A 30-year-old man was crushed to death by an elevator Thursday morning in a Kips Bay luxury apartment building called “Manhattan Promenade.” The New York Times was the first to report that a man, later identified as resident Samuel Waisbren, was caught between the lobby and the basement floors at 344 Third Avenue. He was pronounced dead at the scene. In May, the city’s Department of Buildings shut down one of the building’s two elevators […]
The mansion tax. The proliferation of listings platforms. A softening luxury market. The Real Deal talked to six players in New York City’s residential space about the new pain points they’re feeling in a sector that’s getting squeezed from all sides. Below, Clayton Orrigo of Compass describes the flurry of deals he saw before the mansion tax took effect — and what he expects to happen long-term. Read the full story — “Tales from the […]
Every day, The Real Deal rounds up New York’s biggest real estate news, from breaking news and scoops to announcements and deals. We update this page at 9 a.m., 12:30 p.m., and 4 p.m. ET. Please send any tips or deals to [email protected] This page was last updated at 4:00 p.m. The Obamas may soon be neighbors with the Kennedy family — in Martha’s Vineyard. Barack and Michelle Obama have reportedly made an offer […]
Joseph Brunner’s Bruman Realty has secured a $130 million refinancing package from Starwood Mortgage Capital for a large rental development in Bushwick. The loan includes a gap mortgage for $20 million, according to property records. The more than 200-unit development sits on the corner of Himrod Street at 871 Bushwick Avenue. The owners bought the site in 2014 for $15 million, and the project contains more than 200 apartments overall. Representatives for Starwood and Brunner […]
Executives at three co-working firms say they expect to see the industry grow despite a looming recession and questions about WeWork’s business model following the release of its IPO prospectus last week. “We’re not scared of a recession,” said Nick LiVigne, Convene’s head of product. “We think this is a sustainable model, whether that’s domestic or international.” The comments were made during a panel discussion with IWG’s Michael Berretta and the Yard’s Richard Beyda at […]