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There's a question that's been coming up a good deal lately: Is Atlantic Yards ever going to happen? Time will soon tell. The planned $4.9 billion development--home to a new Nets basketball arena, 15 residential towers, and an office building--is now in a make-or-break few weeks, particularly after a... READ MORE»
There's a question that's been coming up a good deal lately: Is Atlantic Yards ever going to happen? Time will soon tell. The planned $4.9 billion development--home to a new Nets basketball arena, 15 residential towers, and an office building--is now in a make-or-break few weeks, particularly after a big day of activity... READ MORE»
The city's Board of Standards and Appeals approved on Tuesday zoning variances that would allow a 175-foot tower to be built at 437 West 13th Street in the Meatpacking... READ MORE»
As the magazine industry dies a very slow death, its leaders continue to buy up lovely little Manhattan homes. Condé Nast heir Samuel... READ MORE»
More than three years after a legal battle over property takings in Brooklyn began, it's now come to a close. New York's highest court issued a ruling Tuesday morning that upholds the state's use of eminent domain in the $4.9 billion Atlantic Yards project, planned home of 15 apartment towers and a new basketball arena for the... READ MORE»
This September, after a summer of solemn hand-wringing over just how far Manhattan’s luxury real estate market had fallen, the annual batch of post–Labor Day listings was supposed to be modest and humbled. It wasn’t. One corrugated-cardboard magnate, for example, cut the price of his duplex to only $29.5 million, still $14 million more than he’d paid for it. Even as the year crawls to a close, outdated swagger lives... READ MORE»
On Nov. 5, Condé Nast mogul Si Newhouse auctioned his spectacular Giacometti sculpture, L’Homme Qui Chavire, for $17.2 million, though he reportedly paid around $20 million for it. Still, the piece—which translates to “the falling man” or “the man who capsizes”—sold for a lot more than its $8 million to $12 million estimate, meaning that Mr. Newhouse knowingly risked losing many... READ MORE»
Back in May, at a state Senate hearing on the $4.9 billion Atlantic Yards project planned for Brooklyn, State Senator Velmanette Montgomery started to launch into criticism of a fellow senator, Marty Golden. Mr. Golden, a Republican and Atlantic Yards supporter (unlike Ms. Montgomery on both counts), had arrived late at the hearing at a Pratt Institute auditorium, and caused a commotion as he arrived, with scores of union workers applauding and drowning out the... READ MORE»
There’s a prevailing narrative in New York real estate, and it goes something like this: Lehman Brothers’ collapse sent the Manhattan office market into a horrifying and precipitous tailspin. Commercial tenants, fearing for their survival, fled in droves. Months of deathly inactivity followed. Then the fright passed. And the waiting game ensued. Tenants, their brush with the unknown having scared them from profligacy into prudence, waited patiently for the market to bottom. That happened... READ MORE»
On Friday, Nov. 20, Councilman Robert Jackson was exasperated. The Harlem Democrat had put in a call to the chair of the Council’s Small Business Committee, David Yassky, asking for a vote on the Small Business Survival Act, a bill of Mr. Jackson’s that would regulate commercial... READ MORE»
Tiffany & Co., the retailer whose flagship store, packed as it is with precious metals and rare stones, exerts a seemingly magnetic pull on both Fifth Avenue tourist swarms and men seeking to please their bauble-headed brides, is looking for new office space. The firm is working with brokers at Studley to find more than 200,000 square feet of office space, according to an industry source. We imagine there are countless landlords slavering for the... READ MORE»
Princess Firyal has finally gotten control of her late companion Lionel Pincus's Pierre duplex, reported The Times this weekend. According to the paper: Jesse Derris, a spokesman for Princess Firyal, said that she was still mourning the death of Mr. Pincus and had not given any thought to what to do with the apartment. "She was always meant to have the apartment," he... READ MORE»
The city is moving to rezone a six-block area in the far West Village, a victory for local preservation groups and a potential obstacle for developers in the area. The rezoning would affect buildings between Washington and Greenwich streets, from 10th to 12th streets. The effort is expected to take six months to a year to... READ MORE»
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During its six years in the court of public opinion, this much has been certain about the planned Atlantic Yards project: It's not without... READ MORE»
Residents of largely non-white neighborhoods in New York City were far more likely to receive a subprime loan than those in largely white neighborhoods, regardless of the borrower's race, according to a new study from NYU's Furman... READ MORE»
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Anyone paging through the end of The Times' business section Wednesday might have noticed an unusual legal notice nestled in between the commercial real estate classifieds and a bank ad (a reader had to point it out to us): NEW YORK LIBERTY DEVELOPMENT CORPORATION Notice of Public... READ MORE»
Five and half years ago, the Century Foundation's enormous brownstone at 41 East 70th Street nearly sold to Woody Allen and his wife, until he decided that renovating the place from offices into a house would take too much work. The house was asking $15... READ MORE»
A repetitive refrain filled City Hall’s council chambers on Tuesday morning. For a good hour at a zoning committee hearing on the contentious plan to redevelop the Bronx’s Kingsbridge Armory into a mall, council member after council member battered the Bloomberg administration and the developer, the Related Companies, with a similar line of questioning: Given that city subsidies are to be used in the $323 million project, why isn’t there a guarantee that all... READ MORE»
November 24, 2009
As the magazine industry dies a very slow death, its leaders continue to buy up lovely little Manhattan homes. Condé Nast heir Samuel I. Newhouse IV just bought a... READ MORE »
November 24, 2009
There's a question that's been coming up a good deal lately: Is Atlantic Yards ever going to happen? Time will soon tell. The planned $4.9 billion development--home to a... READ MORE »
November 23, 2009
There’s a prevailing narrative in New York real estate, and it goes something like this: Lehman Brothers’ collapse sent the Manhattan office market into a horrifying and precipitous tailspin.... READ MORE »
“What the hell—let’s destroy the city.”
—Joe Strasburg of the Rent Stabilization Association on commercial rent control
130 East 67th Street
Stunning north west corner eight room duplex in well established and... More details |
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