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Ranking Manhattan hotel owners
From the November issue: Hotel owners may award 2012 five stars. That’s because in the last year, Manhattan’s hospitality market has posted huge gains as tourists continued to flood the city and...
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NYC floodgates would cost billions. Some scientists insist they’re worth it
Malcolm Bowman, an oceanographer who has studied New York harbor for decades, and other hydrologists, says a multibillion-dollar barrier system — with floodgates at certain points such as along the...
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SL Green, Stonehenge secure 99-year lease at Morningside Heights...
Massey Knakal has arranged a 99-year lease at 1080 Amsterdam Avenue at 113th Street in Morningside Heights, the New York Observer reported. This is the same building for which SL Green and Stonehenge...
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Sold two years ago for $12.9M, UES townhouse, listed at $24M, is back in...
A single-family townhouse on the Upper East Side, which was listed for $14.9 million and sold for $12.85 two years ago, is again in contract, Curbed reported, and potentially for around its $24.25...
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Priciest, cheapest units to hit the market
From left: 116 East 61st Street and 70 LaSalle StreetThe most expensive home to hit the Manhattan market this week is a five-story townhouse located at 116 East 61st Street that has an asking price of...
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Financing after closing gains momentum in U.S.
A tight inventory of luxury homes nationwide has pushed potential buyers to look their best and one way to make a bid look spectacular is to offer all-cash. But paying up front doesn’t mean that these...
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Clifton Budd & DeMaria inks ESB lease
While the Empire State Building has been trimming its roster of tenants of late, it will be adding to that list the New York City law firm Clifton Budd & DeMaria. According to the New York...
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Reno completed at the Corbin Building
One of Lower Manhattan’s architectural gems — put in peril by the Fulton Street Transit Center — is finally emerging from its renovation, the New York Times reported. The Corbin Building, a nine-story...
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Fannie and Freddie suspend evictions, foreclosures in areas hard-hit by Sandy
In the wake of last week’s hurricane, Fannie Mae and Freddie Mac is expanding assistance to those whose properties were destroyed or sustained damage during the storm. Evictions and foreclosures will...
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Restaurants sales plummeted in Sandy’s aftermath, Danny Meyer says: VIDEO
Danny MeyerIn light of last week's storm, restaurant sales fell significantly last week, CBS News reported. Broken down, casual dining sales fell 30 percent and fine dining sales slipped 50 percent....
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Program spells relief for underwater homeowners
Though there are still some snares and drawbacks for participants, one of the federal government’s most important financial relief efforts for underwater homeowners started operation on Nov. 1. It’s a...
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Surveying FiDi’s ‘restricted’ commercial buildings
Many of Lower Manhattan’s large commercial landlords have been reluctant to provide information on how their properties fared in the aftermath of Hurricane Sandy, but recent assessments by city...
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Lightstone donates office space to businesses displaced by Sandy
The Lightstone Group has donated 11,309 square feet of office space at 1407 Broadway to businesses ravaged by Hurricane Sandy, Real Estate Weekly reported. The effort comes as part of a city program —...
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Going to press, as Sandy raged
From the November issue: I was going to write this month’s editor’s note about two forces — technology companies and international buyers — that brokers are counting on to save the New York City real...
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City program to fast-track hurricane repairs, 15 CPW vs. One57 … and more
Jose Cuervo Realtors sign (credit: AOL) Where Jose Cuervo sells homes. After flooding, Red Hook’s Fairway won’t reopen until next year. New city program aims to speed up hurricane-related repairs,...
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Judge tosses out case against Park51
Soho Properties CEO Sharif El-Gamal and a rendering of Park51 community center A state Supreme Court judge dismissed a suit by retired New York firefighter who alleged the proposed Park51 Islamic...
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Townhouse flipper lists UES townhouse for $25M
The Russian-born townhouse flipper Janna Bullock may be trying to take advantage of the surging interest in luxury properties by bringing several townhouses to market, one of which she pulled from the...
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Amid Park Slope redistricting, new school could occupy graveyard site
To ease overcrowding in Park Slope’s public elementary schools, the city is currently scoping out a space for a new Brooklyn public school. But the vacant lot being considered may be a historic...
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Lower Manhattan homes in demand — even after Sandy’s landfall
Hurricane Sandy hasn’t lessened the demand for Lower Manhattan residential properties, the New York Observer reported. Though it’s early to say what effect the storm will have on the Manhattan market...
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