Permits have been filed for a ten-story mixed-use building at 1047 Beach 21st Street in Far Rockaway, Queens. Located between Cornaga Avenue and Central Avenue and adjacent to the Best Western Far Rockaway Inn, the lot is one block south of the Far Rockaway Mott Avenue subway station, serviced by the A train. New York City Economic Development Corp. (EDC) is listed as the owner behind the applications. Since late 2015, the EDC has ongoing initiatives to strengthen and revitalize the Downtown Far Rockaway’s existing infrastructure by bringing new commercial and residential developments to this community.
We thought we had our house sold twice. But something kept pulling us back, turning us into renovators and flippers.
Student housing is shifting away from recreational dazzle and toward amenities that reflect the gig economy: stronger Wi-Fi, room for collaboration and 3-D printers.
Babylon, once a resort town, eyed for new hotel project A limited liability company called Babylon Village Hotel Partners has submitted a preliminary application to the village for a development called Babylon Courtyard that would include 30 apartments, retail space, a large courtyard and a 70-room hotel, Newsday reported. The developers hope to erect the three-building complex on a little more than one-acre parcel in Babylon at 16 George Street that currently holds a bus […]
A mortgage bond that fell out of favor after the financial crisis has been issued by a New York private equity firm; one of a series of unconventional structures to emerge in the past year. A unit of Cerberus Capital Management LP issued bonds last week that were backed completely by home-equity lines of credit, The Wall Street Journal reported. Financial products that culled together arcane pieces of the mortgage market have become less common […]
Savanna now has one less thing to worry about as it seeks to fill the Amazon-shaped hole at One Court Square. Telecom and cable firm Altice USA, which has been subleasing three floors from Citigroup at the building since 2017, has now entered into a lease agreement with Savanna for 103,000 square feet, the landlord announced on Friday. Except for the existence of expansion options, terms of the deal were not disclosed. A JLL team […]
George Penner, CEO of Deasy Penner Podley, didn’t mince words in his description of Los Angeles’ high-end residential market. “The first three months of the year sucked,” he said. “It was terrible.” That slowdown and a wave of discounted re-listings dominated the discussion among Penner and other industry players at The Real Deal’s Los Angeles Residential Showcase and Forum on Friday. Agents, brokers and executives selling some of the priciest homes in the country assembled […]