Saturday: May 19, 2012 |
| 3:34PM | @Zillow Tweets of the Week “ 05/19/12
Coziness is definitely a factor when I look at homes on zillow #seventeengoingonthirty ” Stefan Styk (@sstykshift) May 17, 2012 I love @zillow I save favorite [...] |
| 2:43PM | Things That Suck: Residents of the Upper West...
Residents of the Upper West Side are angry at the City about a mosquito infestation. They expressed their frustrations at a town hall meeting yesterday. "These mosquitos are coming in and taking all our jobs!" said no one. The... |
| 1:40PM | Development Update-o-Rama: Condo Towers Springing Up All Over Midtown
With One57 breaking all kinds of records (you may have heard something about that), things are looking good for luxury condo development in Midtown. Now, the Wall Street Journal reports that Starwood Capital Group, led by Brent Sternlicht, and... |
| 12:31PM | It Happened One Weekend: Musician Pretty Savvy with Real Estate; Buildings Are Tall
1) This week's huntress, Dana, a musician/voiceover actress, bought (along with her boyfriend) two adjacent apartments in an Upper West Side building for a combined $1,435,500 in 2003. She didn't count on the combined maintenance fees, however, which totaled... |
| 12:00PM | curbed marketplace: Sunday Open House Roundup
Time for this week's open house roundup from your friends at Curbed Marketplace. More where this came from in our Open House Calendars. And a reminder: sales listings are only $25 this month. Sunday Sales 1049 Park Avenue, 3BR,... |
| 11:09AM | Open House Weekend Warriors: Weekend Open House Tour: Park Slope Places
Click here to view the full photogallery. Park Slope is nuts. Yesterday, it was revealed that Park Slope doormen have been running an undercover (but legal) "Parking Ring" where they hog two parking spaces in order to be able to... |
| 10:05AM | Week In Review: NYC's Biggest Deal Ever; Apartment Fits 1,100 Ft. into 420
Click here to view the full photogallery. One57 Penthouse Sells for $90M+ in NYC's Biggest Deal Ever, Sullivan Street Apartment Fits 1,100 Square Feet Into 420, Inside the Swanky Sales Office of Midtown's Massive One57, What $3,800 Can Rent You... |
| 9:00AM | Getting Started: Getting Started - The Income-Restricted Apartment
New York City has a few homeownership options for those who cannot afford the market rate, including co-op apartments for buyers who earn a certain percentage of the area median income.
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| 9:00AM | Big Deal: Big Deal - New York’s Race to the Top
Developers are playing a game of “Can you top this?” as apartment buildings grow ever taller.
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| 9:00AM | Streetscapes | Powerhouses: Streetscapes | Old, Massive, Illustrious and Somehow Overlooked
Few today notice the giant 1902 powerhouse at the foot of East 74th Street, or have heard of George H. Pegram, the engineer who designed it.
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| 6:57AM | The Hunt: The Hunt | A Home Base for a Touring Musician
Dana Fuchs lived in two combined apartments, but after a while she wanted out from under two maintenance fees. A condominium seemed like a better idea.
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| 6:57AM | Living In | Downtown Brooklyn: Downtown Brooklyn/Living In — To the Heights and the Slope, Add ‘Downtown’
To hear its landlords, city officials and residents tell it, Downtown Brooklyn has become extremely familiar with wholesale reinvention schemes.
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| 6:47AM | The Pest Parade, and How to Stop It
In-house pests are a fact of life in the city. Here’s a primer to getting rid of everything from cockroaches to mice.
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Friday: May 18, 2012 |
| 11:59PM | City Room: Big Ticket | Sold for $52.5 Million
The investor Howard Marks and his wife bought a 30-room duplex at 740 Park. The seller was Courtney Sale Ross, the widow of the Time Warner executive Steven J. Ross.
