Loading...
The Real Deal - New York Real Estate News |
Check out the top NYC real estate events happening next week Posted: 05 Sep 2017 03:15 PM PDT Beleaguered bi-state agency the Port Authority of New York and New Jersey is hosting its fourth annual conference on Sept. 12, at the Hotel Pennsylvania from 7:30 a.m. to 12:25 p.m. At the conference, the agency will discuss its biggest budget to date – the $32.2 billion, 10-year plan for 2017-2026, which aims to improve the metro region’s ever-creaky transportation system. On Sept. 13, attend B’nai B’rith International’s luncheon for its New York City real […] |
Aby Rosen pays $135M for former Jehovah’s Witnesses hotel Posted: 05 Sep 2017 03:00 PM PDT Aby Rosen’s RFR Realty paid $135 million to buy the Jehovah’s Witnesses’ former residential hotel at 90 Sands Street, property records filed Tuesday show. The 400,000-square-foot building is part of a six-building portfolio that the Witnesses went into contract to sell to RFR, Kushner Companies, LIVWRK and Invesco for $375 million in 2013. The partners closed on the five other buildings – 117 Adams Street, 175 Pearl Street, 77 Sands Street, 88 Prospect Street and […] |
Zara Realty picks up two more resi buildings in Jamaica for $20M Posted: 05 Sep 2017 02:31 PM PDT Zara Realty, a major player in southeast Queens real estate, purchased a pair of buildings in Jamaica for just under $20 million. The company purchased the two six-story elevator apartment buildings at 88-22 Parsons Boulevard and 89-21 153rd Street—close to Rufus King Park—from Vincent Ragosta, who property records show purchased both buildings in 2014 for a total of $10.25 million. The buildings contain a total of 82 mostly rent-stabilized apartments and one commercial unit, and […] |
There are only 9 days until TRD’s California real estate event — buy your tickets today! Posted: 05 Sep 2017 02:20 PM PDT Join some of the biggest names in the industry at The Real Deal’s Southern California Real Estate Showcase and Forum at the Bank of America Plaza on Sept. 14! |
Mort Zuckerman gave up a valuable piece of real estate in Daily News sale Posted: 05 Sep 2017 02:00 PM PDT When publishing giant Tronc took over the New York Daily News from real estate investor Mort Zuckerman, it also landed a potentially lucrative piece of Jersey City real estate. Tronc is taking over the Daily News’ printing plant at 125 Theodore Conrad Drive along with a 49.9-percent stake in the 25-acre site it sits on. The site can be redeveloped and was key to the sale because its value helps make up for the paper’s […] |
Posted: 05 Sep 2017 01:30 PM PDT From the September issue: Julio Iglesias lists four properties on exclusive Indian Creek Island Julio Iglesias is ready to let go of the lots he’s loved before. The award-winning singer and songwriter listed four waterfront parcels of land on Indian Creek Island for $150 million. Coldwell Banker’s “The Jills” — Jill Hertzberg and Jill Eber — have the listing. Each property totals 80,000 square feet, and together they have about 800 feet of water frontage […] |
Brooklyn borough prez knocks back Bedford-Union Armory plan Posted: 05 Sep 2017 01:10 PM PDT In another blow to the proposed redevelopment of the Bedford-Union Armory in Crown Heights, Brooklyn Borough President Eric Adams has refused to back the project unless major changes are enacted Adams released his recommendation on Friday. Developer BFC Partners is joining with CAMBA, a Brooklyn-based nonprofit, with a plan to turn the vacant 138,000-square-foot site into a mixed-use facility that includes affordable housing, market-rate condos and recreational facilities. However, Adams said he has a problem […] |
Be sure to check out TRD’s September issue Posted: 05 Sep 2017 12:40 PM PDT This month’s magazine features the Closing interview with Sam Zell, a look at investment sales around the globe, a conversation with Richard LeFrak and more. |
Meyer Equities and Children’s Aid Society feuding over Midtown HQ deal Posted: 05 Sep 2017 12:10 PM PDT Meyer Equities may have Harry Macklowe out of the way for now, but buying the Children’s Aid Society’s headquarters in Midtown is proving to be a difficult deal to close. The Garment District-based firm notched a big win earlier this year when a judge ruled that Macklowe didn’t have a right of first refusal to buy the nonprofit’s property at 150 East 45th Street, which Meyer Equities had offered to buy for $28 million. But after […] |
Strategic Capital plans Astoria resi building Posted: 05 Sep 2017 11:48 AM PDT Strategic Capital Metropolitan on Tuesday filed plans to develop a seven-story residential building in Astoria. The Long Island-based developer plans to construct a 58,587-square-foot condo at 3-11 27th Avenue, according to a permit application filed with the city’s Department of Buildings. The application calls for 37,940 square feet of residential space, 7,991 square feet of retail and a 12,656-square-foot community facility, which will include space for both outpatient medical care and a day care facility. […] |
MKF Realty planning 250K sf Hell’s Kitchen office building Posted: 05 Sep 2017 11:15 AM PDT Isaac Khafif’s MKF Realty is planning to a develop an office building spanning at least 250,000 square feet near the Hell’s Kitchen waterfront after having recently finalized an assemblage, sources told The Real Deal. Over the past five years, Khafif quietly gathered three adjacent properties — and their development rights — with frontage along West 46th and 47th streets and West Side Highway. He spent a combined $69 million in three separate deals, property records […] |
