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  • New York has 25% gap in homeownership rates across races August 23, 2017
    According to this week’s market reports, investment sales in Manhattan dropped by half in the first quarter of 2017, and 59 percent of New York City’s white households are homeowners compared with 34 percent of minority households. Residential Luxury sales | Olshan Realty Fourteen contracts were signed last week at $4 million and above, the […]
  • Skyline Developers scoops up vacant site for $83M August 23, 2017
    Orin Wilf‘s Skyline Developers just purchased a vacant site next to the Peninsula Hotel for $83 million. The company, the New York subsidiary of Garden Homes Development, purchased 12-18 West 55th Street from Cornerstone Properties, the New York Post reported. The property could host up to 150,000-square-feet of mixed-use construction. Back in 2006, Lincoln Property […]
  • Property manager accused of adorning Queens condo with swastikas, Hitler posters August 23, 2017
    The property manager of a Queens condominium building has been accused of installing a “racist, anti-semitic, pro-Nazi display” in the lobby. “They feel like hostages in their own building,” City Council member Jimmy Van Bramer said, the New York Daily News reported. “And this building is a place where I think all (residents) are traumatized.” […]
  • The race to reinvent retail across Westchester and Fairfield August 23, 2017
    From the Westchester market report: As e-commerce continues to cut into brick-and-mortar establishments, shopping centers in Westchester and Fairfield are putting more thought into the consumer experience and trying to create an allure strong enough to pull people away from their screens. “While U.S. retail sales are expected to grow 3-4 percent in 2017 after […]
  • Hamptons Cheat Sheet: Southampton home hits market for $175M, Montauk surfer-turned-broker shops real estate reality show … & more August 23, 2017
      Former Henry Ford estate in Southampton lists for record $175 million The 42-acre Southampton estate called Fordune is now the most expensive property on the market in the Hamptons, with a list price of $175 million. In addition to a 20,000-square-foot, 12-bed, 12-bath main house, a carriage house, basketball and tennis courts, a 60-foot […]
  • New York state quietly stopped funding a key affordable housing program August 23, 2017
    UPDATED, Aug. 23, 5:03 p.m.: New York state quietly stopped funding housing projects under the 421a and Affordable New York programs with tax-exempt bonds, The Real Deal has learned, a decision that could make it harder for the city to meet its affordable housing goals. A source close to the New York State Homes and […]
  • “Blacklist” star Megan Boone lists West Village apartment August 23, 2017
    From LLNYC: Megan Boone, who plays FBI agent Elizabeth Keen on NBC’s crime thriller “The Blacklist,” has just listed her condominium at 302 West 12th Street for $2.4 million, per city records. Boone bought the apartment in 2014 for $1.85 million. According to the listing, with Brian Kanarek of BKR Partners, the 837-square-foot unit has one […]
  • Developers, TRData has pages for new development properties that include offering plans August 23, 2017
    A developer with a project in the works is undoubtedly familiar with the successes and failures of projects that share similarities to theirs. Did the choice of neighborhood impact the quick sell out or was it the architect that designed the project? If a successful project sold out all 79 units, should your project have […]
  • Richard LeFrak says Trump’s Charlottesville comments were “inappropriate.” But he’ll stick by his pal August 23, 2017
    Richard LeFrak said Trump's comments on Charlottesville were "inappropriate," perhaps the most marked criticism of Trump's remarks from his inner circle.
  • Four down, four to go: Monadnock files plans for new resi building in Bronx megacomplex August 23, 2017
    UPDATED, 3:33 p.m. August 23: The massive Compass Residences affordable housing development in the Bronx is moving forward. Monadnock Development filed plans with the city on Wednesday for an additional building in the eight-building complex. This one will be located on a vacant lot in Claremont at 1560 Boone Avenue and contain 366 affordable residential units, […]