NYC Real Estate News

Mon, 10/25/2021 - 11:35
Restaurants and bars see a boost during home games, like the one tomorrow night against the 76ers

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Mon, 10/25/2021 - 11:10

Investor Bill Ackman is reportedly seeking hundreds of millions for the Hell’s Kitchen office building he co-owns with the Georgetown Company. The partners are looking to sell the building at 787 11th Avenue for approximately $630 million, Bloomberg reported, citing people familiar with the matter. The 10-story building is fully leased with tenants including Ackman’s Pershing Square Capital Management, which houses its headquarters across two floors. The company is reportedly not looking to move upon

The post Ackman wants $630M for Hell’s Kitchen office building appeared first on The Real Deal New York.

Mon, 10/25/2021 - 10:30

Gary Barnett’s Extell Development is ushering in a new project on the Upper East Side. Extell is developing a 30-story, 400,000-square-foot building on a vacant lot between 79th and 80th streets on First Avenue, according to the New York Post. The developer is reportedly expected to break ground on the project later this year. About half of the building is already pre-leased, the Post reported. The Hospital for Special Surgery has nabbed 200,000 square feet

The post Extell building 30-story medical tower on UES appeared first on The Real Deal New York.

Mon, 10/25/2021 - 10:30
A professional writer grapples with the challenge of creating a successful buyer’s love letter—without revealing personal details (The New York Times) Attorney General Merrick Garland launches a new Justice Department initiative to combat discriminatory lending policies among banks, a tactic...
Mon, 10/25/2021 - 10:10
St. Paul’s Chapel via Flickr cc ‘Tis the season to voluntarily spook yourself! But if haunted houses and tourist-friendly ghost tours are not for you, New York’s bustling burrows are home to a slew of the more naturally born spirits. You’ll find Dracula’s extended family on 23rd Street, a host of oracles on Orchard Street, and the site of the cruel crime that led to the nation’s first recorded murder trial on Spring Street. If you’re searching for a necropolis in the metropolis, here are ten of the best sites in New York to spot specters. St. Marks Church in the Bowery […]
Mon, 10/25/2021 - 10:00

A majority of office-using businesses are yet to decide what their hybrid future should look like. Hybrid work is underway in 72 percent of office-based companies and 65 percent said they don’t anticipate having any one dominant work location in the future, according to a new survey from Ernst & Young. A majority of business leaders believe a hybrid work model is here to stay, but only 40 percent of the survey’s respondents said they

The post Landlords beware: Office tenants procrastinating on hybrid planning appeared first on The Real Deal New York.

Mon, 10/25/2021 - 09:30

Are you a Marvel fan? Not the comics, of course, but the architect. You may be after this week’s episode of “Deconstruct,” TRD’s new podcast for all things real estate. Host Isabella Farr is joined by top architects Jonathan Marvel and Bernardo Fort-Brescia to talk about paradigm shifts in office space and where architecture firms fit in. With a portfolio showcasing cushy armchairs and indoor gardens, Marvel’s eponymous firm is looking to create spaces that

The post This week on ‘Deconstruct’: The death of the cubicle appeared first on The Real Deal New York.

Mon, 10/25/2021 - 09:30
Brooklyn continues to be a very popular place for New York City families—and that favored status became even more apparent during the pandemic.  Compared to crowded and expensive Manhattan, Brooklyn’s winning attributes have long lured families from across the East River (and beyond),...
Mon, 10/25/2021 - 09:00
A Queen Anne house in San Diego, a two-bedroom condominium in Berkeley and a midcentury-modern home in Altadena.
Mon, 10/25/2021 - 09:00

UPDATED Oct. 25, 2021, 10:54 a.m.: Gotham Organization got the green light Thursday from the City Council for a controversial plan to develop a 23-story mixed-use building in Fort Greene. The developer would raise the building at 130 St. Felix Street. The project, featuring more than 120 residential units, including 36 below-market condos, would also include an expanded Brooklyn Music School. Most mixed-income developments in recent years have been rentals, but the St. Felix Street

The post Gotham Org’s Fort Greene project overcomes local opposition appeared first on The Real Deal New York.