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| 10:31PM | Top residential agents of the week
[more]
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| 10:20PM | Cushman COO heads to Colliers International
Cushman & Wakefield COO Joseph Harbert has jumped ship for Colliers International, the Seattle-based brokerage looking to raise its New York City profile, Crain's reported. Harbert will lead Colliers™ expansion into new sectors such as retail and capital markets, and serve as president of the... |
| 10:01PM | Retail rents up in prime areas but down overall: REBNY report
Average asking rents in some New York City retail corridors have shot up by as much as 75 percent year-over-year, according to a market report released today by the Real Estate Board of New York. But overall asking rents for ground-floor retail space in... |
| 9:45PM | Trevi pays $6.97M for Back Fence building as latest purchase in buying spree
Trevi Retail had purchased a four-story, mixed-use building at 155 Bleecker Street in Greenwich Village, Crain™s reported. The 7,200-square-foot building, home to three rental apartments and popular bar The Back Fence, had been on the market for $8.4 million. The seller was Avj Aurora LLC. Trevi has... |
| 9:30PM | JDS buys majority interest in Starwood project, plans residential tower
JDS Development Group, the company behind the recent conversion of the Ralph Walker-designed Verizon building on West 18th Street, has purchased a majority interest in a development site formerly owned by Starwood Capital at 105 West 57th Street for $40 million, the company told... |
| 9:00PM | Micro-cottages pop up in Lower Manhattan, 20-something sisters span globe buying expensive homes ¦ and more
47 East 3rd Street at center (credit: PropertyShark)
Embattled former Sen. Pedro Espada's Soundview Health Clinic is set to shutter. The undisclosed buyer of the $90M-plus One57 penthouse unit is not Russian, developer says. Following controversy of "owner occupy" provision, owners make East 3rd Street... |
| 8:52PM | Iowa AG defends robo-signing settlement
Iowa Attorney General Tom Miller defends the $25 billion robo-signing settlement with the five largest mortgage servicers. Miller talked with HousingWire about the settlement in this exclusive video.
read more |
| 8:31PM | Silicon Valley housing market gets Facebook bump
As Facebook and its social media and tech brethren boom, so, too, does the housing market in Silicon Valley and the San Francisco Bay Area.
read more |
| 8:30PM | Dumbo warehouse conversion awaits LPC approval
One block north of its recently sold out condominium conversion of the Fancy Basket Company warehouse in Dumbo, Alloy Development is planning a similar conversion of a circa-1900 stable and storage building at 185 Plymouth Street, Brownstoner reported. The plans must be approved by... |
| 8:01PM | The blossoming of Boerum Hill
Italian restaurant Rucola recently opened at 190 Dean Street.From the May issue: Developer Abby Hamlin knew she was taking a risk when she bought a block of Boerum Hill properties in 2004 in a joint venture with Francis Greenburger™s Time Equities. But Hamlin, a... |
| 7:59PM | Record-breaking $90 million penthouse sale in N.Y.
What real estate downturn? A two-level penthouse with sweeping views of Central Park just sold for more than $90 million ” a record price for New York, according to the New York Times.
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| 7:43PM | Bipartisan bill seeks end to REO-to-rental pilot in California
Eight Republican and Democratic California congressional members introduced legislation Thursday calling for the Federal Housing Finance Agency to cease its plan to sell Fannie Mae-owned foreclosed homes in California to large investors.
read more
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| 7:40PM | Housing markets recover faster in nonjudicial foreclosure states, report says
How quickly a local market recovers in terms of home prices and real estate activity may be contingent on whether its located in a judicial or nonjudicial foreclosure state. Nonjudicial foreclosure markets are performing better in terms of price stabilization, according to a new... |
| 7:31PM | Russian presence in NYC real estate market will only increase: VIDEO
Alex RovtWhile a Russian was not responsible for the record One57 penthouse purchase, don't expect the region's influence on the city's real estate market to wane. In a video on CNBC (watch it after the jump), Alex Rovt, who recently acquired the 1 million-square-foot... |
| 7:28PM | Don™t Buy The Best House on the Block
As the real estate market starts to heat up again in some markets, we sometimes forget what™s happened in the past. We get caught up in [...] |
| 7:22PM | 3 clicks | On the Market in the Region
A five-bedroom Tudor in Sea Cliff, N.Y., and a four-bedroom colonial in Norwalk, Conn.
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| 7:22PM | 5 clicks | On the Market in New York City
A United Nations area co-op, a SoHo co-op and a South Slope condo.
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| 7:20PM | 1 click | Mortgage fraud ringleader sentenced to more than 4 years
Nathan Orms was sentenced to 4.5 years in prison for leading a mortgage fraud ring in Ohio. Between 2004 and 2006, roughly the duration of the housing bubble, Orms defrauded lenders of more than $26 million, authorities said.
read more |
| 7:18PM | No-Fee Apartment of the Week: $2,985 one-bedroom in Midtown East
... |
| 7:00PM | House of the Week: Storybook House in the Woods
1700s European-style cottage sits on a forested lot complete with a waterfall and views of a small lake. |
| 7:00PM | Celebrity Real Estate: Seacrest and Ellen deal
The big real estate news in celebrity circles? Ellen DeGeneres finally sold her home, selling it to fellow star Ryan Seacrest, and Jennifer Aniston and Justin Theroux are renting in Beverly Hills while their modern home is renovated.
