NYC Real Estate News

Fri, 01/17/2020 - 11:50

The Sunset Park community board reached an impasse on the Industry City rezoning after a lengthy meeting Wednesday night. The board members failed to reach a decision on the rezoning proposal, disagreeing with several key components of the $1 billion plan to add retail, hotels and academic space to the 35-acre complex, Curbed reported. The development, which is a joint venture of Jamestown, Belvedere Capital, and Angelo, Gordon & Co., has yet to win the

The post Sunset Park Community Board divided on Industry City appeared first on The Real Deal New York.

Fri, 01/17/2020 - 11:09
Streetview of 14-16 Fifth Avenue, Map data © 2020 Google; Painting of Henry Breevort via public domain, Photo of General Daniel Edgar Sickles courtesy of the Library of Congress, and photo of Celeste Holm via public domain Madison Realty Capital filed plans last month to demolish 14-16 Fifth Avenue, a five-story apartment building constructed in 1848, and replace it with a 244-foot-tall tower. Because it is located within the Greenwich Village Historic District, it can only be demolished if the city’s Landmarks Preservation Commission rules that the building itself is of no historic or architectural merit, and does not contribute to the character […]
Fri, 01/17/2020 - 10:46
As former Municipal Credit Union CEO Kam Wong from the financial institution that serves 600,000 working New Yorkers, he soothed his conscience by popping opioids. Federal authorities say Wong got...

To view the full story, click the title link.
Fri, 01/17/2020 - 10:46
As former Municipal Credit Union CEO Kam Wong from the financial institution that serves 600,000 working New Yorkers, he soothed his conscience by popping opioids. Federal authorities say Wong got...

To view the full story, click the title link.
Fri, 01/17/2020 - 10:45

As Barneys rushes to liquidate its assets, the fate of its employees is uncertain. And they are not happy about it. According to the retailer’s bankruptcy filing, despite $4 million in severance pay obligations, the company only has $2 million available to pay its employees, the New York Times reported. Now, staffers say they have experienced a deterioration in the working conditions at the stores and missed paychecks blamed on a “cyber incident,” according to

The post Barneys’ lights still on, but workers left in dark appeared first on The Real Deal New York.

Fri, 01/17/2020 - 10:29

UPDATED, 11:39 a.m.: Knotel laid off as much as a third of its New York market-focused staff, as the company faces high vacancy rates and a drop in leasing activity. Close to 20 people were fired this week from the co-working company’s office at 22 West 38th Street, former employees told The Real Deal. The location focuses on the firm’s New York market, and had between 50 and 60 employees. The move follows the departure

The post Knotel lays off up to a third of its New York-focused staff: sources appeared first on The Real Deal New York.

Fri, 01/17/2020 - 10:16

UPDATED, Jan. 17, 2020, 4:49 p.m.: Charney Construction and Development is reinventing itself. The firm, led by Sam Charney, is launching an in-house residential and commercial brokerage as well as a property management team. The businesses will now all operate under Charney Companies, according to a spokesperson. Charney hired Andrew Steiker-Epstein from Compass, who will lead the brokerage division, and several other agents from Compass  and Cushman & Wakefield, Commercial Observer reported. The firm has

The post Charney Construction & Development branches out appeared first on The Real Deal New York.

Fri, 01/17/2020 - 09:53
Image courtesy of Gammahaus A new design–the third so far–has been revealed for 3 Hudson Boulevard, the next office tower to rise at Hudson Yards. Located at the northwest corner of West 34th Street and Hudson Boulevard, the tower, which has long been in planning stages, will have 1.85 million square feet of office space. The latest designs reveal a height of just under 1,000 feet with 56 stories, the New York Post reports. Some floors will have ceilings of almost 30 feet with terraces at the end. Image courtesy of Binyan Studios. The project is being developed by Joseph Moinian’s Moinian […]