NYC Real Estate News

Wed, 09/23/2020 - 09:00
Image Credit: Warburg Realty Not only does this Washington Heights apartment have a unique view of the George Washington Bridge, but the two-bedroom/two-bathroom home is priced at a very buyer-friendly $799,000. Located at 825 West 179th Street, the completely renovated unit is part of a beautiful pre-war co-op just a block from the Hudson River. The sixth-floor residence opens into a long hallway, at the end of which is the main living space. It’s plenty bright thanks to oversized south- and west-facing windows that have views of the bridge, the Hudson River, and the Palisades. The kitchen has quartz counters, custom cabinetry, and new […]
Wed, 09/23/2020 - 09:00
An 1840 Greek Revival home near Louisville, a midcentury-modern house in Springfield and a Gothic-Tudor cottage in Minneapolis.
Wed, 09/23/2020 - 09:00
An 1840 Greek Revival home near Louisville, Ky.; a midcentury-modern house in Springfield, Mo.; and a Gothic-Tudor cottage in Minneapolis.
Wed, 09/23/2020 - 08:58

For years, Zillow denied it had plans to become a brokerage. But the listings giant is doing just that, in a move it says will streamline its iBuying operation. Starting in January 2021, the company said salaried agents will work with sellers who want cash offers for their homes through Zillow Offers. In those transactions, Zillow Homes will be the broker of record, the company said. To start, Zillow agents will work with homeowners in

The post Zillow launches brokerage to boost iBuying appeared first on The Real Deal New York.

Wed, 09/23/2020 - 08:45

A year after Amazon’s stunning defeat in Queens, Industry City’s capitulation in Brooklyn marks a new low point for the real estate industry. The owners of the 35-acre Sunset Park campus withdrew their rezoning application Tuesday night as mounting political opposition doomed its chances in the City Council. The decision makes clear that Amazon’s abandonment 19 months ago of a multi-billion-dollar headquarters planned for Long Island City was not an outlier. For decades, the promise

The post Real estate hits bottom as Industry City abandons plan appeared first on The Real Deal New York.

Wed, 09/23/2020 - 08:30

Burlington Coat Factory has leased a big space in Brooklyn and is already gearing up for year-end holiday sales. The 45,000-square-foot store will encompass a former Staples and 24-Hour Fitness at Flatbush Center, according to Marcelo Klajnbart of ACHS Management, a division of Alex Adjmi’s A&H Acquisitions, the property’s owner. Burlington already has a similarly large store in Kings Plaza mall that opened in 2018 and another on Atlantic Avenue. The new store, at 2163

The post Burlington Coat Factory inks big lease in Brooklyn appeared first on The Real Deal New York.

Wed, 09/23/2020 - 08:00

When tenant activists charged State Assembly Speaker Carl Heastie’s office this month — demanding he back their cancel-rent bills — the leader of New York’s people’s house gave the gathered crowd an impromptu talking-to. “The bill you’re asking for is not something we can do alone,” Heastie said, of a measure sponsored by Assembly member Yuh-Line Niou and Sen. Julia Salazar to cancel rent. The bill, which has 11 Senate and 32 Assembly sponsors, has

The post What Albany’s cooking up for real estate appeared first on The Real Deal New York.

Wed, 09/23/2020 - 08:00
Exterior work is moving along on the residential conversion and retail addition at One Wall Street in the Financial District. Designed by SLCE Architects and developed by Macklowe Properties, the projected $1.5 billion undertaking is the largest office-to-condominium conversion in New York City history. When complete, the property will yield 566 residential units with sales handled and marketed by CORE, as well as a 44,000-square-foot Whole Foods Market and a Life Time fitness center on the lower levels.
Wed, 09/23/2020 - 08:00
RXR Realty, run by Chief Executive Scott Rechler, owns more than 25 million square feet of office space in the city, but most of it sits empty now, thanks to the pandemic. The day after Labor Day,...

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Wed, 09/23/2020 - 07:30

When R/GA moved its New York headquarters to Brookfield Property Partners’ 5 Manhattan West, some praised the global advertising agency for adopting state-of-the art technologies entirely controlled by apps. The new 173,000-square-foot office was designed to attract the best talent, competing with tech firms such as Twitter and Facebook, Bob Greenberg, the company’s founder, told Forbes in 2016. A few months after Covid-19 hit nearly every industry, however, the Interpublic Group subsidiary was forced to

The post Office subleases flood top metro markets appeared first on The Real Deal New York.