NYC Real Estate News

Mon, 12/02/2019 - 15:06

It’s been a tough year for real estate – but a good time for lobbyists. The industry seems to have lost the thread when it comes to getting politicians and the public on its side. Amid the leftward political lurch at the city and state level, there have been stinging losses on rent reform, the proposed Amazon campus in Queens and a city law establishing carbon-emission limits for large buildings, among other defeats for the

The post Editor’s note: The industry’s image problem appeared first on The Real Deal New York.

Mon, 12/02/2019 - 14:33
Package theft has also soared in cities like Denver and Washington. The increase has frustrated shoppers and led to creative measures for thwarting thieves.
Mon, 12/02/2019 - 14:18
Wall Street traders were banging their heads at their desk this morning after President Donald Trump surprised markets by saying he would revive tariffs on Brazilian and Argentine steel. That...

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Mon, 12/02/2019 - 14:00
A jet snow thrower in action via MTA’s Flickr No matter how today’s weather pans out, the Metropolitan Transportation Authority is more than ready to clear subways, buses, and commuter railways of snow. The MTA maintains a fleet of super-powered snow throwers, jet-powered snow blowers, and specially designed de-icing cars to tackle the icy mess. For today’s winter storm, there will be “more than 500 snow melting devices at switches, over 1,600 3rd rail heaters, about 10 snowthrowers, four jetblowers, and seven de-icer train cars,” according to the MTA. Snow blower on the Metro-North tracks in North White Plains after a 2013 […]
Mon, 12/02/2019 - 13:56
The massive One Manhattan Square on the Lower East Side sold 217 units between January and October—which a new ranking says is the most sales of any city residential building this year. The report,...

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Mon, 12/02/2019 - 13:30

The Chetrit Group has inked a major refinancing for the site of the Hotel Bossert, the long-delayed project that may finally open in the coming months. The firm landed a $112 million refinanced loan for 98 Montague Street in Downtown Brooklyn from Cantor Commercial Real Estate Lending, according to property records. The funding includes a $27.7 million gap mortgage. CCRE declined to comment, and representatives for Chetrit did not respond to a request for comment.

The post Chetrit Group lands $112M refi for Hotel Bossert project appeared first on The Real Deal New York.

Mon, 12/02/2019 - 13:30
Renderings courtesy of the New York Philharmonic and Lincoln Center A plan to redesign the New York Philharmonic’s concert hall was unveiled on Monday, nearly two decades after the project was first proposed. The $550 million plan aims to create a more intimate experience, acoustically and visually, at David Geffen Hall by moving the stage closer to the audience, improving sightlines, and reducing the seating capacity. Officials estimate the new hall will open in March of 2024. Renderings courtesy of the New York Philharmonic and Lincoln Center Diamond Schmitt Architects will lead the project’s design, which involves moving the stage by […]
Mon, 12/02/2019 - 13:11
The optics war between Amazon.com and its critics is intensifying on Cyber Monday, with labor, environmental and digital privacy groups staging events around the globe to amplify their concerns about...

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