NYC Real Estate News

Sun, 01/19/2020 - 06:30
Permits have been filed for a four-story mixed-use building at 134-11 221st Street in Laurelton, Queens. Located at the intersection of Merrick Boulevard and 221st Street, the lot is near the Laurelton station, serviced by the Long Island Rail Road. Myron J. Berman under the 221-06 Merrick Boulevard Associates is listed as the owner behind the applications.
Sun, 01/19/2020 - 05:00
Recent residential sales in New York City and the region.
Sat, 01/18/2020 - 14:00

In the elegant Hungarian capital of Budapest, it’s good news for home sellers and not so good news for buyers. No other city in the world saw prices climb higher than in Budapest in the third quarter of 2019. The price of a home rose 24 percent year-over-year, according to a Knight Frank study cited by Mansion Global. It wasn’t a fluke for the city of 1.7 million — it topped Knight Frank’s list of

The post This European city has the world’s fastest rising home price appeared first on The Real Deal New York.

Sat, 01/18/2020 - 12:00

It’s time to share a conference room in the City of Brotherly Love. CBRE’s first co-working location in the Northeast is set to open by the end of the year in Philadelphia. The 50,000-square-foot location at Shorenstein Properties’ 1818 Market building is under CBRE’s Hana brand that the commercial giant launched last year, according to the Philadelphia Inquirer. CBRE has opened two Hana locations — in London and Dallas — and plans to open two

The post CBRE to open first Northeast co-working location in Philadelphia appeared first on The Real Deal New York.

Sat, 01/18/2020 - 09:00

How much would it cost to build a brand new, 445,000-acre capital city from scratch in the 21st century? Indonesia figures about $34 billion, and the world’s fourth-most populous nation has tapped a strange collection of people to execute the plans. The massive development project will be led by Crown Prince Sheikh Mohammed bin Zayed Al Nahyan of Abu Dhabi, according to the Associated Press. Following a two-day meeting with President Joko Widodo, the crown

The post Masa Son, the crown prince of Dubai and Tony Blair walk into a bar and decide to build a $34B city in Asia appeared first on The Real Deal New York.

Sat, 01/18/2020 - 08:00
Exciting and long-awaited news has been announced in the Financial District, as a return to the original plans for Two World Trade Center have been confirmed. The New York Post reports that Norman Foster's original 2006 design for the potential supertall, aka 200 Greenwich Street, is getting another shot at becoming a reality. In 2018, YIMBY was the first to indicate this was a possibility in an interview with Larry Silverstein, head of Silverstein Properties, who said Foster's vision was still on the table, although at that point the Bjarke Ingels design was the apparent lead contender for construction.
Sat, 01/18/2020 - 07:30
BDF Design, an international architecture firm with offices in London and New York City, has released preliminary renderings of a new residential property in Greenpoint, Brooklyn. The proposed build site is located at 67 Engert Avenue and would partially reuse and expand an existing two-story warehouse structure.
Sat, 01/18/2020 - 07:00
Permits have been filed for a four-story commercial building at 1905 Third Avenue in East Harlem, Manhattan. Located at the intersection of 105th Street and Third Avenue, the lot is a couple blocks north of the 103rd Street subway station, serviced by the 6 train. Jeff Sutton is listed as the owner behind the applications. The commercial real estate developer is known for his many retail properties along the shopping corridors of Fifth Avenue, 34th Street, and Times Square.
Sat, 01/18/2020 - 06:30
Permits have been filed for a four-story residential building at 831 Hart Street in Bushwick, Brooklyn. Located between Knickerbocker Avenue and Irving Avenue, the lot is near the Dekalb Avenue subway station, serviced by the L train and the Knickerbocker Avenue/Myrtle Avenue station, serviced by the M train. Cody But under the AC88 LLC is listed as the owner behind the applications.
Fri, 01/17/2020 - 17:11

A new bill seeks to raise money for public housing while bringing more transparency to the world of mezzanine financing. A new state bill introduced by State Senator Julia Salazar and Assemblymember Harvey Epstein would include mezzanine debt in mortgage recording and include such transactions in the mortgage recording tax. The bill defines mezzanine debt as debt carried by the borrower that may be subordinate to the primary lien, or common shares and reported assets

The post Pols take aim at private equity with new plan to tax mezz debt appeared first on The Real Deal New York.