NYC Real Estate News

Wed, 07/01/2020 - 15:15

A mansion once owned by William Randolph Hearst has hit the market for $2.2 million, according to the New York Post. The manse on Long Island’s North Shore was built in 1906 outside the BeauxArts Casino, now known as the Bay Club. The 52-year-old publishing mogul is said to have bought the home around 1917 for his then-20-year-old mistress, Marion Davies. While the couple spent time at the famous Hearst Castle on California’s coast, Davies

The post Former Hearst home in Huntington Bay hits market for $2.2M appeared first on The Real Deal New York.

Wed, 07/01/2020 - 15:00

As the coronavirus crisis led many New York City hotels to close their doors, some properties have managed to boost their occupancy with government contracts to house frontline workers and others in need of housing. For the rest, business has been dismal. The situation at Sapir Corp.’s 264-key NoMo Soho hotel at 9 Crosby Street is a striking example. As revealed in the Alex Sapir-led company’s latest quarterly earnings report, the hotel had an occupancy

The post Sapir Corp’s earnings highlight challenges facing NYC hotels appeared first on The Real Deal New York.

Wed, 07/01/2020 - 14:35

Keller Williams is cutting ties with Seth Campbell, the owner of several of the brokerage’s market centers with approximately 500 agents under his supervision, following a months-long investigation into multiple allegations of sexual harassment. Campbell is accused of sending illicit text messages, using sexually explicit language directed toward younger women in the office and making sexual advances towards an agent, according to a report by Inman. “The safety and well-being of our associates is paramount

The post Keller Williams to cut ties with top franchise owner following sexual harassment allegations appeared first on The Real Deal New York.

Wed, 07/01/2020 - 14:00

Not all coronavirus-impacted real estate deals need to go to court, after all. After the pandemic slammed the brakes on All Year Management’s sale of a 74-building, $346 million multifamily portfolio to investor David Werner in May, the parties negotiated for nearly two months in efforts to salvage the deal. The new transaction is slightly smaller than before, and significantly more complex. Under the new agreement, Werner has agreed to acquire 68 buildings for about

The post All Year and David Werner renegotiate deal for $300M Brooklyn portfolio sale appeared first on The Real Deal New York.

Wed, 07/01/2020 - 13:55
 in the city has dropped to levels unseen since the global financial crisis clobbered the 526 million-square-foot market more than a decade ago, according to Colliers International’s quarterly...

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Wed, 07/01/2020 - 13:35
The pandemic…; is causing unprecedented challenges for the U.S. health care system, disruptions to daily life, and deep uncertainty across an economy unrecognizable from just a few weeks...

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Wed, 07/01/2020 - 13:35

Restaurants suffered a major blow as officials announced Wednesday that indoor dining would remain forbidden indefinitely. Only six days ago Mayor Bill de Blasio had given thumbs-up for indoor dining to begin July 6 as part of reopening’s phase three. But Gov. Andrew Cuomo had second thoughts as Covid-19 cases began to spike in other states and social distancing began to break down in the city, and decided to reverse course. Before the governor announced

The post New York City indoor dining postponed indefinitely appeared first on The Real Deal New York.

Wed, 07/01/2020 - 13:31
Metropolitan Bank, a lender specializing in the health-care business, says Chief Operating Officer Gerard Perri has been “terminated.” No reason was given for the move, which the bank said in a...

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Wed, 07/01/2020 - 13:21
Macy’s Inc. recorded a $3.1 billion charge in the first quarter as the pandemic ravaged retail, even as sales have started to track ahead of expectations in the two months since. The...

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