Top stories over the weekend on The Real Deal:
1. New ACRIS will include co-op unit searches, more data
2. Rent or buy? It takes 6 years to recoup cost of purchasing a home in NYC
3. Mission Real Estate: Rumored Tom Cruise brownstone hits the market for $28M
Trending Topics:
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Citi Bike station
Amid all the backlash and lawsuits over New York City’s bike-sharing program that is set to debut at month’s end, some proponents say the potential for a jump in real estate values is being missed in the bicycle brouhaha, OnEarth reported.
In London, many of the same complaints and predictions of doom were leveled against the city’s bike-sharing program before it launched in 2010. But Barclays Cycle Hire has defied expectations: 49 percent of users say they began cycling in London because of the system. [more]
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The High Line
As new developments rise along the High Line in West Chelsea, families are flocking to them, the New York Times reported.
A lack of family-sized apartments Downtown has sent prices for luxury condominiums surging past those of Uptown and Midtown. One of the most sought-after neighborhoods is West Chelsea, as the High Line’s elevated parkland continues to drive development. [more]
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Amanda Burden
As Amanda Burden’s decade-plus reign as planning commissioner begins to wind down, New York’s real estate watchers are already looking ahead to her potential successors, Crain’s reported.
Early successors include two ex-city planners: Vishaan Chakrabarti; Columbia University’s Center for Urban Real Estate director and a SHoP Architects partner; and Regina Myer, president of Brooklyn Bridge Park. Another hopeful is Anna Levin, a City Planning Commission member and former community board chairwoman. [more]
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McDonald's signs lease next to One Madison Park
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CWCapital delays increases under fire from tenants, pols
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One of two penthouses at Flank conversion gets $22M
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Rechnitz’s JSR Capital buys Madison Avenue site
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The week’s top sale was for unit 6A at 20 Greene Street. Fredrik Eklund and John Gomes of Douglas Elliman had the listing for the home, which traded for $9,600,000. See the other top sales and more after the jump.
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From left: Barry Gosin, Joe Lhota and Anthony Weiner
Joseph Lhota may be a relative newcomer to the New York City mayoral race, but in the last two months he has captured the lion’s share of real estate contributions, beating out rivals Christine Quinn, Bill de Blasio and others for industry donations, a review of the latest city campaign finance records show. [more]
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Copper Beech Farm in Greenwich, Conn. (Credit: David Ogilvy & Associates)
Greenwich, Conn., house asking $190 million could be priciest in U.S.. Tenant advocate blasts Anthony Weiner in letter. Renovated UES co-op penthouse once owned by Tommy Tune asks $14 million. Public space randomly opens near Holland Tunnel in Lower Manhattan. LES co-op uses massive natural gas boiler to heat 2,700 apartments. Read these stories and more after the jump.
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TRD will be covering all the highlights of this year’s ICSC REcon event in Las Vegas
The International Council of Shopping Centers’ RECon event kicks off on Sunday, and The Real Deal will be on hand to cover all the panels, parties, networking and, most importantly, dealmaking that are the hallmarks of the annual global retail convention. [more]
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Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a mutually agreeable resolution with their lender? [more]
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Ronn Torossian and 1166 Avenue of the Americas
Communications firm 5W Public Relations has taken a 38,166-square-foot space at Minskoff Equities’ 1166 Avenue of the Americas, the company’s CEO, Ronn Torossian, told The Real Deal today. [more]
