NYC Real Estate News

Wed, 10/23/2019 - 07:30

In 2011, Rodrigo Niño was weighing his own mortality. The real estate executive, originally from Colombia, had been diagnosed with stage three melanoma. After two surgeries, his only choice, he later recounted in a heavily produced video, was to “venture into the unknown.” Niño, who is tall and thin with wavy gray hair, flew to Peru and traveled into the jungle, where he spent two weeks taking ayahuasca, a traditional brew and spiritual medicine known

The post Panic at Prodigy appeared first on The Real Deal New York.

Wed, 10/23/2019 - 07:30
Detailed floorplans have surfaced for a new residential building at 718 Bushwick Avenue in Bushwick, Brooklyn. Designed by Robert Bianchini of Arc Architecture + Design Studio, the property is currently in pre-construction phases and will replace an aging, Italianate-style residential building that dates back to the early 1900s.
Wed, 10/23/2019 - 07:00
Permits have been filed for a 29-story mixed-use building at 595 Dean Street in Prospect Heights, Brooklyn. Located between Carlton Avenue and Vanderbilt Avenue, the lot is two blocks east of the Atlantic Avenue-Barclay Center subway station, serviced by the B, D, N, Q, R, 2, 3, 4, and 5 trains. TF Cornerstone is listed as the owner behind the applications after purchasing the adjacent 595 and 615 Dean Street sites, part of the Pacific Park complex, for $143 million at the beginning of the year. TF Cornerstone is leasing the land from the Empire State Development Corporation, once the construction is complete, the deal will convert to ownership.
Wed, 10/23/2019 - 07:00

Embattled lingerie chain Victoria’s Secret is baring its knuckles for a fight with its landlord. As the company copes with slowing sales and flagging relevance in the #MeToo era, it’s suing to terminate one of its leases for retail space in the Westfield World Trade Center Shopping Center. According to a complaint filed in New York’s Supreme Court last week, Victoria’s Secret signed a lease for 1,536 square feet on the building’s lower level in

The post Victoria’s Secret sues WTC landlord amid store closures and layoffs appeared first on The Real Deal New York.

Wed, 10/23/2019 - 06:30
Permits have been filed for a five-story mixed-use building at 114-17 101st Avenue in Richmond Hill, Queens. Located on the corner of 115th Street and 101st Avenue, the lot is a few blocks from the Lefferts Boulevard subway station, serviced by the A train. Sunita Khanna is listed as the owner behind the applications.
Wed, 10/23/2019 - 05:03
With new luxury housing and a $256 million PATH station, the Hudson County city is hoping to turn itself into a place millennials want to call home.
Tue, 10/22/2019 - 19:13

UPDATED, Oct. 23, 12:25 p.m.: CoStar Group says it has settled its years-long copyright infringement claim against its bankrupt and now defunct competitor, Xceligent. The commercial real estate data conglomerate reached a $10.75 million settlement with its competitor’s insurer, according to court filings. The two firms were at loggerheads in 2017, after CoStar alleged Xceligent had stolen thousands of images and proprietary material from its commercial real estate listings platform. Xceligent counter-sued, alleging anti-competitive practices,

The post CoStar reaches $11M settlement in copyright infringement suit against Xceligent appeared first on The Real Deal New York.

Tue, 10/22/2019 - 18:18

RXR Realty has landed just over $421 million in financing from Goldman Sachs for 620 Avenue of the Americas. The funding consists of a $334.4 million refinanced loan and $87.1 million in new financing, according to property records. Representatives for RXR and Goldman Sachs did not immediately respond to requests for comment. An Eastdil Secured team of Grant Frankel and Rob Turner brokered the deal. The Chelsea building spans 760,000 square feet overall, and RXR

The post RXR gets $400M+ from Goldman Sachs to refi Sixth Avenue building appeared first on The Real Deal New York.

Tue, 10/22/2019 - 17:30
I’ve tested dozens of items, and here’s what’s best for under $40 — a fridge wall rack, cup hooks, a magnetic knife strip, and more.
Tue, 10/22/2019 - 16:34

New York’s highest court on Tuesday cleared the way for a group of tenants to pursue a class action lawsuit against a Harlem landlord accused of wrongfully inflating rents on stabilized apartments. Both landlord and tenant representatives say the latest decision will have far-reaching implications for similar class action lawsuits going forward. In a 4-3 decision, the state’s Court of Appeals ruled that a trial court shouldn’t have dismissed a 2016 lawsuit filed against Big

The post “Nightmare” for landlords: Court OK’s class action against Harlem owner appeared first on The Real Deal New York.