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Gary Barnett, Lars Windhorst and 50 West 66th Street (Getty, Extell)

Extell pushes forward plans for UWS condo with new partner

Extell Development is bringing on a new partner for its 775-foot Upper West Side condo tower, which caught heat...

Extell pushes forward plans for UWS condo with new partner
Nearly 60% of condo units built in Long Island City, Queens, since 2018 remain unsold. (iStock)

“You’ve either made the wrong shoes, or you’ve made too many”: LIC faces a serious condo glut

Over the past decade, Long Island City became the ultimate testing ground for New York City’s new development market. Its proximity to Manhattan and...

“You’ve either made the wrong shoes, or you’ve made too many”: LIC faces a serious condo glut
Covid discount? Condo developers are barely budging

Covid discount? Condo developers are barely budging

Buyers looking for a “Covid discount” on a New York condo may be disappointed. Concessions may be on the...

Covid discount? Condo developers are barely budging
109 East 79th Street and Victor Sigoura (Google Maps; Getty)

Victor Sigoura lands $133M construction loan for UES condo

Victor Sigoura isn’t letting a soft luxury market or a pandemic hold up his boutique condo on the Upper...

Victor Sigoura lands $133M construction loan for UES condo
the 2 Waterline Square condo and 173 Perry Street #4N (Credit: Corcoran, Realtor)

Outdoor space seals deal in tough luxury market

When a buyer was weighing whether to make an offer at GID Development’s 2 Waterline Square condo in early...

Outdoor space seals deal in tough luxury market
27 East 79th Street and 43 West 13th Street (Credit: 27E79, Google Maps)

“Lonely lotto winners”: Luxury contracts fall again in Manhattan

After a brief glimmer of activity, luxury deals have fallen again in Manhattan. There were just two contracts signed...

“Lonely lotto winners”: Luxury contracts fall again in Manhattan
The Hayworth at 1289 Lexington Ave and Ceruzzi Properties’ Arthur Hooper (Rendering Hooper by Sasha Maslov)

“We’re exploring everything”: Ceruzzi’s UES condo under pressure after loan falls through

 Ceruzzi Properties is struggling to secure a lifeline at its Hayworth condominium on the Upper East Side, as the pandemic heaps pressure on overstocked...

“We’re exploring everything”: Ceruzzi’s UES condo under pressure after loan falls through
HFZ Capital chairman Ziel Feldman with the XI (Credit: Owen Hoffmann/Patrick McMullan via Getty Images; Rendering via BIG)

HFZ’s the XI has considered wholesale deals

HFZ Capital Group’s sales team has discussed selling a chunk of discounted units at the XI, the Far West...

HFZ’s the XI has considered wholesale deals
252 East 57th Street and 196 Orchard Street with Samantha Sheeber and Tal Alexander

Closing in the time of Covid-19: “We’re pulling out all the stops”

UPDATED Sunday, April 5, 2020, 11:43 a.m.: Closing in the time of coronavirus is onerous but not impossible. Developers...

Closing in the time of Covid-19: “We’re pulling out all the stops”
Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

One called for a total shutdown of business. Another advised startups to plan for zero revenue for six months....

TRD Talks: How developers are contending with coronavirus
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