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NYC home loans sold at “fire sale” pricing on Auction.com, suit says
Nationstar Mortgage CFO David Hisey Investors in New York are always trying to find an angle as they shop for real estate, but today a group of bondholders is aiming to pour cold water on one auction...
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Chinese developer eyes stake in GM Building
Zhang Xin and the GM Building A group headed by Zhang Xin, one of China’s biggest developers, is now in advanced negotiations to buy a 40 percent stake in the General Motors Building in Midtown, the...
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Douglaston settles with lenders at Cameo building
Jeffrey Levine and the Cameo building Jeffrey Levine’s Douglaston Development appears has come to a settlement agreement with its lender U.S. Bank National over a troubled loan at the Cameo, its luxury...
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Top stories
Top stories yesterday on The Real Deal: 1. SL Green facing ground lease eviction at Times Square retail property 2. Related nabs former AREA exec for new role 3. A look at the 15 worst U.S. housing...
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Larry King returns to Brooklyn, Two Sutton Place nearly topped out … and more
Bleecker Bob’s at 118 West 3rd Street 1. Pennrose to be involved in Prospect Plaza affordable housing project [GlobeSt.com] 2. Two Sutton Place close to topping out [Curbed, 1st item] 3. ‘This is...
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Turtle Bay comes out from under its shell
A rendering of the Zeckendorfs’ 50 United Nations Plaza Midtown East’s Turtle Bay neighborhood is undergoing a development renaissance, with several long-stalled projects recently taking off and a...
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ClearRock, Juster close on two of Yeshiva’s Midtown East buildings for $29M
9 East 38th Street A joint venture between ClearRock Properties and Juster Properties has acquired two adjacent Midtown buildings from Yeshiva University for $29 million, according to a press release...
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Manhattan’s 10 most distressed properties
From left: Aby Rosen of RFR. 90 Fifth Avenue, Extell’s Gary Barnett and the Belnord Real estate investors are complaining that distressed opportunities in Manhattan have become much harder to find in...
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New NYC natural gas pipeline has Chelsea residents fearful of explosion
A view north from Chelsea A major new pipeline that will bring natural gas into New York City has Chelsea residents fearful of a potential explosion, DNAinfo reported. At a Community Board 4 meeting...
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Brooklyn’s building bonanza
From the March issue: A wave of new residential units is slated to hit the Brooklyn market in the next several years — and thousands of them will be rentals. At 88 Willoughby Street in Downtown...
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Unique UES clapboard mansion hits market for $10.5M with a treehouse
128 East 93rd Street and Wendy Sarasohn Lots of mansions on the Upper East Side are loaded with frills. But one that just hit the market for $10.5 million has something a bit unusual in its backyard...
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New condo building to rise from LES lot
53 Hester Street Since 2007, when century-old Gertel’s Bakery was demolished, 53 Hester Street on the Lower East Side has been an eyesore. But now, a new condominium building could rise from the...
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Priciest, cheapest units to hit the market
From left: 720 Park Avenue and 1777 Madison Avenue John Burger of Brown Harris Stevens has the week’s most expensive listing to hit the Manhattan market, according to Streeteasy.com. Located at 720...
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Manhattan House tenants again escape eviction
Manhattan House A New York State appeals court ruled Wednesday that a group of market-rate tenants facing eviction from the Manhattan House condominium can pursue a retaliation claim against the...
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Single-family rentals — a boon for homeowners reeling from bust?
Could rental houses owned and managed by deep-pocketed hedge funds and big investors be the post-bust steppingstones to homeownership for huge numbers of renters? Could they also provide a form of safe...
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Deep Brooklyn lures buyers with cheaper homes
Sunset Park In the search for more affordable real estate in Brooklyn, house hunters are pushing deeper into the borough, eyeing neighborhoods with a more traditional vibe, the New York Times reported....
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Architecture review: A look at Two Trees’ “daring” vision for Domino Sugar
From left: Rafael Vinoly’s and SHoP Architects’ designs for the Domino Sugar site. Inset: Raphael Vinoly and SHoP’s Vishaan Chakrabarti This week Two Trees Management revealed a new vision for its...
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90 Fifth Ave could trade for $100M, go residential
90 Fifth Avenue The publisher Forbes’ departure from its office space at 90 Fifth Avenue could yield an auction sale of the property for over $100 million, Crain’s reported. A Richard Baxter-led Jones...
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PMG, JDS kick off $160M Miami condo project
Echo Aventura. Inset: Kevin Maloney From the South Florida site: Young women in flowing pastel chiffon, Cirque du Soleil acrobats shimmying down silken ropes to pour champagne, a violin-and-drum duet,...
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Ex-payroll manager at Chelsea co-op complex charged with embezzlement
From left: Eric Greenfield (credit: DNAinfo) and Penn South Eric Greenfield, a former payroll manager at the Penn South co-op development, pleaded not guilty this week to allegations of embezzling...
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