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Crown-led JV sells Lower Manhattan retail condo for $70M
Haim Chera of Crown Acquisitions and 170 Broadway Crown Acquisition, the Carlyle Group, Tribeca Associates and Highgate Holdings are in contract to sell a 20,000-square-foot retail condominium near the...
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Ota exits Newmark Grubb Knight Frank, goes to Cushman
Kenji Ota Former Newmark Grubb Knight Frank managing director Kenji Ota has jumped ship for Cushman & Wakefield, according to a press release from Cushman. Ota joined Cushman as an executive...
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Nonprofit sells off UES school, arousing community’s ire
From left: 350 East 88th Street and 1919 Prospect Avenue Nonprofit organization the Children’s Aid Society is selling the Rhinelander Children’s Center to fund new construction for a charter school in...
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Commission advance firm Middlegate launches in NYC
Ashley Joffe From the February issue: Low-cost commission advance firm Middlegate Funding launched operations in the New York City market on Jan. 15, offering up the firm’s services to Big Apple...
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Engineer explains how 432 Park stays up, a sneak peak at Jonathan Butler’s...
From left: 432 Park Avenue and Silvian Marcus 1. Mastermind behind 432 Park Avenue explains how the 1,400-foot-high tower stays up: VIDEO [Curbed] 2. Sneak peak at Jonathan Butler’s mixed-use project...
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27k apartments added to city’s list of worst buildings
From left: 812 East 223rd Street, 712 West 180th Street and 2158 Dean Street As sparkling new luxury dwellings sprout around the city, buildings slapped with the honor of being listed on the Department...
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Seagram Building Picasso could be destroyed in renovations
From left: Picasso’s “Le Tricorne” and the Four Seasons Restaurant Picasso’s “Le Tricorne,” a 19-foot high canvas that has called the Four Seasons Restaurant lobby home for more than 50 years, is in...
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Port Authority budgets billions for airports, WTC
Port Authority vice chair Scott Rechler and Terminal 3 at JFK Airport in Queens The Port Authority of New York and New Jersey earmarked $8 billion of its 10-year capital budget to extensively renovate...
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Wilpon nephew picks up $4M Tribeca pad
From left: Scott Wilpon, Clara Samuelsson and 37 Warren Street Scott Wilpon, nephew of Sterling Equities founder and Mets majority owner Fred Wilpon, has snapped up a three-bedroom pad at Tribeca’s 37...
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Asking price on Museum Tower condo dips below $10M
From left: interior, exterior of Museum Tower at 15 West 53rd Street Originally listed for nearly $15 million, a condominium on the 48th floor of a glassy “white-glove” Midtown tower is now priced at a...
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US mortgage rates fall to three-month low
Walter Schmidt As investors increasingly snatch up government bonds, average mortgage rates last week hit a lowest level since November. The average rate on a 30-year fixed-rate mortgage dropped to...
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Coworking space provider the Yard signs at 234 Fifth
234 Fifth Avenue and the Yard at 33 Nassau Avenue In another sign of the surging interest in shared-office space, Kenart Realties signed the Yard to the full office component at 234 Fifth Avenue at...
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Massachusetts case could roil land trusts in New York City
From left: Parcel of New England Forestry Foundation-owned land and a gavel A number of cases aiming to exempt land trust-owned properties from tax obligations could impact how such situations are...
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Williamsburg’s Zazza Residential sells for $40M
From left: East End Capital’s David Peretz, Jonathon Yormak and 424 Bedford Avenue East End Capital and KBS are shelling out just under $40 million for Williamsburg’s condo-turned-rental Zazza...
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What’s in a name? Candy brothers look to license theirs
Nick and Christian Candy Candy & Candy, the design firm side of the Candy brothers’ real estate development business, said on Tuesday they will license their name to projects globally — much the...
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Sherwood reveals 500 West 21st Street renderings
Renderings of 500 West 21st Street The long-stalled residential condominium project at High Line-adjacent 500 West 21st Street is gathering steam — the property’s teaser site appeared Wednesday. The...
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Manhattan retailers jam Bedford Ave. as Brooklynites flee
From left: 218 Bedford Avenue and 340 Bedford Avenue As retail rents continue their skyward trajectory along Williamsburg’s Bedford Avenue, local shops are departing for other Brooklyn locales and...
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Weisbrod top contender to succeed Amanda Burden: sources
Bill De Blasio and Carl Weisbrod Veteran real estate executive Carl Weisbrod, a partner at HR&A Advisors, is being eyed to fill Amanda Burden’s shoes as the new chair of the City Planning...
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Midtown fiction haven to sell for $18M
17 East 47th Street Nonprofit library the Center for Fiction plans to sell its eight-story Midtown townhouse for $18 million, according to a petition filed in New York State Supreme Court. The...
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“Starbucks of South Korea” plans huge city expansion
Blu Realty Group’s Andy Kim and Caffé Bene location at 1611 Broadway A popular South Korean coffee and pastry franchise chain with more than a thousand locations in Asia is planning an aggressive...
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