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newsreal
peter's bookmarks on real estate and new york city in the media
Friday, June 27, 2008 | - The New York Sun

Tax Increases Avoided as City Budget Deal Is Reached

Sounding a somber note, Mayor Bloomberg and the City Council announced a budget deal that provides new funding for schools, avoids tax hikes, and would increase overall spending only slightly.

Friday, June 27, 2008 | - downtownexpress

The new Downtown: Nearly half will live in FiDi

A report done for Board 1 by the Manhattan borough president shows that the fastest growing area in Lower Manhattan is the Financial District, and by 2013 it is expected to have more than double the people it had in 2000.

Friday, June 27, 2008 | - downtownexpress

C.B. 1 approves Ratner’s tax break just by saying no

Forest City Ratner executives threatened to halt construction of the new school on Beekman St. unless they receive a 20-year tax break from the city.

Friday, June 27, 2008 | - NYTimes.com

The New York City Waterfalls

The New York City “Waterfalls” are the remnants of a primordial Eden, beautiful, uncanny signs of a natural nonurban past that the city never had.

Wednesday, June 25, 2008 | - NYTimes.com

Approval Is Near for Bill to Help U.S. Homeowners

With sinking home values continuing to drag down the economy, Congress is poised to approve a huge package of housing legislation, including a refinancing program aimed at rescuing hundreds of thousands of homeowners in danger of foreclosure and the most sweeping government overhaul of mortgage financing since the New Deal.

Sunday, June 22, 2008 | - The Real Deal

Discouraged by 421-a changes, developers sell sites

While many developers have been racing to get started on projects before changes in the 421-a tax abatement take effect, another group has thrown in the towel, tripped up by the deadline and the faltering economy. As a result, dozens of development sites with approved plans for condominiums are on the market all over the city.

Sunday, June 22, 2008 | - The Real Deal

Condos on the chopping block

As sales have slowed and inventory has grown, developers are clamoring to move new development condo units, many by adjusting prices. Price cuts are outpacing price increases, and prices appear to be falling on the whole in the two most active boroughs for development, Manhattan and Brooklyn, particularly in Harlem and much of Brooklyn.

Sunday, June 22, 2008 | - The Real Deal

HL23's High Line neighbors object to crane

Neighbors of Alf Naman's flashy HL23 condominium building will seek to block its construction unless a crane to be located near the front of their building can be operated safely, according to court documents filed this week.

Sunday, June 22, 2008 | - The Real Deal

Board OKs NYU plan to demo buildings around Provincetown Playhouse

Community Board 2 has voted in favor of New York University's plan to preserve the Provincetown Playhouse theater but demolish the building's surrounding structures. Originally, NYU planned to demolish the entire site, but agreed to preserve the theater's walls and facade in May after the plan drew protests. NYU restored the theater in 1998 after it was closed for several years.

Sunday, June 22, 2008 | - NYTimes.com

Albemarle Road, Brooklyn's Stately Esplanade

The grandest of all the streets in Prospect Park South is Albemarle Road, a broad, esplanaded boulevard of stately neo-Classical, Queen Anne and Colonial style mansions. In fact, for the three blocks from Argyle to Buckingham Roads, Albemarle is one of the grandest residential streets in the whole city, even with some dings and dents.

Sunday, June 22, 2008 | - NYTimes.com

Company Hired to Test Concrete Faces Scrutiny

Prosecutors are investigating whether the leading concrete testing company in the New York area, which has been hired to measure and analyze the strength of the concrete poured at some of the biggest construction projects in the city, failed to do some tests and falsified others. Concrete testing at Yankee Stadium and Freedom Tower is being scrutinized.

Friday, June 20, 2008 | - NYTimes.com

Board Backs Rise in Rent Up to 8.5%

The board that regulates rents for New York City’s one million rent-stabilized apartments approved its highest rent increases in years, angering tenants who said high rents were forcing the poor and working class out of the city.

Tuesday, June 17, 2008 | - The Real Deal

At Brooklyn's new priciest condo

Last month, a $7 million-plus sale at Dumbo's One Main Street, beat out a unit at One Brooklyn Bridge Park for the most expensive condo ever sold in Brooklyn.

Tuesday, June 17, 2008 | - The Real Deal

Discouraged by 421-a changes, developers sell sites

While many developers have been racing to get started on projects before changes in the 421-a tax abatement take effect, another group has thrown in the towel, tripped up by the June 30th deadline and the faltering economy. As a result, dozens of development sites with approved plans for condominiums are on the market all over the city.

Tuesday, June 17, 2008 | - The Real Deal

New legislation would rein in Atlantic Yards

Brooklyn politicians and civic groups proposed legislation today to create a trust that would impose more public control over the construction of Forest City Ratner's Atlantic Yards mega-project in Brooklyn.

Tuesday, June 17, 2008 | - Chelsea Now

Community, city peer down 11th Ave. rezoning

Developers and the community are looking at proposed set of zoning changes which would extend the Special Clinton District north and west. It would declare much of the east side of the avenue a residential zone, and re-classify the industrial zone on the west side to allow for office space, while prohibiting new hotels.

Tuesday, June 17, 2008 | - The Real Deal

Neil Denari's HL23 on exhibit

The construction of architect Neil Denari's condo building on the High Line, HL23, is chronicled in an exhibit at the Museum of the City of New York.

Sunday, June 15, 2008 | - NYTimes.com

A Lot-Ek Solution— Architecture from Recycled Materials

How a New York-based architecture team turned the detritus of urban life into a design virtue.

Sunday, June 15, 2008 | - NYTimes.com

Face Value

Anyone who has marveled at the swooping, jagged, iridescent and crystalline curtain walls of the contemporary cityscape, might well have wondered about who ensures that every facet is precisely cut? Enter the facade consultancy, a new category of expert in which Front is the leader.

Sunday, June 15, 2008 | - NYTimes.com

Metropolis Now

A. O. Scott's tone poem begins the latest incarnation of the NY Times Magazine's Architectural issue. It draws attention to the power of pure imagination and social forces, creating the cities of the future in both in our cinema, and perhaps in reality.

Sunday, June 15, 2008 | - amny.com

Arabs, Europeans taking over NYC skyline?

Over the past few years, as the dollar has weakened and both oil prices and the euro have risen, overseas investors have bought large swathes of commercial and residential real estate in the city.

Sunday, June 15, 2008 | - amny.com

Italian group plans to buy stake in NYC's Flatiron

An Italian property group said it is in advanced talks to take a majority stake in Manhattan's landmark Flatiron Building— one of the first skyscrapers in America.

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