Top stories yesterday on The Real Deal:
1. Rubin Schron offers $2B for Empire State Building
2. Rudin’s St. Vincent’s site will have five individualized condo buildings: PHOTOS, VIDEO
3. Bistricer, Rieder sell UWS building in midst of condo conversion
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Harlem Park and Vornado’s Steven Roth
UPDATED, 8:48 p.m., June 19: Vornado Realty Trust is facing an $18 million lawsuit from Derek Johnson, an investor in its failed Harlem Park office development, who claims the company sabotaged the project and neglected to pay him his due from the sale of the site. [more]
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Broadway Tower Condominium
Tommy Huang, a Queens real estate developer, and his wife, Anne, will pay $1.5 million in penalties and surrender $3.3 million in illegal profits to the state in lieu of prison time, as part of a plea deal, the New York Post reported. The couple pleaded guilty today to one count of felony securities fraud in connection with an Elmhurst condominium development, according to a release from New York Attorney General Eric Schneiderman. [more]
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The Centurion living room and dining area
Six-story UES townhouse back on the market for $18.5 million. Spike Lee wants 2 Penn Plaza to remain a Madison Square Garden joint. Tribeca loft conversion starts pricing at $3 million. For Toll Brothers, being the only public builder focused on upscale homes has its advantages. Listing website Nestio relaunch lends a hand to old-school landlords. Read these stories and more after the jump.
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Silverstone closes $18M Irving Place deal
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Sales of bank-owned homes now faster than boom era
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Chelsea Clinton's hubby lists Grand Madison pad
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Schrager enlists Lorber, Witkoff on residential project
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1251 Avenue of the Americas
The Public Company Accounting Oversight Board, a nonprofit government-sponsored watchdog agency, has signed a renewal and expansion deal at Mitsui Fudosan’s 1251 Avenue of the Americas, data from commercial real estate information firm CompStak shows. [more]
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Lower Manhattan
It’s nearly impossible to memorize the cross streets for every street address in New York City. Thankfully, we just came across a formula that will do it for you. [more]
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212 Fifth Avenue, which is part of the portfolio, and Gary Barnett
Extell Development’s Gary Barnett has acquired a partnership stake in a 14-building portfolio owned by brothers Michael and Frank Ring, Crain’s reported. The interest belonged to investor Joseph Tabak, and the deal could allow Barnett to force a sale of the portfolio — with himself in a favorable position to acquire it. [more]
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CityRealty screenshot
CityRealty, the real estate information website, has launched a “Market Insight” section that provides users with real-time real estate data and neighborhood statistics, Curbed reported. Features include a currency comparison tool that lets users look up average condominium and co-op prices in 11 different currencies. [more]
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Donald Trump
Real estate mogul Donald Trump is known for lending his name to real estate projects all over the world. But he hasn’t licensed his brand to a building on U.S. soil since before the recession, the Wall Street Journal reported.
In fact, the last time that the Donald inked a licensing agreement in the U.S. was in 2007, with Trump Soho. [more]
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Exterior and interior images of the Murano
The 76-unit Murano condominiums in Long Island City have sold out, according to Modern Spaces, the exclusive sales and marketing agent at the property. [more]
