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“Hardcore” obstacle course company Tough Mudder in talks for MetroTech sublease
From left: 15 Metrotech Center and Tough Mudder founder Will Dean Compared to its 10- to 12-mile obstacle courses — which feature barbed wire, electric zaps and names like “Arctic Enema” and “Ball...
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Developer Flank to bring boutique condo to Nolita
Jon Kully of Flank and 224 Mulberry Street Flank, the Manhattan-based architecture and development firm, is acquiring a reputation for building boutique condominium projects with extra-large...
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Top stories
Top stories yesterday on The Real Deal: 1. Sales officially launch at 432 Park; building is more than 30 percent in contract 2. Mark Cuban looks to sell UWS starter pad for $600K 3. Bon Jovi lists Soho...
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Sister tower of Oro rising in DoBro, 51 days in a Soho loft could be worth...
Squibb Park Pedestrian Bridge 1. Squibb Park Pedestrian Bridge opens in Brooklyn [Gothamist] 2. Sister tower of smash hit Oro rising in Downtown Brooklyn [Curbed, 1st item] 3. 51 days in a Soho loft...
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Interest-only loans cater to the rich, but co-ops still don’t like financing...
The co-op 1155 Park Avenue Interest-only loans help borrowers free up cash and take advantage of tax benefits, but they have become rare since the financial crisis, available only to the wealthy...
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Further drama at Chetrit-owned Hotel Chelsea
Joseph Chetrit, a rendering of the renovated Hotel Chelsea and Stanley Bard Tenants at the Joseph Chetrit-owned Hotel Chelsea lost heat, hot water and gas yesterday, the latest in a line of snafus that...
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BAM cultural district takes off with onslaught of residential construction
Brooklyn Academy of Music From the March issue: For years, the Bloomberg administration has been trying to revitalize the down-at-heel area around Fort Greene’s Brooklyn Academy of Music (widely known...
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In the Bronx, in limbo: Residents suffer through squalor while developer ties...
935 Kelly Street in the Bronx Workforce Housing Advisors is buying up a slew of distressed apartments in the Bronx with the intention to rehabilitate the properties, but tenants are being forced to...
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Dakota apartment in contract for $11M, after several price chops
The apartment at the Dakota (Image c/o StreetEasy) A three-bedroom unit at Central Park West’s famously stodgy Dakota has gone into contract, after several price slashes, for $11 million, a far cry...
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CORE uses cinema-centric app to generate sales at Tribeca’s 93 Worth
93 Worth and Shaun Osher When it comes to marketing high-end New York City real estate it helps to be creative. But when the property is in a neighborhood with a creative history, brokers have to up...
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Priciest, cheapest units to hit the market
From left: 158 Mercer Street and 42 West 138th Street The priciest residential listing to hit the Manhattan market this week belongs to rock star Jon Bon Jovi, according to StreetEasy. The condominium...
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Existing U.S. home sales reach three-year high
Existing home sales across the U.S. grew 0.8 percent in February over the previous month, pushing them to the highest level since November 2009, according to National Association of Realtors data cited...
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Silverstein’s Silver Suites Offices 50 percent leased
Tal Kerret, Silver Suites Offices and 7 World Trade Center Half of Silver Suites Offices, a collaborative work space in the Financial District, is already leased — only two months after its launch by...
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Brokers, appraisers struggle to value green homes
When it comes to energy efficiency and “green” features in homes, there’s a chasm-sized disconnect in the marketplace among consumers, real estate appraisers and the nation’s realty sales system. On...
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In reversal, U.S. investors look to South American real estate
From left: Sao Paulo and Sam Zell While South American buyers have been buying up condominiums in South Florida and New York City, helping to boost the super high-end in both markets, American real...
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MNS tapped to lease Manhattanville complex
From left: MNS CEO Andrew Barrocas and 601-603 West 137th Street (source: PropertyShark) Bonjour Capital, a New York City-based investment and development firm, has tapped residential brokerage MNS to...
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NYCHA says 14 residential buildings could rise on public housing lots
NYCHA’s John Rhea The New York City Housing Authority has released details of its plan to lease public housing land for private market-rate development, the New York Times reported. All in all, NYCHA...
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Donald Trump’s litigious leanings dissected
Donald Trump Real estate mogul Donald Trump has filed a slew of lawsuits over the past decade, and the Atlantic has rounded up a list of seven noteworthy examples. Though the Donald is occasionally on...
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In their words: the month’s funniest, most insightful real estate quotes
From the March 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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Buying is cheaper than renting in NYC, but perhaps not for much longer
Trulia’s Jed Kolko Believe it or not, buying a home in New York City remains 26 percent cheaper than renting, a figure that has held steady over the past year, according to Trulia data. However, the...
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