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Macy’s inks extension with Vornado for 646K SF space at 11 Penn Plaza
Macy’s at 11 Penn Plaza Macy’s has inked a lease extension with Vornado Realty Trust for its 646,000-square-foot space at 11 Penn Plaza, GlobeSt.com reported The retailer—which is the 1.1...
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Russians see U.S. residential market as a ‘safe-deposit box’: VIDEO
Wealthy Russians are increasingly turning an eye toward the real estate market in the United States, CNBC reported. Edward Mermelstein, a prominent real estate attorney and developer, said that...
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NY–White Plains–Wayne foreclosures up in December: CoreLogic
Foreclosure rates in New York-White Plains-Wayne increased for the month of December over the same period last year, according to Corelogic’s National Foreclosure Report. The New York-White...
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Looking back: Trinity Church to sell much criticized residential holdings
Varick Street, where Trinity Corporation owned property From the February issue: The Trinity Corporation, the landlord for Trinity Church, announced plans to exit the residential ownership business on...
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Mortgage applications and interest rates down
The number of mortgage applications for the week ending February 27, 2013 decreased 3.8 percent on a seasonally adjusted basis from one week earlier, the Mortgage Bankers Association announced today....
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Michael Fascitelli steps down as Vornado CEO
Michael Fascitelli, 1540 Broadway and Steven Roth Office and retail landlord Vornado Realty Trust announced this morning that CEO Michael Fascitelli is leaving the firm. He will be replaced by...
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Developers begin bids on LES’ Seward Park
Seward Park Urban Renewal Area Nearly half a century late, “urban renewal” is heading for the Lower East Side. And one of the developers angling to redevelop the six-acre Seward Park Urban Renewal Area...
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350 West Broadway retail condo fetches $25.5M
From left: Jason Gold, Jon Caplan and 350 West Broadway The retail condominium at the Aby Rosen-developed 350 West Broadway has sold for $25.5 million, according to records filed yesterday with the...
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Hipsters, not jocks, for 3 Herald Square?
1333 Broadway Hipster-friendly retailer Urban Outfitters may occupy the former Conway’s store at 1333 Broadway, the New York Post reported. The multi-level 61,927-square-foot space in the Malkin...
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Carrie Chiang, Janet Wang named Corcoran’s top broker team in 2012
From left: 2012 Manhattan Salesperson of the Year Wendy Sarasohn with Pamela Liebman; 2012 Manhattan Team of the Year Carrie Chiang and Janet Wang; and Maurice Singer and Yael Epstein with 2012...
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Winoker Realty acquired following president’s death
David Winoker, Ira Fishman and Dana Moskowitz A partnership of four New York-area real estate principals has acquired Winoker Realty, the commercial brokerage firm once helmed by David Winoker, who...
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Developers head back to school, but not to study
Robert Toll National development firms, including Toll Brothers and Lennar Corp., are hopping on the student housing bandwagon, in an effort to better withstand the next recession, the Wall Street...
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HFZ near deal for 350K square foot NoMad project
From left: 11 and 3 West 29th Street and Ziel Feldman Developer Ziel Feldman’s HFZ Capital Group is negotiating with the centuries old Collegiate Church to form a joint venture to develop a...
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Fashion guru Derek Lam lists Soho loft for sale
Derek Lam and his Soho apartment With Fashion Week over, fashion designer Derek Lam — who flogged collarless capes and black and white wool and felt coats on the catwalk this year — can focus his...
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Tri-state briefs: Devonshire sets new price record
Devonshire estate From the February issue: A 101-acre compound in New Castle sold for $21.5 million in late December, becoming the most expensive sale ever recorded in Westchester County, the Journal...
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432 Park Avenue resumes construction, Beverly Hills rental listed for...
A glimpse inside the nation’s priciest rental, located in Beverly Hills 1. Construction at 432 Park Avenue resumes after accident damages an adjacent building [NY YIMBY] 2. Move over Hamptons: at...
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American Eagle makes nest in Harlem
From left: Jeff Sutton and 100 West 125th Street Preppy teen clothing retailer American Eagle has inked a lease for a Harlem location, the New York Post reported. The store has taken 8,500 square feet...
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Mo’ money mo’ problems: competition for investment sales product pushes out...
From left: Lo Russo, Elder, Bernstein and Bloomberg Tower A glance at commercial real estate in 2013 reveals two prominent themes: sluggish office leasing and a booming investment sales market. Each...
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Top stories
Top stories yesterday on The Real Deal: 1. Michael Fascitelli steps down as Vornado CEO 2. HFZ near deal for 350K square foot NoMad project 3. Urban Compass puts out casting call for residential...
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