06:56:56 | 2012-08-14
Good Morning New York! Here’s the Real Estate News:
Income to Soar for Empire State Building
The Empire State Building’s income is poised to double within four years and more than triple by 2026, according to a new securities filing related to the proposed public sale of the building.
Flexible Board Sweetens Deal for $280K 2-Bedroom Co-op in Astoria
With roughly 700 square feet of living space, the third floor two-bedroom apartment for sale at the Acropolis Gardens may have been smaller than some prospective buyers had hoped, but the appeal increased because of a motivated seller and a co-op board that makes it easy for buyers to rent out.
NYC’s Midtown South Has Strongest Leasing Month In Five Years
Office leasing in Manhattan’s midtown south had its strongest month in more than five years and rents increased as the area’s popularity grew, according to a report by CBRE Group Inc. (CBG)
RealDirect launches buyer service
New York City buyers now have another local discount broker option. New York City-based discount brokerageRealDirect Inc., which beganoffering discount brokerage servicers to sellers in 2010, has launched a buyer service.
Repair New York City’s Housing Issues
More than 650,000 people live in housing that is controlled or subsidized by the New York City Housing Authority. Too many have to wait for months for needed repairs to leaking plumbing and other problems.
Giant JetBlue Sign Lands on Queens Plaza Rooftop
A massive and controversial JetBlue sign has taken its place atop the airline’s new headquarters in Long Island City, further changing the neighborhood’s skyline, which is already dotted with many new high-rises and hotels. The sign was installed over the weekend at the historic Brewster Building, at 27-01 Queens Plaza North, but has not been lit yet.
Brooklyn Heights residents protest Bossert Hotel’s plan to build rooftop bar and restaurant, citing noise
A bar battle is brewing in Brooklyn Heights where residents are foaming mad over a controversial developer’s plan to open a rooftop suds spot and restaurant at a historic hotel.
Oscar-Winning Actress’ $10M Central Park West Pad Sparks Family Feud
The battle over Oscar-winning actress Celeste Holm’s estate is turning into a summer blockbuster, and the main fight scene is set at the $10 million Central Park West love nest she shared with her younger hubby.
Where should New York City’s first full-fledged casino be?
The Daily News reported Monday that Assembly Speaker Sheldon Silver would consider Willets Point and Aqueduct Racetrack in Queens and Coney Island in Brooklyn as locations for the city’s first casino with dealers and table games.
130 Authors Raise More Than $200,000 for East Hampton Library
The eighth annual Authors Night on Saturday evening once again proved to be a successful fundraising effort for the East Hampton Library. With 130 authors under a tent at Gardiner Farm in East Hampton Village (the event was moved there due to the library’s children’s wing construction project), more than $200,000 was raised.
Kidd’s $4M pad-dunk
New York Knicks point guard Jason Kidd spent more than $4 million on his new apartment at The Aldyn, Extell Development’s waterfront condominium at 60 Riverside Blvd. Sources say the four-bedroom, 4 1/2-bath, 2,755-square-foot unit went to Kidd for close to the $4.5 million asking price.
Footwear Designer SUPRA Opens in Brooklyn
The Southern California-based footwear designer Supra known for their unique skate shoes has inked a deal for a new location in Brooklyn. The footwear designer and retailer will open its second New York City location – the first operating out of 4 Prince Street in trendy SoHo – in Beorum Hill at 288 Atlantic Avenue.
Tenants at Tracey Towers mull legal action after city approves 65% rent hike for Bronx housing complex
The moment of truth for Tracey Towers is near. Tenants at the 869-unit Bronx housing complex have fought a precipitous rent hike for more than a year, arguing it will make the property unaffordable. But the increase — 65% over four years — was recently approved by the city, with a 16% bump slated to take effect Sept. 1.
High-Rise REIT Gets a Better View: Opinion
With rates hovering near all-time lows, investors have been searching for securities that will provide them with higher income without a significant amount of risk. REITs have become a popular way of achieving these goals as they have been a source of consistent and stable income based off a diversified business with repeatable results.
Busting out on Third
In a summer leasing market a lot cooler than the temperature, Salesforce.com just signed for a cloud-busting expansion. The San Francicso-based enterprise cloud-computing firm took 74,349 square feet at TIAA-CREF’s 685 Third Ave. — a mega-jump over the 16,350 square feet it currently has at 2 Grand Central Tower across the street.
Real Estate Firm Uses Web Tool to Cut Utility Costs
Real estate development and management firm John M. Corcoran is using new Web-based expense tracking software to help reduce water and energy costs at many of the 12,000 housing units that it manages in New England.
Cooper Square Realty Chosen To Manage New Brooklyn Luxury Rental
Cooper Square Realty, the New York subsidiary of FirstService Residential Management, has been selected to manage 111 Kent Avenue, a new boutique residential rental building located in the Williamsburg section of Brooklyn.
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