Manhattan Newswire

Manhattan Newswire

Comprehensive Real-Time News Feed for Manhattan, NY.

Results 1 - 20 of 301 for "u:therealdeal.com" in Manhattan, NY

  1. Hidden Fortress: Behind SoftBanka s $3.3B buy of the asset managerRead the original story w/Photo

    9 hrs ago | The Real Deal

    One venture that stands out from the rest is SoftBank's $3.3 billion all-cash purchase of Fortress Investment Group - a major Manhattan property investor and lender - at the end of last year. While the move might make perfect sense for a traditional real estate or financial firm, it's less clear-cut for Masayoshi Son's tech-focused enterprise.

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  2. Home values in formerly redlined areas still lagging behindRead the original story w/Photo

    18 hrs ago | The Real Deal

    The value of homes in formerly redlined neighborhoods still lag behind other areas. In December 2017, the median value of a U.S. home in a redlined district stood at $276,199, 14.9 percent less than the $324,489 in non-redlined areas.

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  3. After year of decline, NYC multifamily market sees strong Q1Read the original story w/Photo

    18 hrs ago | The Real Deal

    After a notoriously slow 2017 that saw New York City's multifamily market near death , the sector has rebounded in the beginning of 2018 to hit its highest dollar volume since late 2016. Overall, the city's multifamily market saw about $3 billion in dollar volume from January through March across 148 transactions and 239 buildings, according to the latest quarterly report from Ariel Property Advisors.

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  4. Cahill Gordon could soon ink Downtown's biggest new deal so far this yearRead the original story w/Photo

    Yesterday | The Real Deal

    Cahill Gordon & Reindel is in late-stage talks to relocate its offices in what could be Downtown's largest new lease so far this year. The law firm, currently located at Rudin Management's 80 Pine Street , has a lease out just a few blocks away for 215,000 square feet at RXR Realty's 32 Old Slip , sources told The Real Deal .

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  5. One-bedroom prices in NYC remaining stagnant, two-bedroom prices ticking upRead the original story w/Photo

    Yesterday | The Real Deal

    The city's one-bedroom apartments aren't getting much cheaper, but they aren't getting much more expensive, either. A new report from Zumper found that the average prices of one-bedroom apartments have held steady at about $2,900 per month, according to Curbed.

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  6. Town Residentiala s real estate predicament: Few agents but four officesRead the original story w/Photo

    Tuesday | The Real Deal

    At least three of Town Residential's Manhattan offices are potentially in play as the gravely wounded brokerage shutters its resale and leasing operations. Offices at 26 Astor Place , 33 Irving Place and 110 Fifth Avenue - Town's flagship Flatiron District location - could all be snapped up by rival brokerages picking through the remains of what was once one of the city's top brokerages, sources told The Real Deal .

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  7. altRead the original story w/Photo

    Thursday Apr 19 | The Real Deal

    Town Residential, the Manhattan brokerage that at its zenith was home to nearly 600 agents, is shutting down its resale and leasing business, The Real Deal has learned. The firm, founded and led by Andrew Heiberger, says it will continue to work in new development, operating out of its 888 Seventh Avenue office.

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  8. Silverstein plans Israel market debut with $200M bond offeringRead the original story w/Photo

    Wednesday Apr 18 | The Real Deal

    Silverstein Properties plans to debut on the Israeli market with a $200 million corporate bond offering, backed by a portfolio of eight Manhattan properties, including 7 World Trade Center and Silver Towers. The proceeds will go towards refinancing Silverstein's planned 57-story tower at 520 West 41st Street, according to documents filed on the Tel Aviv Stock Exchange.

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  9. Manhattan resi listing prices drop 10.9%Read the original story w/Photo

    Wednesday Apr 18 | The Real Deal

    Between April 5 and 12, the average listing price for Manhattan homes stood at $2.2 million, a 10.9 percent drop compared to the same time last year. The average price per square foot in borough conformed to the decline, decreasing by 3 percent year-over-year to $1,749.

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  10. DEP employee allegedly at center of $165M construction bribery schemeRead the original story w/Photo

    Wednesday Apr 18 | The Real Deal

    The former head of contracts and procurement at the city Department of Environmental Protection agency is at the center of a $165 million bribery scheme that funneled work to construction and engineering companies, officials allege. Ifeanyi "Manny" Madu allegedly provided information on DEP projects to three engineering firms - including the scope of the work and the names of the individuals who would be selecting the winning companies - before they were made public through requests for proposals, according to a summons filed in state Supreme Court in Manhattan.

