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Starwood close to selling Baccarat for record $2M per room
Renderings of the Baccarat at 20 West 53rd Street and Barry Sternlicht Barry Sternlicht’s Starwood Hotels & Resorts Worldwide is in late-stage talks to sell the forthcoming Baccarat hotel for $200...
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MetLife said to be in talks to consolidate at Tishman’s 200 Park
MetLife Building at 200 Park Avenue in Midtown (Inset: Jerry Speyer) MetLife is negotiating a lease for a 90,000-square-foot space at Tishman Speyer’s 200 Park Avenue, the 3 million-square-foot office...
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The Wrap: Inside Madison Ave. rebuild, tax break critics say IT firms never...
Renderings of 33 East 74th Street and retail at 935 Madison Avenue (credit: Neoscape) 1. Inside the remaking of Madison Avenue amid Met arrival [NYT] 2. LA Fitness CEO is potential buyer of $41 million...
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Development highlights from Soho, Midtown … and more
325 Lexington Avenue From the December issue: The Real Deal compiled this month’s development and leasing updates. [more]
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Schneiderman joins other AGs to tout fair housing act
Eric Schneiderman New York Attorney General Eric Schneiderman and attorneys general from 16 other states plan to request today that the U.S. Supreme Court uphold longstanding interpretations of the...
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Artist Hunt Slonem exiting Hudson Yards for Sunset Park
From left: Hunt Slonem (blacktiemagazine.com), Carri Lyon and 14 53rd Street in Brooklyn Noted artist and art collector Hunt Slonem is relocating his studio and offices to Sunset Park from Hudson...
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Moshe Piller paying $40M for 1369 Broadway
1369 Broadway in Midtown Moshe Piller is in contract to buy a six-story Midtown commercial building for north of $40 million from Sitt Asset Management and Sutton Equity. The firm plans to extend the...
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What’s hot on TRD Social right now
1. Greystone nets big profit with sale of West Village townhouse 2. Manhattan’s 10 most expensive retail leases of 2014 3. What top Miami developers are predicting for 2015 Like The Real Deal on...
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Top 10 building sales in South Florida in 2014
Lincoln Lane North rendering (credit: Terranova) From the South Florida website: Institutional real estate investors paid record breaking prices to acquire South Florida’s most sought after trophy...
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Court tells Harry Macklowe to pay former partner $30M
From left: Harry Macklowe and Rolando Acosta An appellate panel has affirmed a Supreme Court justice’s granting of a summary judgment against Harry Macklowe after a long-running legal battle between...
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Building costs in US rising at record pace: report
Construction site (Photo: Pedro Moura Pinheiro on Flickr) Construction costs in the U.S. hit a record level after declining slightly in 2008, according to a report by property and construction firm...
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For South St. Seaport tower, less is less: Architecture review
Rendering of South Street Seaport tower (Credit: SHoP Architects) SHoP Architects seems to be everywhere these days, but nowhere is the firm’s presence felt more keenly than around South Street...
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Moinian’s Hudson Yards office tower to cost $1.6 billion: filing
From left: Joe Moinian and 3 Hudson Bouelvard Photo by STUDIO SCRIVO The Moinian Group estimates it will cost $1.6 billion to develop its 1.7-million square-foot Hudson Yards office tower, 3 Hudson...
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AMC Networks expands to 330K sf at Vornado’s 11 Penn Plaza
From left: Roger Sterling (John Slattery) as Santa on “Mad Men,” 11 Penn Plaza and Mary Ann Tighe AMC Networks, which airs TV series such as “Mad Men” and “The Walking Dead,” is expanding by 40,000...
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The Wrap: Plaza condo gets $15M price chop to $35M, former General Motors...
Plaza at 1 Central Park South 1. Plaza condo gets $15 million price chop to $35 million [Curbed] 2. Former General Motors plant in Westchester County sold for $50 million [NYP, 3rd] 3. Harbor Picture...
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Happy holidays from The Real Deal!
In honor of the Christmas holiday, we won’t be posting on Thursday (but we’ll keep our eyes peeled for breaking news). The Real Deal wishes you and your family a safe and happy holiday. Be sure to...
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The Wrap: New look at a NoMad hotel, a definitive guide to all the “Home...
One of the New York City locations on “Home Alone 2″ 1. Spying on listings [NYT] 2. New apartment building to replace Williamsburg diner [Brownstoner] 3. A new look at a 19-story NoMad hotel [NY YIMBY]...
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Google in talks for office at ex-marine terminal in Chelsea
From left: Sergey Brin, Larry Page and the former marine terminal building at Pier 57 (Credit: Young Woo & Associates) Google is in preliminary talks to lease a portion of the former Marine and...
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Auction.com sued for alleged use of shill bidder
California real estate Auction.com is being sued for allegedly inflating the price of one of its online listings through the use of a shill bidder. Google invested $50 million in the site in March,...
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For thousands of US short-sellers, a big gift
For David Foster of Chicago, it was a stunning and welcome early Christmas present for him, his wife and three young children. The Senate’s 11th-hour extension of the Mortgage Forgiveness Debt Relief...
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