09:12:04 | 2012-06-28
Good Morning New York! Here’s the news:
As Retail Hub, Manhattan Tops National Average and Outstrips Other Boroughs
The retail success story in Manhattan is well known: a steadily growing influx of tourists has pushed per capita retail sales in the borough far higher than in the rest of the country.
Remembering Nora Ephron’s Love Affair With the Apthorp
The wonderful Nora Ephron died last night, and this morning we found ourselves rereading one of our all-time favorite pieces of real estate writing, Nora Ephron’sode to the Apthorp in a 2006 issue of The New Yorker.
Nordstrom to give details about Manhattan flagship Thursday
Retail experts say a Manhattan Nordstrom would mark a major milestone in the company’s 111-year history and raise its profile among New York’s fashion elite.
Durst Taps CBRE To Lease 4 Times Square Retail Space
The Durst Organization, the family-run owner/manager of 13 million square feet of Manhattan office towers, has selected CBRE to lease the retail space at the base of its 1.8-million-square-foot 4 Times Square, the former home of ESPN Zone located at the “Crossroads of the World” – the corner of Broadway and West 42nd Street.
Real Estate Legend Barbara Corcoran Looks Ready to Sell Her Pawling, NY, House
Corcoran’s broker told her that the four-bedroom, three-bathroom Dutchess County home was worth about $615,000. But Corcoran, who bought it decades ago for $220,000, priced it to sell fast. And less than one hour into the open house, a bidder made the $545,000 offer.
If you want to buy in East Hampton
THE SCOOP ”Post-card perfect” is how Rylan Jacka, senior vice president of Sotheby’s International Realty, describes the Village of East Hampton, citing historic landmarks, the windmill, beaches and shops, as well as old and new shingle-shake houses.
Outside Looking In: Strength of Manhattan Real Estate Market Draws New Lenders to Big Apple
Garrett Thelander, an executive at Massey Knakal who leads the company’s capital services group, was fielding offers for a financing deal he was recently arranging when he noticed many of the banks lining up to compete weren’t ones he was used to working with.
Worries Weigh on Manhattan Market
Despite some big-ticket apartment sales to multimillionaire and billionaires, Manhattan apartment prices and sales have inched up only modestly during the second quarter, according to analysis of city sales records.
Brewster Building Sells for $98M
The Brewster Building on Manhattan’s Upper West Side has changed hands. CBRE represented seller Rambleside Holdings LLC in the $98 million sale of the 144-unit, 116,000-square-foot building at 21 W. 86th St. to Cornerstone with Adelcoas the operating partner, according to the New York Post.
US Cities Growing At Faster Rate Than Suburbs For First Time In Century
For the first time in a century, most of America’s largest cities are growing at a faster rate than their surrounding suburbs as young adults seeking a foothold in the weak job market shun home-buying and stay put in bustling urban centers.
New York’s Brooklyn neighbourhoods: Where to stay
Planning a New York trip, but want to avoid Manhattan’s notoriously expensive shoebox hotel rooms? You’re not the only one. More visitors are venturing across the East River to Brooklyn to enjoy a more laid back pace and cheaper lodgings.
Amazon Expands at 1350 Avenue of the Americas
Amazon Corporate LLC has expanded at 1350 Avenue of the Americas, growing to a total 92,493 square feet at the 35-story, 590,068-square-foot, class A office tower.
Halstead Realtors Earn Designation
The Fairfield County offices of Halstead had a record number of realtors and directors participate in two days of intensive training at the Norwalk Inn & Conference Center this month to earn the Accredited Buyer’s Representatives designation.
The Deets On This Year’s Hampton Designer Showhouse
When we announced that this six-bedroom gambrel-style home in Water Mill would be this year’s Hampton Designer Showhouse, the commentariat was less than impressed with both the home itself and its right-off-of-27 location.
Not So Happily At Home In the Hamptons: Buyers of Dolly Lenz’s Spread Sue
Doesn’t a 6,459-square-foot Hamptons manse with seven bedrooms, an outdoor pool, tennis court, carriage house and four-car garage sound like the perfect place to spend the holiday weekend?
Which Roads are the Most Dangerous in East Hampton Town?
Following the tragic accident on Old Stone Highway in Amagansett that killed 17-year-old Jeffrey Ahn on Saturday, concerns have been raised about that stretch of road.
Former fashion designer wears his new role well
At the end of 2009, in one of the worst real estate markets in recent history, Lawrence Rich sold a Manhattan home for $14 million cash. “Just because the market isn’t good doesn’t mean there aren’t people buying and selling,” he says. “I do things by my heart.
87 Units in Flushing Sell for $14.4M
An individual investor sold 36-20 Bowne St. in Flushing, NY to Frey Management for $14.375 million, or about $165,000 per unit. The 87-unit elevator building was constructed in 1940 and was 100 percent occupied at the time of the sale. It is located in the Northeast Queens submarket of Long Island.
Charles Rutenberg Realty, Inc. Adds New Agents to Three of Its Offices
Charles Rutenberg Realty, Inc. is continuing its success in being one of the nation’s fastest-growing Real Estate Agencies with the addition of the Agents to the firm.
Co-op and condo tax break drama unfolds
When hundreds of thousands of condominium and co-op unit owners open their tax bills July 1, the amounts they see may not accurately reflect what they owe.
Judge Won’t Block $74M In Condo Sales For Mogul Swig
A New York state judge on Tuesday refused to block proceeds from $74 million in condominium sales from going to real estate mogul Kent Swig, finding that Swig’s partners in a joint venture failed to show evidence of irreparable harm from his control of revenue payments.
Virtual Doorman Service Opens Up a World of Possibilities for Luxury Apartment Dwellers in New York City
Virtual Doorman’s state-of-the-art remote doorman system now offerssecure visitor monitoring services that give thousands of New Yorkers the ability to pack up and head out at a moment’s notice.
Previous tenants accused of forcing way into apartment, assaulting tenants
Utica Police make two arrests stemming from a fight that took place last week on Neilson Street. On June 19th, Utica Police responded to 1114 Neilson Street after a report that the previous tenants forced their way into the apartment and attacked the people currently living there.
Webb Ave. tenants file lawsuit in Bronx housing court as some return home after fire escapes nightmare
Bronx tenants evacuated three weeks ago after their fire escapes were illegally removed sued their landlord Wednesday. Hours later, some were allowed to move home.
Market Ready
It’s important to make your space feel as generous as possible before opening your home to potential buyers — particularly if your sleeping quarters, or those of your children, appear cramped and uncomfortable.
Brown Harris Stevens New York City Agents Named To Top National Real Estate Agents List By The Wall Street Journal And REAL Trends
Brown Harris Stevens is pleased to announce that four agents and three teams based in their Manhattan and Brooklyn offices were named as top agents in the country by The Wall Street Journal and REAL Trends; Senior Vice President, Managing Director John Burger was ranked the top individual agent in New York City.
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