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The commercial real estate market will see a change in
tenant improvement allowances before a change in rents, according to David
Falk , newly-appointed president of Newmark Knight Frank's New York tristate
region. The longtime
broker said tenants have been taking advantage of receiving ...
Real Estate
A row of 10 affordable housing buildings on West 135th Street between Lenox and Seventh avenues is about to become one of the first entirely green blocks in the country, with a green retrofit scheduled for all the buildings this winter. The structures will receive rooftop solar panels and new, ...
Real Estate
Harlem
Stalled construction projects have become a fixture of the New York
City streetscape in the aftermath of the real estate bust, but upkeep
on the partially-built structures has proven a costly task. The city
spent approximately $10,000 on each of 75 buildings dangerously close
to collapse between ...
Real Estate
Declining New York City rental prices may be tough on commercial landlords, but the trend has been good for emerging businesses, according to The Real Deal’s Editor, Stuart Elliott . The recession has precipitated new enterprises, with companies given the chance to snatch up leases at a ...
Real Estate
Optimism and stock prices rose today, with news that existing home sales continued to improve in October, according to data from the National Association of Realtors released today. Sales of single-family homes jumped 10.1 percent from September, marking a seasonally-adjusted rate of 6.1 million ...
Real Estate
In the down residential market, New York City developers are catching auction fever . The Solaria luxury condominium in the Bronx’s Riverdale neighborhood is the latest new building in the region to use an auction to spur interest -- the Saffron condo in Jersey City recently used an auction to ...
Real Estate
Bronx
Riverdale
Greenpoint
From the November issue: Thompson Hotels, which owns eight properties nationwide (including
five in New York), decreased room rates by 30 percent this year to lure
guests. However, those rates started to inch up again this fall as traveling
started to resume a bit, said Jason Pomeranc, the ...
Real Estate
Lust for luxury Manhattan properties has picked up again, but inventory is too low to satisfy the cravings of wealthy buyers looking for bargains, brokers say. The expected return of Wall Street bonuses, combined with the presence of foreign buyers looking to take advantage of the weak dollar, ...
Real Estate
Manhattan
Central Park
A series of attorney general’s office rulings favoring the developer of Soho Mews may signal a turning point for condo buyers looking to break their contracts at boom-era new developments across the city. At the West Broadway and Canal Street project, 31 of the 68 units were in contract before ...
Real Estate
The sprawling Pierre Hotel duplex apartment owned by late financier Lionel Pincus has been handed over to Pincus’ longtime companion, Princess Firyal of Jordan, after years of legal disputes. Pincus, who died in October after being incapacitated since 2003, had left the 7,000-square-foot co-op ...
Real Estate
1. City Council may kill Kingsbridge Armory project at hearing today if living wages not guaranteed [NYDN]
2. 'Virtual' doormen watch over New Jersey's luxury condos [NYT]
3. Rising rents chase artists out of Chelsea, Soho [Crain's]
4. Bernanke says modest expansion will continue next ...
Real Estate
Kingsbridge
Brooklyn
1. City Council set to kill Kingsbridge Armory project at hearing today [NYDN]
2. 'Virtual' doormen watch over New Jersey's luxury condos [NYT]
3. Rising rents chase artists out of Chelsea, Soho [Crain's]
4. Bernanke says modest expansion will continue next year in address to New York ...
Real Estate
Kingsbridge
Brooklyn
The recent ruling in favor of tenants at Stuyvesant Town and Peter Cooper Village initially put the city's landlords on the defensive, but now property owners are asking if the city might owe them money because of the decision. Frank Ricci, director of governmental affairs at the landlord trade ...
Real Estate
From the November issue: When Fashion 26 opens its doors this December, one young hotelier may
have white knuckles: The spot is the first that Steven Kassin, the
24-year-old Infinity Group principal, has led from start to finish.
"It's my baby," Kassin said of the Garment District hotel at ...
Real Estate
Garment District
Prime fixed-rate loans are accounting for 33 percent of foreclosures, as opposed to subprime loans, which had been the culprit at the beginning of the housing crisis, according to the most recent data from the Mortgage Bankers Association. Federal Housing Administration-backed loans also ...
Real Estate
Mortgage delinquencies and foreclosures have hit a record high, with prime fixed rates loans accounting for 33 percent of foreclosures, as opposed to subprime loans, which had been the culprit at the beginning of the housing crisis. Federal Housing Administration-backed loans also played a ...
Real Estate
Mortgage delinquencies and foreclosures have hit a record high, with prime fixed rates loans accounting for 33 percent of foreclosures, as opposed to subprime loans, which had been the culprit at the beginning of the housing crisis. Federal Housing Administration-backed loans also played a ...
Real Estate
1. Authorization, re-authorizations approved at WTC redevelopment board meeting [GlobeSt]
2. More restaurants using Twitter to cover up health department closures [Midtown Lunch]
3. J.J. Byrne Park plans unveiled for Park Slope [Brownstoner]
4. NYU facility ...
Real Estate
Park Slope
Staten Island
1. Authorization, re-authorizations approved at WTC redevelopment board meeting [GlobeSt]
2. More restaurants using Twitter to cover up health department closures [Midtown Lunch]
3. J.J. Byrne Park plans unveiled for Park Slope [Brownstoner]
4. NYU facility ...
Real Estate
Park Slope
Staten Island
1. Authorization, re-authorizations approved at WTC redevelopment board meeting [GlobeSt]
2. More restaurants using Twitter to cover up health department closures [Midtown Lunch]
3. J.J. Byrne Park plans unveiled for Park Slope [Brownstoner]
4. NYU facility ...
