NYC Real Estate News

Tue, 02/25/2020 - 18:00

The Peninsula Beverly Hills believes it had its own Aldrich Ames manning the front desk. The ultra-luxury hotel filed a lawsuit this week alleging that a former employee who defected to the nearby Waldorf Astoria, owned by developer Beny Alagem, engaged in a long-running plot to steal “lucrative Middle Eastern clients” from Saudi Arabia and the Gulf. The details of the legal filing, which were first reported by the Wall Street Journal, read like a

The post Beverly Hills’ Waldorf Astoria planted a mole inside the Peninsula to steal clients, lawsuit says appeared first on The Real Deal New York.

Tue, 02/25/2020 - 17:00

A 19th-century townhouse on West 4th Street has come to market, but this is not your average listing. The property next door is also for sale, offering a deep-pocketed buyer the opportunity to build another megamansion in the West Village. And that property happens to be owned by one of the nation’s most prolific homebuilders. The owner of 294 West 4th Street — via limited liability company Straight Outta Mortlake — has put the three-story

The post Big names, big properties, big price: $26M for Village homes appeared first on The Real Deal New York.

Tue, 02/25/2020 - 16:50

Forever 21 has appointed a new CEO less than a week a bankruptcy court judge approved the fashion retailer’s sale to a trio of investors for $81 million. Daniel Kulle will take the top job after more than two decades at H&M. The announcement was made Tuesday by Authentic Brands Group, which reached a deal to buy Forever 21 with Simon Property Group and Brookfield Property Partners. The sale was finalized last week. Kulle most

The post Forever 21’s new CEO is former H&M exec appeared first on The Real Deal New York.

Tue, 02/25/2020 - 16:37

Amazon is continuing to boost its presence in New York City with a big new lease. The e-commerce giant is taking roughly 300,000 square feet of space in Queens’ Rentar Plaza, according to loan database TreppWire. The servicer on the $132 million loan backed by the complex submitted a note to the database that said Amazon would be taking over the Metropolitan Museum of Art’s 109,000-square-foot space, plus the remaining 190,000 square feet of vacant

The post Amazon signs 300K-sf lease in Middle Village appeared first on The Real Deal New York.

Tue, 02/25/2020 - 16:30
A checklist for turning that new house into a home.
Tue, 02/25/2020 - 16:17
Disney CEO Bob Iger is stepping down immediately, the company said in a surprise announcement Tuesday. The Walt Disney Co. named Bob Chapek as his replacement. Chapek was most recently chairman of...

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Tue, 02/25/2020 - 16:02
The MTA named former Federal Railroad Administration as interim head Sarah Feinberg to oversee the city's subways and buses, replacing Andy Byford, who stepped down after feuding with the...

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Tue, 02/25/2020 - 16:00
The fate of twin lobbies designed by Noguchi is uncertain as the developer of the building plans to renovate and dismantle the work.
Tue, 02/25/2020 - 15:25
The U.S. Army Corps of Engineers has stopped a multiyear study of strategies and projects meant to protect the New York City region against catastrophic storm surges and rising...

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Tue, 02/25/2020 - 14:48

CBRE is planning to lay off more than three dozen employees in its New York office due to a shift in business priorities. The world’s largest commercial real estate services firm filed a notice with the state’s Department of Labor earlier this month stating it planned to let go 40 employees. The company gave its reason for the layoffs as a “reduction in workload due to a change in business priorities.” A representative for CBRE,

The post CBRE plans cuts to NYC tech team appeared first on The Real Deal New York.