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The Real Deal New York
Air-rights brokerage claims Brookfield failed to pay commission on Hudson Yards deal
July 12, 2018 01:45PM
A brokerage that specializes in air rights deals claims Brookfield Properties cheated it out of a $375,000 commission for a sale in Hudson Yards....
Here’s how much office developers paid to acquire air rights last year
March 21, 2018 10:00AM
Move over, condos: developers are gobbling up the city’s air rights for office projects. A new report from Tenantwise has found that people are buying...
JPMorgan Chase isn’t done buying air rights for its ground-up HQ
March 05, 2018 12:20PM
JPMorgan Chase is in talks to buy another 100,000 square feet of air rights from St. Bartholomew’s Church as part of its plans to...
National Cheat Sheet: Toll Brothers reports nearly 30% growth, coworking now claims 27M square feet of office space nationwide … & more
March 01, 2018 05:50PM
Toll Brothers reports first quarter growth nationwide and big gains in California Luxury homebuilders Toll Brothers reported $132.1 million net income in the first...
Get your air rights here: City to charge $625 per sf in West Chelsea
February 28, 2018 03:30PM
The City Planning Commission on Wednesday unanimously approved selling development rights to property owners in West Chelsea for $625 per square foot, the proceeds...
UES could be getting a new tower, with ties to celebrity chef
February 28, 2018 10:15AM
The Upper East Side could be getting a new tower. Garage Management Co., a parking lot operator, is buying air rights for an unspecified...
City Planning to vote on higher West Chelsea air rights price
February 27, 2018 06:40PM
The City Planning Commission on Wednesday will vote on whether to set certain air rights prices in West Chelsea to $625 per square foot....
JPMorgan Chase strikes big air rights deal
February 26, 2018 04:05PM
It looks like JPMorgan Chase will buy nearly 700,000 square feet of air rights from Grand Central to build its new 2.5 million-square-foot office...
St. Patrick’s Cathedral making first moves toward selling air rights
February 22, 2018 03:55PM
The Archdiocese of New York is moving forward with plans to sell a trove of air rights from St. Patrick’s Cathedral following last year’s...
Extell triples height of controversial UWS tower with $202M air rights deal
November 27, 2017 05:15PM
In June, City Councilmember Helen Rosenthal, State Senator Brad Hoylman and State Assemblyman Richard Gottfried issued a missive to Extell Development, declaring they knew...
Tribeach seeking 120K sf of Cort Theatre air rights for new Riu hotel
November 08, 2017 09:00AM
Tribeach Holdings, in partnership with Riu Hotels & Resorts, is seeking to buy 119,000 square feet in air rights above the historic Cort Theatre...
Get your air rights here: City seeks to trade density bonus for affordable housing cash
October 25, 2017 05:40PM
After officially recognizing that most air rights along the High Line are gone, the city is seeking to sell its own to West Chelsea...
Tishman Speyer has all the air rights needed for Spiral after final deal
October 02, 2017 03:15PM
As it continues putting together the pieces to make its $3.2 billion Spiral tower a reality, Tishman Speyer bought 669,000 square feet of development...
Get ready for a ton of new office space (maybe): City Council greenlights rezoning of Midtown East
August 09, 2017 03:20PM
The City Council on Wednesday cleared the way for 6.5 million square feet of new office space to rise in Midtown East. The council...
Air rights out of nowhere: City could offer density bonuses in West Chelsea
August 09, 2017 01:30PM
Developers have long griped about the lack of available air rights in West Chelsea. And now, with most of the available air rights sold...
Analysis: Here’s what Midtown East landlords could make from air rights sales
August 02, 2017 04:00PM
The sale of 3.6 million square feet of air rights could net Midtown East landlords roughly $896.7 million over the next 20 years —...
City Council cuts minimum air rights price under Midtown East rezoning proposal
July 27, 2017 12:30PM
A City Council committee has tweaked the rules surrounding the sale of air rights under the proposed Midtown East rezoning, decreasing the mandatory public...
City plans to restrict inclusionary housing projects receiving 421a
June 09, 2017 06:20PM
The city is mulling a major change to how 421a and inclusionary housing commingle, one that would prevent developers from shifting certain density bonuses...
Could the Midtown East air rights floor price be on the chopping block?
June 06, 2017 04:50PM
City Council member Dan Garodnick on Tuesday introduced a bill that will require the city to audit every air rights sale in Midtown East...
Unf-air rights? Officials mull dueling estimates for Midtown East air rights
April 26, 2017 01:45PM
The going rate of air rights in Midtown East is nearly $400 per square foot. Or $179. It depends on who you ask. The...
Another sponsor unit at 432 Park is off
Normandy, Drake Street refi LIC
with $75M Deutsche loan
EB-5 visa program extended… until Dec. 21
Heatherwood plans another luxury rental project in Williamsburg
The best-capitalized renter at Vornado, Stellar’s 80 North Moore St. just signed a lease extension
December 2018 issue
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