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Downtown leads Manhattan office leasing in Q3: Cushman
From left: 120 Wall Street, 17 Battery Place North and Cushman & Wakefield’s Tara Stacom Downtown was the sole submarket in Manhattan to see a positive rate in the sales and leasing of office...
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Trump lambasts Schneiderman over tactics in University suit
From left: Eric Schneiderman and Donald Trump Barely missing a beat between sharp-tongued attacks on New York State Attorney General Eric Schneiderman, the Donald has filed court papers mocking his...
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Good Property plucks rare conversion spot on Bond Street
From left: Joshua Gurwitz and 31 Bond Street Joshua Gurwitz’s Good Property picked up 31 Bond Street in an off-market sale and will likely transform the property into one of the nabe’s many new luxury...
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Willets Point owners eye Hunts Point, Maspeth relocations
From left: Body shops in Willets Point and a rendering of the Willets Point redevelopment Soon-to-be-displaced business owners in Willets Point have one eye on the Bronx and another on Maspeth as...
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Vornado wraps up $450M refinancing of 11 Penn Plaza
11 Penn Plaza Steven Roth’s Vornado Realty Trust has pocketed a cool $107 million with the completion of a $450 million refinancing of 11 Penn Plaza, the real estate investment trust said. The...
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L&L Holding, Beacon sell 195 Broadway
195 Broadway and David Levinson L&L Holding Company and Beacon Capital Partners have sold the 29-story office building at 195 Broadway to institutional investors. The property, located between...
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Editor’s note: What you liked in 2013, and what’s ahead
Stuart Elliott From the December issue: Will the good times roll, all the way into 2014? That’s the question on the minds of those in New York real estate, after a year in which price records were...
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Retail property sales triple since start of 2013
Adelaide Polsinelli Retail property sales hit $445 million in the third quarter, up three times from the first quarter of this year, according to a December market report from commercial brokerage...
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Philip Seymour Hoffman and John Leguizamo join fight against NYU expansion,...
Miley’s new digs 1. Philip Seymour Hoffman, John Leguizamo join faculty fight against NYU expansion [Press Release] 2. “Modern Robert Moses” Samuel Hornick retires after four-decade career [NYT] 3....
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Swig drops suit against JPMorgan over 90 Broad deal
From left: Kent Swig and Jamie Dimon Developer Kent Swig has given up the ghost at 90 Broad Street. Shortly after losing a bid to force JPMorgan Chase to postpone the $126 million sale of his former...
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Judge OKs Savo Brothers’ $15M deal for Mount Manresa
Nicole Malliotakis and Mount Manresa An acting state judge has ruled in favor of a $15 million cash sale of a Jesuit retreat in Staten Island to the Savo Brothers development firm. Last month, the...
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The Mark unit undergoes third price cut, four years on
25 East 77th Street Sales at the Mark Residence continue to struggle, with one unit now down to 75 percent of the original ask. The 4,788-square-foot, 10-room residence at 25 East 77th Street first hit...
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Clarion selling stake in Apple’s Meatpacking building
Clarion’s Stephen Furnary (inset) and 401 West 14th Street The international investment firm Clarion Partners has put up for sale its minority interest in the three-story Apple store building in the...
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Disparate retail tenants have similar outlook on holiday sales
From left: 967 Madison Avenue and 2115 Pitkin Avenue Retailers have measured hopes for this holiday season’s sales — whether their shops are in $2,000 per square foot spaces along Madison Avenue or $20...
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Blackstone ups Hilton IPO to new $2.4B record
Jonathan Gray and 1335 Sixth Avenue Private equity firm Blackstone Group is closer to narrowing down exactly how much it plans to raise in Hilton Worldwide Holdings’ initial public offering. Its goal...
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HAP to build Chelsea mid-rise apartment complex
Rendering of 215 West 28th Street and Smithfield HAP Investment Developers has unveiled its designs for a 117-unit, 21-story apartment building in Chelsea that will replace longtime soccer pub...
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Brian De Palma picks up Hamptons house for $3M
From left: Brian De Palma, 82 Pantigo Road and Kelly O’Halloran Visceral filmmaker Brian De Palma bought a 3,500-square-foot, two-story East Hampton beach house for $2.95 million. The four-bedroom,...
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Kushner buys Williamsburg rental from PMG for $34M
Jared Kushner, Kevin Maloney and 50 North 1st Street Kushner Companies, the Midtown-based investment and development company headed by real estate wunderkind Jared Kushner, has racked up another...
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Penn South co-op board evicts Airbnb, Roomorama devotee
321 Eighth Avenue A resident of Penn South, a 2,820-unit affordable housing co-op at 321 Eighth Avenue in Chelsea, is facing eviction after renting out his terrace to someone later revealed to be a...
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