The Real Deal New York

Posts Tagged ‘Property Markets Group’

  • 253-261

    257-261 Third Avenue in Gramercy Park (inset: Kevin Maloney and Michael Namer)

    Alfa Development is in contract to buy a four-building Gramercy Park development site from Kevin Maloney’s Property Markets Group and Kasra Sanandaji’s Apex Investments for $69.6 million, The Real Deal has learned. [more]

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  • The 220-foot-tall crane at 111 West 57th Street in Midtown (inset, from left: Kevin Maloney and Michael Stern)

    The 220-foot-tall crane at 111 West 57th Street in Midtown (credit: JE Dolci) (inset: Kevin Maloney and Michael Stern)

    The tallest freestanding crane in the city’s history is on-site at JDS Development Group and Property Markets Group’s 111 West 57th Street in Midtown. [more]

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  • Rendering of 111 West 57th Street (credit: Hayes Davidson/SHoP Architects) (inset: Kevin Maloney and Michael Stern)

    Rendering of 111 West 57th Street (credit: Hayes Davidson/SHoP Architects) (inset: Kevin Maloney and Michael Stern)

    Michael Stern’s JDS Development and Kevin Maloney’s Property Markets Group secured a $725 million construction loan from AIG and Apollo Global Management, paving the way for the rise of their supertall residential tower at 111 West 57th Street. [more]

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  • Clockwise from left: Rendering of Two Fulton Square in Flushing, Toby Moskovits, the Clock Tower Building in Long Island City, a rendering of Pacific Park and a rendering of 400 West 61s Street

    Clockwise from left: Rendering of Two Fulton Square in Flushing, Toby Moskovits, the Clock Tower Building in Long Island City, a rendering of Pacific Park and a rendering of 400 West 61s Street

    An office building in West Chelsea, 12 two-family townhouses in Long Island City and a proposed 66-story skyscraper at the location of the Clock Tower Building in Court Square. These projects and more after the jump.

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  • 111w57 Stern Maloney

    Rendering of 111 West 57th Street (inset, from left: Michael Stern and Kevin Maloney; credit: SHoP Architects)

    The majority investor in Michael Stern and Kevin Maloney’s planned 1,428-foot luxury condo tower at 111 West 57th Street is no longer willing or able to pump money into the project and is in talks to reduce its stake, public records show. [more]

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  • From left: 823 Park Avenue, the Plaza Hotel and Sony CEO Doug Morris

    From left: 823 Park Avenue, the Plaza Hotel and Sony CEO Doug Morris

    A total of 26 contracts for $4 million or more were signed in the week leading up to Memorial Day, according to the latest Olshan Realty luxury report. [more]

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  • NeilMoffittWalkerTower

    From left: Neil Moffitt and the penthouse at Walker Tower

    Walker Tower’s penthouse — which set a Downtown sales record when it sold for $50.9 million last year – is back on the market asking $70 million, a nearly 40 percent premium. [more]

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  • Clock Tower of Long Island City

    The Long Island City Clock Tower

    The Landmarks Preservation Commission has unanimously decided that the 14-story Art Deco Clock Tower in Long Island City will be designated a landmark.

    The vote comes less than a year after preservationists started a campaign to protect the iconic building, Curbed reported. According to the commission, the tower “represents a significant period of development in Long Island City,” the website reported. [more]

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  • From left: Michael Stern and a rendering of 111 West 57th Street

    From left: Michael Stern and a rendering of 111 West 57th Street

    JDS Development founder Michael Stern is surprised by the vocal opposition he has encountered while building a super tall residential tower at 111 West 57th Street without union labor. [more]

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  • 823 Park Avenue

    Elliot Joseph (inset) and 823 Park Avenue on the Upper East Side

    Kevin Maloney’s Property Markets Group is facing a lawsuit from residents at 823 Park Avenue who claim faulty insulation at the Upper East Side building has resulted in mold growth throughout the property. [more]

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  • Permits-Collage

    Clockwise from left: A rendering of 10 Riverside Boulevard, 29-37 41st Avenue, Sharif El-Gamal, Metin Negrin and 75 Nassau Street

    If the top 10 biggest new real estate projects are any indication, New York City’s skyline is set to be inundated with a new crop of tall buildings.

    In total, the top permit applications filed with the city’s Department of Buildings in March account for 2,630 units in Manhattan, Brooklyn, Queens and the Bronx. These projects and more after the jump

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  • 111 West 57th Street Interior

    111 West 57th Street interior view (Credit: Property Markets Group)

    The interior of JDS Development and Property Markets Group’s super-skinny 111 West 57th Street has been revealed. [more]

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  • 29-37 41st Avenue in Long Island City and Kevin Maloney

    29-37 41st Avenue in Long Island City and Kevin Maloney

    The MTA is getting $56 million in a deal to sell air rights to Property Markets Group and joint venture partner Karman Hakim, who are planning to build a 77-story residential tower on Queensboro Plaza in Long Island City. [more]

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  • 29-37 41st Avenue and Kevin Maloney

    29-37 41st Avenue and Kevin Maloney

    A joint venture between Kevin Maloney’s Property Markets Group and the Hakim Organization wants to buy nearly $56 million worth of unused development rights and land from the Metropolitan Transportation Authority, which could allow them to build Queens’ tallest building. [more]

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  • Rendering of 111 West 57th Street (credit: SHoP Architects)

    Rendering of 111 West 57th Street (credit: SHoP Architects)

    Keeping pace with its Billionaires’ Row neighbors, JDS Development Group and Property Market Group’s skinny tower at 111 West 57th Street will have units priced up to $100 million, according to records from the Attorney General’s office. [more]

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  • 29-37 41st Avenue and Kevin Maloney

    29-37 41st Avenue and Kevin Maloney

    Kevin Maloney’s Property Markets Group is planning to build a 70-story mixed-use tower at the edge of Queensboro Plaza in Long Island City, according to an application filed with the city’s Department of Buildings today. [more]

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  • From left: 548 West 22nd Street and Kevin Maloney

    From left: 548 West 22nd Street in Chelsea and Kevin Maloney

    Kevin Maloney’s Property Markets Group is planning to convert a four-story commercial building at 548 West 22nd Street into a 19-story residential development, according to a permit application filed with the city today. [more]

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  • Clockwise from left: 111 West 57th Street, Kevin Maloney and Michael Stern

    Clockwise from left: 111 West 57th Street, Kevin Maloney and Michael Stern

    If it’s up to the developers, one of the city’s tallest towers could rise without the help of any union labor. The 1,400-foot-tall, 80-story tower proposed for 111 West 57th Street, developed by Michael Stern’s JDS Development Group and Kevin Maloney’s Property Markets Group would be the city’s tallest-ever tower built with nonunion labor. [more]

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  • Renderings of 111 West 57th Street

    Renderings of 111 West 57th Street in Midtown

    Anticipation has been mounting about JDS Development and Property Markets Group’s skinny tower just south of Central Park, and now the building plans are officially a go. [more]

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  • Luxury contracts break record in November

    December 04, 2014 02:40PM

    From left: Walker Tower and Penthouse 2

    ’Tis the season – for $4 million-plus homes.

    The Manhattan luxury market is heading into the holiday season on the heels of a red hot November that was the best on record. Buyers signed a total of 124 contracts at or above the $4 million mark during the month, according to the latest Olshan report. That’s up 36 percent from November 2013. [more]

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