NYC Real Estate News

Thu, 07/02/2020 - 15:59
Amid the pandemic's economic toll on retail landlords around the city, Downtown Brooklyn's Fulton Mall is gaining two new tenants. The Brooklyn Hospital Center and Spectrum Cable have both inked...

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Thu, 07/02/2020 - 15:51
I've been asked by many people both inside and outside of health care, what will our world look like after the pandemic? What will be the impact on businesses? What will be the toll on health care?...

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Thu, 07/02/2020 - 15:35

Justin Bieber appears to be the latest celeb to lock down a summer getaway in the Hamptons. The 26-year-old pop star is reportedly paying $375,000 for a three-week stay at a five-bedroom home in Montauk. The house wasn’t on the market and the owners agreed to move out to allow His Biebness to enjoy summer in the Hamptons, the New York Post reported. Bieber’s camp denied the story, though a rep for Bieber’s real estate

The post Justin Bieber reportedly drops $375K for a three-week stay in Montauk appeared first on The Real Deal New York.

Thu, 07/02/2020 - 15:19
Call it a compromise–kind of. After announcing on Wednesday the suspension of “We made a decision that we could not go ahead with indoor dining,” the mayor said. “So we have to double down on Open...

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Thu, 07/02/2020 - 15:15

Protesters are demonstrating in the Hamptons, and wealthy residents aren’t simply ignoring them. Private security contractors are getting tons of calls from Hamptons homeowners to guard their estates, according to the New York Post. About 200 marchers and 100 drivers visited some of the Captains of the Universe in the Hamptons on Wednesday. In protesting income inequality, demonstrators have targeted the homes of wealthy and influential vacationers including former New York City Mayor Michael Bloomberg,

The post Protesters target Bloomberg, Ross and Schwarzman at their Hamptons homes appeared first on The Real Deal New York.

Thu, 07/02/2020 - 15:13
An ambitious plan to save the struggling restaurant industry has butted up against an intractable public policy issue that has dogged the for years. Multiple restaurant owners in Hell’s Kitchen...

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Thu, 07/02/2020 - 15:05

When Michael Rosenfeld made the deal for the site of the Century Plaza condo back in 2008, he knew it was one that would define his legacy. “This is a rare opportunity to buy a jewel in my hometown,” he told the Los Angeles Times after closing on the acquisition of the landmarked Century Plaza Hotel for $366.5 million, with backing from New York-based D.E. Shaw. Rosenfeld cited the area’s bustling office and residential market

The post Inside a $1.8B new development odyssey appeared first on The Real Deal New York.

Thu, 07/02/2020 - 14:00

Manhattan home sales plunged by the sharpest decline in 30 years this spring as the coronavirus left brokers and buyers on the sidelines. The number of closed condo and co-op sales during the second quarter of the year tanked more than 54 percent from the same time last year, according to a report from Douglas Elliman and appraiser Jonathan Miller. Just 1,357 sales closed, compared to 2,957 closed deals in the second quarter of 2019.

The post Manhattan home sales experience record decline appeared first on The Real Deal New York.

Thu, 07/02/2020 - 13:41
New York City plans to reopen its public schools in September with social-distancing guidelines, Mayor Bill de Blasio said Thursday. “We’re full steam ahead for September,” de Blasio said. The goal...

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