The housing component of the city’s effort to develop a six-acre lot along the Gowanus Canal known as “Public Place” could nearly double if the winning team joins with a property owner to the south.
Two worrisome trends for the economy — falling house prices and the rising cost of everything else — picked up speed in data reported on Tuesday, putting policy makers in an increasingly tough position.
St. Vincent’s Hospital officials are drafting a response to the Community Alternative Plan proposed last December to counter the St. Vincent’s/Rudin Organization redevelopment plan for a new hospital on the west side of Seventh Ave. and residential development on the east side of the avenue.
When city planners look at the sunken area at the mouth of the Brooklyn Battery Tunnel, they see air rights. For years, the city has been considering decking over the tunnel entrance, creating over a million square feet of air rights that could be sold to developers.
Judges in at least five states have stopped foreclosure proceedings because the banks that pool mortgages into securities and the companies that collect monthly payments haven't been able to prove they own the mortgages.
Former media tycoon and firm spar over a Park Avenue commission. Hell hath no fury like a real estate broker scorned, especially when it involves a multi-million dollar deal, the client refuses to pay the commission and the FBI makes an appearance at the closing. We hear that Mr. Black won his dispute with his agency recently, on the grounds that the brokerage did not disclose its dual agency relationships.
Most of the condos in the newly converted Plaza Hotel are empty, although nearly 100 apartments have been sold.
Federal, state and city officials joined several civic organizations today to express support for a new four-acre waterfront park that would be built in the shadow of the United Nations and cost as much as $100 million, but the project faces considerable logistical and financial hurdles.
With fewer condo projects coming on line this year, what will happen to new development divisions?
Harry Macklowe may lose billions of dollars in real estate. This would be a bitter end to the career of one of New York City real estate's most polarizing figures.
Experts interviewed for The Real Deal's Q & A this month said there is virtually nothing on the market for less than $1,600 a square foot and note that one penthouse in the former Superior Ink factory, converted by the Related Companies, went for $4,000 a square foot.
The real estate market these days is a tale of two Americas, and one of them is not doing too badly.
New York Magazine has recently partnered with brokerage Halstead Property, while the New York Observer and the New York Sun have joined up with the Real Estate Board of New York's listing portal, ResidentialNYC.com.
Architect-developer Peter Moore hasn't had much luck in the Far West Village. His proposed rezoning of a five-block area, which would clear the way for a 560-unit residential development, has been rejected by a community board.
The early verdict on the federal economic stimulus plan signed on Wednesday by President Bush is that it will offer mortgage borrowers some relief but less help than industry executives expected. While the final plan raises the size of a mortgage that a borrower can take out without its being categorized as a jumbo loan, the new limit could be lower than initially proposed.
If there is a bright spot in New York City’s uncertain real estate market, it is that over the last several months, some first-time buyers have found it easier to buy apartments.
A little-known section of Coney Island's redevelopment plans could turn legendary hot dog haven Nathan's Famous into a towering wiener wonderland with clubs, stores and hotel rooms.
West Village townhouses are increasingly breaking the $10 million mark and attracting the city's wealthiest buyers.
Heavy industrial uses have taken place along the two-mile canal for over 100 years, leaving toxins in the soil so concentrated that in some areas it could be set aflame.
A Manhattanville commercial building that Columbia University purchased will be used for relocating residents
A condo at One Central Park, part of the Time Warner Center, has flipped for $24.48 million
The fact is, neither the expansion of the subprime market nor the proliferation of exotic interest-only or option-ARM mortgages would have been possible without federal laws passed in the 1980s.
The Association of Foreign Investors in Real Estate said foreign investors named New York as the No. 1 city for commercial real estate investment, up from No. 2 the prior year. Washington, D.C., and London tied for second, while Paris followed at fourth and Shanghai at fifth.