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Thursday, March 28, 2024

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Real Estate News

Prospect Park Nursing Home to Become Luxury Apartments

On Tuesday, September 12, plans were filed by the developer of the Prospect Park West, a pre-war building that was once home to 140...

Billionaire Makes “Buy of the Century” on UES Mansion; Gets 40% Discount

Joshua Harris, co-founder of Apollo Global Management, just purchased an oversized Upper East Side mansion for $45 million. He can be proud to have...

Neiman Marcus Flagship in  Hudson Yards Getting Downsized

The Neiman Marcus flagship store, being built in Manhattan’s Hudson Yards, is getting downsized. The new store was slated to debut in 2018 and...

Real Estate Boom Takes Over Brooklyn’s Flatbush Avenue

Over the last decade, Brooklyn’s Flatbush Avenue has gone through major gentrification. Residents in the area were infuriated when the 24-story rental building...

St. John’s Terminal in Manhattan Under Contract for $700M

St. John’s Terminal, the 1.1 million square-foot former warehouse, at 550 Washington Street is in contract to be acquired by Oxford Properties for about...

Penthouse in NYC’s Pierre Hotel Finally Sells for a Major Discounted $44M

The penthouse that occupies the top three floors in the infamous Pierre Hotel has finally sold, but far below the record-setting asking price...

De Blasio Pushes to Convert Greenpoint Hospital to Affordable Housing

Mayor Bill de Blasio is finally following through on his promise to revive the former Greenpoint Hospital and redevelop it into an affordable housing...

Steinway Tower Owner Loses Bid  to Retain $1B Condo Project

On Tuesday, August 29, in state Supreme Court, Ambase’s last drop of hope to retain its tower now under construction on Billionaires’ Row...

The Story of NYC’s Rare  Horse-and-Carriage Remnants

Considering the fact that New York was a horse-and-carriage town for so many centuries, it is surprising that there are so few stable converted...

Mitsui Fudosan to Take a  90% Stake in 50 Hudson Yards

The most expensive office development in the NYC’s history has found a ready willing and able investor. On Friday September 1st, Japanese developer Mitsui...

Pfizer Will Move to Hudson Yards Tower

Following months of deliberation, Pfizer, one of the world’s largest drug companies, has decided that it will move its downtown office to Hudson Yards....

Sahara Group Ready to Sell Plaza Hotel; Other Owners Balk

Yet another chapter opens in the ongoing drama around the sale of the Plaza Hotel. The hotel’s current majority owner, Sahara Group, has taken...

55-Story Condo Tower Tries to Soar Above Midtown Manhattan

Developers Victor Group and Lendlease Development are trying to raise their 130-unit condo under construction at 277 Fifth Avenue at East 30th Street near...

End of Summer Signifies Best Time  for “House Bargain Shopping” in Hamptons

Since 2014 David Shaulian and Yonel Devico have been trying to sell their glorious eight-bedroom home at 114 Lockwood Avenue in Bridgehampton. The...

Manhattan Pop-Up Shops  Might Be Here to Stay

These days, with the softening real estate industry in Manhattan, stable long-term retail tenants are a scarcity. To compensate, the real estate industry is...

Brooklyn Navy Yard Office  Building Gets Ferry Dock

In the modern office leasing market, it has become more and more important to tenants to have “cool” amenities, especially those is the creative...

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