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Slow commercial leasing could continue until next summer, execs say
Vacancy rates have surged in all three of Manhattan’s office leasing markets, after a number of chunks of space came online in the last quarter, said executives at Avison Young’s 2013 Crystal Ball...
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Townhouse flipper sells “dollhouse” home for close to $19M asking price
If you’ve ever wanted to own a life-sized dollhouse, you may have missed your chance. Property flipper Janna Bullock has found a buyer willing to pay close to her $19 million asking price for a gutted...
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NYC brokers’ confidence on the upswing: REBNY
After a post-Sandy dip, New York City real estate brokers have expressed renewed confidence in the real estate market, according to the first ever Broker Confidence Index released by the Real Estate...
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Crane collapses at TF Cornerstone tower, causing multiple injuries
[caption id="attachment_223045" align="alignright" width="300"] Image courtesy Larry Dusseau[/caption] A crane collapsed today at a TF Cornerstone luxury rental site in Long Island City, injuring...
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Government briefs: TRD’s roundup of news from the public sector
From the January issue: In this month’s round-up of the biggest government stories affecting New York real estate, The Real Deal looks at the ground breaking of Related’s Hudson Yards Project, attended...
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How West 57th Street was won, High Line becomes popular NYC date spot … and more
The High Line How West 57th Street transformed itself into a “billionaires belt." Isn’t it romantic? High Line is New York’s No. 1 date spot. New Census Bureau numbers show that nearly 4% of the...
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Landlords double asking rent in Times Square Bowtie: Cushman
Asking rents in the bustling center of Times Square more than doubled over the last year, pulling even for the first time with the city’s most expensive district on Upper Fifth Avenue, commercial firm...
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Kelly Ripa lists duplex penthouse for $24.5M
Talk show host Kelly Ripa has listed her 76 Crosby Street duplex condominium penthouse for a cool $24.5 million, Curbed reported. The listing is a co-exclusive between Adam Modlin of the Modlin Group...
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Manhattan’s Q4 rental market: it was the best of times, it was the worst of...
The Manhattan rental market continues to display a “strange dichotomy,” as Douglas Elliman’s director of rentals Mark Menendez put it, with rents unseasonably strong at the high end, and both renters...
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Thor battles condo board over signage
Thor Equities won a temporary restraining order against Fifth Avenue Tower. The order, issued late Wednesday, blocks the condominium board at the 33-story apartment building from taking down Thor’s...
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Toll Brothers pays $56M for Soho site, but plans hinge on Hudson Square rezoning
Toll Brothers has picked up a two-story West Soho parking garage, primed for redevelopment as a residential building, for $56.5 million, marking the second of two prospective condominium sites the...
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Top stories
Top stories yesterday on The Real Deal: 1. Inside the record-setting, no-contract purchase of Soho’s 529 Broadway 2. 56 Leonard secures $350M construction loan 3. 15 CPW spread trades for $32.5M [more]
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Getty snags Huxtable archives, Sundance to come to Brooklyn? … and more
The Sundance Film Festival may head to BrooklynGetty Museum snags Ada Louise Huxtable's archives. Is the Sundance Film Festival heading to Brooklyn? NYC real estate giants weigh in on Sandy, leasing...
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Mortgage modification fraud by attorneys on the rise
When a home owner is seeking a loan modification, they often assume hiring an attorney is their best bet. Increasingly, though, attorneys are lending their names to fraudulent mortgage modification...
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HRA inks 175K sq foot lease in Bronx’s Hunts Point
New York City’s Human Resources Administration has signed a 175,000-square-foot lease in the Hunt’s Point section of the Bronx, the Wall Street Journal reported. The HRA will move into a complex of...
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City Council approves landlord repair bill
[caption id="attachment_222864" align="alignright" width="135"] Speaker Christine Quinn[/caption] The City Council unanimously approved a new bill Wednesday aimed at cracking down on landlords who...
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Nassau County plans 5M square foot biotech complex in Islanders Coliseum area
[caption id="attachment_223427" align="alignright" width="100"] Don Monti[/caption] Long Island politicians and developers are in talks to develop a 5 million-square-foot biotech campus in the vicinity...
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A ‘Swift’ takeover
From the January issue: When Joan Swift was 20, she made the first of many abrupt career changes. She’d just secured a spot in a Ph.D. program for psychoanalysis at Manhattan’s Postgraduate Center for...
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Strike Holdings renews, expands 545 Madison lease
Strike Holdings Group, a financial services firm, has both renewed its lease and doubled its footprint at LCOR’s 545 Madison Avenue, the New York Observer reported. The deal is a 10-year lease for...
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Townhouse that was Carroll Gardens’ priciest listing sells for $4M
A four-story, 22-foot-wide townhouse located at 356 Sackett Street in Carroll Gardens, Brooklyn has traded hands for just over $4 million, Brownstoner reported. And according to the site, this property...
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