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Trailblazing Xerox exec buys Gramercy Park spread
In all the buzz surrounding the launch and subsequent rush of sales at Arthur and William Lie Zeckendorf’s 18 Gramercy Park, other Gramercy Park projects, such as Ian Schrager’s Gramercy Park Hotel...
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City expected to begin One57 crane rescue tomorrow
The city now has a plan to retrieve the dangling crane at One57, the Wall Street Journal reported. Work is expected to begin tomorrow — and will take an estimated 36 hours, according to the New York...
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Times Square shops can gross $8,000 per square foot: Vornado
Small retail tenants in the heart of Times Square earn as much at $6,000 to $8,000 per square foot in annual sales, a top executive with the landlord Vornado Realty Trust said on an earnings call...
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After storm, N.J. brokerages report influx of relocation calls
In the days after President Barack Obama and New Jersey Gov. Chris Christie toured the disaster zone left behind by Hurricane Sandy, developers, brokers and homeowners were beginning to assess the...
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Storm damages render 88 Greenwich uninhabitable
While power is expected back soon in Lower Manhattan, buildings are not yet ready to be inhabited. Among the buildings deemed unsafe: 88 Greenwich Street, Curbed reported. “The Department of Buildings...
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Newmark’s third quarter earnings boost BGC’s revenues to $440M
Newmark Grubb Knight Frank raked in $141.1 million in revenue during the third quarter. The third quarter earnings mark a slight decrease from the $144.1 million posted during the second quarter,...
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FiDi’s 2 Gold Street deemed unsafe, living among celebrities and trying not...
Storm damage on Midland Beach, Staten Island (credit: Gothamist)At 2 Gold Street, TF Cornerstone lets residents out of their leases, after the building is deemed unsafe. Faring worse in that borough...
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MLS adds short-term rental feature in Sandy’s wake
The New York State Multiple Listing Service is urging brokers and landlords to help augment its database of properties available for short-term rental. The request comes amid staggering demand from...
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Top residential agents of the week
Sources: Streeteasy.com and The Real Deal. Footnotes: Data is for closed deals filed with the city this week through Friday. The chart only includes sellers’ brokers, because buyers’ brokers’ names are...
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Some FiDi buildings may be shuttered for months
While many office and residential towers in Lower Manhattan are back in business, it may be weeks or even months before others are able to be occupied, the New York Times reported. With their...
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New luxury rental to rise in Boerum Hill
Looks like a new luxury rental property is in store for Boerum Hill. Brownstoner reported that the Department of Buildings has approved permits for an eight-story, 85-unit building at Bergen Street and...
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Construction at Alphabet Plaza’s $30 million luxury rental not deterred by Sandy
Construction crews braved the aftermath of Hurricane Sandy to start work at Alphabet Plaza, a vacant corner lot on the border of the East Village and the Lower East Side that is slated to become a...
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TRD’s South Florida Market Report is online
The Real Deal‘s South Florida Market Report is here. In it, we look at some of that region’s biggest commercial and residential deals, and as well as its key dealmakers. We also dish with the Donald,...
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Brooklyn’s tech triangle group chooses WXY to spearhead infrastructure plan
WXY Architecture + Urban Design has been chosen to head up a team of architecture, construction, engineering and policy firms that are designing a “master plan” to make a swath of Brooklyn friendlier...
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Brooklyn commerce sees boost in Sandy’s wake
Sandy’s silver lining: boosted business at Brooklyn bars. In the aftermath of the hurricane, which left tens of thousands of New Yorkers homeless, brownstone Brooklyn businesses actually saw a...
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FEMA could set up trailers to house thousands of displaced New Yorkers
The Federal Emergency Management Agency has started inspecting homes in Staten Island, Queens and Brooklyn in order to assess the needs for temporary housing in New York City, the New York Daily News...
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First Atlantic pays $19.2M for Soho rental
A 15,000-square-foot residential rental property in Soho has traded hands for $19.15 million, according to public records filed with the city today. The trade comes just over a year after the seller...
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Bloomberg appoints former OEM official to head housing recovery unit
Mayor Michael Bloomberg has appointed Brad Gair, a former deputy commissioner for the New York City Office of Emergency Management, as director of housing recovery operations for the city, the Mayor...
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Ralph Lauren to close two NYC stores
As Ralph Lauren does away with its Rugby brand, two of its locations — situated in popular downtown spots — could soon hit the market, Crain’s reported. One of the locations is a 2,500-square-foot...
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Empire State Building glows blue for Obama, OEM post-disaster housing units...
[caption id="attachment_212940" align="aligncenter" width="575"] The Empire State building goes blue following the announcement of President Obama's reelection (source: MSN)[/caption]Empire state...
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