NYC Real Estate News

Tue, 12/10/2019 - 13:02
Tin Pan Alley buildings; Photo by Eden, Janine and Jim on Flickr The Landmarks Preservation Commission on Tuesday designated five Nomad buildings linked to the birthplace of American pop music. Tin Pan Alley, a stretch of West 28th Street named to describe the sound of piano music heard from street level, served as an epicenter for musicians, composers, and sheet music publishers between 1893 and 1910. During this nearly two-decade period, some of the most memorable songs of the last century were produced, including “God Bless America” and “Take Me Out to the Ball Game.” Courtesy of LPC “I am […]
Tue, 12/10/2019 - 12:55

Lackluster home sales took a bite out of Toll Brothers’ 2019 profits, which dropped 20 percent to $590 million, the homebuilder reported Monday. The Pennsylvania-based firm reported $7.08 billion in 2019 revenue from home sales, down 1 percent year over year. Net signed contract value dropped 12 percent to $6.71 billion. But the company said buyer demand rose during the fourth quarter of the year — signaling improvement ahead. At the end of the quarter,

The post Toll’s profits plunge 20% amid housing slowdown appeared first on The Real Deal New York.

Tue, 12/10/2019 - 12:48
Hours before Taft, a direct-to-consu…; purveyor of stylish men's boots, opened its first brick-and-mortar store in But by leaping from e-retailer to the ranks of trendy shopkeeper in SoHo, the...

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Tue, 12/10/2019 - 12:48
Hours before Taft, a direct-to-consumer purveyor of stylish men's boots, opened its first brick-and-mortar store in SoHo this fall, CEO and co-founder Kory Stevens excitedly admitted that his company...

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Tue, 12/10/2019 - 12:46
To the Editor: I have been a retail leasing broker in Manhattan for 32 years, concentrating on the Upper West Side.  I am the exclusive agent for approximately 220 stores and last year I completed...

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Tue, 12/10/2019 - 12:34
Renderings courtesy of CetraRuddy Stockholm-based photography museum Fotografiska is opening its first stateside outpost in New York City this month. Housed inside the former Church Missions House at 281 Park Avenue South, the organization will bring 45,000 square feet of exhibition and event spaces, alongside a restaurant inspired by European “grand cafés.” New York firm CetraRuddy led the restoration and redesign of the landmarked space, working with Higgins Quasebarth & Partners to preserve the stained-glass windows and limestone and granite facade of the Renaissance Revival building. Key elements of CetraRuddy’s design include three floors of galleries and a versatile event venue on the top floor […]
Tue, 12/10/2019 - 12:30

“They paved paradise to put up a parking lot,” Joni Mitchell famously sang. However, in hot real estate markets, we’re well past that. Developers, desperate for prime land upon which to build, are increasingly eyeing parking lots, and that has caused trading activity of such assets to soar. In 2016, for example, there were over 200 sales of parking lots, according to CoStar Group data cited by the New York Times. That’s more than double

The post They paved paradise to sell a parking lot appeared first on The Real Deal New York.

Tue, 12/10/2019 - 11:45

Manhattan office leasing is closing in on a strong finish to the year, as Facebook’s massive Hudson Yards deal pushed November’s leasing activity to a 5 percent increase year-over-year. The social media giant’s 1.5 million-square-foot lease across 30, 50 and 55 Hudson Yards accounted for nearly 40 percent of the island’s 3.87 million square feet of office space leased last month, according to the latest market snapshot report from Colliers International. “We are very close

The post Big tech puts Manhattan office leasing within reach of annual record appeared first on The Real Deal New York.

Tue, 12/10/2019 - 11:45
Photo by @lordmaui via Unsplash Nobody appreciates a great gift like a child, but New York City kids are a tough audience. They’ve already got the world at their feet, even if they’re not possessed of a pile of material goods. Fortunately, there are lots of options for cool presents for your favorite pint-sized architects, athletes, fashionistas and foodies as well as the Big Apple babies on your list. Check out our list below for a handful of gift ideas for New York City kids. All of these products have been hand-selected by team 6sqft. We may receive a commission for purchases made […]