NYC Real Estate News

Sat, 02/16/2019 - 07:00
Permits have been filed for a seven-story mixed-use building at 31 Sumpter Street in Stuyvesant Heights, Brooklyn. Located between Fulton Street and Patchen Avenue, the interior lot is one block west of the Ralph Avenue subway station, serviced by the A and C trains. Neriya Borukhov under the 31 Sumpter LLC is listed as the owner behind the applications.
Sat, 02/16/2019 - 06:30
Permits have been filed for an eight-story residential building at 1670 East 19th Street in Homecrest, Brooklyn. Located between Kings Highway and Quentin Road, the interior lot is four blocks east of the Kings Highway subway station, serviced by the B and Q trains. Joshua Markovics of Royal Builders is listed as the owner behind the applications.
Sat, 02/16/2019 - 06:00
Going plastic free starts with cloth bags and straws. Suddenly, you’re … making your own toothpaste?
Fri, 02/15/2019 - 18:47
Joseph Sitt’s Thor Equities is scrapping plans for an 800,000-square-foot office complex on the Red Hook shoreline, a source told The Real Deal. Instead, it now plans to build last-mile warehousing on the site. In October, another source with knowledge of Sitt’s thinking said the developer was torn between pursuing a plan to build a pair of office buildings on the site, a former sugar factory, and going industrial instead. The two four-story buildings Sitt […]
Fri, 02/15/2019 - 18:04
Home Depot bought two Bronx properties for $40 million, about two weeks after the retailer filed plans to build a new 133,000-square-foot store in Queens. The home improvement supplier dropped $40 million for two commercial buildings along East Gun Hill Road, near the Bay Plaza Shopping Center in the Bronx. The seller was Madison International Realty, according to a public filing recorded Friday with the New York City Department of Finance. The larger of the […]
Fri, 02/15/2019 - 17:00
Keller Williams Midtown has lost another CEO — the third in the past year. This one lasted just nine months on the job. Michael Guerra, who was hired in June, was forced out earlier this week, sources said. Guerra, who spent many years at Douglas Elliman, was hired after the Midtown franchise lost two other leaders last year in quick succession, including Lezley Charles, who oversaw a massive hiring spree. Prior to Keller Williams, Guerra […]
Fri, 02/15/2019 - 16:48
Uber Technologies Inc. is taking New York City to court over the government’s decision to cap the number of ride-hailing drivers allowed on the streets. Officials partly justified restraints on...

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Fri, 02/15/2019 - 16:30
After the Sitex Group sold a Red Hook logistics site for a whopping $303 million, the industrial real estate firm has gone on a buying spree. Most recently in New York, firm bought a trio of industrial buildings in Ridgewood for $36 million, according to a public document filed Friday with the city’s finance department. The deal closed Jan. 31. The Englewood, New Jersey-based Sitex did not return a request for comment. An entity tied […]
Fri, 02/15/2019 - 16:15
Just as Sears is emerging from bankruptcy, another major retailer battered by e-commerce is entering into it. Payless ShoeSource will shutter all 2,300 stores when it files for bankruptcy later this month, according to Reuters. It’s the second time the Topeka, Kansas-based discount shoe chain has filed for bankruptcy in two years. It was one of many retailers that closed or filed for bankruptcy in 2017. Payless has been unsuccessful in its search for a […]