11:04:15 | 2012-06-18

Real Estate Home Real Estate News Real Estate Columns Real Estate Videos 24 Things in New York Real Estate You Need to Know this Morning

Good Morning New York! Here’s the news:

Equity Residential Said to Buy Manhattan’s Beatrice Tower

Equity Residential, the largest U.S. publicly traded apartment owner, is close to a deal to buy the Beatrice luxury tower in Manhattan’s Chelsea neighborhood for $280 million, expanding in New York as rents jump.

[Bloomberg]

Landlord ‘paid’ biker gang to drive B’klyn tenants out, residents say

The bohemian tenants of two Brooklyn apartment buildings say a violent biker gang has muscled in and gone hog wild — turning a first-floor apartment into their private parking pad, throwing beer-soaked parties and assaulting a woman who snapped pics of them misbehaving.

[NY Post]

New 3D Mapping Effort Blurs Privacy Line, Schumer Says

Senator Charles Schumer is raising a red flag over new imaging technology being used by Apple and Google that he says fails to address the balance between technology and privacy. NY1′s Bree Driscoll filed the following report.

[NY1]

How to move in with mom and have your own space

Moving back home after college has become an economic necessity for many young grads. In a new YouTube series, “I Live with My Mom,” interior designer Tracy Metro is helping families navigate the transition through revamping childhood rooms for adult lives.

[NY Daily News]

Long Island City waterfront reaches neighborhood nirvana

The great 1960s New York City neighborhood activist Jane Jacobs called the movement on city sidewalks a “symphony.” She described a dance of people coming and going and waving and smiling. Children, adults and elderly were one for all. The sidewalks in her vision were happy.

[NY Daily News]

Brooklyn’s Burden: Fourth Avenue

In few parts of New York is this more the case than with the rash of new apartment buildings along Brooklyn’s Fourth Avenue, the six-lane street that runs south from Atlantic Terminal and cleaves Park Slope from Gowanus.

[WSJ]

First Look At Brooklyn Bridge Park’s Hotel/Rez Complex

The Brooklyn Bridge Park Corp. is expected to vote Tuesday June 19 on which developer will be awarded the contract to build the controversial BBP hotel and residential complex next to Pier 1 near DUMBO, as mandated by NYC Mayor Bloomberg to fund the future of the park.

[Brooklyn Heights Blog]

Leaving New York, sort of: REM’s Michael Stipe puts his NYC penthouse up for sale for $11million as he looks for larger space to sculpt

The REM singer has put his NYC penthouse up for sale for nearly $11million. The 52-year-old singer has listed his plush Tibeca apartment in order to shift his focus from music to sculpture and he is said to be looking for an art studio.

[Daily Mail]

New York City’s waterfront is booming

At least the city’s government is − dubbing it so for the amount of planning and energy going in to revamping the Big Apple’s waterfront, said Arthur Platt, an architect and one of the guides on Harbor Line Cruise’s Architectural Tour.

[NY Daily News]

TF Cornerstone-Sponsored Celebration of Long Island City’s Culinary Culture Draws Over 1,000 Attendees

Over 1,000 neighbors, visitors and local dignitaries gathered at Gantry State Park last week to celebrate Long Island City’s culinary culture and community during the seventh annual Taste of LIC.

[CityBiz]

How to Make It in Tribeca: Be Sleek Yet Just Historical Enough

Historic designations are like monkey traps (yes, these exist): they work in the beginning, but eventually their intended targets learn how to out-smart them. Case in point: development in Tribeca.

[Observer]

Parking is big business, and getting bigger

Once upon a time – like, for a few thousand years – a guy pulled his horse up to the general store, tied him, bought some cod liver oil, tobacco and maybe a jug of whiskey, jawed a bit with the proprietor, and went on his way.

[NY Daily News]

Dissecting the Future of Landmarks Preservation

“THE Future of the Past” seems an appropriate title for a panel discussion moderated by Barbaralee Diamonstein-Spielvogel, who is passionate about the concept of preservation as more forward-thinking than a mere clinging to days gone by.

[NYT]

Replacing Lehman Loan, 110 William St. Gets $162M Refi

NEW YORK CITY-Swig Equities, LLC, the owner of Downtown staples such as the Trump Building and 5 Hanover Square, has refinanced 110 William St. in Lower Manhattan for $161.5 million, the real estate investment and management firm said on Friday.

[Globe St.]

New Home for the Genome Center

A high-powered group of universities, medical centers and labs in the New York area that is aiming to move to the forefront of DNA-sequencing research is on the verge of signing a major lease for a home in SoHo, according to multiple people with direct knowledge of the effort.

[WSJ]

Complex N.Y. real estate deal a landmark

Robert Aziz, executive vice president and chief legal counsel at Oxford Properties Group, has a front-row seat on a major project that will change the look of Manhattan’s rail yards along the Hudson River.

[Financial Post]

Web Sites Illuminate Unknown Artists

At twilight on Monday, something new will light up a Times Square billboard. An original work of art, 23 stories high, will replace a bright yellow ad for Sprint.

[NYT]

Montauk Homeowners Sue for $25 Mil Over Beach Damage, Again

Beachfront homeowners in the Culloden Shores area of Montauk, who have sued the Town of East Hampton over beach erosion in the past, have filed another suit for $25 million in damages, this one in federal court, on Thursday.

[Patch]

Summer Listings Can Heat Up Property Interest

It’s a question most sellers ask around this time of year: Is it worth it to put a home on the market during the summer months?

[NY1]

A Credit Suisse MD Paid Way Above The $6.7 Million Price Tag For This Sick Upper East Side Apartment

Credit Suisse managing director Timothy O’Hara, the co-head of global securities, paid half a million more than the asking price for an Upper East Side apartment, the New York Observer reports.

[Business Insider]

Skydiving accident kills Manhattan real estate investor and Brooklyn-based instructor

A skydiving accident in upstate New York claimed the lives of a prominent Manhattan real estate investor and his Brooklyn-based instructor, authorities said Saturday.

[NY Daily News]

The Closer: Flips and splits of New York’s real estate community

There’s no place like home, at least for Cristina Grajales, whose Greene St. SoHo gallery is showcasing art and furnishings of New York-based artists at this week’s Design Miami Basel fair in Switzerland.

[NY Daily News]

What do you call that new skyscraper in New York?

When President Barack Obama came to New York City this week, his first stop was at that tall building under construction at the corner of West and Vesey streets.

[SF Gate]

Michael Gross: A place of one’s own

When I moved to Manhattan after college, I rented a tiny West Village studio apartment that cost considerably less than my current parking space. I had a friend in a nearby co-op on lower Fifth Avenue, and walking across town to visit, I’d window-shop for places where I might one day live.

[Crains]

What’s the Deal

One of the largest Spanish producers of tile and ceramic for kitchens and bathrooms is planning to develop its U.S. flagship store overlooking Madison Square Park, demonstrating how New York may be benefiting from the financial problems in Spain.

[WSJ]

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