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Hines to spearhead $60M overhaul of Sandy-stricken 4 New York Plaza
4 New York Plaza Sandy-battered 4 New York Plaza has tapped developer Hines to carry out a $60 million overhaul of the building, the Wall Street Journal reported. The 1.07-million-square tower reopened...
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No “bumper-sticker” rhetoric, REBNY warns
From left: Bill de Blasio, Christine Quinn and Steven Spinola With affordable housing becoming a hot-button issue in the upcoming mayoral race, the Real Estate Board of New York is warning the...
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Cuomo extends FEMA deadline for Sandy victims
Andrew Cuomo Following the Governor Cuomo’s announcement that the city would spend $400 million to buy up homes damaged by Hurricane Sandy, storm victims are receiving some more good news. The...
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Booted National Arts Club president sues Gramercy shop in struggle for apartment
O. Aldon James, 15 Gramercy Park South and Warshaw Gramercy East Hardware A mom-and-pop hardware store is now caught up in the messy back-and-forth between Gramercy Park’s National Arts Club and former...
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Zeckendorfs pay record $600 per sf for air rights
From left: William and Arthur Zeckendorf (credit: Marc Becker) and Christ Church Developers William and Arthur Zeckendorf will pay a record $600 per square foot this week for air rights above their...
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Urban Compass puts out casting call for residential brokers, nabs Rudin...
Bill Rudin, Ori Allon and Joshua Kushner For months, tech blogs have speculated about the purpose of Urban Compass, the tech start-up that hired Citi Habitats veteran Gordon Golub earlier this year....
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Yeshiva unloads more office buildings
From left: 9 East 38th Street, Bob Knakal, 920 Broadway and John Ciraulo Yeshiva University has unloaded three more office properties for a total of $87.5 million, the New York Observer reported. The...
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NYC residential building permits up 19 percent
The number of residential permits issued by the New York City Department of Buildings rose by 19 percent in 2012, according to an analysis of U.S. Census data released by the New York Building...
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Starwood asks $60M for Baccarat penthouse
Barry Sternlicht and a rendering of the Baccarat tower Starwood Capital’s Baccarat-branded hotel and condominium tower in Midtown is asking $60 million for its top-floor penthouse, the New York...
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UES, Bay Ridge among NYC’s best neighborhoods to raise kids
The “Gingerbread House” at 8220 Narrows Avenue in Bay Ridge The Upper East Side is New York City’s best place to raise children, ranking first out of 59 neighborhoods in a new report by the Citizen’s...
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DelShah seeks hotel tenant for Meatpacking site, despite ownership dispute
From left: Michael Shah, 55 Gansevoort Street, a proposed rendering and Jeffrey Julien With an ownership dispute ongoing, DelShah Capital is planning to lease a vacant Meatpacking District building to...
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Check out Luxury Listings NYC!
Be sure to check out The Real Deal‘s newest publication, Luxury Listings NYC. This glossy magazine features the most expensive and unique residential property listings the city has to offer, with...
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In their words…
From the February issue: In their words... is The Real Deal's round up of the month’s funniest and most insightful comments on real estate. This month's edition includes musings and wisecracks from...
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Restaurateur Elaine Kaufman’s penthouse sells for $2M, Centaur Properties...
A glimpse inside the Minus5 Ice Bar (source: DNAinfo) 1. A financier who frequented Elaine’s pays $1.92 million for the late restaurant maven’s Upper East Side penthouse [NYP] 2. Landlord Centaur...
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Macklowe’s 737 Park Avenue backs off bed-and-breakfast lawsuit
From left: Harry Macklowe, 737 Park Avenue and Elizabeth Murray The developers of 737 Park Avenue, a new condo conversion project led by real estate mogul Harry Macklowe, are ending a legal fight with...
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Sales launch at Sky View Parc’s final tower
From left: the exterior of Sky View Parc and the interior of a penthouse unit The final tower at Sky View Parc, the massive mixed-use project looming over Flushing, Queens, has hit the market,...
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L.I. developer arrested after failing to pay $215K
From left: Eric Schneiderman, Deborah Mohring and 711 Willis Avenue A Long Island developer was arrested on contempt charges Tuesday morning and could spend five days in jail after failing to pay...
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Top stories
Top stories yesterday on The Real Deal: 1. Urban Compass puts out casting call for residential brokers, nabs Rudin investment 2. Meatpacking’s Standard Hotel may sell for $300M 3. Lloyd Goldman buys...
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Pier 42 park will open in May, Joe Sitt is key investor in 151 Wooster St. …...
“Avenue of Puerto Rico” in East Williamsburg 1. Pier 42 park will open in May [Curbed, 1st item] 2. Joseph Sitt’s Thor Equities is key investor in 151 Wooster Street retail space [NYP] 3. FEMA releases...
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Insurer leases 120,000 square feet at Manhattan’s largest office tower
55 Water Street at center Liberty Mutual has inked a 10-year deal for 120,000 square feet at 55 Water Street in the Financial Distrct, Crain’s reported. The deal effectively doubles the insurance...
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