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| 7:00PM | Still searching for Takashimaya retailer, Thor launches another upgrade
In its ongoing effort to land a retail tenant for the former Takashimaya building on Fifth Avenue, Thor Equities is spending another $5 million to spruce up the six-floor space, Crain's reported. The space has been on the market for 19 months, CoStar Group... |
| 6:44PM | Midtown Penthouse at One57 Sells for New York Record
The sale of the duplex penthouse at One57 for more than $90 million broke the city’s previous record of $88 million.
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| 6:32PM | 1 click | Cushman & Wakefield COO Joseph Harbert Leaves For Colliers International
Joseph Harbert, the chief operating officer for the New York Metro region for Cushman & Wakefield, has left the firm for a new job as president of the eastern region for Colliers International.
The move, which was first reported by Crain's New York, is a sign... |
| 6:06PM | Curbedwire: When Kids Name Buildings; OneBillion57
NYC-The NYTimes has a recurring feature for which kids can submit drawings depicting stories in the news. This week's theme was the story about people stealing manhole covers. The most interesting thing about this particular contest was a submission... |
| 6:01PM | Joseph Harbert Departs C&W For Colliers
NEW YORK CITY-In another high profile move from Cushman, Harbert has joined Colliers as president of the Eastern region, media reports show. |
| 5:50PM | Comment of the Day: "It's a great idea. Take the...
"It's a great idea. Take the most valuable space in the building and stick a K-6 in there. Think...that $90 million dollar PH at One57 could just as easily be PS118 at One57. Who wouldn't want to go to school... |
| 5:50PM | Linkage: Bike Share Trip Planner; Micro Cottages Pop-Up Downtown
via benalesh1985/Curbed photo pool , Prospect Park's polo fields in the 1890s [Brownstoner] , Tiny public plaza on Hudson Street gets public art by ARO [AN] , Central Park beehive moves to the Sixth Street Community Center [Local] , Floyd... |
| 5:49PM | Dearth of affordable rentals cause for concern, housing experts say
The housing downturn put rental properties in high demand, but housing advocates say falling incomes and rising rents are cause for concern, especially in the affordable multifamily segment.
read more
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| 5:35PM | Extreme Makeovers: Tribeca Landmark Ready for Highly Visible Addition
[Photos by Tribeca Trib] Developer Jourdan Krauss has had prior two-story additions to the cast iron landmark at 361 Broadway approved by Manhattan Community Board 1, but neither sat right with him and they never got built. Now he... |
| 5:19PM | New York condo sells for a record $90M
An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building's developer. |
| 4:51PM | Room for Improvement: A wish for better water pressure, and a view of something other than an alley
... |
| 4:35PM | State, regional job employment improves slightly
The Bureau of Labor Statistics reported a slight, but steady ray of improvement for the state and regional job markets in April.
read more |
| 3:26PM | Winick Tapped to Lease 3 Columbus Circle Retail Space
NEW YORK CITY-The brokerage has been assigned to fill 36,000 square feet at the base of the building, which is owned by a joint venture of SL Green and the Moinian Group. Winick is also working to find a tenant for an 84,000-square-foot retail... |
| 3:11PM | House approves broader foreclosure protections for military
The U.S. House of Representatives voted 394-27 Friday to approve an amendment widening foreclosure protections for military servicemembers.
read more |
| 2:35PM | StreetEasy's Most Wanted: Triple crown -- Brooklyn pads with three floors and space outdoors (for under a million bucks!)
... |
| 2:21PM | Gardens Add More Than Just Flourish for These Upscale Properties
In luxury real estate, outdoor spaces are nearly as opulent as the interiors. |
| 2:10PM | Fit for a Queen? Game of Thrones Star Lists Mid-Century Home
Why, it hardly looks like the home of an evil queen. In fact, with its classic mid-century modern lines and minimalist decor, the house owned by [...] |
| 1:56PM | Former Treasury exec who oversaw AIG restructuring wants practical GSE plan
Former AIG restructuring officer lays out a clear plan for the government-sponsored enterprises and pushes for a practical solution. See more in a HousingWire exclusive video.
read more
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| 1:22PM | 11 Times Square Signs 25,000 s/f Retail Deal
The Global Food International Corporation, a Russia-based restaurant company, has leased 25,000 square feet at 11 Times Square, filling a large portion of a retail space that been vacant since the new office tower was finished two years ago.
