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The Real Deal - New York Real Estate News |
Linda had no role in Macklowe real estate empire, says Harry Posted: 19 Oct 2017 03:29 PM PDT There are few firsts left for a couple married for 57 years. But Linda and Harry Macklowe discovered one on Thursday, as the developer took the stand in their $2 billion divorce. Maybe it was the loud air conditioner, or Harry was low on energy. Either way, Judge Laura Drager asked, could he please speak up? “I’ve never heard [his voice] so soft,” quipped Linda Macklowe. “There are very few firsts left,” the developer responded, […] |
Japanese food hall to open in Industry City Posted: 19 Oct 2017 02:00 PM PDT First it was Eataly, and then it was Le District. |
Posted: 19 Oct 2017 01:30 PM PDT From the October issue: Real estate pros share their picks for books on the “machine age,” veganism and the Met’s last World Series win. |
Major finance firms are now targeting Brooklyn, says Industry City leasing director Posted: 19 Oct 2017 01:05 PM PDT Manhattan has long reigned as the financial center of the country. |
Resale prices decline for condos, rise for co-ops and townhouses Posted: 19 Oct 2017 12:00 PM PDT According to this week’s market reports, condominium resales are entering the market at 6.4 percent less than last year, and federal aid to high-income families is more than double what low-income families get. Residential Condo sales | PropertyShark Of the 10 top-selling condo buildings in New York in the third quarter, four were in Queens, including the Grand at Sky View Parc in Flushing, which topped the list. There were 92 units sold at a […] |
The little trick WeWork’s Adam Neumann uses to charm investors Posted: 19 Oct 2017 11:30 AM PDT Before WeWork’s Adam Neumann invites investors to his Chelsea HQ, he sometimes directs employees to “activate the space.” |
5Pointz trial will venture into uncharted legal territory: judge Posted: 19 Oct 2017 10:30 AM PDT Is graffiti an art — and does it need to be protected by the federal law? That’s the question at the heart of a trial that will determine whether developer Jerry Wolkoff has to pay damages to taggers whose works he destroyed at his 5Pointz site in Long Island City. This week, the trial in Brooklyn that will consider whether around 20 artists have a claim against the developer, who demolished his buildings and the […] |
Jackie O’s Hamptons home is under contract Posted: 19 Oct 2017 09:30 AM PDT The Hamptons home where Jackie Kennedy Onassis summered as a child has found a buyer at the reduced asking price of $30 million. The property, known as “Lasata,” is now owned by Tiffany’s chief creative officer Reed Krakoff, who paid $20 million for it in 2007, the New York Post reported. The property at 121 Further Lane has a six-bedroom home that features five-and-a-half bathrooms. There’s also a large pool, formal gardens and a guest […] |
Blackstone president still sees opportunity in US real estate Posted: 19 Oct 2017 09:00 AM PDT The U.S. real estate market may have slowed down, but Blackstone Group president Tony James still sees plenty of opportunities for profit. “Real estate is a gargantuan market,” he said during the company’s quarterly earnings media call Thursday. “There are always undermanaged assets.” Blackstone has been investing heavily in logistics real estate, hoping to capitalize in the rise of online retail, and James indicated more acquisitions are possible. “There’s just not near enough of it […] |
Work still halted on Fortis’ One Seaport project. And deadlines are looming Posted: 19 Oct 2017 08:30 AM PDT Nearly a month after a worker plummeted 29 stories to his death, the site at 161 Maiden Lane remains shut down. |
Katie Couric’s Park Avenue pad hits market Posted: 19 Oct 2017 08:00 AM PDT Journalist Katie Couric is selling her Park Avenue apartment for $8.25 million. |
An Indian billionaire, Rotem Rosen and Deutsche exec just launched a Manhattan real estate venture Posted: 19 Oct 2017 07:25 AM PDT Anand Mahindra, the billionaire head of Indian conglomerate Mahindra Group, has teamed up with Rotem Rosen and a Deutsche Bank executive to launch a real estate company focused on Manhattan properties. Called MRR Development, the firm plans to develop or reposition office, residential and hotel properties in Manhattan, targeting undervalued assets and holding over the long term, The Real Deal has learned. It wasn’t immediately clear how much the venture plans to spend on Manhattan real […] |
We’re cool, too! Marketers target Williamsburg residents ahead of L train shutdown Posted: 19 Oct 2017 07:00 AM PDT With the looming L train shutdown, landlords are trying to lure Williamsburg residents to other parts of Brooklyn and even New Jersey. |
Savanna finances Berkeley Building pickup with $92M loan Posted: 19 Oct 2017 06:45 AM PDT More than 50 prospective investors toured the Berkeley Building at 19 West 44th Street earlier this year before the sale went to Savanna Real Estate for $195 million. And now we know where Savanna’s leverage on the deal is coming from. Mesa West Capital provided a $92 million acquisition loan to the new owners of the World War I-era office tower, records filed with city Wednesday show. Savanna’s purchase of the building has now officially […] |
Police: Wannabe squatter tried to break into Keith Rubenstein’s mansion Posted: 19 Oct 2017 06:00 AM PDT A would-be squatter tried to break into Keith Rubenstein’s Upper East Side mansion to make the property his new home. |
Posted: 19 Oct 2017 05:30 AM PDT Q3 sales approach record levels in Fairfield County Home inventory tightened and sales improved to near record levels in Fairfield County in the third quarter, according to data prepared by real estate appraisal firm Miller Samuel for Douglas Elliman. Sales in Fairfield County hit the second-highest level in 11 years and inventory sunk to the lowest level in a third quarter in 12 years. The number of sales edged up 1.2 percent to 3,361. In […] |
These were the biggest Queens deals of the third quarter Posted: 19 Oct 2017 05:00 AM PDT A quartet of industrial sites nabbed the top four spots for the biggest sales in Queens during the third quarter, according to data compiled by Real Capital Analytics. The $78 million sale of Jamaica’s Ideal Business Center topped the list. It was followed by Home Depot’s $63 million purchase of a Coca-Cola bottling plant in Maspeth. And a pair of industrial sites near JFK Airport that Deutsche Bank’s real estate arm bought for $43.1 million […] |
Meet the little-known titan who built some of NYC’s most iconic properties Posted: 19 Oct 2017 04:30 AM PDT From the October issue: The Flatiron Building, the Plaza Hotel and One Times Square are some of New York City’s most recognizable properties. The developer behind them, however, has long been forgotten. Harry St. Francis Black, who was considered the country’s first national developer and at one point the “world’s greatest landlord,” oversaw the construction of those iconic buildings in the first quarter of the 20th century. Black established his firm — first known as […] |
How the supertall at 111 West 57th St. became a labyrinth of offshore wealth Posted: 19 Oct 2017 04:00 AM PDT In 2002, Andy Ruhan, a British real estate mogul and racecar driver, fell out of the sky. |
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