Real Estate

New York Attorney General Increases Homeowner Assistance Funding

Fri, 13 Jan 2012 06:35:00 -0500

New Yorkers struggling to keep their homes are about to get additional help. State Attorney General Eric Schneiderman has approved $1 million in funding for nonprofit legal services organizations to directly assist homeowners facing foreclosure, according to a statement released Thursday by his office.

In yearly address, Mayor Bloomberg makes push to develop Kingsbridge Armory

Fri, 13 Jan 2012 06:19:00 -0500

A sweeping transformation of the vacant Kingsbridge Armory took center stage in Mayor Bloomberg’s yearly address. Hizzoner said that once again the city is seeking developers to turn the former Bronx military post into a vibrant retail mecca or mixed-use space.

Trump proposal for New York City golf course faces critics

Wed, 11 Jan 2012 04:29:00 -0500

Real estate developer Donald Trump wants to build a top level golf course on a former New York City landfill, but some watchdog groups balked on Tuesday over the potential cost to taxpayers.

New York Public Library Is in Talks to Sell Space

Mon, 19 Dec 2011 06:11:00 -0500

The New York Public Library is negotiating to sell five floors at 188 Madison Avenue, the former B. Altman department store at 34th Street.

Russian billionaire buys most expensive apartment in NYC

Mon, 19 Dec 2011 05:09:00 -0500

Dmitry Rybolovlev has been a busy man lately. He is in the middle of a bitter divorce that could cost him more than $6 billion (when finalized it will be the world’s costliest divorce), but he has still found the time and funds to buy a struggling AS Monaco soccer team and, it turns out, the most expensive home in the history of Manhattan real estate. Well-connected sources have confirmed to The Observer that the mystery Russian chemist behind the sale of Sandy Weill’s $88 million penthouse at 15 Central Park West is indeed Mr. Rybolovlev.

Realtors: We Overcounted Home Sales for Five Years

Wed, 14 Dec 2011 00:13:00 -0500

Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought.

Bonnie and Clyde star Faye has finally Dunaway with rent controlled NYC apartment after agreeing to vacate property

Thu, 24 Nov 2011 06:52:00 -0500

She didn't go easily, but Faye Dunaway has agreed to vacate her rent-controlled apartment on the Upper East Side following an eviction action by her landlord, court documents show.

Census: US housing bust worst since Great Depression

Fri, 07 Oct 2011 03:54:00 -0400

The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday.

New York pips London in property investment

Thu, 06 Oct 2011 06:21:00 -0400

New York beat London to the top spot for global commercial real estate investment in the year to September 30, research showed, but both cities are facing rising bearishness from investors worried by the prospect of economic headwinds.

Land Deal Is Announced to Allow New U.N. Tower and Esplanade

Thu, 06 Oct 2011 06:05:00 -0400

City and state officials on Wednesday agreed to a $73 million plan that would unlock an underutilized chunk of the Manhattan waterfront between East 38th and East 60th Streets, paving the way for a new United Nations office tower and esplanade along the East River.

NYC’s Rat Island, 2 acres of rock that once housed typhoid patients, sells for $160,000

Mon, 03 Oct 2011 05:40:00 -0400

As far as private islands go, New York City’s Rat Island isn’t exactly luxurious. It’s really just a pile of rocks that once housed quarantined typhoid patients. But the island sold at auction Sunday for $160,000. Real estate agent Ozzie Crisalli says he doesn’t know what the buyer has planned for it.

New York's Rat Island going on auction block

Sat, 01 Oct 2011 19:46:00 -0400

Rat Island, a 2.5-acre bit of rock near City Island in New York, is going up for auction Oct. 2.

The last resort: More and more Americans are calling long-stay motels home

Sat, 03 Sep 2011 05:39:00 -0400

A long way down the US housing ladder, beneath the grisly 'projects' of The Wire and the trailer parks hymned by Eminem, beneath the slums of New Orleans and the ghettos of Detroit, you'll find the long-stay hotel. Cheap, not very cheerful, and pretty much a last resort, these institutions provide four walls and a roof, for a few hundred bucks a month. It's some of the cheapest accommodation you'll find anywhere in the US, aside from a cardboard box.

New York court stalls second phase of Brooklyn arena project

Thu, 14 Jul 2011 09:00:00 -0400

New York's Supreme Court on Wednesday stalled the second and much bigger phase of a huge arena-residential complex in Brooklyn, ordering an updated environmental review that includes public hearings.

US unemployed get 12 months rent-free under policy changes

Fri, 08 Jul 2011 06:30:00 -0400

The Obama administration will require mortgage companies to extend more generous mortgage relief to help certain unemployed borrowers from losing their homes to foreclosure.

NY property-tax cap may hit cash-poor cities: report

Wed, 06 Jul 2011 08:37:00 -0400

New York state's new property-tax cap might further pressure counties, cities, towns and school districts already struggling with lower tax revenue and higher expenses in the recession's wake, according to a report released on Tuesday by Moody's Investors Service.

Big banks still drive Manhattan rents

Wed, 22 Jun 2011 11:19:00 -0400

Large banks are still the high-octane fuel that drives New York's commercial real estate rents, property experts said on Monday at the Reuters Global Real Estate and Infrastructure Summit in New York.

New deadline set for extending NYC rent controls

Tue, 21 Jun 2011 08:26:00 -0400

Negotiations to extend and bolster New York City's rent control law, and a statewide property tax cap linked to it, will now race against a midnight deadline Tuesday.

New York City Is Latest to Launch Solar Mapping Tool for Building Owners

Thu, 16 Jun 2011 08:58:00 -0400

The 3-D maps enable any building owner to go online and find out how much sunlight hits their roofs

One World Trade Center lands lease with Conde Nast

Fri, 27 May 2011 08:48:00 -0400

Media company Conde Nast on Wednesday signed a lease for about one-third of the One World Trade Center office tower, giving Lower Manhattan a touch of class while strengthening the project's finances.