NYC Real Estate News

Mon, 01/06/2020 - 10:25
State officials were willing to provide se… headquarters, according to new documents reported by .  New York's initial offer to Amazon included $1.4 billion in tax credits tied to the number of...

To view the full story, click the title link.
Mon, 01/06/2020 - 10:16
Manhattan’s cut of the New York City economy has been slipping as area residents flee its high cost of living for the more affordable outer boroughs. Manhattan’s economic share of the five-borough...

To view the full story, click the title link.
Mon, 01/06/2020 - 10:15
Streetview of the library; Map data © 2020 Google A popular public library in Queens is shutting its doors next month. The Queens Public Library at Court Square, located at 25-01 Jackson Avenue in Long Island City, will close sometime in February after occupying the ground floor of the Citigroup Building for more than 30 years. The library faced threats of eviction after Amazon pulled out of its plan to move its headquarters to the neighborhood last year, which included its lease agreement at One Court Square. The Court Square branch has paid an annual rent of $1 since it opened in […]
Mon, 01/06/2020 - 10:09
Bed Bath & Beyond Inc., the home-goods retailer mired in a lengthy sales slump, rose in early trading after selling some real estate in a deal that generated net proceeds of more than $250...

To view the full story, click the title link.
Mon, 01/06/2020 - 10:05

Bed Bath & Beyond will sell about half of its real estate to a private equity firm and then lease back the space, a deal expected to earn the company more than $250 million. The retailer sold 2.1 million square feet of space to Oak Street Real Estate Capital, including its headquarters in Union Township, New Jersey, a distribution facility and some of its 1,500 stores, according to the Wall Street Journal. Bed Bath &

The post Bed Bath & Beyond is selling its real estate to private equity appeared first on The Real Deal New York.

Mon, 01/06/2020 - 09:36
Image credit: Donna Dotan courtesy of Compass. The Time Warner Center condo at 25 Columbus Circle that Ranan Lurie, who holds the Guinness World Record for most syndicated political cartoonist, used as his art studio and office, is now on the market for $4,995,000. Lurie’s “Uniting Painting” at the United Nations HQ is the largest contemporary painting ever exhibited there. The founder and Editor-in-Chief of Cartoonews has been the resident political cartoonist for, among many others, Life magazine, The U.S. News & World Report, Time International, Foreign Affairs magazine and The London Times. He has been syndicated globally to more than 1,100 publications with a […]
Mon, 01/06/2020 - 09:18

New York offered Amazon $800 million more than was previously known in incentives to get the e-commerce giant to build its second headquarters in the city. The state was also ready to pay portions of some employees’ salaries if Amazon came to the city, according to the Wall Street Journal, which obtained the information via a Freedom of Information Law request to Empire State Development. New York offered up to $2.5 billion in incentives in

The post New York’s initial offer to Amazon included $2.5B of incentives appeared first on The Real Deal New York.