They™ve been very successful in Russia... |
| 1:20PM | Mortgage Builder buys GCC servicing systems
Origination software provider Mortgage Builder expands into the servicing space with the acquisition of GCC Servicing System.
read more |
| 12:41PM | NAR weighs rules for mobile IDX listings
Rulemaking for social media postponed againread more |
| 12:21PM | From UWS to Yorkville: "If you want to live in Manhattan and you're not rich, you have to give some things up"
... |
| 12:20PM | 11 Times Square Gets First Major Retail Tenant
NEW YORK CITY-James Emden, a vice chairman at Colliers International, tells GlobeSt.com's Jacqueline Hlavenka that Global Food International Corp. will be taking 25,000 square feet at the tower, amounting to $500 a foot. |
| 12:16PM | Bill would stop bulk REO sales in California
NAR backing sponsor Gary Miller's reelection bidread more |
| 11:50AM | Chelsea's Perennial Inspiration
If last year was about big, manly architectural statements at the RHS Chelsea Flower Show, this year is about exploring the softer, more sensual side of gardening, with smells and sounds featuring heavily in show spaces. |
| 11:36AM | Sponsored By:
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| 11:36AM | Cities where jobs in manufacturing pay the most
Not all manufacturing jobs are created equal -- and certainly not manufacturing pay. According to a new study released by Brookings™ Metropolitan Policy Program, manufacturing wages differ widely between large cities.
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| 10:07AM | Banks must take risks
Modern economies cannot grow without creditread more |
| 9:56AM | Landlord may object to tenant subletting to tourists
Rent it Rightread more |
| 9:50AM | 'I have an airplane hangar in my front yard'
Like so many Americans across the nation, Julie Clark commutes to work. But she doesn't drive, walk or even take a bus or train. Instead, she flies a plane. |
| 9:36AM | Replacing a toilet fill valve
New product makes adjustments easier, eliminates corrosion concernsread more |
| 9:36AM | One man's Guggenheim, another man's toilet
Unconventional design is like an architectural Rorschachread more |
| 9:35AM | Neighborhood social networking site taking off
Launched in October, Nextdoor is up and running in more than 2,000 communitiesread more |
| 9:07AM | 1 click | The RED Wrap: Gary Barnett's $90M moment
He always said he'd do it, and on Thursday developer Gary Barnett came close enough to delivering on that promise to take his victory lap. |
| 8:30AM | Kirkland West Moves to 263 West 38th Street
The lobby of 263 West 38th Street
Kirkland West, LLC has signed a lease in Handler Real Estate Organization's 263 West 38th Street.
The executive search firm will be taking a 4,800 square foot unit on the eighth floor in the 170,000 square foot building.
"They very much liked... |
| 8:00AM | Eastern Silk Mills Relocates in Garment District
Courtesy of Flatbush Gardener
Eastern Silk Mills Inc. will be moving to another building in the Garment District.
"The space was in excellent condition," Jeff Buslik, director at Adams & Co. and broker on the deal, noted about the transaction. "[Eastern Silk Mills] came and wanted... |
Thursday: May 17, 2012 |
| 11:24PM | 'Painted Lady' for $2.295 Million
A Queen Anne Victorian, one of San Francisco's 'Painted Ladies' overlooking Alamo Square Park, is on the market for $2.295 million. |
| 8:29PM | The New First Family of Real Estate
An $85 million L.A. mansion with a 500-worker renovation team. A $70 million London home with a bowling alley. The Ecclestone sisters are swiftly amassing a global property portfolio. The new generation of wealthy buyers. |
| 7:58PM | May is Deck Safety Month ” Is Your Deck Safe?
