With the deadline approaching for Harry Macklowe to seal the deal at 737 Park Avenue, he is so close, yet so far from securing the equity he needs.
Mr. Macklowe has hired the Carlton Group's Howard Michaels to help him search for another partner for the deal (Mr. Michaels told The Observer a couple of weeks Read More
It's looking rather post-Lehman at 25 Broad Street these days (even though the failed investment bank is still involved). The first 10 tenants have signed at the mammoth downtown residential tower of erstwhile Kent Swig fame.
Recall, Bruce Menin and his partners bought the 20-story office building for a dime in the late '90s, before converting Read More
The Core Group, whose role in the Selling New York realty reality series might just inspire a generation of eager young residential brokers, is expanding.
The firm has taken 5,500 square feet for 10 years at the Kaufman Organization's 100-104 Fifth Avenue. The brokers who hawk high-priced apartments with a certain Miami Beach flair also have a retail location at 127 Seventh Read More
“I glance at them,” said John Burger, a top co-op broker at Brown Harris Stevens, “but Manhattan is really eight different markets, and none of them really address the nuances."
Mr. Burger was talking about the third-quarter Manhattan housing reports from various brokerages that came out last week, and he didn't have much good to Read More
Both the Foundry and L Haus, two Long Island City condo developments marketed by Prudential Douglas Elliman, seemed to be presenting themselves as urban oases—nooks of green in Queens. They offered outdoor space aplenty, plant-oriented décor in their sales offices, enormous bathtubs, green literature and logos, and, in the case of L Haus, a lime Read More
As Nigeria deals with gruesome violence between government troops and a strict Islamic sect, one of its prominent oilmen has apparently closed on three serious pieces of brand-name New York real estate.
Last month, neighboring apartments were bought under a trio of limited liability corporation names at the new Centurion condo on West 56th Street, the Read More
As a thunderstorm raged outside, the mood of dozens of real estate investors at Wednesday’s Distressed Investing Leaders Forum at One World Financial Center was that of general gloom.
“The most optimistic thing I heard today is we won’t be like Japan. It won’t be 20 years,” said Jan Jekielek, the Epoch Times’ director of Read More
A tour of the boldly Dickensian 26 West 76th Street, yours for $25 Read More
515 Park duplex does have a guest bedroom--but it's smaller than the walk-in closet and Read More
Amy Sohn’s Prospect Park West, a gleefully bitchy take on Park Slope moms by a former New York columnist, won’t be released until September—but as of last week, Sarah Jessica Parker’s production company was already looking to turn the novel into an HBO series. The allure of the park is hard to resist. Whether that’s Read More
For the last 15 years, Jonathan Miller has produced the Prudential Douglas Elliman sales reports that hold the New York real estate world in thrall. Thursday, for the first time, he released a rental report. He was excited.
“To me, this is fun,” Mr. Miller said. “I don’t do something unless it’s fun. I’m Read More
Will the dangling of city money be enough to get stalled condo projects moving again?
Perhaps.
The city is launching a $20 million initiative to restart stalled condo projects, turning some of the unfinished developments into below-market-rate housing. Details are still hazy, but Council Speaker Christine Quinn and the commissioner of the Department of Housing Preservation and Read More
Michael Hirtenstein, a connoisseur of glitzy and enormous real estate, has one less mega-property to worry about. According to the listing for 23 Gramercy Park South, the former telecom mogul is in contract to sell the 20-room, $20 million townhouse.
Mr. Hirtenstein, who said earlier this year that he owns three places in Manhattan, four in Read More
Back when the New York real estate market was still so barbarically lush, the children of barons lived well. The Turkish billionaire Husnu Ozyegin’s son bought a $6.2 million apartment on East 66th Street, which was smaller than the $7.25 million Soho duplex that Time Warner magnate Steve Ross’ youngest child got, which was smaller Read More
The legendary Upper West Side apartment house, battered by scandal, slashes condo Read More
