10:09:25 | 2012-06-26
Good Morning New York! Here’s the news:
Manhattan Apartment Property Fetches $280M
JD Carlisle L.L.C. and DLJ Real Estate Capital Partners L.L.C. have just pocketed $280 million on the disposition of The Beatrice, the partners’ 301-unit luxury apartment property in New York City’s Chelsea neighborhood.
In NYC Suburbs, It Can Pay to Rent
In theory, plummeting home prices and record-low interest rates should make buying a home cheaper than renting one. But in some parts of the country, including swathes of New York’s suburbs, experts say it still pays to be a tenant.
Trulia Maps Show You the Fastest Way to Get Anywhere
Google Maps can tell you how long it’s going to take you to get from a specific point A to point B. But Trulia’s new commuter mapstell you how long it will take to get anywhere at all—not just to and from a specific destination.
WTC Developer Larry Silverstein Celebrates Topping Out of Steel at 4 World Trade Center
Silverstein Properties President and CEO Larry A. Silverstein was joined by approximately 1,000 construction workers and other New York government, civic and business leaders at a topping out ceremony marking the completion of steel erection for the new 4 World Trade Center – the first office tower that will be completed and opened on the original 16-acre World Trade Center site.
Manhattan apartment features staircase lined with 20,000 Lego bricks
Usually when you’re looking for a new home, you need to consider things like whether or not it has a built-in dishwasher or central air conditioning. But one apartment in Manhattan has a rather unique feature that helps it stand our from the rest — and it has nothing to do with creature comforts.
At speedy meet-and-greet event, the focus is on mating
The action is just getting started at Gossip Bar in Hell’s Kitchen as 23-year-old Brooke Ozeri sidles up to the bar. She brushes back a lock of long black hair, adjusting her lacy white top as she scans the room. There’s an undeniable nervous energy to her demeanor; she’s hoping to find The One.
Rockrose’s Striking Addition To The Queens Skyline, “Linc LIC,” Tops Out
New York - Rockrose Development announced the topping out ofLinc LIC, its new, amenity-rich residential rental complex in the heart of the Court Square area of Long Island City.
From Paris Hilton to Donald Trump, Century Properties’ celebrity ties
Century Properties is making waves in the local real estate industry with a publicity campaign no one among its competitors has done before.
The Real Reason to Make One57 So Tall? Why Attracting Chinese Buyers, Of Course
It’s nothing new that Chinese buyers are flooding the apartment market in New York and the rest of the country. Yet a pretty definitive article on the subject in The Journal reveals some interesting facts about the lengths some developers will go to to reach the Chinese market, including one project of particular interest to us: Gary Barnett’s One57.
From 7 Apartments to $20 Million House
In 2002, 81 Horatio St. was an unassuming, seven-apartment building just south of the Meatpacking District. Now, after an extensive renovation, the town house has been transformed into a single-family home with a view of the High Line elevated park and a $20 million price tag.
Rents Reach Six Figures For Some High-Income Celebrities, Global Elite
Earning a six-figure yearly salary is a distant dream for many. Now imagine paying six figures in monthly rent.
A Foreclosure at New York’s Fanciest Co-op? Seizure of Swig’s 740 Park Spread Moves Ahead
Not even the most coveted address or the most celebrated building is immune from the occasional financial contretemps, it would seem, regardless of the building’s all cash financing requirements.
Red Adler, LLC Takes Part of 25th Floor at 80 Broad St
Red Alder, LLC, an investment fund, has signed a new, 2,180 square foot lease for a portion of the 25th floor at 80 Broad Street.
NYC’s Best & Worst Skyscrapers, According to Curbed Readers
Continuing with big news for big towers, 4 WTC topped out today, but unsurprisingly, the oft-forgotten building did not get a mention in Friday’s open thread, when we asked you to list the best or worst super tall buildings in New York City. In fact, even One WTC only got a single mention, and it was not favorable.
Investment firm snaps up 13th property in 8 months
A fledgling real estate investment firm, Trevi Retail, has scooped up its 13th Manhattan property since launching a mere eight months ago.
Ferris Wheel Eyed for Ferry Terminal
Tourists taking in the sites of New York Harbor on the Staten Island ferry may get a new reason to board the boat.
Summer Soiree at 75 Wall Residences atop the Andaz Spotlights the Best of the Financial District
More than 150 brokers and guests sampled the best of the Financial District (FiDi) last week during an exciting summer soiree on the rooftop of 75 Wall Street, the luxury condominium tower atop the Andaz hotel.
Court Rules Co-op Board Members Have No Fiduciary Duty — but Boards Do. Huh?
Barbara Hubshman, a co-op shareholder at 1010 Fifth Avenue in Manhattan, sued her board, each individual member, the managing agent and others, claiming that they failed to maintain the building, as required by the proprietary lease — and tried to conceal from residents and possibly governmental agencies dangerous conditions that existed in a the building’s fireplaces and flues.
The 6 Nicest Apartments In Film
It’s nice to get away from the painful realities of life by going to the movies. While entertainment like HBO’s Girls often tries to make its depiction of life as real as possible, there’s something to be said for the decadence and opulence that films can bring to the table.
Westport lawyer buys Forstmann’s Manhattan penthouse
The Manhattan penthouse owned by Ted Forstmann, the private-equity billionaire who died in November, sold for $40 million, 11 percent more than the asking price.
Sterling Makes Crain’s New York Fast 50 List
Crain’s New York Fast 50 is a list of the 50 fastest-growing companies ranked by revenue growth from 2008 to 2011. Listed companies are privately held with minimum 2011 revenues of $20 million.
Friedman, Levy, Goldberg, Kearns and Pollock of Olshan represent seller in $82 million hotel sale
Manhattan, NY According to Olshan, its client, Madison 92nd Street Associates, LLC, has closed the sale of its 226-room Upper East Side Courtyard by Marriott hotel, located at 410 East 92nd St., to RLJ Lodging Acquisitions, LLC, an affiliate of RLJ Lodging Trust, for $82 million.
Ex Hamptons real estate agent to face judge
A former Hamptons real estate agent accused of violating her DWI probation is going before a judge. Charlotte DePersia of East Hampton is due in court Tuesday.
RKF Secures New Manhattan Locations for GNC at 275 Seventh Ave. in Chelsea and 1034 Third Ave. on the Upper East Side
RKF recently secured two ground-floor retail spaces for General Nutrition Center (GNC) in Manhattan.
Diverse design at WTC
Hours after his 4 World Trade Center topped off in the rain yesterday morning, Larry Silverstein sounded full of sunshine.
Top Broker Bruce Ehrmann Leaves Stribling, Joins Douglas Elliman
Prudential Douglas Elliman is pleased to announce that top producer Bruce Ehrmann has joined the company’s 90 Hudson Street Office as a Managing Director and Associate Real Estate Broker.
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