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The Real Deal New York

  • Armani sues SL Green for alleged “illegal scheme” at 760 Madison

    Retailer fights to keep terms of original sublease for flagship store
    March 30, 2015 06:47PM By Kyna Doles and Hiten Samtani
    From left: Giorgio Armani, 760 Madison Avenue, Marc Holliday

    From left: Giorgio Armani, 760 Madison Avenue and Marc Holliday

    It’s the chicest new lawsuit in town.

    Giorgio Armani Corp,, which has its flagship retail location at 752-760 Madison Avenue, is suing its landlord SL Green Realty for allegedly conducting “an illegal and collusive scheme to squeeze” the retailer out of its sublease. [more]

  • Alec Baldwin

    Alec Baldwin

    Alec Baldwin lists Devonshire House apartment. Stuntman scales Queensboro Bridge. Streit’s matzo factory leaving Lower East Side for New Jersey. Read these stories and more after the jump.

  • 10 Sullivan jumps from Corcoran to Elliman

    Among remaining listings is the building’s $45 million penthouse, the highest in Soho
    March 30, 2015 05:25PM By Claire Moses
    From left: Andrew Anderson (top), E

    From left: Andrew Anderson (top), Emily Sertic and a rendering of 10 Sullivan (Credit: Cary Tamarkin)

    Madison Equities and Property Markets Group’s 10 Sullivan in Soho, has jumped from the Corcoran Group to Douglas Elliman. [more]

  • Louise Sunshine lists Miami Beach PH for $12M

    Sunshine combined two units for the 6,400 sf penthouse at the Grand Venetian
    March 30, 2015 04:55PM By Katherine Kallergis
    10-Venetian-Way-and-The-Jills

    10 Venetian Way in Miami Beach (inset: Louise Sunshine, courtesy of STUDIO SCRIVO)

    From the South Florida website: New development marketing pioneer Louise Sunshine has put her Miami Beach penthouse on the market, Coldwell Banker broker team the Jills announced Monday. [more]

  • Inside TheRealDeal
  • Jon Bon Jovi finally lands buyer for $38M Soho penthouse

    The pad at 158 Mercer Street had been listed since 2013
    March 30, 2015 04:25PM
    158 Mercer Street in Soho and Jon Bon Jovi

    158 Mercer Street in Soho and Jon Bon Jovi

    Jon Bon Jovi is rocking his way out of 158 Mercer Street, having finally sold his duplex penthouse in the building, which was last listed for $37.5 million. [more]

  • Bill Ackman’s hedge fund could be moving to 250 W. 55th St.

    Pershing Square in talks to take 49K square feet at Boston Properties' spec tower
    March 30, 2015 03:55PM
    Bill Ackman and 250 West 55th Street

    Bill Ackman and 250 West 55th Street

    Bill Ackman’s Pershing Square Capital is nearing a deal to take 49,000 square feet at Boston Properties’ 250 West 55th Street in Midtown.

    The hedge fund would occupy the 34th and 35th floors and also take space for a gym in the basement, according to Bloomberg News. Pershing Square would be relocating from its current offices at 888 Seventh Avenue, where it occupies 31,000 square feet. [more]

  • City Planning approves One Vanderbilt

    Proposal expected to go before Council in mid-May
    March 30, 2015 03:23PM By Rich Bockmann
    From left: Andrew Mathias, a rendering of One Vanderbilt and TD Bank

    From left: Andrew Mathias, a rendering of One Vanderbilt and TD Bank

    The City Planning Commission approved on Monday SL Green Realty’s proposal for its One Vanderbilt office tower and the rezoning of five blocks nearby. [more]

  • JEMB chops proposed height of DoBro tower by 30 stories

    Apartment building at 420 Albee Square to drop to 389 feet from 789, plans show
    March 30, 2015 03:20PM
    420 Albee

    Morris Bailey and 420 Albee Square in Downtown Brooklyn

    JEMB Realty is scaling back the size of its Downtown Brooklyn residential tower at Albee Square, dropping the proposed height to 35 stories from 65.

    The development firm, led by Morris Bailey and Joseph Jerome, filed plans in September for a roughly 751,500-square-foot, 679-foot-tall apartment building at 420 Albee Square, thus making it Brooklyn’s tallest new building. [more]

  • Chetrit sues Solil to keep ground lease at 500 Seventh Avenue

    Developer claims it is addressing violations
    March 30, 2015 02:25PM
    From left: 500 Seventh Avenue and 512 Seventh Avenue in Midtown

    From left: 500 Seventh Avenue and 512 Seventh Avenue in Midtown

    Joseph Chetrit’s Chetrit Group filed suit against Solil Management last week, asking for more time to address its concerns before being booted off of a ground lease at 500 Seventh Avenue. [more]

  • 128-130 William Street in the Financial District and Lightstone's David Lichtenstein

    128-130 William Street in the Financial District and Lightstone’s David Lichtenstein

    David Lichtenstein’s Lightstone Group paid $15 million earlier this month to buy air rights for the 50-story mixed-use tower the company is building in the Financial District, property records show.

