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Time Equities pays $8M for Greenwood Heights rental buildings
251 19th Street and Francis Greenburger Time Equities has paid $8.1 million for two residential rental buildings in Brooklyn’s Greenwood Heights, city records filed today show. Francis Greenburger, the...
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Top stories
Top stories yesterday on The Real Deal: 1. SL Green, Magnum pay $52M for newly constructed Williamsburg residential portfolio 2. Waterbridge’s Joel Schreiber and partners close on W’burg block in $30M...
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Karl Fischer-designed mixed-use development coming to Brooklyn’s Borough...
Grand Central Terminal 1. Karl Fischer-designed mixed-use development coming to Brooklyn’s Borough Park [BuzzBuzzHome] 2. Hedge fund shark John Thaler sells his $5.2 million Upper East Side condo [NYO]...
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New Donnell Library to be housed in Baccarat New York
Starwood Capital CEO Barry Sternlicht and a rendering of the Baccarat The new incarnation of the Donnell Library on West 53rd Street will be housed at the base of Tribeca Associates and Starwood...
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JPMorgan to pay $750M for 425 Lexington Ave.
JPMorgan Asset Management is paying roughly $750 million for a 31-story office tower at 425 Lexington Avenue, Crain’s reported. JPMorgan’s decision follows last month’s major lease deal at the...
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Schumer backs Midtown East proposal, suggests tweaks to landmarks provisions
St. Patrick’s Cathedral Senator Charles Schumer today expressed overall support for the city’s Midtown East rezoning proposal, but called on City Hall to issue bonds to pay for transit and...
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Check out TRD’s latest South Florida supplement
Cover of South Florida Market Report The May issue of The Real Deal includes a free copy of the South Florida Market Report, which provides a behind-the-scenes look at the most important real estate...
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National market report: TRD’s monthly roundup of real estate news from across...
Seattle skyline From the May issue: In this month’s roundup of real estate news from across the nation, The Real Deal brings you details on a Seattle convention hotel that will be the largest north of...
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U.S. Open operator to unload Queens parkland for expansion, Blackstone sells...
Flushing Meadows-Corona Park in Queens 1. U.S. Open operator to give up Queens parkland to save expansion [Crain’s] 2. Blackstone sells all 23 million shares of mall owner General Growth Properties...
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Urban Compass goes live with apartment search site
Ori Allon and a screenshot of Urban Compass The shroud of mystery hanging over tech start-up Urban Compass has been lifted, and its purpose does indeed pertain to real estate. The site — which lists...
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Vornado outlines post-Fascitelli succession plan
From left: Steven Roth and Joseph Macnow Vornado Realty Trust officials outlined a plan today to divvy up former CEO Michael Fascitelli’s responsibilities among several of the real estate investment...
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Top stories
Top stories yesterday on The Real Deal: 1. Thor Equities pays $23M for Barclays-adjacent properties 2. SL Green, Magnum pay $52M for newly constructed Williamsburg residential portfolio 3. JPMorgan...
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TF Cornerstone reveals prices at LIC’s 45-45 Center Blvd., Halstead’s Diane...
Storm damage at Midland Beach, Staten Island (credit: Gothamist) 1. TF Cornerstone reveals prices, amenities of Long Island City’s 45-45 Center Boulevard [Curbed] 2. Tech firm inks seven-year renewal...
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Beech Street Capital does $94.4M refinancing for large Manhattan residential...
314 East 78th Street (Image via GlobeSt.com) Beech Street Capital has closed $94.4 million in Freddie Mac loans to refinance a 488-unit residential portfolio spread out over various Manhattan...
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Related’s Stephen Ross pledges half his wealth to charity
From left: Stephen Ross, Bill Gates and Melinda Gates “To whomever much is given, of him will much be required,” goes the parable, and it certainly seems to be the mantra of Related Companies’ Stephen...
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Reborn into resale: Williamsburg brokers learn to cope outside the sales office
From left: Jennifer Johnsen of MNS, Ari Harkov of Halstead and a photo of the Edge and Northside Piers The wave of Williamsburg’s new development inventory has slowed to a small swell, with many...
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Manhattan renters: get ready for a cutthroat summer
Median rents in April in Manhattan (courtesy: Citi Habitats) Rents continue to rise in both Manhattan and Brooklyn, according to monthly market reports from leading residential brokerages released...
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Top stories
Top stories yesterday on The Real Deal: 1. Silverstone to bring high-end condos to Dumbo site 2. Thor Equities pays $23M for Barclays-adjacent properties 3. Related’s Stephen Ross pledges half his...
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“Will & Grace” star Debra Messing checks out $4.75M Chelsea duplex,...
Player’s Club at 16 Gramercy Park 1. “Will & Grace” star Debra Messing checks out $4.75 million Chelsea duplex [NYP, 1st item] 2. Skinny Upper East Side townhouse asks $9.25 million [Curbed] 3....
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Valentino to pay $16M rent for Thor space: Sources
Joseph Sitt and the Takashimaya building Skeptics within Manhattan’s retail industry wondered if Thor Equities would achieve its aggressive asking rent at the Takashimaya Building, the 20-story...
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