NYC Real Estate News

Wed, 11/25/2020 - 09:30
Australia’s largest metro area has seen an exodus to the suburbs, which has hampered market momentum and driven up the urban vacancy rate.
Wed, 11/25/2020 - 09:30

New Jersey could be getting some part-time neighbors back on a full-time basis. Ivanka Trump and Jared Kushner are expanding their “cottage” by the Trump National Golf Club in Bedminster. In the plans are four new pickleball courts, a relocated heliport, and a spa and yoga complex, the New York Times reported. The renovations are taking place as Manhattan awaits the couple’s decision about returning there with their three children when they exit Washington. Speculation

The post Ivanka Trump and Jared Kushner prepare NJ home for arrival appeared first on The Real Deal New York.

Wed, 11/25/2020 - 09:00

Zillow’s Rich Barton and CoStar’s Andy Florance (JD Lasica via Flickr; Getty) Having cornered commercial real estate, CoStar has a new target. The data giant’s $250 million purchase of Homesnap, announced Sunday, gives it a foothold in residential sales, where it will go head-to-head with Zillow, Realtor.com and others. Until now, CoStar’s focus was limited to rentals. The deal brings CoStar’s bet on the residential sector to more than $2 billion, and represents a huge

The post Watch out Zillow, here comes CoStar appeared first on The Real Deal New York.

Wed, 11/25/2020 - 09:00
A 1769 townhouse in the Society Hill section of Philadelphia, an 1898 home in Denver and a 1997 postmodern house designed by Michael Graves in Austin.
Wed, 11/25/2020 - 09:00
Photo courtesy of Douglas Elliman A spacious full-floor loft with two outdoor terraces in the Financial District is asking $2.48 million. The two-bedroom, two-bath condo is located at 119 Fulton Street and has perfectly-framed Freedom Tower views. The apartment features a newly renovated kitchen with top-of-the-line appliances, custom built-ins, keyed elevator access, and outdoor spaces on either end of the unit. From the private elevator, the apartment opens into a bright living, dining, and kitchen area with over 10-foot ceilings. A wall of glassy windows and a door leads to the open-air front patio, which features new custom planters and views of downtown […]
Wed, 11/25/2020 - 08:30

When Deutsche Finance Group looked to crack the U.S. real estate market, it set its sights on a prime Manhattan corridor. In August 2018, the German investment firm’s new U.S. subsidiary picked up the top floors of the Gucci building with New York-based developer Michael Shvo and Turkish real estate mogul Serdar Bilgili for $135 million. The partners are planning to redevelop 25 floors at 685 Fifth Avenue into Mandarin Oriental-branded luxury residences with views

The post Behind Deutsche Finance’s American buying binge appeared first on The Real Deal New York.

Wed, 11/25/2020 - 08:00

For more than 45 years, New York wine enthusiast Peter Morrell and his wife, Cathy, rented a penthouse in a pre-war building near the East River. The apartment boasted views of the UN building and a terrace where the family could take in eye-popping firework displays on the Fourth of July. Not only that, but it was rent-stabilized. As the years went by, many of the 81 apartments at 865 First Avenue were converted to

The post Wine scion bottles up apartment, to landlord’s dismay appeared first on The Real Deal New York.

Wed, 11/25/2020 - 08:00
YIMBY's Turkey Week update of stalled projects turns next to 125 Greenwich Street, a 912-foot-tall residential skyscraper that has been sitting quiet in the Financial District for most of 2020. Designed by Rafael Vinoly and developed by Bizzi & Partners and Vector Group, the 88-story structure will yield 273 residential units with interior design by March & White and sales and marketing handled by Douglas Elliman. Plaza Construction is the general contractor for the project.
Wed, 11/25/2020 - 08:00
As executive director of the Sunset Park Business Improvement District, David Estrada is the neighborhood’s liaison to city government. Every week the 34-year Brooklyn resident interprets city codes...

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Wed, 11/25/2020 - 07:30
SL Green recently celebrated the commencement of construction at One Madison Avenue, a new 1.4-million-square-foot office building in the Flatiron District. The project entails the expansion and redevelopment of an existing 13-story structure into a 27-story Class A office building.