NYC Real Estate News

Manhattan Community Board 2 argued that the redevelopment of the area is unlikely to create affordable housing

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A growing number of health care providers in the city have issued vaccine mandates as a measure to fight the rise in cases

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UPDATED, 6:30 p.m., July 27: The Birch Group has acquired a two-building office portfolio totaling 200,000 square feet in Princeton, New Jersey, as the company says it’s moving forward with its suburban office expansion. The investment firm paid $47.3 million for a pair of three-story buildings at 600 and 700 Alexander Park Drive, it announced. The seller was BentallGreenOak. Natixis provided the $37.8 million acquisition loan. JLL’s Kevin O’Hearn and Jose Cruz represented the seller

The post Birch Group buys Princeton office portfolio from BentallGreenOak appeared first on The Real Deal New York.

Nothing soothes heartache quite like $1 billion in cash

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Much to the dismay of suburban brokers and landlords, the prospect of outposts in outlying areas has failed to translate into deals

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All photos of Edwin’s Place © Francis Dzikowski/OTTO An affordable housing development designed by an architecture firm known for its pricey condo towers officially opened in Brooklyn this week. Located on the corner of Livonia Avenue and Grafton Street in Brownsville, Edwin’s Place was designed by Robert A.M. Stern Architects (RAMSA), the team behind renowned buildings like 220 Central Park South, 15 Central Park West, and 70 Vestry Street, all of which have apartments that cost millions of dollars. At Edwin’s Place, there are 125 units of affordable and supportive housing set aside for formerly homeless families and low-income New Yorkers. Built on a vacant […]

Bosses must work with employees to create the best virtual or in-person office environment

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Bosses need to work with employees to create the best virtual or in-person office environment

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Finding street parking in New York City can be like an Olympic sport, and it’s gotten more difficult these days for several reasons: Many New Yorkers bought cars during the pandemic, lots of New Yorkers are working from home (and are not moving their cars), plus outdoor dining has taken away...

Brooklyn’s luxury market activity continued its downward slide last week. There were 19 luxury contracts inked last week in Brooklyn, according to Compass’s weekly report on contracts for homes in the borough at asking prices of $2 million or higher. The combined value of the contracts was $60 million, with a median asking price of $2.89 million. Of the 19 transactions, apart from three condos, all properties were townhouses. The prior week saw 21 contracts

The post Dumbo penthouse leads Brooklyn’s luxury market appeared first on The Real Deal New York.