NYC Real Estate News

Tue, 11/24/2020 - 18:36

Prologis is broadcasting that the industrial market remains hot in the outer boroughs. The industrial giant picked up 223,000 square feet of land at 48-00 Grand Avenue in Maspeth for $51 million from a religious radio station, according to property records. The deal adds to Prologis’ already sizable presence in the Queens neighborhood. The seller was California nonprofit Family Stations, parent company of Nashville-based Family Radio. The nonprofit reported over $33 million in real estate

The post Prologis picks up Maspeth parcel for $51M appeared first on The Real Deal New York.

Tue, 11/24/2020 - 18:07

With Covid-19 on the rise, more areas of New York City will return to lockdown Wednesday. West Harlem, Hamilton Heights and parts of Washington Heights will become a yellow zone in Upper Manhattan. Across the city, parts of Staten Island will be designated yellow and orange. In Gov. Andrew Cuomo’s system, these are not good colors. Under the yellow zone, gatherings are limited to 25 people and restaurants may only seat four people per table.

The post Parts of Manhattan, Staten Island enter lockdowns, but is it enough? appeared first on The Real Deal New York.

Tue, 11/24/2020 - 17:25
A Bronx landlord has reached a $120,000 settlement with the city over hundreds of violations at four of his buildings, the Department of Housing Preservation and Development announced...

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Tue, 11/24/2020 - 17:25
A Bronx landlord has reached a $120,000 settlement with the city over hundreds of violations at four of his buildings, the Department of Housing Preservation and Development announced...

To view the full story, click the title link.
Tue, 11/24/2020 - 16:30

Apple is betting big on Midtown: The tech giant has inked a deal to expand its offices at Vornado Realty Trust’s 11 Penn Plaza. In February, the Cupertino, California-based company signed a sublease for 220,000 square feet spanning four floors of the building. At the time, the Art Deco tower had 638,921 square feet available on the 4th through 14th floors as a sublease from Macy’s. Now, The Real Deal has learned that Apple has

The post Apple snags more space at Vornado’s 11 Penn Plaza appeared first on The Real Deal New York.

Tue, 11/24/2020 - 16:06

RFR Holding is using the pandemic as cover to extract an exorbitant buyout for its minority stake in a Midtown condo project, partner Vanke US has argued in a new court filing. The allegations are in response to a lawsuit Aby Rosen’s firm filed last month, which accused Vanke, a U.S. subsidiary of one of China’s largest residential developers, of orchestrating a “backdoor deal” that put it on both sides of the borrower-lender relationship for

The post Vanke seeks to remove RFR from Midtown condo project appeared first on The Real Deal New York.

Tue, 11/24/2020 - 15:09
Current, a SoHo-based digital banking startup, has raised $131 million more from investors. It said it will use the money to expand its software focused on Americans overlooked by traditional...

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Tue, 11/24/2020 - 14:48
Federal prosecutors yesterday accused tech entrepreneur Andrew Chapin of wildly overstating revenue at his digital-advertising startup and charged him with three counts of fraud. He is alleged to...

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Tue, 11/24/2020 - 14:07
Despite multiple warnings against holiday travel, many Americans have hit the road this week. Those traveling to New York will find city officials cracking down on travel violations, with offenders...

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Tue, 11/24/2020 - 14:03
Photos courtesy of Cameron Blaylock A new public art installation opened on Monday in the Flatiron Public Plaza as part of the neighborhood’s annual “23 Days of Flatiron Cheer” holiday programming. Designed by firm Studio Cooke John, the Point of Action installation consists of nine metal pavilions surrounded by six-foot concentric circles with ropes that part, creating a “spotlight” and allowing passersby to connect with one another. The firm’s work was selected as this year’s winning design by the Flatiron/23rd Street Partnership and Van Alen Institute. “Point of Action” designer, architect Nina Cooke John. Photo courtesy of Cameron Blaylock It’s the first installation in the […]