09:22:5 | 92012-06-27
Good Morning New York! Here’s the news:
CBRE to review NBCUniversal real estate
NBCUniversal has picked Mary Ann Tighe, CEO of CBRE Group Inc.’s New York Tri-State region, to conduct a study of the company’s approximately 3 million square feet of office and studio space in the metro area.
Home prices rise in almost all U.S. cities
Home prices rose in nearly all major U.S. cities in April from March, further evidence of a housing market that is slowly improving even while the job market slumps.
West End Ave Historic District Extension Unanimously Approved
The Landmark Preservation Commission voted unanimously to approve an expansion of the West End Avenue Historic District Tuesday, bringing tears to the eyes of preservationists and supporters who have fought for five years to make it a reality.
Downtown Prices Are Set to Get Lift
Top buildings in Lower Manhattan typically command a fraction of the prices of uptown towers, but the developers of condos in a former Chelsea office building are betting that ultrawealthy New Yorkers will pay some of the highest prices in the city for a spot in the funky neighborhood.
The Mollification of Manhattan
There is an empty storefront on Eighty-first Street and Broadway available for rent. It was empty in December, when I last saw it, and, according to sources—I’ve been in New Orleans—it lies empty still. Like all vacant storefronts, it suggests three mysteries: What used to be there, why is it gone, and what’s coming next?
Nordstrom Rumored To Be In Talks For 225 West 57th Street
Sources say Nordstrom is in talks to anchor a development project that Gary Barnett would build at 225 West 57th Street.
Reimagining the Waterfront Exhibition at the Museum of the City of New York
The Museum of the City of New York will present a new exhibition that explores potential redesigns of the East River Esplanade, from 60th Street to 125The Street.
Developer in Chelsea Honors a Great Architect While Redesigning His Work
The legacy of Ralph Walker, the great 20th-century architect whose Art Deco towers brought muscle to the New York skyline, is having a very mixed year.
Call it Brooklyn’s version of the Dead Sea: Williamsburg hotel opens a saltwater pool
It’s for water lovers who like to go heavy on the salt. A Williamsburg hotel recently opened the city’s only saline pool inviting non guests to take the plunge. Brooklynites are flocking to King & Grove on N. 12th St., where admission to the 20-foot-wide, 40-foot-long, 4-foot-deep pool is ordering something off the hotel bar’s menu.
Retail at 1018 6th Avenue Up For Grabs
The retail at the base of the Gotham Organization-developed Atlas New York is now available for lease, GlobeSt.com has confirmed. Brokerage firm Winick Realty Group LLC is marketing 1018 Sixth Avenue, a 3,000-square-foot space located on the southeast corner of Sixth Avenue and West 38th Street – a site with high visibility in a heavily-tourist trafficked area.
104 West 40th Street: Midtown South Comes to Midtown
If an office building can look and feel like it’s in Midtown South even if it isn’t, can’t it benefit from the leasing boom that has overtaken that market That was the premise underscoring 104 West 40th Street’s recent deal with the company Vox Media.
Enjoy the neighbourhood in NYC
After coining the term ‘unhotel’ and offering travellers the chance to stay in a distinctive home while the owner is away, Onefinestay.com have expanded to feature new offerings in New York City.
A House to Look Smart In
The idea of curling up with a good book has increasingly come to mean flipping on an e-reader, not flipping through the pages of a leather-bound novel in a book-lined room.
Rehab for apartments
Part of a group of apartment buildings, abandoned by their owner and handed over to the federal Housing and Urban Development Department, are nearing a new life.
How to buy a condo, confidently
Condo prices are so depressed you may be able to afford a home that was far beyond your means before the recession. Luxurious properties in the heart of the city, or overlooking the ocean, fairway or mountain, cost hundreds of thousands of dollars less than they did just a few years ago.
Sea rising faster on East Coast than rest of globe
From Cape Hatteras to just north of Boston, sea levels are rising much faster than they are around the globe, putting one of the world’s most costly coasts in danger of flooding, government researchers report.
Toll Brothers, Starwood Capital to develop hotel and residential complex in New York
A joint venture consisting of US-based urban development company Toll Brothers City Living and Starwood Capital Group has secured a contract from the Brooklyn Bridge Park (BBP) to develop a luxury, eco-friendly hotel and condominium community in New York.
Luxury Dining Yacht Christened at Cash-Strapped Pier 40
Diana Taylor, chairwoman of the Hudson River Park Trust and the girlfriend of Mayor Michael Bloomberg, christened one of the city’s fanciest new luxury yachts at the beleaguered Pier 40 on Tuesday.
What Happens to a Rental Apartment When a Couple Divorces?
For many New Yorkers, one of the issues they first consider when contemplating a divorce is what will happen to my rental apartment when we divorce? The issue is particularly acute when the apartment is a rare New York City rent controlled or rent stabilized apartment.
Brewster goes for $98M
The Brewster has landed a buyer. The 144-unit building at 21 W. 86th St. just traded for $98 million to Cornerstone with Adelco as the operating partner. Cornerstone is a division of Mass Mutual.
Madison Square Garden Co. Buying Ex-Home Of L.A. Lakers
Madison Square Garden Co. (MSG), the sports and entertainment company that owns the New York Knicks, will acquire the former home of the Los Angeles Lakers and Kings for $23.5 million.
Weed Out The Weirdos And Find The Perfect Roommate On Craigslist
Moving to New York is intimidating enough, but when you add a Craigslist room or roommate search to the mix, the task becomes ten times more daunting.
Jones Lang LaSalle Inks 6 Deals Totaling 17,105 SF for Owners of 400 Madison Avenue
Jones Lang LaSalle has completed six transactions totaling 17,105 square feet of commercial office space for William Macklowe Co. at 400 Madison Avenue. The firm completed four new, direct deals and two lease extensions at the Class A, 200,000-square-foot commercial office building.
Westporter pays $40m for billionaire’s penthouse
A Westport lawyer has paid $40 million for the Manhattan penthouse owned by the late private-equity billionaire Ted Forstman — 11 percent more than the asking price.
Home Prices Rise in Metro Areas as Market Mends
Home prices in the largest metropolitan areas rose again in April, providing further evidence that the housing market is slowly recuperating.
Tara I. Stacom
Ms. Stacom, 53, is a vice chairwoman of the commercial real estate brokerage firm Cushman & Wakefield, providing both tenant representation and landlord leasing services to a wide array of prominent clients.
For more information about reprints & permissions, visit our FAQ's. To report corrections and clarifications, contact Standards Editor Lisa Prado. For publication consideration in the newspaper, send comments to hello@brokerPulse.com. Include name, phone number, city and state for verification.
