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5 Beekman condo-hotel plan approved by community board, Morgans Hotel settles...
Inside 5 Beekman Place in the Financial District (Courtesy: Tribeca Citizen) 1. Community board unanimously approves 85-condo, 285-room hotel conversion for 5 Beekman Place [Curbed] 2. Morgans Hotel...
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Chelsea site with 145K square feet of development rights pitched to hoteliers
140-144 West 28th Street and Andrew Scandalios of HFF An HFF team is marketing a 7,583-square-foot development site in Chelsea that’s aimed at hotel developers, according to marketing materials...
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Acadia sues Armstrong’s Ringel for alleged default
Aerial view of an Armstrong shopping center Acadia Realty filed suit against Armstrong Capital founder Benjamin Ringel and investor Tibor Klein, alleging they defaulted on $9 million in loans. Acadia,...
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Top residential agents of the week
From left: Adam Modlin, Arabella Greene Buckworth and 41 Central Park West Price: $16,000,000 Listing Brokers: Adam Modlin of the Modlin Group and Arabella Greene Buckworth of Brown Harris Stevens...
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Chinatown rental building collapse injures seven
17 Pike Street The partial collapse of an 18-unit Chinatown building shortly before 1 p.m. has injured at least seven, NY1 reported. The incident took place inside a beauty shop at 17 Pike Street, near...
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Bowery’s Salvation Army building changes hands for $19M
347 Bowery, Glauco Lolli-Ghetti (inset) The Paris-based Louzon Hotel Group, which bought the Salvation Army shelter building at 347 Bowery two years ago for $7.6 million, has sold the property for $19...
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TRD is looking for your announcements
Planning a wedding? Got promoted? Newborn baby? Let The Real Deal know! We’ll be debuting a new “Announcements” column for real estate industry professionals in the Comings & Goings section of the...
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Uniqlo expanding to Fort Greene and Staten Island, townhouse in Brooklyn...
Rendering of great room at 10 Madison Square West 1. Uniqlo to open its first stores in Brooklyn and Staten Island by fall [Crain’s] 2. Brooklyn Heights townhouse bought for $5 million is asking $9...
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Apthorp developers to propose adding four penthouses atop UWS complex
A rendering of the proposed penthouses at the Apthorp The developers of the Apthorp condominiums want to add four luxury penthouse apartments to the roof of the landmarked Upper West Side complex, and...
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Durst, Tishman Speyer lukewarm on Sixth Avenue BID plan
Daniel Biederman Major Midtown property owners are less than enthusiastic about a business improvement district along Sixth Avenue, contending it would be superfluous along an area often referred to as...
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After long delay, Zeckendorfs’ 50 United Nations Plaza tops out
From left: William Zeckendorf, co-chairman at Zeckendorf Development; Gerald Bianco, Lend Lease; Ralph Esposito, Lend Lease; Arthur Zeckendorf, Co-Chairman, Zeckendorf Development on the 34th floor of...
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Naked Apartments launches new tool for NYC renters
Jay Charat and Jay Signorello Showings on Demand – a new tool that aims to help nestseekers land the right apartment faster by cutting the back-and-forth with rental brokers – launched this morning on...
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Number of landmarked buildings reaches new high: REBNY
The landmarked Dakota on the UWS, 9 Prince Street in Soho The number of Manhattan properties under landmark protection has reached new heights – a milestone that will only stifle job creation and new...
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Six-story retail planned for 529 Broadway
From left: Joe Sitt, 529 Broadway (credit: PropertyShark) and Jeff Sutton An ownership group made of retail developers Bobby Cayre, Jeff Sutton, Joseph Sitt and the Adjmi family has filed plans to add...
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Brazilian oil exec swaps Roger Erickson for BLU Realty in sale of $19M townhouse
From left: Vince Rocco, Mithlesh Kush and Shane Shimon, all of BLU Realty; the interior of 41 West 74th Street The owner of a refurbished Upper West Side townhouse that has lingered on the market for...
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Brazil-based investor partners with Sitt Asset Management, fixes eyes on NY
Moni Shababo at a Bentley event with guests and the Empire State Building A Lebanese-born, Brazil-based billionaire has told The Real Deal that he is setting his sights on New York, and expects to bid...
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Owning a house not always the American dream, studies show
Investing in real estate may not translate into happiness, according to a growing body of research, the New York Times reported. People are happier when they spend money on experiences rather than...
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Amangansett windmill home asking $8M attracts celeb interest
Windmill house in Amagansett A Hamptons home inside a windmill is asking $8 million — and attracting interest from celebrities like Alec Baldwin and Ralph Lauren — the New York Daily News reported. The...
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Chapter 11 filing stalls auction of prime Madison Avenue development site
CIM’s Avi Shemesh and the Madison Avenue site Real estate investment giant CIM will have to wait a little longer to wrest control of a mixed-use development site in Murray Hill now that the property’s...
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South Florida briefs: Luxury sales lead recovery, Related Group returns to...
Miami skyline From the July issue: In this month’s roundup of South Florida real estate news, The Real Deal looks into the local luxury market, which is leading the region’s housing recovery with...
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