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Time Equities gives huge rent break to gov’s office, city agency
Francis Greenburger and 633 Third Avenue Time Equities is giving a sweet deal to two of its Midtown East tenants, saving millions of dollars in rent for the governor’s office and the city of New York,...
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YouTube is opening first NYC studio in Chelsea
YouTube’s studio in Tokyo, Japan (Photo by fumi via Flickr) YouTube will open a 25,000-square-foot creative studio space in Chelsea next year, DNAinfo reported. The studio, to be located at 22 West...
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Red flags for real estate: Are dark clouds looming?
Manhattan From the August issue: In a Wall Street Journal op-ed last month, Boston Properties Chairman Mort Zuckerman voiced concerns about the economy, and especially the listless growth of the job...
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Hedge funder sells 15 CPW unit on the QT for $29M
15 Central Park West Hedge funder Zachary Jared Schreiber has quietly unloaded his three-bedroom apartment at 15 Central Park West for $29 million, according to public records filed with the city...
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Speyer’s Rainbow Room at 30 Rock shows signs of life
Jerry Speyer and the Rainbow Room at 30 Rock The legendary Rainbow Room at Tishman Speyer’s 30 Rock is stirring once again, getting ready to come out of a four-year hibernation. Tishman Speyer is...
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David Marx buys back Javits Center hotel site for $30M
An aerial image of the site at 448 11th Avenue Real estate investor David Marx is taking another crack at a hotel dream that the recession shattered, paying more than $30 million for a site that his...
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Macklowe’s 737 Park must stop harassing Holocaust survivor
Harry Macklowe and 737 Park Avenue Harry Macklowe has been ordered by a judge to restore essential services at 737 Park Avenue for a Holocaust survivor who is a longtime resident of the controversial...
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Historic Chelsea row house fights city over penthouse addition
Hopper Gibbons House at 339 West 29th Street (center) The owner of a historic Chelsea row house is squaring off against the city in court today over the addition of a penthouse, DNAinfo reported. Tony...
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The truth behind all-cash deals: Post-sale mortgages
From the August issue: Cash remains king for buyers scrambling to get the edge in New York City’s heated housing market. But most aren’t really draining their rainy-day funds — not at all. They’re...
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Old Ridley store sells for $27M to condo developer
Michael DeCheser and the Orchard Street store at Orchard and Grand streets on the LES A developer known for converting old buildings into condominiums has paid $27 million for the former Ridley...
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Forest City traded donations for $2.6B in subsidies: report
Barclays Center and Forest City Enterprises’ David LaRue Forest City Enterprises has been mixing business and politics for the past decade, swapping $23 million in campaign donations for $2.6 billion...
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U.S. home prices climbing at fastest pace since 1977
Home price index, by percentage change year-over-year Home prices (including distressed sales) climbed 11.9% year-over-year in June, according to CoreLogic’s latest home price report. This is the...
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Landlords off the hook in paying prevailing wage
A judge has thrown out a New York City bill requiring landlords receiving at least $1 million in economic development aid to pay service workers a prevailing wage, Bloomberg News reported. New York...
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Secrecy at One57 and 432 Park stresses gulf between NYC brokers and owners
Say you are a Manhattan real estate developer, and you are trying to convince savvy apartment shoppers to buy in your building — at prices per square foot that are two, three and even five times the...
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Manhattan’s East Side starved for open space: report
East River Esplanade on the Upper East Side The East Side of Manhattan is facing a drought of open space, with two-thirds of residents unable to walk to a large park, according to a new report seen by...
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Minskoff nabs healthcare adviser for retooled 101 Sixth Ave.
Edward Minskoff and 101 Sixth Avenue (building image via PropertyShark) Edward Minskoff is on a roll with his 101 Sixth Avenue office building, signing another tenant, Crain’s reported. Healthcare...
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Hedge fund king’s homebuying spree sets tongues wagging
Steve Cohen From the August issue: SAC Capital Advisors founder Steven Cohen is at the center one of the biggest insider-trading cases ever. And the 57-year-old hedge-fund king — reports put his worth...
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Hotel world’s Pomeranc and partners unload Thompson name
Jason Pomeranc, Hollywood Roosevelt and pool at Thompson LES Hotelier Jason Pomeranc and his business partners are selling their interest in the boutique management chain that owns and operates the...
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TV star Ortiz lands at Elliman after KWNYC firing
Howard Lorber, Luis D. Ortiz and Dottie Herman Luis D. Ortiz, the newest star of “Million Dollar Listing New York,” has officially signed on to work at Douglas Elliman, he told The Real Deal...
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Blackstone wants to offer up $4.5B La Quinta chain
Blackstone CEO Stephen Schwarzman and La Quinta Inn at 17 West 32nd Street New York-based Blackstone Group, one of the country’s biggest property owners, is gearing up to sell the $4.5 billion-valued...
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