• Futuristic Halo Above Grand Central Station

    Futuristic Halo Above Grand Central Station
    Architecture Firm Wants To Build This Crazy, Futuristic Halo Above Grand Central Station (Business Insider) - Skidmore, Owings & Merrill, an architect firm with offices here in New York, has proposed a futuristic-looking halo to be suspended between two buildings over Grand Central Station as part of an initiative to bring the travel hub back to its past glory, according to The Wall Street Journal. SOM's proposal was of a handful of plans submitted to transform Grand Central. WXY Architecture [...]
     
  • Hunger Games Director Gary Ross Finds Own Pleasantville in West Village | Observer

    Hunger Games Director Gary Ross Finds Own Pleasantville in West Village | Observer
    Hunger Games Director Gary Ross Finds Own Pleasantville in West Village (Observer) - There’s nothing dystopian or post-apocalyptic about the three-bedroom, three-bath condo that Hunger Gamesdirector Gary Ross just bought in the West Village, but we expect that Mr. Ross must have engaged in at least a little hand-to-hand combat to get the place for $2.7 million. While not much of a discount from the $2.85 million ask, this was a broker-owner sale, and we guess that Prudential Douglas Elliman [...]
     
  • Google’s Sergey Brin Becomes Real Estate Mogul | NBC

    Google’s Sergey Brin Becomes Real Estate Mogul | NBC
    Google's Sergey Brin Becomes Real Estate Mogul (NBC) -  Google co-founder Sergey Brin is now in the real estate business, quietly backing a real estate company that specializes in renovating and renting Los Altos commercial properties, it was reported Thursday. The company, Passerelle Investment Co., is also known for helping to keep some existing storefronts in place and charging below-market rents, according to the Wall Street Journal. So far Passerelle has paid millions to buy about six [...]
     
  • New York Considering Sea Barriers One Year After Storm | HP

    New York Considering Sea Barriers One Year After Storm | HP
    New York Considering Sea Barriers One Year After Storm (Huffington Post) -- 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. Though the storm caused billions of dollars in damage along the Eastern Seaboard, Irene proved not to be the urban catastrophe forecasters feared. But in the [...]
     
  • Trulia Files For $75M Initial Public Offering | Yahoo!

    Trulia Files For $75M Initial Public Offering | Yahoo!
    Trulia files for $75M initial public offering (Yahoo!) - Trulia Inc., which operates the real estate website Trulia.com, on Friday filed for an initial public offering that could raise up to $75 million. In its filing with the Securities and Exchange Commission, the San Francisco-based company did not say how many shares it planned to sell or what they would be priced at. The $75 million figure is an estimate used to determine the filing fee [...]
     
  • Why Is the World Trade Center Lit Up Red? | OBSERVER

    Why Is the World Trade Center Lit Up Red? | OBSERVER
    Why Is the World Trade Center Lit Up Red? It’s Some Kind of Salute to the Troops (Reuters) - We first noticed it two weeks ago, crossing the Pulaski Bridge between Long Island City and Greenpoint. There it was, monolithic on the skyline as it has been for months now. But there was something different about 1 World Trade Center. Poking up from beneath the skyline of the warehouses in the foreground and the office buildings [...]
     
  • Skating Rinks to Yoga Are Latest Ploys for Hotel Revenue | BUSINESSWEEK

    Skating Rinks to Yoga Are Latest Ploys for Hotel Revenue | BUSINESSWEEK
    Skating Rinks to Yoga Are Latest Ploys for Hotel Revenue (Businessweek) -  A new high-end hotel in Manhattan’s Union Square will have either an art gallery, doctor’s office or yoga center, part of a plan to generate more than 10 percent of the property’s revenue through sources beyond its 175 rooms. “We’ve done as much as we could on the cost-cutting side,” said Neil Shah, president and chief operating officer of Hersha Hospitality Trust (HT) (HT), which [...]
     
  • The Many Houses of Tom Cruise and Katie Holmes | AOL

    The Many Houses of Tom Cruise and Katie Holmes | AOL
    The Many Houses of Tom Cruise and Katie Holmes (AOL) - In case you haven't heard (and if you haven't, are you living under a rock?!), Hollywood power couple Tom Cruise and Katie Holmes have called it quits. But here at AOL Real Estate, what we want to know is: What's going to happen to all of their homes? Only time will tell, but thanks to the crack team at Trulia, we can at least [...]
     
  • Tension for East Hampton as Immigrants Stream In | NEW YORK TIMES

    Tension for East Hampton as Immigrants Stream In | NEW YORK TIMES
    Tension for East Hampton as Immigrants Stream In (New York Times) - The Long Island Rail Road station in the town of East Hampton is a manicured place; the little white station house flanked by tidy trees almost looks like a child’s toy that just came out of the box. It is a short drive from the beach and steps from lavish boutiques, stores like John Varvatos and Coach. On any summer day, caravans of [...]
     
  • Office Market Recovery Slows To A Crawl | REUTERS

    Office Market Recovery Slows To A Crawl | REUTERS
    Office Market Recovery Slows To A Crawl (Reuters) - The office market's recovery, which began a year and a half ago, slowed in the past three months as weak employment and worries about the economy discouraged renters, according to a report by real estate research firm Reis Inc. The vacancy rate did not budge. Prices barely increased. The vacancy rate - at 17.2 percent in the first and second quarters of this year - is [...]
     
 

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