09:35:20 | 2012-08-13
Good Morning New York! Here’s the Real Estate News:
Media Turning to New Page
Nielsen, the marketing and advertising research company, is nearing a deal to move to the former Goldman Sachs headquarters building near the New York Stock Exchange in what would be the latest shift by a major media company to the Financial District.
Kickstarter Ditches Lower East Side for Greenpoint
For three years, the Lower East Side offered its commercial real estate as proving grounds for red-hot start-up Kickstarter. The global crowdfunding service headquartered itself at 155 Rivington Street, yet rarely publicized that fact. Those days are surely coming to a close (stop calling me Shirley).
Rise of the Mega-Listings: $50 Million-Plus Apartments Abound in NYC
Psst, want to buy a mega-mansion? Here in New York, we’ve got plenty, and more all the time. There are at least eleven properties now on the market for $50 million or more, according to Streeteasy.com’s Sofia Song — the highest number ever.
Aussie dollar ups the lure of luxe digs offshore
PERHAPS you’re thinking New York condo, a luxurious Balinese villa or an apartment by the ski slopes of Queenstown in New Zealand. If you’ve got some spare cash to splash around, the high Australian dollar is making buying property in popular overseas destinations even more attractive than usual.
RentalEngine Helps You Search For NYC Apartment Listings That Are Actually Accurate
For the past few months I’ve been on the hunt for a new apartment, and I’ve learned something very important. A relatively high percentage of the listings searchable on Craigslist, StreetEasy, etc. are expired.
Micro-Subletting Is Thriving in New York — But Is It Legal?
Micro-subletting is a pretty good business in New York these days. As the New York Postrecently reported, residents throughout the city are “bringing in tens of thousands of dollars” renting out their units or spare rooms for days or weeks at a time.
Real Estate Tourism: Who’s Really Buying America’s Homes?
Russian billionaires have been making headlines for snapping up some of the most opulent homes in the United States. Yuri Milner ‘overpaid’ by 100% on a $100 million Silicon Valley mansion in 2011. Dmitry Rybolovlev’s daughter bought an $88 million penthouse in New York City (after spending $100 million on Donald Trump’s Palm Beach palace in 2008).
Suffering From Allergy? How To Allergy-Proof Your Home
When summer comes to an end and fall begins, you have my permission to prepare for allergies. After all, that’s the time when the seasonal allergens, dust, and mold affect your eyes, nose, and generally annoy the heck out of your whole body.
Rent a backyard in NYC for $100 an hour
The first sign that something strange is happening on Ludlow Street is the fence, which is long and green and decidedly out of place amid a cluster of city buildings. Peer through its holes and things get even more confusing: Is that a backyard? In the middle of Manhattan?
Top 10 neighborhoods for real estate investment
It’s inched back. Now, the real estate market might be ready to roar. Last spring, the New York City luxury market made a statement with three major sales in a week: highest condo ever sold at more than $90 million, One57; highest co-op at $54 million, 740 Park; and a $70 million sale at the Ritz-Carlton on Central Park South.
Ex-worker suing real estate boss, Jack Terzi, for $5 million for abuse, fines, and urinating
A foul-mouthed boss from hell unzipped more than his lip in torturing his young assistant. Brash real estate broker Jack Terzi urinated on the underling’s clothes during a three-year reign of terror in their Manhattan office, according to a astonishing new lawsuit.
Yankees star Alex Rodriguez looking to sell his 20,000 square-foot Miami home for $38 million
Yankees third baseman Alex Rodriguez has his waterfront Miami mansion on the market for a cool $38 million. A-Rod bought the pricy digs when was romancing Cameron Diaz for $24 million.
The block that rocks
On a balmy Saturday evening, an eclectic mix of partygoers gathers at the terrace bar atop the Wythe Hotel, a new resort in Williamsburg, a neighbourhood in the borough of Brooklyn. Alongside the predictable ripped denim and thrift-store T-shirts, the guys don an unkempt preppy uniform of crumpled button-ups from Steven Alan and frayed cutoffs from J.Crew.
New York Acts Quickly Amid Sharp Rise in Homelessness
The homeless population in New York City has jumped sharply over the last year, causing a record number of people to enter the shelter system. The increase has forced the Bloomberg administration to open nine more shelters in just the last two months — sometimes with only a few weeks’ notice to surrounding neighborhoods.
These are the most expensive apartments in New York City
A new crop of trophy apartments has hit the market and taken Manhattan real estate to an unprecedented degree of luxury. This summer, three apartments have become available at chart-topping prices of $95 and $100 million.
Popcorn and Property
Reading International is one of the largest cinema owners in the U.S., but unlikeRegal Entertainment (ticker: RGC), Carmike Cinemas (CKEC), or Cinemark(CNK), it isn’t a name that leaps to most investors’ minds.
Ex-Vornado exec’s buying spree hits 19
Trevi Retail is on a wild Manhattan shopping spree. In its latest deal the real estate investment firm closed this week on its purchase of 785 Madison Ave., between East 66th and 67th streets, for close to $18 million. That marked Trevi’s 19th acquisition since the firm launched just under a year ago, according to chief executive Rockie Gajwani.
Hudson Yards: NYC’s Town Within A City
New York lost the 2012 Olympics, but the city’s bid for the summer games spurred another, visionary venture: building up the largest undeveloped parcel in Manhattan. While London got the games, New York was left with the best opportunity for development remaining in town.
Airport for Hamptons Jet-Setters for Sale
It’s an airport that serves the jet-set, but it doesn’t allow jets. Montauk Airport, which features a 3,200-foot landing strip, one small hangar and an office, is up for sale for an asking price of $18 million.
Lots in Yonkers
When it’s finished, Monarch at Ridge Hill will include four 12-story buildings and 500 condos. It will have 24-hour doorman service, a two-story fitness center, an outdoor pool, a playroom and bike storage. Pretty run of the mill, as far as new condos go.
1385 Broadway Proves Magnet for Chelsea, Soho Companies
In what has become a familiar story lately, Bloomingdale Properties’ 1385 Broadway—a 435,000 square foot office property in what has until recently been best known as the Garment District—has grabbed a non-apparel tenant away from Soho.
Housing Overcrowding Battle Divides East Hampton
With beautiful homes and breathtaking landscapes, the real estate in East Hampton sells itself. But pop into a town hall meeting and you’ll find residents saying it’s turning into a place they don’t want to live.
Hamptons Developer Dies in Crash; Son of Top LI Developer Cited
Police on Friday confirmed that Gregg Saunders, the retail developer who owns the Wainscott building where Whole Foods opened this summer, died in a head-on crash on Montauk Highway in East Hampton on Thursday.
This Month in Queens Real Estate: August 2012
The Queens’ housing market continues to recover, indicated by a balanced supply of inventory and increasing home prices across the county. Abigail Herrera states, “The very favorable market conditions are helping to unleash a pent-up demand, which is why housing supplies have tightened and are supporting growth in home prices.”
What’s the Deal
n investment firm that has been targeting distressed Manhattan property is pumping more money into an ailing Lower Manhattan office building that it first got involved with two years ago, according to a person who has been briefed on the situation.
For Bike Advocates, Delayed Gratification
IT was supposed to be the summer of bike share. And for Transportation Alternatives, the bicycle and pedestrian advocacy group, it was supposed to be a time to celebrate. A fund-raising party in Boerum Hill, Brooklyn — complete with a choreographed “Bike Ballet” — was set for Aug.
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