Ashkenazy Could Make $30M On Rent Increase for Barney’s in Midtown After Arbitration
Things aren’t looking good for Barneys after a New York arbitrator’s ruling means the company’s flagship store could soon be facing twice the rent it currently pays, according to The New York Post. Ashkenazy Acquisition Corp. is now free to…
Related Companies High Line Project Getting West 18th St Condo Tower
Related Companies will soon have two more retail spaces right across from their project right by the High Line. The Real Deal reviewed records showing a lease for the commercial condo units at 505 W. 19th St. signed on June…
Upper Floors of Gucci Bldg Bought by Michael Shvo & Partners for $135M
The illustrious real estate mogul Michael Shvo and partners have big plans in midtown as they bought up the upper floors of what used to be the Gucci Building for $135 million, The New York Post reports. The three-year effort…
Morris Bailey’s 1WSQ Building Will Give Brooklyn The Skyline It Deserves
The heart of downtown Brooklyn is about to change for the better. One Willoughby Square, also known as 1WSQ or 420 Albee Square, will become the tallest Class A building in Brooklyn and forever complement the skyline. The outer beauty…
National Home Sales Slowdown Takes Toll in Manhattan Too
New York’s real estate market has naturally always offered prime locations, but the market had been doing so well in recent years as a record influx of wealthy foreign buyers, a growing population and historic high employment boosted the market,…
900 Affordable Apartments Coming to Bklyn’s Brownsville Area
Good news is coming for Brownsville in Brooklyn, which is set to add about 900 affordable homes over three separate sites, the city’s Department of Housing Preservation and Development announced on Thursday. All three projects will make use of city-owned…
Chinese Backing Away from American Real Estate
Chinese real-estate investors have become synonymous with real estate in America. A number of Chinese tourists come just to scout New York’s prime real estate, but that trend has completely reversed, in part because of pressure from Beijing. Chinese…
Russian Mission in Bronx Evokes Espionage Fears Among Residents
Even in quiet and pretty areas of the Bronx, a Cold War may still be brewing. The action takes place in northern Riverdale, an area notable by its, white apartment complex that houses diplomats and others who work for Russia’s…
Council Speaker Avoiding Union Square Tech Hub Situation
The current City Council speaker is keeping tight-lipped about controversial plans to develop a tech hub and office center on 14th Street. City Council Speaker Corey Johnson told Crain’s he is not involved in the negotiations between Mayor Bill de…
Millennium Wants Out of Kushner-Owned 666 Fifth Ave
High-powered hedge fund Millennium Management wants to move out of Kushner Company’s 666 Fifth Ave. in what’s the latest possible blow to the cash-hemorrhaging tower, The New York Post reports. Millennium, headed by Israel “Izzy” Englander, could vacate a 170,000…
NBA Billionaire Owner Michael Rubin in $43M Downtown NYC Penthouse Sale
Half of an $80 million penthouse at the Herzog & de Meuron-designed 160 Leroy Street is expected to close at $43 million, making it the most expensive home sold south of 14th Street, The New York Post reports. This larger…
Qatari State-Owned Company Buys NYC’s Plaza Hotel for $600M
A Qatari state-owned company has taken over New York’s Plaza Hotel, according to the operator of the historic property. Katara Hospitality, Qatar Investment Authority’s hotel division, finalized the purchase on July 2, according to a representative for Accor SA, which…
Harvey Weinstein’s Brother Sells Manhattan Duplex for $20.5M
You’re only as good as your last film, as the saying goes in the movie industry. If you’re the brother of a once-powerful man who abused that power to make or break careers, then it may be time to sell…
WeWork Leases Final Two NoMad Spaces
The hip and hopping area in midtown known as NoMad is filling out even more now that two new spaces were just leased. WeWork just signed a 10-year lease for 11,818 square feet, taking up the last two spaces at…
Basement Dwelling Could be The Way of the Future in NYC
High rent is almost an overdone, nauseating joke to New Yorkers and most people who live in the Northeast. It’s a punchline understood across the entire 50 states, with only residents in places like Seattle and San Francisco who also…