The Real Deal New York

  • Slate files for 19-story Downtown Brooklyn apartment building

    Flatbush Avenue property would also hold 20,000 square feet of retail space
    October 21, 2014 06:00PM
    flatbush

    From left: Earlier rendering for One Flatbush, Slate’s David Schwartz and Carlyle’s William Conway

    Brooklyn development firm Slate Property Group filed plans for a 19-story, 160,000-square-foot apartment building in Downtown Brooklyn.

    The property at 1 Flatbush Avenue would hold 157 apartments, each averaging nearly 800 square feet. Twenty percent of the residential component will be reserved for affordable housing. The bottom two floors would hold 20,000 square feet of retail space. [more]

  • journal-squared

    Rendering of Journal Squared in Jersey City (credit: HWKN)

    Kathryn Wylde of Partnership for New York City on why pied-a-terre tax wouldn’t work: VIDEO. Williamsburg arts venue Glasslands to close by end of year. Resi project rising at former Liberty Department Stores site. Read these stories and more after the jump.

  • Deals and steals: Yankees stars clean up in SoFla’s luxury residential market

    With World Series fever at full pitch, TRD looks at notable transactions involving MLB players
    October 21, 2014 05:20PM
    3515 Windmill Ranch Road (inset: Carlos Beltran)

    3515 Windmill Ranch Road (inset: Carlos Beltran)

    From the South Florida website: The Miami Marlins may be 11 years removed from their last appearance in the World Series, but the region still commands substantial attention from the baseball world for its real estate market. [more]

  • This month in real estate history

    1934: Notorious, colorful real estate mogul dies
    October 21, 2014 04:54PM
    Peaches Browning, who  infamously married Edward  Browning at 15

    Peaches Browning, who
    infamously married Edward
    Browning at 15

    From the October issue: A successful real estate operator and publicity hound renowned for lavishing attention on children and a scandalous marriage to a 15-year-old, died 80 years ago this month.

    Edward Browning was 59 when he passed away at a rented mansion in Scarsdale, N.Y., after falling ill months earlier at a Manhattan hotel-apartment where he spent much of his time. He gained the nickname “Daddy” for the attention he gave children through personal contact and philanthropic enterprises. [more]

  • Inside TheRealDeal
  • Affordable housing snapshot: NYC vs. the world

    ULI panelists discuss how the Big Apple's policies compare to London, HK, SF
    October 21, 2014 04:28PM By E.B. Solomont
    From left: Jonathan Rose, New York City skyline and London skyline

    From left: Jonathan Rose, New York City skyline and London skyline

    When it comes to affordable housing, New York City shares many challenges with cities like London, Hong Kong and San Francisco. [more]

  • Targets of de Blasio’s first illegal hotel suit fight back

    Kermanshahs say city unfairly targeted their two Manhattan buildings for legal action
    October 21, 2014 03:55PM By Adam Pincus
    From left: Mayor Bill de Blasio, 5 West 31st Street and 59 Fifth Avenue

    From left: Mayor Bill de Blasio, 5 West 31st Street and 59 Fifth Avenue

    The Manhattan landlords the de Blasio administration hit with its first lawsuit targeting buildings allegedly used as illegal hotels have fired back, claiming they were victims of “unequal enforcement” under the the law. [more]

  • Here’s where famous sitcom characters live in NYC: INTERACTIVE

    TRD maps out residences from some of television's most popular shows
    October 21, 2014 03:41PM By Kerry Barger
    Clockwise from left: Friends, Seinfeld, The Jeffersons and The Honeymooners

    Clockwise from left: Friends, Seinfeld, The Jeffersons and The Honeymooners

    Out-of-towners looking for a taste of New York City needn’t travel much farther than their couches, thanks to a bevy of sitcoms that helped portray the Big Apple from the late 1950s up until 2000. The Real Deal mapped out the residences of some of the city’s most beloved fictional characters. [Interactive map]

  • Criterion Group pays $57M for Astoria development site

    Home to wholesale grocery can hold up to 460,000 square feet for residential use
    October 21, 2014 03:09PM
    shibber

    11-12 30th Drive in Queens and Shibber Khan

    Astoria developer Shibber Khan’s Criterion Group acquired a large development site in the neighborhood for $57 million. [more]

  • Investment in trophy office towers in NYC drops off

    Four marquee buildings have sold so far this year -- a dramatic drop from 41 during 2007
    October 21, 2014 02:35PM
    trophy

    From left: Andrew Scandalios, Peter Hauspurg, 5 Times Square and 450 Park Avenue in Midtown

    Sales of trophy office towers are fast fading from the New York City real estate market. Investment firms have turned their attention to buying residential buildings or looking for partial office-property stakes and off-market deals. [more]

  • Price tag on Richard Meier-designed penthouse upped to $40M

    British publisher Louise Blouin first listed 165 Charles Street in June for $35M
    October 21, 2014 02:10PM
    From left: Louise Blouin and her penthouse at 165 Charles Street

