landlord with over 15,000 […] |
City Council approves 70K sf bonus for Madison Equities’ FiDi supertall Posted: 05 Jul 2018 10:30 AM PDT The City Council has cleared the way for Robert Gladstone and his partners to add more than 70,000- square-feet to their proposed mixed-use residential tower at 45 Broad Street. Gladstone’s Madison Equities, along with partners Pizzarotti Group, Gemdale Properties and AMS Acquisitions, agreed to build two elevators at the J/Z Broad Street subway station in exchange for a 71,391-square-foot zoning bonus. The added square footage will be divided between the residential and office portions of […] |
Westchester & Fairfield Cheat Sheet: Jackie Gleason’s Cortlandt mansion lists for $12M … & more Posted: 05 Jul 2018 10:00 AM PDT Circular mansion once owned by Jackie Gleason hits the market for $12M A circular mansion that was once home to “Honeymooners” star Jackie Gleason has hit the market for $12 million. Gleason designed the 3,950-square-foot, two-bedroom “Round House” in Cortlandt Manor himself, the New York Post reported. The comedian, who was fascinated by UFOs, called the house “The Mothership,” according to the outlet. Its current owner is a retired orthodontist who purchased the home for […] |
Purplebricks revenue doubles as it eyes US market share Posted: 05 Jul 2018 09:16 AM PDT UPDATED, 2 p.m., July 5: Purplebricks doubled its overall revenue, as the discount residential brokerage eyes capturing more market share in the U.S. Group revenue for the fiscal year 2018 ending in late April was $123.9 million, a 101 percent increase from $61.8 million year-over-year, the U.K.-based company reported Thursday. U.S. revenue accounted for $2.6 million. Purplebricks said it continues to recruit agents in the U.S. Its footprint in California has expanded to Sacramento, Fresno […] |
Vince Viola listed his UES mansion again. This time, he wants $88M Posted: 05 Jul 2018 08:30 AM PDT Vincent Viola was on the cusp of a sales record in December when he reportedly found a buyer willing to pay $80 million for his Upper East Side mansion. That deal fell through, and now he’s aiming even higher. The CEO of Virtu Financial has re-listed his 20,000-square-foot house at 12 East 69th Street for $88 million. Viola, owner of the Florida Panthers, and his wife Teresa bought the 40-foot home in 2005 for $20 […] |
This startup is spending $10M to buy out vacant NYC apartments Posted: 05 Jul 2018 07:45 AM PDT One startup plans to spend $10 million over the next year buying out leases in New York City and renting the units out itself. Rezi, which has raised $30 million from investors and went through an accelerator program in Silicon Valley, is attempting to make deals with New York landlords who are losing out on income from empty apartments during the marketing and leasing period, according to Crain’s. Rezi’s pitch is that it would pay […] |
Qatari cash expands wealth firm tied to Hong Kong real estate Posted: 05 Jul 2018 07:01 AM PDT London-based wealth manager LJ Partnership is eyeing a global expansion. Dilmun — a family office in New York that originated in the Gulf region — acquired a 40 percent stake in LJ Partnership, Bloomberg reported. The deal ties Dilmun with a Hong Kong real estate family that has also broadened to the U.K. and China. “It’s been very important for us to match long-term capital from Asia, particularly Hong Kong, from the Gulf, Europe and […] |
LinkedIn is taking even more space at the Empire State Building Posted: 05 Jul 2018 06:13 AM PDT LinkedIn has signed its sixth expansion at the Empire State Building, bringing its total footprint at the building north of 300,000 square feet. The deal adds 30,165 square feet, or the entire 27th floor, the New York Post reported. The asking rent was $72 per square foot. CBRE’s Sacha Zarba and Lauren Crowley Corrinet represented LinkedIn. The seven-and-a-half-year lease coterminates with its other floors. The company occupies roughly 90,000 square feet on the third floor, […] |
The top 10 biggest real estate projects coming to NYC Posted: 05 Jul 2018 05:00 AM PDT Manhattan only had one project among the top 10 largest filed last month, but it was the biggest by an extremely wide margin. Jonathan Rose Companies’ and L+M Development Partners’ mixed-use building in East Harlem was the biggest project for which plans were filed in June — by almost 200,000 square feet. The development at 1681 Madison Avenue will span about 346,000 square feet and is part of the companies’ even larger Sendero Verde project. […] |
Will rental brokers get cut out as startups nip at their market share? Posted: 05 Jul 2018 04:30 AM PDT Being a New York City rental broker has always been a tough gig. But the job is getting even harder. It’s now been exactly one year since StreetEasy began charging a daily $3 fee to post a rental listing on its site — a move that hit brokers in the pocketbook at a time when margins were already thin. The fee — which does not seem to have dissuaded brokers from using the Zillow-owned site […] |
The top 10 NYC office leases in June Posted: 05 Jul 2018 04:00 AM PDT June’s top offices leases secured less square footage than May’s. The top 10 office lease deals last month totaled 1.7 million square feet, smaller than May’s top 10 leases, which totaled 2.4 million square feet. 1) NYU Langone Medical Center, 1 Park Avenue, Kips Bay – 630,000 square feet The medical center renewed and expanded its lease to 630,000 square feet of office space at 1 Park Avenue. Bruce Mosler of Cushman & Wakefield represented […] |
Blockchain’s real estate break Posted: 04 Jul 2018 03:00 PM PDT From the November issue: In September, REcoin, a startup that billed itself as the “only cryptocurrency backed by real estate,” was busted for fraud by the U.S Securities and Exchange Commission. The Las Vegas-based startup had planned to use blockchain technology — a growing list of public records that are encrypted and linked across a network of computers — to support its currency. It launched an initial coin offering (ICO), the equivalent of an initial public […] |
You are subscribed to email updates from The Real Deal New York. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |
Loading...
Loading...