NYC Real Estate News

Sat, 04/10/2021 - 08:00
Exterior work is nearing completion on 799 Broadway, a 12-story office building in Greenwich Village. Designed by Perkins + Wills and developed by Columbia Property Trust, the 182-foot-tall structure will yield 180,000 square feet of commercial space marketed by JLL. The corner lot is located at the intersection of Broadway and East 11th Street, and was purchased by Normandy Real Estate Partners and Ares Management in 2016 for $101 million.
Sat, 04/10/2021 - 07:30
Lincoln Center and the New York Philharmonic have revealed new renderings of the $550 million renovation of David Geffen Hall on Manhattan's Upper West Side. The project is now on schedule to reopen to the public in fall 2022, nearly two years earlier than previously announced.
Sat, 04/10/2021 - 07:00
The affordable housing lottery has launched for Ebenezer Plaza Phase 1 North, a nine-story mixed-use building at 96 New Lots Avenue in Brownsville, Brooklyn. The 137,747-square-foot steel development was designed by Perkins Eastman and yields 118 units. Available on NYC Housing Connect are 106 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $14,915 to $118,400.
Sat, 04/10/2021 - 06:30
Permits have been filed for a seven-story mixed-use building at 1340 Blondell Avenue in Westchester Square, The Bronx. Located between Fink Avenue and Ponton Avenue, the lot is near the Westchester Square-East Tremont Avenue subway station, serviced by the 6 train. Nimrud Eyal of Exact Capital Group, under the Blondell Equities LLC, is listed as the owner behind the applications. YIMBY previously reported Blondell Equities filed a rezoning proposal for a nine-story mixed-use structure at the site.
Fri, 04/09/2021 - 21:31
These homeowners were quick to sell when their suburban houses became valuable during the pandemic.
Fri, 04/09/2021 - 21:25

Philip Falcone is at the end of the road in a battle to sell two of his pricey homes his way. A New York State Supreme Court judge dismissed the embattled financier’s request for a temporary restraining order to block Melody Capital’s UCC foreclosure on his Upper East Side townhouse and Hamptons mansion, according to a ruling filed Friday. Now, the auction can move forward as scheduled on April 13. Falcone, who founded the hedge

The post Foreclosure on Phil Falcone’s homes can move forward appeared first on The Real Deal New York.

Fri, 04/09/2021 - 18:05

SoftBank has upped its stake in Compass, shelling out $72 million to buy stock in the newly public company. The tech giant, already Compass’ largest shareholder, purchased 4 million shares on April 6 at $18 per share, bringing its total investment to 132.4 million shares, according to filings with the U.S. Securities and Exchange Commission. Sources said the transaction was made as part of Compass’ IPO. On Friday, following a lackluster week of trading in

The post SoftBank buys $72M of Compass stock appeared first on The Real Deal New York.

Fri, 04/09/2021 - 17:50

UPDATED April 12, 2021, 11:28 a.m.: An Albany judge sided with the real estate industry Friday, declaring New York state regulators’ attempt to ban tenants from paying landlords’ broker fees an “error of law.” The decision comes more than a year after the Department of State issued guidance banning the practice. That guidance offered regulators’ interpretation of the Housing Stability and Tenant Protection Act, which became law in June 2019. In response, prominent real estate

The post Broker fee ban an “error,” court rules appeared first on The Real Deal New York.

Fri, 04/09/2021 - 16:54
The Wonder Wheel began turning and the Cyclone whipped into action as Coney Island's illustrious amusement parks reopened Friday after the coronavirus pandemic shuttered New York City's iconic summer...

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Fri, 04/09/2021 - 16:00

Larry Ellison, billionaire co-founder of Oracle Corp., paid $80 million for the North Palm Beach estate owned by hedge fund manager Gabriel A. Hoffman. The sale, which closed slightly above the $79.5 million asking price, was first reported by the Wall Street Journal. It adds to a dizzying number of ultra-high-end deals to close over the past year in South Florida. Ellison is worth nearly $100 billion, according to Forbes. He’s chairman and chief technology

The post Oracle co-founder pays $80M for North Palm Beach estate appeared first on The Real Deal New York.