    From left: Louise Blouin and her penthouse at 165 Charles Street

    British art magazine publisher Louise Blouin has boosted the price of her penthouse at 165 Charles Street by $5 million. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    October 21, 2014 01:40PM

    1. Bittersweet? Domino Sugar demolition underway
    2. The Woolworth Building gets a fresh set of renderings
    3. Investors choose to spread the wealth

    Like The Real Deal on Facebook for breaking industry stories, links to quirkier pieces and lively conversation about important properties in New York and around the world. [TRD's Facebook Page]

  • Lalezarian eyes big score following Hudson Square rezoning

    Charlton Street rental buildings listed for $50M -- four years after $4M buy
    October 21, 2014 01:16PM By Mark Maurer
    100-charlton

    From left: Proposed rendering and current site at 100-102 Charlton Street in Hudson Square, David Noonan and Jennifer Schwartzman

    Lalezarian Properties is looking to reap a windfall on a pair of four-story Hudson Square rental buildings. [more]

  • Fannie, Freddie to offer clearer mortgage rules for banks

    New agreement designed to boost lending to first-time homeowners
    October 21, 2014 12:41PM

    In an effort to ease tight credit that’s slowing down the housing market, Fannie Mae and Freddie Mac reached an agreement with banks to better define when bad practices and faulty information would force lenders to buy back home loans.  [more]

  • City Council members call for Astoria Cove changes

    In first hearing on huge project, critics bash affordable units as not affordable
    October 21, 2014 12:05PM
    astoria

    Rendering of Astoria Cove in Queens and Costa Constantinides

    City Council members spoke out against Astoria Cove yesterday at the Council’s first hearing about the controversial massive mixed-use project in Queens. [more]

  • Perry Street residents sound off against Carrie Bradshaw

    Sarah Jessica Parker returns to the Village to shoot commercial for new shoe line
    October 21, 2014 11:34AM
    From left: Sarah Jessica Parker as Carrie Bradshaw and Parker in front of 66 Perry Street

    From left: Sarah Jessica Parker as Carrie Bradshaw and Parker in front of 66 Perry Street in the West Village

    Sarah Jessica Parker’s Carrie Bradshaw just can’t say goodbye to her sweet West Village brownstone. Her neighbors, however, wish she would. [more]

  • Bank of Tokyo unit takes sizable space at McGraw-Hill Building

    Japanese firm signs up for 210,000 square feet at base of the tower
    October 21, 2014 11:08AM
    1221

    Ed Guiltinan and 1221 Sixth Avenue in Midtown

    MUFG Union Bank, a subsidiary of the Japanese Tokyo-Mitsubishi Bank, signed one of the biggest new office leases of the year. The firm is taking 209,700 square feet on the bottom three floors of the Rockefeller Group’s McGraw-Hill Building in Midtown.

    In July, the Japanese Tokyo-Mitsubishi Bank was in talks to take a larger space – 303,000 square feet – at the base of the building at 1221 Sixth Avenue, as previously reported. [more]

  • Third Avenue office rents jump, availability drops

    While the area is increasing in popularity, brokers say bargains are still to be had
    October 21, 2014 10:38AM
    ThirdAveFinal

    From left: Lipstick Building at 885 Third Avenue and 776 Third Avenue in Midtown

    Third Avenue — once the last resort for New York’s office tenants – is gaining in popularity due to the city’s improving office market.

    The availability rate of the area through September dropped to 10.7 percent from 13.4 percent at the end of 2013, according to CBRE data reported by the Wall Street Journal. Midtown’s overall availability rate was 11.1 percent. During the same period, rents on Third Avenue rose to $59.90 per square foot from $57.45 per square foot. [more]

  • The “quietest borough” is making some noise

    Queens commercial sales spike to record high pace since the start of the year
    October 21, 2014 10:10AM By Claire Moses
    From left:

    From left: Studio Square in Long Island City and the Standard Motors Building, also in Long Island City

    From the October issue: After Manhattan and Brooklyn comes Queens.

    The city’s largest borough in land mass is typically among the quietest in commercial transactions. But this year, Queens is set to break sales records, if the recent uptick in activity stays on pace. [more]

  • This Cobble Hill condo used to be a Catholic schoolroom

    This Cobble Hill condo used to be a Catholic schoolroom

    This Brooklyn condo used to be a Catholic schoolroom. How to get a Mitchell-Lama apartment. New York’s hottest new food courts. Read these stories and more after the jump.

  • Gary Barnett reveals how he won the Ring portfolio

    Extell’s chief offers an inside look at his purchase of F.M. Ring’s prized Midtown South package
    October 21, 2014 09:28AM By Hiten Samtani
    From left: Gary Barnett (Credit: STUDIO SCRIVO), 251 Park Avenue South and Frank Ring

    From left: Gary Barnett (Credit: STUDIO SCRIVO), 251 Park Avenue South and Frank Ring

    Extell Development’s Gary Barnett, in his own words, on how he outmaneuvered rivals and hostile sellers to seize control of one of New York real estate’s most coveted prizes: the million-square-foot F.M. Ring Midtown South portfolio. Read the full story after the jump.

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