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  • Sharif El-Gamal’s Soho Properties is filing plans today to begin work on a new condominium tower at 45 Park Place, the developer announced today. The as-of-right tower will rise to a height of 619 feet and is being designed by Michel Abboud of SOMA Architects. … [more]

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  • Developer Sharif El-Gamal has dialed back his plans for the long-stalled Park51 development and instead will build a three-story museum. … [more]

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  • Developer Sharif El-Gamal has filed plans to level two low-rise structures at the site of the long-stalled Park51 development, described by critics as the “Ground Zero mosque.” … [more]

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  • Private equity firm Westbrook Partners just closed on the acquisition of a Midtown South office building at 31 West 27th Street for north of $80 million, The Real Deal has learned. … [more]

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  •  Sharif El-Gamal, the developer behind the controversial “Ground Zero mosque,” is facing criticism for charging his own nonprofit rent. … [more]

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  • Sharif El-Gamal, developer of Park51, is in contract to buy the Garment Center Synagogue in the hopes of tearing down and building a high-rise with a new synagogue, hotel and retail center. El-Gamal teamed up with Murray Hill Properties to redevelop 205 West 40th Street near Seventh Avenue. The New School for Design is expected to officially sell off the site for $61.5 million by March. … [more]

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  • 1. West 26th Street becoming city’s new restaurant hub [WSJ] 2. Michael Shah, Matt Levine duke it out over Sons of Essex on Lower East Side [NYP] 3. Condo at 25 Columbus Circle sells for $13 million [NYT] 4. Penelope Cruz, Javier Bardem hunt for Brooklyn nest [NYDN, 3rd item] 5. How much do renters save by living far from work?: CHART [Curbed] 6. East 91st Street transfer station may hurt kids’ health, study says

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  • Developer Sharif El-Gamal appears to be considering a residential condominium development on the site of the stalled Park 51 project, also known as the “ground zero mosque.” El-Gamal has approached multiple brokers in Manhattan seeking advice on how to build and market condos at the site, sources told The Real Deal. … [more]

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  • Sharif El-Gamal, developer of Park51, the project dubbed the “ground zero mosque,” has acquired the building next door to the controversial stalled project, DNAinfo reported. With the purchase of 43 Park Place for $8 million in January, El-Gamal now controls three adjacent properties on the street. He owns 45-47 Park Place and leases 51 Park Place from ConEdison. The 45-47 and 51 parcels comprise the planned Park51 project. … [more]

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  • It’s been quite a roller coaster ride for New York City’s real estate industry since The Real Deal launched a decade ago. Between the boom, the bust and the recovery, there have been many highs and lows for the industry — from record deals like Google’s purchase of its headquarters for $1.8 billion to the now-notorious default on the loan at Stuyvesant Town and Peter Cooper Village. That’s not to mention all of the swanky … [more]

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  • Judge tosses out case against Park51

    November 09, 2012 05:30PM

    Soho Properties CEO Sharif El-Gamal and a rendering of Park51 community center A state Supreme Court judge dismissed a suit by retired New York firefighter who alleged the proposed Park51 Islamic cultural center in Lower Manhattan inflicted emotional distress on him. Vincent Forras, the ex-firefighter, was injured during his role as a first responder during the Sept. 11 terrorist attacks. The firefighter had leased office space and lived, on a part-time basis, at 257 Church Street, … [more]

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  • The San Francisco-based Walnut Hill Group has purchased Sharif El-Gamal’s 12-story Chelsea office building at 31 West 27th Street. It was the second purchase by Walnut Hill in Manhattan. In February 2011, the company acquired the Holiday Inn Express hotel building at 15 West 45th Street in Times Square, in a joint venture with minority partner Magna Hospitality Group. … [more]

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  • A New York State Supreme Court judge has sided with Con Edison in its ongoing rent dispute with the developer of the controversial Park51 Islamic cultural and community center in Lower Manhattan, the New York Post reported. Con Ed argued that it is owed $1.7 million in back rent and $47,437 a month in rent for the land, where it leases a substation to Sharif El-Gamal, the Park51 developer, at 45-47 Park Place. However, El-Gamal … [more]

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  • Retired New York City firefighter Timothy Brown has withdrawn his appeal of a Supreme Court decision preventing him from taking action to prevent construction of Soho Properties’ proposed Islamic mosque and community center in Lower Manhattan, The Real Deal has learned. … [more]

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  • Idling ambulances stationed located underneath the High Line on West 23rd Street have local residents fuming, DNAinfo reported. The loud sirens and exhaust fumes have made their sometimes pricey real estate far less pleasant to reside in, DNAinfo said. And they are especially angry because the FDNY wants to begin a long-term lease. … [more]

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  • On the market

    April 02, 2012 12:45PM

    CPW rental building expected to fetch $90M CBRE Group was tapped to market a 140-unit rental building at 21 West 86th Street, Crain’s reported last month. Fresh off announcing the sale of 33 Maiden Lane, CBRE’s executive vice chairmen Darcy Stacom and William Shanahan, along with executive vice president Paul Leibowitz, are putting the 15-story building up for sale. Stacom said the building could net more than $90 millionand has the potential for a condominium … [more]

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  • Sharif El-Gamal, chairman and CEO of Soho Properties, also the man behind the proposed Park51 community center and mosque on Park Place in Lower Manhattan, is trying to sell a building — and not his Lower Manhattan property. Crain’s reported that El-Gamal is trying to trade 31 West 27th Street in order to push his downtown community center forward, Crain’s reported, speculating that the sale will provide Park51 with the necessary money for the venture. … [more]

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  • The Juliet Supperclub, a West Chelsea haunt known for its celebrity clientele and the two murders that occurred there in recent months, opted to withdraw a lawsuit today that was seeking to thwart eviction proceedings, according to court documents obtained by The Real Deal. Since November, the club owner has been fighting with its landlord, an entity of the Newark, N.J.-based Edison Properties, over whether the venue is a supperclub or a nightclub. … [more]

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  • Some of the most powerless New Yorkers are tenants of buildings in limbo because of a recent sale or foreclosure. Some work fruitlessly to disrupt the free market system real estate developers fancy. Either way, the Village Voice released its list of the “100 Most Powerless New Yorkers,” and considering the city’s relationship with the real estate industry, its little surprise that real estate-related stories have a significant presence on the list. … [more]

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  • Soho Properties CEO Sharif El-Gamal and a rendering of Park51 community center A Manhattan judge has granted 51 Park Place and developer Sharif El-Gamal a so-called Yellowstone injunction blocking Consolidated Edison from evicting the developer from the prospective Muslim community center building for allegedly violating a default notice issued Sept. 14, the New York Law Journal reported, giving El-Gamal 20 days to pay up or challenge Con Ed. As previously reported, Con Ed, which owns … [more]

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