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Crowdfunding upstarts turn to public for investing in Brooklyn
One Brooklyn Bridge Park A real estate crowdfunding startup wants to help New York developers attract more small investors and is already a partner on a project near Brooklyn Bridge Park, the New York...
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Ron Burkle’s deal with Morgans Hotel Group rejected in court
Ronald Burkle (Credit: Brad Tent) Billionaire Ron Burkle, one of the largest creditors of Morgans Hotel Group, is off to a rough start in his legal fight with shareholders of the debt-burdened...
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Engineering nonprofit decamps for 120 Wall Street
120 Wall Street The American Institute of Chemical Engineers is leaving behind Murray Hill for a skyscraper in the Financial District. The nonprofit signed a long-term, 16,506-square-foot lease at the...
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MAve Hotel in NoMad for sale through court auction
MAve Hotel The MAve Hotel in NoMad has hit the market and could go for about $30 million through a bankruptcy court auction, the New York Post reported. The 62 Madison Avenue property, near East 27th...
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Mortgage applications fall 7.3 percent in a week
The number of mortgage applications for the week ending May 10 dropped 7.3 percent from a week earlier, the Mortgage Bankers Association announced today. The average contract interest rate for 30-year...
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Townhouse once home to John Philip Sousa relisted for $28.9M
Composer John Philip Sousa and the renovated townhouse at 80 Washington Place A single-family Greenwich Village townhouse once home to composer and conductor John Philip Sousa that languished on the...
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Sinatra’s former UES home finds a Chinese buyer
Frank Sinatra and 530 East 72nd Street Updated, 11:41 a.m., May 16: Start spreading the news — Frank Sinatra’s former Upper East Side penthouse has found a buyer, the New York Post reported. The...
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Across the U.S., signs of a boom market reappear
From the May issue: They’re back after barely a decade: Escalation clauses in real estate contracts, “naked” contingency-free offers and lowball-priced listings designed to pull in dozens of bidders...
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“Real Housewife” Kelly Bensimon puts Nolita co-op up for rent
Kelly Bensimon and 240 Centre Street (Building photo by StreetEasy) “Real Housewives of New York City” alumna Kelly Bensimon is putting her co-op at 240 Centre Street up for a monthly rent of $20,000,...
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Pols criticize Midtown East streetscaping plan for late arrival
Councilman Dan Garodnick and Midtown East City leaders are unhappy that a study for streetscaping Midtown East that is part of the proposed rezoning won’t arrive until the fall, DNAinfo reported. The...
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Ben Stiller sells UWS co-op at a $1M loss
Ben Stiller and 118 Riverside Drive (Interior photo via Elliman) Ben Stiller and his wife Christine Taylor have sold their 4,000-square-foot, five-bedroom, five-and-a-half-bathroom duplex co-op on the...
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Hines daughter’s 820 Park co-op lists for $16.5M
820 Park Avenue (Source: Manhattan Scout) A co-op at 820 Park Avenue redesigned by Robert A.M. Stern has listed for $16.5 million, the New York Post reported. Serena Steinberg – daughter of Houston...
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Numbers to know: Williamsburg prices catch up to Manhattan, the Gracie...
Gracie Mansion “Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. Prices in Williamsburg are on the rise, the Gracie Mansion will...
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Are U.S. home prices rising at unsustainable levels?
From left: Jed Kolko of Trulia and Dean Baker of the Center for Economic and Policy Research Steep home price gains in certain U.S. markets, including Brooklyn, have some economists worried that the...
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Eddie Murphy lists NJ carriage house for $2.5M
Comedian Eddie Murphy seems to be on a property selling streak. The star has listed an eight-bedroom, five-bathroom carriage house in Englewood, N.J. — a property that’s adjacent to the mansion he...
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City can’t shirk liability in Azure crane collapse case, judge says
Scenes from the 2008 Azure crane collapse A New York State Supreme Court ruled Tuesday that the city cannot deny liability for damage stemming from the 2008 crane collapse at the Upper East Side’s...
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Southampton boards debate redrawing village lines for sprawling condo complex
Southampton Village and Beechwood’s Michael Dubb The Southampton Town Board and Southampton Village Board organized a joint public hearing last week to discuss a petition from developers Beechwood...
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Pershing Square’s Bill Ackman revealed as buyer of $90M-plus One57 condo
A rendering of One57 and William Ackman A partnership of Pershing Square Capital’s William Ackman and a group of real estate investors is in contract to buy a penthouse at Gary Barnett’s One57...
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TRD’s essential ICSC guide
Central Hall at ICSC in 2011 From the May issue: More than 33,000 real estate professionals are expected to descend on Las Vegas this month for commercial real estate’s largest conference, the...
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NYC multi-family sales see monthly gains
Shimon Shkury of Ariel Property Advisors and 1423-1425 Amsterdam Avenue (Building photo via Loopnet) The number of multi-family building sales in New York City rose 21 percent month-over-month in...
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