10:55:15 | 2012-08-24
Good Morning New York! Here’s the Real Estate News:
The Most Pampering, the Highest Fees
AFTER paying $15.5 million last November for a 3,000-square-foot apartment at the Carlyle, you would think the Hollywood power broker Brad Grey could rest easy knowing he had bought into a hot Manhattan luxury market.
Justin Timberlake real estate rumors of a move out of Soho bachelor pad are totally un-Justified
Justin Timberlake and fiancée Jessica Biel are about to embark on the next chapter of their lives together – but that doesn’t mean that recent media reports he’s unloading his bachelor pad are Justified.
Meet New Yorkers who live near Yankee Stadium
Latin food, Jewish food, sneaker stores, kids on skateboards flying past majestic apartment buildings on the Grand Concourse, grafitti that is art and Yankee Stadium. The area around the Bronx Courthouse, Joyce Kilmer Park and Walton Ave. has more verve than almost any other city neighborhood.
New York Considering Sea Barriers One Year After Storm (MAP)
Two years before Hurricane Irene created the prospect of a flooding nightmare in New York City, 100 scientists and engineers met to sketch out a bold defense: massive, moveable barriers to shield the city from a storm-stirred sea.
New Midtown East Towers Opposed
The city’s plan to transform the Midtown skyline by allowing for new office towers near Grand Central Terminal has encountered stiff opposition from local leaders and community groups who complain the proposal is being rammed through in the twilight of Mayor Michael Bloomberg’s last term.
Is this the best living room in New York City?
Looking north over the American Museum of Natural History and Central Park through a movie-screen-size wall of steel-cased windows, a single living room with 24-foot-high ceilings is half as long as a basketball court.
City Plans To Modernize Midtown Manhattan Buildings
It’s one of the city’s most premier office districts. East Midtown, around Grand Central Terminal, is a major job and transportation hub but an aging building stock could threaten the area’s future. So now, the department of City Planning is looking at ways to help maintain its cache while bringing the area into the 21st century.
$100 Million Homes: In The Stratosphere Of Real Estate, Logic Breaks Down
When it comes to selling real estate, price is everything. Whether a $5 million mansion or a $100,000 fixer-upper, asking prices are usually based on a mix of comparable property listings and sales, house and land size and the property’s condition.
NYC’s South Street Seaport Redevelopment Planned at Pier
Howard Hughes Corp., the real estate company whose chairman is hedge-fund manager William Ackman, reached a deal to redevelop Pier 17 at its South Street Seaport property, one of Manhattan’s most popular tourist areas.
‘Boroughing’ in to New York City
Writing about Ellis Island last time, I mentioned that the U.S. Supreme Court ended years of controversy over exactly where the old immigration station — now a museum — officially sits. New York Harbor, of course. In New Jersey waters, not New York’s, it turns out.
Financing Student Housing
AS college students prepare for fall classes, some of their parents or grandparents will be studying up on the real estate markets near campus. Investing in student housing may not only help to reduce the room-and-board portion of the tuition bill, but also provide a revenue source, and in some cases a tax deduction.
H&M’s Biggest Store Ever Is Going To Be In NYC
H&M’s largest store is currently in Las Vegas. But that’s about to change, according to Izzy Grinspan at Racked. The fast-fashion retailer just signed a lease for a 57,000 square foot property at 5th Avenue and 48th street.
Vornado pockets SoHo retail condo for $31M
Vornado Realty Trust has purchased the 9,200-square-foot SoHo retail condo at 501 Broadway for $31 million. The store runs through the block to 72 Mercer St. and lies between Spring and Broome streets. The retail space, occupied by Necessary Clothing, has 3,800 square feet on the ground floor, a 484-square-foot mechanical mezzanine, a 4,800-square-foot selling basement and a 500-square-foot storage sub-basement.
St. Vincent’s Developer Seeks Access to Neighboring Luxury Condos
The developer turning the former St. Vincent’s Hospital into luxury condos is hauling its high-end neighbors into court, demanding access inside their apartments to shield them from imminent construction.
