NYC Real Estate News

Sun, 02/28/2021 - 14:00

Morgan Properties and Olayan America have purchased a portfolio of 48 U.S. multifamily properties for $1.75 billion. The seller was STAR Real Estate Ventures, a joint venture of El-Ad National Properties LLC and Yellowstone Portfolio Trust, according to a press release from Morgan and Olayan. It is Morgan’s largest acquisition since the Pennsylvania-based firm bought 95 multifamily properties for $1.9 billion two years ago. The 48 properties have 14,414 units, including 2,566 outside Baltimore and

The post Morgan Properties, Olayan America buy $1.75B multifamily portfolio appeared first on The Real Deal New York.

Sun, 02/28/2021 - 12:00

Actor Bryan Cranston has listed the eco-friendly Ventura County, California home he built during the final season of “Breaking Bad.” Cranston and his wife Robin Dearden bought the property the home sits on in 2007 for around $2.5 million, and completed the 2,450-square-foot house in 2013. It’s listed for just under $5 million, according to the Wall Street Journal. The actor — who told the publication that he’s an architecture “nerd” — helped design the

The post “Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad appeared first on The Real Deal New York.

Sun, 02/28/2021 - 09:00

Global luxury home sale prices ticked up slightly in 2020, as pent-up demand created by coronavirus lockdowns led to buying binges. The average price for a luxury home that sold rose 1.9 percent in 2020, compared to its 1.8 percent increase in 2019, according to Knight Frank’s Prime International Residential Index 100, cited by Mansion Global. While 29 of the 100 markets in the index reported year-over-year price declines — compared to 21 in 2019

The post Global luxury home sale prices nudged up in 2020 appeared first on The Real Deal New York.

Sun, 02/28/2021 - 09:00
Recent residential sales in New York City and the region.
Sun, 02/28/2021 - 08:00
Construction has topped out on 150 East 78th Street, a 16-story residential building on Manhattan’s Upper East Side. Developed by Midwood Investment & Development and EJS Group and designed by Robert A. M. Stern Architects with Ismael Leyva Architects as executive architect and residential layout designer, the 205-foot-tall property will yield 25 units ranging from three- to five-bedroom condominiums. Sales have launched and are being handled by Compass Development Marketing Group.
Sun, 02/28/2021 - 07:30
Exterior work is nearing completion on 120 Water Street, a slender 28-story tower that will house a Hotel Indigo in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Hospitality, the 52,000-square-foot structure will yield 28 rooms managed by Fortuna Realty Group. The site is located along Water Street between Pine and Wall Streets, and is tightly wedged between two abutting buildings.
Sun, 02/28/2021 - 07:00
The Landmarks Preservation Commission (LPC) recently approved the design and construction of a five-story single-family townhouse at 110 West 88th Street in the Central Park West Historic District on Manhattan's Upper West Side.
Sun, 02/28/2021 - 06:30
The affordable housing lottery has launched for 177 and 185 Veronica Place, two four-story residential developments in Flatbush, Brooklyn. Designed by AR-Tech Engineering, the pair of buildings will each yield eight units. Available on NYC Housing Connect are six units total for residents at 130 percent of the area median income, ranging in eligible income from $61,715 to $159,640.
Sun, 02/28/2021 - 05:00
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Sat, 02/27/2021 - 18:37
The U.S. House passed President Joe Biden’s $1.9 trillion pandemic-relief plan, spanning $1,400 stimulus checks, enhanced jobless benefits and fresh funding for vaccines and testing. Also included: a...

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