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FEMA inks 200,000-square-foot Queens lease
The Federal Emergency Management Agency has inked a 200,000-square-foot lease at Forest Hills Tower in Queens for its New York City headquarters, according to a release from Muss Development, the...
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Prime Fifth Ave. co-op hits foreclosure block
A co-op unit located inside 1016 Fifth Avenue at East 83rd Street is on the foreclosure block, Curbed reported. The unit in question is No. 8N, and could be worth more than $3 million. The foreclosure...
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Financial District not likely to see mass exodus of commercial tenants
Despite the Financial District’s current state of water pumping, closed buildings and workers in Hazmat suits walking down the streets, analysts don’t think that Hurricane Sandy damage will cause...
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Ronson heirs yank $72 million Fifth Avenue apartments off the market
The former home of deceased British real estate developer Howard Ronson, which hit the market in May for $72 million, is no longer for sale, the New York Observer reported. Ronson’s heirs, who spend...
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Commercial space available Downtown at highest point in two years: CBRE
The amount of space available in the Downtown market rose to its highest level in nearly two years, as more than 2.9 million square feet officially hit the leasing market, figures released today by...
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Does diversity mean faster home price increases?
It appears that the more diverse a neighborhood, the faster the real estate prices rise, according to Trulia, which took a look at the most diverse metropolitan areas and neighborhoods across the U.S.,...
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TRD launches first-ever South Florida Market Report with roundtable discussion
The Real Deal is holding a roundtable discussion and party at the Vizcayne condo tower, at 244 Biscayne Boulevard in downtown Miami, on Thursday evening. The event comes on the heels of TRD‘s...
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Brokers said to demand extra fees to place HIV-positive tenants
The city and state are investigating five unnamed real estate brokers after receiving complaints that they were demanding money on top of the regulated fee set by the city to place HIV-positive tenants...
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LES hotel inventory to triple over the next few years
For years the Lower East Side has been changing from a low-income immigrant neighborhood into a chic playground for young professionals. But with 13 new hotels in the pipeline — tripling the number of...
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Sitt nabs Burkle’s Meatpacking building for $100M
Grocery/real estate/private equity tycoon Ron Burkle has flipped his Meatpacking District property — he owns a majority interest in the building, which houses such retailers as Scoop boutique — for...
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Mortgage-interest deduction on the table as fiscal cliff draws near
With the so-called fiscal cliff on the horizon, lawmakers are considering a number of revisions to the mortgage interest tax deduction, the largest housing-related subsidy in the U.S. tax code, CNBC...
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Alfa acquires Midtown South hotel for $28.6M
Alfa Development picked up the Hotel Grand Union in Midtown South for $28.6 million, or just under $320,000 per room, Crain’s reported. Although Alfa does not plan to change the branding of the 90-room...
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EAR NYC, brokerage founded by Corcoran alum, opens its doors in Midtown West
From the November issue: Sounds like there’s a new residential real estate brokerage in town. The new firm, EAR NYC, was founded in late September by former Corcoran Group broker Reale Rose. EAR...
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Corcoran launches redesigned website
The Corcoran Group launched a redesigned website this week; the new site adds functionality, integrates social media and aims to improve user experience on mobile devices. Instead of just posting a...
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Skyline’s Orin Wilf dishes on 200 East 79th Street project, Catsimatidis...
Red Hook FairwayAfter Sandy, Red Hook’s Fairway market rebuilds. Rent a mega mansion. In Downtown Brooklyn, demolition begins at site where the new residential tower Oro 2 is set to rise. The New York...
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Knickerbocker Village tenants to get rent refund
Knickerbocker Village residents who have not had power, heat or running water in the two weeks since Hurricane Sandy will get a rent refund, DNAinfo reported. Twenty five feet of flood water broke...
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Zeckendorfs’ 50 UN Plaza breaks ground: PHOTOS
Arthur and William Zeckendorf Zeckendorf Development and Global Holdings broke ground today on an 87-unit condominium near the United Nations, inviting real estate executives and politicians to...
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Tri-state area sees spike in foreclosures
Even before Hurricane Sandy wreaked havoc in New York, New Jersey and Connecticut, the states were faced with dramatic increases in foreclosures, Bloomberg News reported today. October default, auction...
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Federal Housing Administration may take unprecedented step of relying on...
The Federal Housing Administration is expected to announce that rising mortgage delinquencies could exhaust its reserves, potentially leading the agency to rely on taxpayer funding for the first time...
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NYC sublet availabilities rose in Oct.: Cassidy Turley
Sublet availability in October rose to 9.8 million square feet, Robert Sammons, vice president of research at Cassidy Turley, wrote in the New York Observer. And even though a number of Downtown firms...
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