New dev contracts cap boom year with $1B December
New development contracts finished the year with a slight holiday dip, capping off a promising 2021. Buyers signed contracts...
condo market
The Latest
Here are the priciest outer-borough condo filings of 2021
Fuhgeddaboudit. For Brooklyn and Queens condo plans, this year blew 2020 out of the water. With a total of...
Wafra lands $225M for 720 West End Avenue
As Wafra Capital Partners nears a deal to buy 720 West End Avenue, it’s getting a major assist in the form of acquisition financing. The affiliate of Kuwait’s sovereign wealth fund is receiving $225...
Miami
Real estate developers, brokers court Art Basel Miami Beach attendees
UPDATED, Dec. 2, 12 p.m.: Art Basel Miami Beach, the art fair of art fairs that has grown into...
Eichner to buy cash-strapped Midtown church for $70M, eyeing condo project
Sure, Jesus performed miracles. But even he may have been impressed by this real estate deal. The cash-strapped Community...
Shokai Group picks up unsold NoMad condos for $81M
Lendlease and Victor Group have resorted to a bulk buyer to unload condo units at 277 Fifth Avenue, selling...
Vornado’s 220 Central Park South approaches $3B in total sales
What happens when the world’s most profitable condo hits a major sales milestone? Vornado Realty Trust doesn’t celebrate and...
National
Jump in homeseller profit margin hits post-recession high
Those selling their home in the midst of one of the hottest housing markets in recent memory are reaping...
Tri-State
$4.4M condo sale breaks Jersey City record
A record condo closing at 99 Hudson Street in Jersey City has been eclipsed by another sale in the same building. The penthouse apartment on the 76th floor of the 79-story building recently sold...
“Succession” pad up for grabs in Tribeca
Most people will never experience a day in the life of the Roy family from HBO’s “Succession.” Someone can...