Leonardo DiCaprio’s Angel Erin Bubley Lands in West Village Pad
It’s been one lucky break after another for Erin Bubley, aka Erin Heatherton, the girl from Skokie, Ill., who moved to New York to become a model and caught the eye of Leonardo DiCaprio—all while strutting around in bedazzled lingerie for Victoria’s Secret.
W.S.V. residents sue N.Y.U. to save garden, playground
Arguing that the threatened Sasaki Garden and the Key Park playground are “required” parts of their residential experience in Washington Square Village, the complex’s rent-stabilized tenants have filed a lawsuit to block New York University’s development plans on their superblock.
French firm teas up 2 NYC outposts
Add another to the stream of outfits opening tea shops in New York. Paris-based Le Palais des Thés is planning to open its first Manhattan shops, one each on the Upper West Side and in SoHo, in November.
Vandals cause $100,000 damage at historic NYC cemetery where politicians, entertainers buried
Dozens of tombstones and memorials have been vandalized at a historic New York City cemetery where celebrities are buried, causing $100,000 in damage. The Daily News (http://nydn.us/ObQVzs ) says groundskeepers on Tuesday discovered 51 damaged and toppled plaques and statues scattered throughout Brooklyn’s Green-Wood Cemetery, which opened in 1838.
Donald fires suit at resort
Donald Trump has a message for a bunch of developers in the Dominican Republic: You’re sued! The Donald slapped Cap Cana S.A. and its owners with a $5.8 million-plus suit yesterday for allegedly stiffing him on licensing fees to use his name on the Trump at Cap Cana luxury resort. The 8,000-acre, oceanfront project was launched in 2007 with sales of the Trump Farallon Estates at Cap Cana, a gated community of 68 lots costing $3 million to $12 million each.
Brooklyn’s waterfront calls dibs on outlet mall
Interest among developers in bringing a Woodbury Commons-like outlet mall to the city appears to be ballooning, with three real estate companies now vying to build New York’s first discount shopping—each with its own borough in mind.
Israeli businessmen fall for real-estate scam
A group of Israeli businessmen wanted to benefit from the great 2000s New York real-estate boom. But like others before them – as they claim in the lawsuit they filed – they were victims of a scam. Two American businessmen have made promises of great returns for a relatively low investment in a Harlem apartment building. In reality, the entrepreneurs cheated them out of their money.
Biden to raise cash with rich & famous in the Hamptons
Vice President Joe Biden will visit one of the wealthiest ZIP codes in the nation, and mingle with rich and famous, on Friday to raise campaign cash. The vice president will attend two fund-raisers in Bridgehampton, one of the tony enclaves in the Hamptons on the East End of New York’s Long Island, CNN confirmed.
‘The Clubbiest Club in New York’
IN July the prim neo-Georgian Harvard Club of 1894, on 44th Street between Fifth and the Avenue of the Americas, lifted its veil of construction netting. Newly spruced up, it’s the oldest club on what was once a block of such institutions, including New York Yacht and Yale. Most of the clubs are gone, but Harvard expanded twice, and in 2003 built a controversial third addition that has only recently lost its novelty.
Metropolitan, With Space for Mom & Pop
Long a secondary commercial thoroughfare in Forest Hills, Metropolitan Avenue has raised its profile in recent years—without giving up much of the mom-and-pop shop culture that characterized it for decades.
For a Buyer Who Has Everything
THIRTY years ago, desiring more space than their Manhasset Tudor provided, Steve and Helene Kosoff bought a stable, an unfinished carriage house and two outbuildings on five acres of a subdivided Gatsby-era 65-acre estate in Matinecock known as Farnsworth.
New Houses Shed Excess Feet
BUILDERS in parts of Westchester and counties farther afield are finally venturing forth into the market once again — but steering well clear of the megamansions that were popular before the real estate market tanked.
SL Green JVs on Second High-Rise Dorm for Pace
A partnership led by SL Green Realty Corp. will develop a second high-rise dormitory for Pace University in Lower Manhattan. The joint venture, which also includes Israel-based Harel Insurance and Finance Group and locally based Naftali Group, will convey a long-term ground lease condominium interest to Pace when the 30-story tower at 33 Beekman St. is completed in 2015.
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