    Lightstone paid $15.4 million to buy 68,752 square feet of air rights from developer Harold Thurman’s lot at 82 Fulton Street, records filed with the city today show. [more]

  • Hudson River Park pier needs $104M in repairs: report

    Park trust is looking to sell air rights to fund the upgrade
    March 30, 2015 01:15PM
    Pier 40 Hudson River Park

    Pier 40 at Hudson River Park

    Hudson River Park’s Pier 40 requires more than $104 million for repairs, which will take almost a decade to complete, according to a new report.

    The report — which was commissioned by the Hudson River Park Trust and obtained by Crain’s — showed that more than half of the poles that hold up the 14-acre pier are damaged, according to the publication. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    March 30, 2015 01:00PM

    1. Diane Keaton and Morgan Freeman tackle NYC real estate
    2. Douglas Elliman opens West Coast HQ in Beverly Hills
    3. Possibility of criminal charges in East Village explosion

    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]

  • Chinatown comes into its own

    Brokers say the neighborhood is on the brink of major change
    March 30, 2015 12:30PM
    Chinatown

    East Broadway in Chinatown

    Chinatown has held out as the largest ethnic enclave in Lower Manhattan, but while development has largely occurred on the outer edges, brokers expect to see the neighborhood change rapidly in the next decade. [more]

  • DeGuerin’s dilemma: Post-“Jinx,” can Robert Durst win again?

    Some of the country's top criminal defense lawyers discuss likely courtroom tactics
    March 30, 2015 12:00PM By Tess Hofmann
    Robert Durst and Defense Attorneys

    Clockwise from top left: Robert Reuland, Dick DeGuerin, Gerald Shargel, Anthony Falangetti and Benjamin Brafman (inset: Robert Durst)

    Robert Durst’s arrest earlier this month, on the eve of the finale of the documentary that catapulted his case back into the zeitgeist, struck some as suspicious. Could the timeline of an HBO show so overtly influence the actions of law enforcement? If the Los Angeles District Attorney’s office really had a solid case, why didn’t they act sooner? [more]

  • Cyclone on Coney Island

    Cyclone on Coney Island

    Tribeca Holdings to refinance London real estate. A new look available at the tallest tower outside of Manhattan. These are Mies van der Rohe‘s most important works. Read these stories and more after the jump.

  • The week in luxury: A map of NYC’s priciest apartment sales

    An interactive look at where the biggest deals were struck, plus total overall sales and average prices for the week (click on numbers to see data)
    March 30, 2015 11:00AM

    city-realty-march-30

    Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales. Click here to see this week’s version.

  • Revealed: A new look for JDS and PMG’s 111 West 57th Street

    Prices for the 60 condominiums in the city's tallest residential skyscraper will start at $14 million
    March 30, 2015 10:30AM
    A rendering of 111 West 57th Street (Credit: Hayes Davidson)

    A rendering of 111 West 57th Street (Credit: Hayes Davidson and SHoP Architects)

    A new look is available at what will be the city’s tallest residential tower, JDS Development’s and Property Markets Group’s 111 West 57th Street. [more]

  • 27 contracts signed of $4M or more in third week of March

    A $22.5 million unit at 2 East 80th Street and an Upper West Side townhouse for $15 million
    March 30, 2015 10:00AM
    From left: 2 East 80th Street and 36 West 71st Street

    From left: 2 East 80th Street and 36 West 71st Street

    After a record-setting February, Manhattan’s luxury market lagged behind in March. [more]

  • Financial sector growth exceeds expectations, bolsters office market

    3,600 jobs added between January and February of this year
    March 30, 2015 09:35AM
    Bryant Park

    Office buildings surrounding Bryant Park

    The financial services sector added more jobs in February and added more jobs in 2014 than previously expected.

    The sector, which is among the city’s biggest users of office space, added 3,600 jobs between January and February of 2015, according to data from the New York State Department of Labor cited by the Wall Street Journal. [more]

  • Airbnb’s battles in NYC rage on

    A lot of money is spent, but no real winner has emerged
    March 30, 2015 09:11AM
    Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk

    Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk

    Both Airbnb and Share Better — a group comprised of the city’s hotel union and affordable housing advocates — have spent millions on influencing public opinion.

    Still, neither of the parties has come out of the fight with real results. [more]

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