Joseph Sitt’s Thor Equities is losing its top residential acquisition executives to Silverpeak Real Estate Partners, sources told The Real Deal. Alan Klein and Jonathan Fishman, who jointly ran the development firm’s residential arm, are expected to leave Thor sometime this month. Over the past two years, Klein and Fishman led more than $290 million in multifamily acquisitions, including a $112 million purchase last year of a block of sponsor units at the Apthorp on … more
You might be surprised to find out which New Yorkers prefer.
The City Council is getting ready to introduce a package of bills in response to the recent uptick in accidents on construction sites. The bills will require additional safety training, mandate an apprenticeship program, tackle how the Department of Buildings reports fatalities and develop a task force to look at the minority workforce, Politico reported. The most contentious piece of the package is the requirement for contractors to hire workers who have gone through an … more
There’s a pretty decent selection.
New York City’s luxury market is expected to be sluggish in 2017, but last week saw 23 contracts signed at $4 million and above, the best first week of January in three years. Out of the 26 contracts, according to Olshan Realty, 17 were for condominiums (with an average ask of $6.4 million). Four contracts were for co-ops ($6.1 million) and five were for townhouses ($16.1 million.) The top contract was on 269 West 11th … more
Plus, the process of ousting a less-than-ideal roommate.
The deadline is fast approaching to apply for a new affordable senior development in East New York. Cypress Senior Residences will have 53 new units for low-income seniors at 137 Jamaica Avenue. All the apartments are one-bedrooms, and only households of one or two people may apply. To be eligible,… Read More >The post Lottery for Senior Affordable Housing in East New York Closes January 14 appeared first on Brownstoner.
New York Giants wide receiver Odell Beckham Jr. parties in Miami. His quarterback, on the other hand, summers in the Hamptons. Big Blue signal caller Eli Manning picked up an $8.5 million Hamptons home in October, using an LLC named after his pet pooch, the New York Post reported. The 7,000-square-foot, five-bedroom mansion on Dune Road in Quogue boasts a private entrance to the beach. Manning, 36, purchased the home through Chester LLC – a … more
Everything from the Stonewall Inn to the Nuyorican Poets Cafe.
Walking along the rhythmic rows of rowhouses on Lincoln Place in Crown Heights, you may spot a rather subtle variation. Amidst the sedate details of the block, 797 and 799 Lincoln Place boast rather unusual keystones over the arched windows –– acanthus leaves on steroids. Located within the Crown Heights… Read More >The post The Leafy Keystones of Lincoln Place appeared first on Brownstoner.
Co-working spaces geared specifically toward women are on the rise, in part as a backlash to the frat house-like companies that boast kegs and ping pong. She Works Collective at Union Square and new Women Space in Williamsburg a part of a niche industry that serve as modern-day women’s clubs that, 100 years ago, were places for self-improvement and social reform, according to Bloomberg. Last year there were 180 co-working locations in the city totaling … more
The color of the year is bright green, and you should feel free to use it boldly.
In the News Landlords Discount Luxury Apartments in Brooklyn and Beyond NYT Municipal Art Society Abruptly Ousts Its President NYT McCarren Park Debuts Climate-Controlled Tennis Courts Curbed Greenpoint NYPD Chief Under Fire for Downplaying Date Rape Gothamist Iconic Vietnamese Eatery Bunker Reopens in Bushwick Bushwick Daily Pfizer Sells Last Piece of Its Broadway Triangle Site for… Read More >The post Daily Links: Pricey Rentals Come Down a Tad, Last of Pfizer’s Broadway Triangle Site
A high-tech firm working on artificial-intelligence research expanded its headquarters downtown. IPsoft Inc. finalized a 140,000-square-foot lease at RFR Realty’s 17 State Street, expanding its footprint in the 42-story tower by 41,687 square feet, the Wall Street Journal reported. The tenant, which two years ago launched an artificial-intelligence platform called Amelia, will build a Cognitive Innovation Center to show off its newest developments in the additional space. In June, IPsoft also took 27,200 square feet … more
Brooklyn DailyBrighton Beacher wrote play called 'President Trump' in 1990Brooklyn Daily“In 1990, the Japanese used to buy a lot of buildings, many, many buildings. They became the power of real estate in New York and nobody knew how to stop them,” he said. “Now, the Chinese are buying all over, but nobody stands against the Chinese.”.and more »
Curbed NYBrooklyn and Queens Home Prices Are Higher Than Ever BeforeCurbed NYManhattan home sales broke records in the second quarter of 2016, but if you thought that buyers in Brooklyn and Queens might catch a break, we've got some bad news. According to the latest batch of market reports, prices in those boroughs just keep …Catch me if you can: BK and Queens homes selling at record speedsThe Real Deal MagazineHome Prices Hit Record Highs in Brooklyn and Queens, Reports SayDNAinfoall 5 news articles »
From Luxury Listings NYC: The Dakota is the focus of the fifth installment of LLNYC’s Board Approved series, which looks at the residents of Manhattan’s most prestigious apartment buildings. From Yoko Ono to more obscure players, we are opening to doors of the iconic co-op. more … more
From Luxury Listings NYC: Not sure where to go for your next exotic vacation? Well, you may want to consider a location that most wealthy New Yorkers have never set foot in: The South Bronx. more … more
A few miles north of the George Washington Bridge along the cliffs of the Palisades in Rockland County is Snedens Landing. It’s easy to miss and that’s the point, because for years the hamlet has attracted A-list talent. Stars like Uma Thurman, Ethan Hawke, Angelina Jolie, Bill Murray and Mikhail Baryshnikov have called Snedens Landing home, earning it the nickname, “Hollywood on the Hudson,” according to the New York Post. And all that star power … more
From Luxury Listings NYC: Well this is unexpected! After the Four Seasons Restaurant closed with much fanfare (and a couple of angry Instagram posts) this July, the owners Julian Niccolini and Alex von Bidder said that they will be opening a new location of the restaurant at 280 Park Avenue approximately a year from now. more … more
From the South Florida website: OTL, a new restaurant and café in Miami’s Design District, is set to open on Tuesday, marking developer Craig Robins’ first foray into the dining scene in the neighborhood he is transforming into a luxury shopping destination. more … more
The mystery buyer who shelled out for Donald Trump’s childhood home in Queens has been unmasked. Hamptons spec home developer Michael Davies bought the home sight unseen for just under $1.4 million. Davies, a real estate power player in the Hamptons, purchased the five-bedroom, four-and-a-half-bath Tudor at 85-15 Wareham Place in Jamaica Estates for $1,390,500, according to the New York Post. Davies used the LLC Wareham Place Holdings to buy the house and was identified … more
In November 2015, Amazon opened its first physical, real-life bookstore, called Amazon Books, right on its home turf of Seattle. Since then, Amazon has opened two more bookstores in San Diego and Portland, Oregon, and has just unveiled plans to open a new shop in Midtown Manhattan. The latest bookstore will be located inside the Shops at Columbus Circle, a high-end shopping center near Central Park. Two more stores are now being planned for Chicago … more
Jared Kushner is poised to step down as CEO of Kushner Companies, his attorney told the New York Times. The move comes as Kushner, who heads one of New York’s most active real estate investment and development firms, continues to play a central role in the transition team of his father-in-law, President-elect Donald Trump, and is expected to be one of the most influential advisors in his administration. “Mr. Kushner is committed to complying with … more