NYC Real Estate News

Wed, 02/01/2023 - 14:52

The $227 billion proposal comes at a precarious fiscal moment for the state and city

Wed, 02/01/2023 - 14:51
Photo of the Seneca Village mosaic courtesy of © 6sqft February is a month dedicated to the celebration of Black culture and achievements in the United States. In New York City, you can commemorate Black History Month with special events and programs at museums, theaters, art galleries, pop-up markets, parks, and more. From listening to the Harlem Chamber Players perform pieces by legendary Black composers to viewing period rooms inspired by homes from Seneca Village at the Metropolitan Museum of Art, here are 20 ways to celebrate Black history throughout February. Image courtesy of Kolin Mendez First Saturday: Legacy Brooklyn Museum, […]
Wed, 02/01/2023 - 14:34

Developer Jubao Xie has secured the next chapter for the world’s tallest Holiday Inn. A federal bankruptcy judge approved Xie’s plan to make the Financial District hotel at 99 Washington Street into housing for migrant families, Crain’s reported. The permission should allow Xie to move forward on a preliminary agreement with NYC Health + Hospitals, which leads the migrant shelter program. Under terms of the agreement, Xie could reap $190 per room per day for

The post Distressed FiDi Holiday Inn greenlit for migrant shelter appeared first on The Real Deal New York.

Wed, 02/01/2023 - 14:19

Investors have grown more bullish on the company in recent weeks after its dramatic rise and fall during the pandemic

Wed, 02/01/2023 - 13:59

Goldman Sachs buys a building in Brooklyn Heights, and a union health care group leases a new office in Flatiron

Wed, 02/01/2023 - 13:56

The scammer stole almost $100,000 of client money from the historic Brooklyn grocer

Wed, 02/01/2023 - 13:21

The landlord said its 26 area properties, which include ones in Manhattan, Brooklyn and New Jersey, were 87% leased as last year came to an end, compared with 88% at the close of 2021

Wed, 02/01/2023 - 13:01
New York City finally got its bean. About five years and several delays later, Anish Kapoor’s mirrored sculpture was unveiled to the public this week, seemingly propping up Tribeca’s “Jenga Building” at 56 Leonard Street. As first reported by Tribeca Citizen, and confirmed by 6sqft, the longstanding barriers and scaffolding have been removed, with the monumental permanent public artwork taking its rightful place on the corner of Church and Leonard Streets. When plans for Herzog & de Meuron’s 56 Leonard were unveiled in 2008, early renderings showed Kapoor’s sculpture in front of the building. After challenges concerning the welding and fairing process of the smooth, […]
Wed, 02/01/2023 - 13:00

While all eyes will be tuned to Federal Reserve Chair Jay Powell’s press conference Wednesday for indications of whether the U.S. will slide into a recession, one of the nation’s largest office landlords says it’s already here for commercial real estate. “Notwithstanding the running debate on whether the U.S. economy will experience a hard or soft landing, commercial real estate markets are currently in a recession,” Boston Properties CEO Owen Thomas said on the company’s

The post The commercial real estate recession is here: Boston Properties appeared first on The Real Deal New York.

Wed, 02/01/2023 - 12:28

Tamir Shemesh, a top-producing Manhattan broker, has been terminated from Serhant, the brokerage confirmed to The Real Deal. The reasons for Shemesh’s termination, which comes just over a year after he and his four-person team joined Serhant from Douglas Elliman, were unclear. The broker’s personal page on Serhant’s website was inaccessible as of Wednesday morning. Shemesh could not immediately be reached for comment. It’s the broker’s third abrupt exit in recent memory. Shemesh joined Serhant

The post Top broker Tamir Shemesh out at Serhant appeared first on The Real Deal New York.