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Goldman and Morgan Stanley reach $557M deal in “robo-signing” case
Goldman Sachs and Morgan Stanley will shell out a combined $557 million to settle the federal government’s allegations that the banks foreclosed on homeowners who should have been allowed to stay in...
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David Duchovny and Tea Leoni’s home hits market for $9.3M
Though no longer a couple, David Duchovny and Tea Leoni have listed their triplex co-op home at 170 East 78th Street for $9.25 million, Curbed reported. Melissa Kaiser and Laurie Silverman at Stribling...
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Office vacancies on Sixth Avenue could reach 20-year high
As large office tenants either move or lay off employees, vacancies in the Sixth Avenue submarket could hit 12.5 percent—a 20-year high, Crain’s reported. The vacancy rate currently stands at 10.7...
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Bloomberg says Midtown East rezoning won’t poach Manhattan West tenants
Mayor Michael Bloomberg defended his decision to fast-track rezoning in Midtown East at the groundbreaking ceremony for Brookfield Office Properties’ Manhattan West megaproject yesterday, the New York...
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Bedford-Stuyvesant historic district proposal earns mixed reactions
[caption id="attachment_224287" align="alignright" width="300"] Bedford-Stuyvesant[/caption] A proposal to officially designate a historic district in an area of Bedford-Stuyvesant was met with mixed...
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Instagram: the next Pinterest?
From the January issue: Several times a day, Douglas Elliman Managing Director Fredrik Eklund uploads images to Instagram, the popular photo-sharing platform recently purchased by Facebook for $1...
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What the center of the Manhattan market looks like, Vornado sues DSW over...
The interior of a home priced at the downtown average (source: Curbed) What you get at the very center of the Manhattan market. Vornado is claiming that DSW owes $500,000 in back rent for New Jersey...
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LES retirement home sells for $28 million
A Lower East Side retirement home at 15-17 Bialystoker Place has sold for $28 million to an undisclosed party, The Real Deal has learned. The sale was confirmed by Peter Von Der Ahe of Marcus &...
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Dilapidated wall falls at Ponte building in Tribeca
[caption id="attachment_224326" align="alignright" width="300"] 502 Canal Street[/caption] A wall of a nearly 200-year-old Ponte Equities building at 502 Canal Street collapsed Wednesday afternoon,...
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Three city boroughs see uptick in foreclosure activity in 2012
U.S. foreclosure filings — including default notices, scheduled auctions and bank repossessions — are down 3 percent year-over-year, according to a year-end foreclosure market report issued by...
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2 Gold Street residents could move home earlier than expected
Originally slated to move back home on Mar. 1 following damages sustained during Hurricane Sandy, tenants at 2 Gold Street will now likely be able to return two weeks earlier, Curbed reported. Building...
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Gander & White shipping company nabs 60,000 sf in Long Island City
Art shipping company Gander & White has inked a 60,000-square-foot lease in Long Island City, the New York Observer reported. The 10-year lease is for 45-11 33rd Street between Queens Boulevard and...
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In response to demand, biz schools beef up real estate programs
[caption id="attachment_224498" align="alignright" width="300"] Rutgers Business School[/caption] The demand for real estate education is rising in business schools, with many institutions offering new...
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City law aimed at curbing erotic massage parlors mostly burdens health clubs
[caption id="attachment_224510" align="aligncenter" width="575"] From left: 200 West 57th Street, 211 East 43rd Street, 11 West 36th Street, 202 West 40th Street and 23 West 56th Street[/caption]...
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New firm specializes in international clients
From the January issue: Milan-born, Monaco-raised and fluent in five languages, real estate broker Vanessa Gad recently noticed an unfilled niche in New York City real estate: a brokerage focusing...
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Musical chairs at tonight’s REBNY gala, Dolly Lenz’s tips for catering to...
An interior shot of the late photographer Lillian Bass's home (source: NYO) Who will be seated where at tonight’s REBNY gala. Brooklyn is too pricey and the zoning code is to blame, according to...
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Multi-family deals rose to $7.8 billion in 2012
Multi-family property transactions accounted for $7.8 billion in New York City real estate deals in 2012, according to a report by Ariel Property Advisors, a 54 percent increase from the previous year....
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44 Wall Street owners battle Swig lawsuit over FiDi tower stake
[caption id="attachment_224551" align="alignright" width="300"] Kent Swig and 44 Wall Street[/caption] The majority owners of 44 Wall Street have asked a judge to dismiss a lawsuit filed by affiliates...
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Brokers mostly upbeat at REBNY’s 117th annual banquet: PHOTOS
Honorees of tonight's REBNY banquet, from left: REBNY President Steve Spinola, Dick Concannon of Rudin Management, Mike Fishman of SEIU, William Montana of Studley, Woody Heller of Studley and Dottie...
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Consolidating its office space, Alterra inks 27,000 SF lease on Sixth Avenue
[caption id="attachment_224766" align="alignright" width="230"] 1185 Avenue of the Americas[/caption] Alterra USA Holdings has inked a 27,342-square-foot lease in SL Green Realty-owned 1185 Avenue of...
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