The developers of Manhattan House, who paid a record price for the Upper East Side building, are going to be making back their money only a few units at a time. Owners Richard Kalikow and Jeremiah O'Connor have begun the first round of conversions on the 580-unit white-brick rental property located at 200 East 66th Street, which they purchased for $623 million in mid-2005. More
Rents spike as office districts lease every bit of space More
Year-end residential sales jumped and inventory dropped More
It's hard to put in long, difficult hours in the mortgage loan business while your phone rings off the hook with enticing offers to jump ship. This scenario may sound very 2003 -- when recruiting was commonplace during the height of the refinance boom -- but the headhunting climate is alive and well in early 2007, top New York loan originators said. "The recruiters are out really strong," said Julie Teitel, vice president at Mortgage IT. "I think that I have been recruited [by] every bank and broker in Manhattan this year."
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Bloggers question safety of gentrified areas, statistics refute fears More
The hotel boom is kicking up dust in court as well as in the streets of Manhattan. Two of the city's biggest hotel developers, former partners who have headed in different directions, have converged in New York State Supreme Court in an unusual lawsuit.
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More firms add Web sites, marketing programs in Spanish, and bilingual staff More
Manhattan brokers offer behind-the-scenes look at their office cultures More
In a slowing market, some developers believe they can quicken the bidding for some apartments by playing hard to get.
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Plans to overhaul the Empire State Building are creating a backlash from small tenants who are worried they will be pushed out of the building. More
Owner faces numerous criminal charges for violations that predate blaze More
Sam Chang developing sextet of hotels on West 39th Street More
High-end luxury condos out of reach for hipsters More
Harlem, Washington Heights top list of areas with largest gains More
Every time a bell rings, a new Brooklyn condo gets its wings -- or a developer tries to wrestle one out of a Broken Angel. More
Immigrants found U.S. niche with budget hotels; their sons target NYC for bigger and better More
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