Empire State Realty Trust now has access to a lot more capital Posted: 05 Sep 2017 10:45 AM PDT Maybe it’s time to buy some buildings again? Empire State Realty Trust landed a new $1.365 billion credit facility from a consortium of banks with an option to increase it to $1.75 billion, the real estate investment trust announced Tuesday. The financing package includes a $1.1 billion revolving credit facility and a $265 million term loan. Merrill Lynch, Wells Fargo, Pierce, Fenner & Smith, Capital One, Goldman Sachs, JPMorgan Chase and Barclays Bank participated in […] |
Condo sale sets record for Roosevelt Island Posted: 05 Sep 2017 10:15 AM PDT A condominium on Roosevelt Island sold for $1.87 million, setting a record for the most expensive apartment sold in the neighborhood. The unit at Related Companies and Hudson Companies-developed 415 Main Street was listed for $2 million back in May, and sold last week, the listing broker told Bloomberg. The previous record for the area was $1.75 million for an identical apartment in the same building, according to the publication. The apartment has three bedrooms, […] |
Elliman’s Jason Walker says “former mentee” tried to steal his business Posted: 05 Sep 2017 09:45 AM PDT Real estate agent Jason Walker is still salty about the 14-month period during which his contract was terminated by the brokerages Compass and CORE. The Douglas Elliman agent, who last year filed a $6 million lawsuit against the venture-backed startup Compass, is now singling out an agent he claims to be his former mentee at CORE for allegedly trying to steal his clients. Walker’s attorney filed a notice in Manhattan state Supreme Court Friday seeking […] |
For new HQ, Deutsche Bank is eyeing 2 WTC and 50 Hudson Yards Posted: 05 Sep 2017 09:15 AM PDT Deutsche Bank is considering 2 World Trade Center and 50 Hudson Yards for a new headquarters when its lease expires in 2022. The banking giant is looking for 1.3 million square feet, and sent requests for proposals to Silverstein Properties and the Related Companies and Oxford Properties Group, the New York Post reported. Deutsche is headquartered at 60 Wall Street, the 50-story tower valued at $1.1 billion earlier this year when Singaporean sovereign wealth fund […] |
Joel Schwartz raises $85M in Tel Aviv IPO Posted: 05 Sep 2017 08:46 AM PDT Joel Schwartz raised $85 million in his first bond issuance on the Tel Aviv Stock Exchange on Monday, at a 6.75 percent interest rate. Schwartz upped the offer from $80 million to $100 million to meet investor appetite, and will seek to raise the remaining $15 million in a public tender. The bond was issued by Schwartz’s recently incorporated company, Noble Assets, and is backed by a portfolio of 27 multifamily properties in Brooklyn, with […] |
The week in luxury: A map of NYC’s priciest apartment sales Posted: 05 Sep 2017 08:20 AM PDT Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales. |
Steve Cohen really wants to sell his PH at One Beacon Court Posted: 05 Sep 2017 07:51 AM PDT Steven Cohen has re-listed his duplex at One Beacon Court, which is now asking a mere $57.5 million. |
Kushner Companies provides loan for Somerset’s massive Bronx project Posted: 05 Sep 2017 07:29 AM PDT Developer Kushner Companies expanded its debt book this week by lending $24.5 million to Keith Rubenstein’s Somerset Partners. |
De Blasio: People want city to determine which building goes where, what rent will be Posted: 05 Sep 2017 07:05 AM PDT Mayor Bill de Blasio said he and many New York City residents want the government to control every single new development in the city. |
Oh no! Luxury contracts drop to lowest level of the year Posted: 05 Sep 2017 06:37 AM PDT The last week of August lived up to its reputation as a real estate dead zone, with just 12 contracts signed at $4 million and above. |
Related just finalized a massive construction loan for 50 Hudson Yards Posted: 05 Sep 2017 06:04 AM PDT Related Companies has closed on a $1.5 billion senior construction loan for 50 Hudson Yards. |
Building manager who displayed Nazi posters arrested Posted: 05 Sep 2017 05:26 AM PDT A property manager who displayed Nazi and Confederate posters in his building’s lobby was arrested Sunday for allegedly harassing and stalking a tenant. Neal Milano, 70, is accused of repeatedly following a 43-year-old woman who lived at the condominium building at 47-55 39th Place, the Wall Street Journal reported. Milano, who served as the building’s property manager, also allegedly scared the woman by pulling on her arm at least once. The New York City’s Commission […] |
Why brokers are remaining faithful to StreetEasy (for now) Posted: 05 Sep 2017 04:30 AM PDT Despite the biggest firms cutting off StreetEasy, individual brokers are having a tough time abandoning the Zillow-owned portal. |
The Upper East Side’s co-op conundrum Posted: 05 Sep 2017 04:00 AM PDT When ex-hedge fund manager David Ganek and his novelist wife, Danielle, listed their duplex at the fabled Upper East Side co-op building 740 Park Avenue in 2014, they had their sights set on a profit of more than $24 million. The Ganeks paid $19.1 million for the four-bedroom pad, the childhood home of Jackie Kennedy Onassis, in 2005. When they went to sell nine years later, they listed it with a $44 million price tag. […] |
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 Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |
Loading...
Loading...