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Architecture and Design
Special Issue Archive
Oleg Cassini’s former UES headquarters faces foreclosure
June 20, 2019 11:45AM
UPDATED, June 21, 12:30 p.m.: An Upper East Side townhouse that was once house the headquarters of the late fashion designer Oleg Cassini is...
City tapped De Blasio donor to take over foreclosed properties
May 28, 2019 02:00PM
Frank Carone’s RiseBoro Community Partnership and Nancy Lepre’s Avante Contracting were among groups that gave at least $100,000 to political campaigns, including Mayor Bill...
Lenders in glass houses? Judge rules Maverick can’t foreclose on Chelsea property because it violated loan agreement
May 20, 2019 05:30PM
In a somewhat ironic ruling, a New York state Supreme Court judge ruled that Maverick Real Estate Partners can’t foreclose on a Chelsea apartment...
Nationwide foreclosure rates continue to drop, but problem areas remain
May 16, 2019 09:15AM
Nationwide foreclosure numbers continue to trend downward, though Miami and Orlando are among the notable cities where warning signs persist. There were 55,646 foreclosure...
Bluestone buys Queens building for $85M at foreclosure auction
May 10, 2019 12:45PM
Bluestone Group spent $85 million to take back a Queens property at a foreclosure auction on Friday morning, according to sources familiar with the...
Queens property purchased for $125M by Chinese firm headed to foreclosure
April 19, 2019 01:30PM
An Elmhurst building that was formerly part of St. John’s hospital is now in foreclosure and will be auctioned off next month, where it...
NoMad Hotel to hit the auction block
April 16, 2019 03:11PM
New owners may soon be checking into the NoMad Hotel. The hotel’s mezzanine lender, Colony Capital, initiated a UCC foreclosure auction on the 168-key...
More Americans are paying mortgages
March 01, 2019 10:30AM
Kenneth R. Harney
It’s a real estate and social barometer that doesn’t get a lot of publicity, but it’s important: More Americans are paying their mortgages on...
Is New York City headed for another foreclosure crisis?
January 18, 2019 04:30PM
When Canadian fashion mogul Maurice Benisti’s company lent nearly $19 million to a buyer of a new apartment at Extell Development’s One57, there was...
U.S. foreclosures drop to lowest level since 2005, but on the rise in Florida
January 17, 2019 08:05AM
American lenders last year initiated foreclosures on the lowest percentage of American homes since 2005, raising hopes that the worst of the last housing...
House tax bill contains early holiday gifts for homeowners
December 07, 2018 10:30AM
Kenneth R. Harney
December is mega-tax-bill time on Capitol Hill, when legislation loaded with gifts and goodies for special-interest constituents moves ahead for action before the end...
SL Green nabs $150M loan for 2 Herald Square
November 16, 2018 05:00PM
SL Green Realty has landed a $150 million loan for 2 Herald Square, which the firm acquired the leasehold of through a foreclosure auction....
Wells Fargo software error led to hundreds of home foreclosures
November 06, 2018 06:00PM
Wells Fargo disclosed that a software error contributed to hundreds of their customers losing their homes. In a filing with the Securities and Exchange...
Why foreclosed homes are appreciating faster than the typical home
October 12, 2018 05:00PM
Foreclosed home values are soaring. Homes that were foreclosed on during the recession are appreciating at a faster rate than typical homes, MarketWatch reported....
NYC foreclosures slide 17% in Q3
October 05, 2018 09:45AM
First-time foreclosures in New York City dipped 17 percent in the third quarter this year, marking the first time since early 2017 that the...
A 618-unit apartment complex in Astoria is facing foreclosure
October 02, 2018 04:02PM
A Wells Fargo-managed trust is looking to foreclose on a 618-unit condo development in Astoria after its owners failed to make a loan payment....
Long Island mansion once owned by Phillipines dictator hits the auction block
September 02, 2018 10:00AM
A Long Island mansion once owned by late Philippines dictator Ferdinand Marcos is hitting the auction block with a starting bid of $2.1 million....
Nationwide home foreclosures tick up for first time in 3 years: report
August 21, 2018 08:05AM
New home foreclosure filings nationwide inched up in July, signaling the first year-over-year rise after three consecutive years of decreases. The report from Attom...
Build a 276K sf project on this Hudson Heights site heading for foreclosure
August 01, 2018 11:02AM
The site of a notoriously delayed condominium project in Hudson Heights that became one of the most prominent symbols of the country’s 2008 financial...
Home foreclosures in key US markets are on the rise again: report
July 12, 2018 09:00AM
Almost a decade after home foreclosures skyrocketed during the financial crisis, they are starting to rise again in some of the country’s hottest real...
June 2019 issue
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