The “sanctions bill from hell” is back from the dead. Republican Senator Lindsey Graham (SC) and Democratic Senator Bob Menendez (NJ) on Wednesday introduced a tougher version of last year’s “Defending American Security from Kremlin Aggression Act,” and once again, the bill includes a provision that targets people using limited liability companies for high-priced real estate transactions nationwide, the Wall Street Journal reported. The Treasury Department’s Geographic Targeting Orders, which currently apply to a dozen […]
Shared office space company Knotel will open its first Los Angeles outpost in Santa Monica, expanding its U.S. reach from New York and San Francisco. Knotel will lease 12,388 square feet across the third and fourth floors at 429 Santa Monica Boulevard, the company announced. The seven-story building is a few blocks from the beach and from the Metro Expo Line’s Downtown Santa Monica station. Company founder Amol Sarva said in a statement that the […]
In addition to his Murray Hill townhouse, President Chester A. Arthur also owned this three-story Victorian mansion built in 1796, which he considered his “Summer White House.” The luxurious fully renovated Hamptons property was last on the market in 2016 for $14.2 million, or $480,000 annually for potential renters. Just in time for Presidents Day, the six-bedroom, four-and-a-half bathroom home is back for a reduced $13.5 million. As 6sqft previously noted, the cost to rent this presidential pad between Memorial and Labor Day was estimated to be $390,000. Originally built for a whaling captain, the home underwent a thorough renovation by […]
The Rabsky Group sold one of its large Williamsburg multifamily buildings for $130 million to Denver-based landlord UDR, which is buying at a time when several large apartment REITs are retreating from the New York market. UDR, which already owns about half a dozen properties in Manhattan, closed on the 188-unit Leonard Pointe building in North Williamsburg on Wednesday, sources told The Real Deal. The purchase price of $132.2 million works out to more than […]
6sqft’s series The Urban Lens invites photographers to share work exploring a theme or a place within New York City. In this installment, Aaron Bernstein shares his “Manhattan Meltdown” photo series of famous NYC foods, frozen. Are you a photographer who’d like to see your work featured on The Urban Lens? Get in touch with us at [email protected] Photographer Aaron Bernstein was overwhelmed when he first moved to New York City for his career in fashion. One way to adjust to his new home was through different food experiences. “Food was this daily thing that I could measure small successes with,” Aaron told […]
Lightstone Group’s David Lichtenstein said Friday that Amazon’s about-face on its New York megacomplex was the “worst day for NYC since 9-11.” “Except this time, the terrorists were elected,” the developer added in an email to The Real Deal, in a dig to the politicians who fiercely criticized the tech giant’s deal with the city for the nearly $3 billion in tax breaks and government incentives it came with. On Thursday, Amazon cited pressure from the local […]