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Modern Spaces to market Five27 condo in LIC
Modern Spaces has been tapped to exclusively market the Five27 condominium in Long Island City, The Real Deal has learned. Sales at the four-story property, at 5-27 51st Avenue between Vernon Boulevard...
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Grand Central owner teams up with ESB investors in blocking settlement...
Andrew Penson, the owner of Grand Central Terminal, has teamed up with the group of Empire State Building investors seeking to block the settlement of a class-action suit against Malkin Holdings for...
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Dorm project upsets East Village residents
East Villagers are renewing their fight to have a vacant school in the neighborhood converted into low-income apartments or a community center — not a college dorm, the Local reported. Last week,...
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Harlem Victoria Theater redevelopment to break ground late this year
Harlem’s Victoria Theater is finally getting a makeover, Real Estate Weekly reported. The building on 125th Street, designated a city landmark in 1993, will be transformed into a mix of hotel rooms,...
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London hoteliers ink land lease on West 56th Street
Tim and Kit Kemp, the British husband-wife team behind the Crosby Street Hotel at 79 Crosby Street, have inked a deal to build another hotel in New York City, sources told The Real Deal. Firmdale...
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At the desk of Kalmon Dolgin
Kalmon DolginFrom the February issue: For four generations, the Dolgin family has run Kalmon Dolgin Affiliates, a commercial brokerage and property owner founded in 1904. The Brooklyn-based company,...
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Vornado refinances 666 Fifth retail, Windsor Terrace Key Food to make a...
Aerial shot of the Brooklyn Navy Yard Bronx tenant invokes loft law for the first time. Vornado completes $390M refinancing of 666 Fifth Avenue retail condo. Windsor Terrace Key Food to share space...
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Hersha Hospitality Trust reports strong fourth quarter for NYC hotels
Hersha Hospitality Trust is reporting a strong fourth quarter for its 15 New York City hotels, despite regulatory delays and setbacks related to Hurricane Sandy. Hersha officials, in a conference call...
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Deal for LIC penthouse breaks Queens price record
An all-cash deal for a penthouse at The View in Long Island City has broken the record for the highest price paid for a condominium in Queens, The Real Deal has learned. The property, at 4630 Center...
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Top stories
Top stories yesterday on The Real Deal: 1. Developer’s Fifth Avenue building proposal irks famous neighbors 2. Kushner extends E.Village buy frenzy in $29M deal 3. What I Did for the Gig: Adelaide...
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Bronx’s new Arbor House provides “green” affordable housing, Public Advocate...
Hudson River Park 1. Bronx’s new Arbor House provides “green” affordable housing [NYO] 2. Public Advocate accuses mayor of prejudice against outer boroughs [CBS] 3. Many borrowers face foreclosure,...
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Thor sues seller of Soho retail
Joseph Sitt Thor Equities has sued the owner of a Soho mixed-use building, alleging that by selling the building to SL Green Realty, the owner violated an exclusive agreement with Thor, Crain’s...
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Developers, faced with stratospheric land prices, forced to leave renters...
737 Park Avenue, which is being converted into luxury condos by Macklowe Properties New York City developers made a madcap dash to secure property sites in 2012, and with prices continually inching...
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Architecture review: The Stone curse
P.S. 199 at 270 West 70th Street Poor Edward Durell Stone! Though Stone was one of the most original American architects of the post-war era, his name is heard these days only when someone is trying to...
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Eight restaurants sign leases at Brookfield Place
A rendering of the new retail shops at Brookfield Place Brookfield Office Properties announced yesterday that it has inked deals with eight casual eateries for its marquee Brookfield Place complex. The...
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Meet the landlord: Brenda Rosen
Brenda RosenFrom the February issue: Common Ground is not a traditional landlord. What’s the organization’s mission? The mission is to end homelessness for New Yorkers. We do that through the...
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Willis Group CEO lists UES home for $32M
Willis Group Holdings CEO Joseph Plumeri and his home at 995 Fifth Avenue Joseph Plumeri of Willis Group Holdings has listed his 8,360-square-foot Fifth Avenue cond-op in the old Stanhope Hotel for...
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Kima Zabete inks 10,000-sf deal at 477 Broome
477 Broome Street and 96 Greene Street Fashion designer Kima Zabete is moving two blocks — from Greene Street to Broome Street — to get a little more room for her growing business, the New York...
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Risky Trump Palace sublet costs piano talent his $140K instrument
The Trump Palace, Dong-Hyek Lim and a Yamaha grand piano World-class pianist Dong-Hyek Lim is playing the blues over his $140,000 concert instrument, which mysteriously went missing from the Trump...
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Priciest, cheapest units to hit the market
From left: 995 Fifth Avenue and 1901 Madison Avenue Sabrina Saltiel of Douglas Elliman has the week’s priciest listing to hit the Manhattan market, according to Streeteasy.com. The full-floor listing,...
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