NYC Real Estate News

Mon, 05/17/2021 - 07:30
Construction is rising at 2330 Broadway, an 18-story senior living facility on Manhattan's Upper West Side. Designed by SLCE Architects and developed by Welltower, Inc. and Hines, the 230-foot-tall building will yield 162 residences spread across 109,315 square feet, for an average unit scope of 674 square feet. Supportive programming will focus specifically on memory care, and half of the units will be reserved for residents with memory and cognitive disorders.
Mon, 05/17/2021 - 07:30

Commercial real estate investment fell across the U.S. in the year since the coronavirus pandemic began, with Houston, Seattle, New York and San Francisco seeing the biggest declines. Greater Los Angeles was the top recipient of CRE investment, with more than $30 billion in deals in the 12-month period ending in March, according to a new report from CBRE. That’s a 39 percent year-over-year decline, less severe than the 57 percent drop in Houston, the

The post LA was top spot for commercial property investment in Covid-ravaged year appeared first on The Real Deal New York.

Mon, 05/17/2021 - 07:00

The Real Deal’s May issue is live for digital subscribers and soon to hit doorsteps across the country. Social justice and a post-pandemic market resurgence are front and center in this month’s issue. Tenants’ rights advocates are rallying for housing equity and once-sluggish sectors of the industry bubbling back to life. Entering a summer that will represent both a return to normal and continued evolution, editor-in-chief Stuart Elliott posits in this issue’s editor’s note, “What’s

The post TRD’s May issue is live for subscribers! appeared first on The Real Deal New York.

Mon, 05/17/2021 - 07:00
Ceruzzi Properties has unveiled a 30-foot mural at The Centrale, a 71-story residential skyscraper at 138 East 50th Street in Midtown East. From Scandinavian painter Tony “Rubin” Sjöman, the mural stands above the building’s second-floor terrace and is an abstract interpretation of the city skyline surrounding East 50th Street.
Mon, 05/17/2021 - 06:30
The affordable housing lottery has launched for Washington Manor Apartments, an eight-story residential building at 1969 Washington Avenue in East Tremont, The Bronx. The development yields 46,976 square feet and is designed by OCV Architects. Available on NYC Housing Connect are nine units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $39,120 to $77,340.
Mon, 05/17/2021 - 05:30
Plus: Memorial Sloan Kettering receives $20M gift for lung cancer initiative Mercy Hospital launches virtual care for patients with high-risk pregnancies Midtown biotech firm to...

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Mon, 05/17/2021 - 05:00
Because nothing says summer like a chaise longue.
Mon, 05/17/2021 - 05:00
The special-purpose acquisition company (SPAC) process demands significant attention and energy for all parties, especially the CFO of the target company. It is tempting to see the process of winning...

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Sun, 05/16/2021 - 16:00

Financial technology firm Chime is in talks to sign the biggest office lease in San Francisco since the start of the pandemic. The company is nearing a deal for about 200,000 square feet at Hines’ 101 California Street in the Financial District, according to the San Francisco Business Times. The lease is for part of the 48-story building’s smaller podium section. It’s not clear whether Chime would leave its nearby headquarters at 77 Maiden Lane

The post Fintech firm may sign biggest lease in San Fran of pandemic appeared first on The Real Deal New York.

Sun, 05/16/2021 - 14:00

A company with funding from a Peter Thiel–backed venture capital fund wants folks to pack up and start a semi-autonomous city. Bluebook Cities is looking for 2,000 people — selected based upon applications — to “settle” its charter city, according to the New York Post. The company said it is “building the city that Silicon Valley deserves.” The concept of the charter city was conceived by Nobel Prize–winning economist Paul Romer, who used Hong Kong

The post Futurists aim to build semi-autonomous city without “dumb regulations” appeared first on The Real Deal New York.