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  11. Harounian patriarch accuses son of a oelootinga company assets to pay for mistresses, luxury carsRead the original story w/Photo

    Tuesday Apr 17 | The Real Deal

    A feud that's divided a Great Neck real estate family took another dramatic turn this month when the patriarch sued his son for allegedly "looting" his company's assets and diluting his shares in a Manhattan rental portfolio valued in the hundreds of millions of dollars. In a $90 million lawsuit filed in Nassau County Supreme Court, Jacob Harounian, 90, accused his son Mark of using the company accounts of JAM Realty and United Nationwide Realty as his "personal piggy-bank."

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  12. Taconic-led JV to develop Times Square-area rental towerRead the original story w/Photo

    Monday Apr 16 | The Real Deal

    Charlie Bendit, Paul Pariser, Jeff Kanne and the parking lot at 311 West 42nd Street Taconic Investment Partners and National Real Estate Advisors teamed up to gain control - via a long-term ground lease - of the 1199SEIU union's Times Square headquarters, where the partners plan to build a $250 million rental tower. The joint venture plans to finalize a 99-year lease later this week for the parking lot at 311 West 42nd Street and the office building at 310 West 43rd Street, Crain's reported.

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  13. Manhattan's luxury market notched 25 contracts last week: OlshanRead the original story w/Photo

    Monday Apr 16 | The Real Deal

    Manhattan's luxury residential market is off to its best spring in three years, with 25 contracts at $4 million and above recorded last week, according to Olshan Realty's weekly market report. The borough saw 104 contracts signed in the last four weeks for a dollar volume of $849 million, the strongest start to spring since 2015.

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  14. City sues Airbnb over subpoena it rejectedRead the original story w/Photo

    Monday Apr 16 | The Real Deal

    City Hall attorneys filed suit against Airbnb on Monday, after the company refused to acquiesce a subpoena for short-term rental records at 156 West 15th Street in Manhattan. Mayor Bill de Blasio's Office of Special Enforcement was already seeking $1 million in damages from landlord Phillip Baldeo and an associate for leasing apartments for less than the 30-day minimum required by New York laws.

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  15. The Bronx was on top in February's multifamily marketRead the original story w/Photo

    Thursday Apr 12 | The Real Deal

    The borough saw the largest deal throughout all of New York City in the market thanks to Related Companies' $71 million sale of a Bronx portfolio to Taconic Investment Partners according to the latest monthly report from Ariel Property Advisors . There were very few large-scale deals in February overall, so even though transaction and building volume both went up, dollar volume decreased month-over-month.

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  16. Here is how Pfizer's sale-leaseback stacks up to other big dealsRead the original story w/Photo

    Thursday Apr 12 | The Real Deal

    In 2016, Pfizer embarked on a daunting task: a search for both the buyer of its longtime two-building headquarters on East 42nd Street and for a new office in New York City. When it came time for investment-sales brokers to pitch Pfizer to market the buildings for sale, Cushman & Wakefield appeared to have the inside track - it had previously represented the company in leasing negotiations.

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  17. Retail asking rents fell in 10 out of 11 submarkets: CushmanRead the original story w/Photo

    Tuesday Apr 10 | The Real Deal

    Retail asking rents for direct space on prime Fifth Avenue fell nearly 20 percent at the start of 2018 from a year before, according to a new report from Cushman & Wakefield . Direct space from landlords on the city's priciest retail stretch from 49th to 60th streets on Fifth Avenue was asking an average of $2,592 per square foot during the first quarter of the year, Cushman's data show.

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  18. Extell close to landing $500M loan for three Manhattan projectsRead the original story w/Photo

    Monday Apr 9 | The Real Deal

    Gary Barnett's Extell Development is in active negotiation for a $500 million loan, backed by three Manhattan developments and shares in Central Park Tower , according to documents filed with the Tel Aviv Stock Exchange. Roughly $375 million of the funds will go toward refinancing the three projects, all of which are in the early stages of development, the documents state.

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  19. Double or nothing: Compass expands in Midtown at SL Green propertyRead the original story w/Photo

    Monday Apr 9 | The Real Deal

    Compass is more than doubling its footprint in Midtown with a deal to add 32,000 square feet at SL Green Realty's 10 East 53rd Street. The residential brokerage signed an 11-year lease for the fifth and sixth floors of the 37-story building, the firm said.

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  20. Meet Steve Roth, the toughest man in RERead the original story w/Photo

    Monday Apr 9 | The Real Deal

    Sitting among other industry titans at Bloomberg LP's headquarters last spring, Roth was in full troll mode. Barnett had dared to suggest that One57 , his cathedral for the 0.1 percent, was better than Roth's luxury condo tower in the works at 220 Central Park South .

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