May is National Deck Safety Month and the most common cause of deck collapses is improper attachment to a building. Most decks are supported on one [...] |
| 7:28PM | How to tell a bed bug from an impostor
... |
| 6:36PM | Related Cos. Reintroduces 225 Rector Pl. to the Market
NEW YORK CITY-With previous developer Yair Levy out of the picture, the owner/manager has brought in a new designer and fresh amenities to attract buyers back to Battery Park City, Related's Sherry Tobak tells GlobeSt.com's Jacqueline Hlavenka. |
| 6:09PM | The Real Problem With Willets Point
A reader sends along this thoughtful critique of the problems inherent in the latest plans for Willets Point:
What a horrible idea. A parking lot and a mall? That neighborhood is a mess already, though. Just a few hundred feet from the bay in one direction... |
| 5:30PM | At 195K, Historic Scripps Home Tells Detroit™s Sad Real Estate Tale
Detroit is hardly lacking for symbols of its Great Recession free fall, but there's fresh evidence that the Detroit real estate market continues to be the [...] |
| 5:13PM | One or two year leases? Which should you sign?
We™re almost upon that time of year when leases begin expiring en masse. Indeed, 75%+ of leases turn over between April and September, creating a season of angst and uncertainty for even the most seasoned renters. Like the renewal of life that comes with... |
| 5:00PM | Trulia expands industry team: Matt Dollinger joins as Head of Industry Relations
Trulia is excited to announce Matt Dollinger as Head of Industry Relations. Dollinger will oversee business development for Trulia's industry team, bringing more than 8 years experience working with agents and brokerages. Prior to joining Trulia, Dollinger served as V.P. of Strategic Development with... |
| 4:47PM | Facebook Apps Enhance Business Pages
Having a Facebook real estate business page is no longer a questionable requirement, it is essential. In today's market and economy, having niche Facebook business pages [...] |
| 4:45PM | Real Estate Want: Get ready to make some noise
... |
| 4:32PM | Trulia recruits brokerage exec to lead industry relations team
Matt Dollinger to help listing portal strengthen ties to MLSs, brokers, agents read more |
| 4:24PM | Mortgage Rates In U.S. Fall To Record Lows With 30-Year At 3.79 percent
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| 4:10PM | Citys job gains in 2012 are best in 60 years
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| 4:00PM | Mortgage rates still falling, hit record lows
Mortgage rates have continued to fall over the past week, setting record lows for both 30-year and 15-year contracts, mortgage giant Freddie Mac said Thursday. The 30-year benchmark now stands at 3.79 percent, down from 3.83 percent a week ago, with an average "point"... |
| 2:27PM | Jamestown on Cusp of Buying $80 Million Chetrit LIC Property: Report
Jamestown Properties, the owners of The Chelsea Market and One Times Square, is on the cusp of purchasing The Falchi Building, a Long Island City office property co-owned by Joseph Chetrit for over $80 million.
(photo courtesy of CoStar)
The deal for the 638,712 square foot... |
| 2:25PM | Rent Coach: Protecting yourself from a corporate tenant
... |
| 1:47PM | How to Pick the Right Window Style for Your Home
A striped tie with a checkered shirt; tennis shoes with a tuxedo (hello John Mayer?). Or painting your house bright orange: Technically, each of those combinations [...] |
| 1:27PM | The Facebook effect on San Francisco real estate
The Basis Point is a popular mortgage and housing blog that tracks consumer critical issues and data. It is edited by Julian Hebron, a retail mortgage lender who runs the San Francisco branches of RPM Mortgage. |
| 1:00PM | Madison Realty Capital Takes Title at 385 Union Ave.
NEW YORK CITY-The Manhattan-based institutional investor resolved a troubled situation at the Williamsburg site, purchasing the note and the deed on the six-story, 53,000-square-foot property for $21.5 million. |
| 12:53PM | Home buying at most affordable level in decades
Buying a home has reached its most affordable level in more than two decades. |
| 12:12PM | It's hip to be dull on the UES; Citi Bike bites if it's parked outside your place, and more
... |
| 12:10PM | Mortgage rates hit record low again
Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row. |
| 12:00PM | The condo that's home to 'Fifty Shades of Grey'
Banned, embraced and parodied for its graphic sexual content, "Fifty Shades of Grey," is fiction, but the home much of it takes place in is real. A luxury condominium in Seattle.
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| 11:26AM | 2 clicks | [Bank Appraisals] Commercial Too High, Residential Too Low
Julie Satow's New York Times ‘Square Foot' Column Accuracy of Appraisals Is Spotty, Study Says takes a look at a study that concluded that commercial appraisals were too high when tested against what the property actually sold for. My partner John Cicero in... |
| 11:26AM | [Moving and Grooving] Knicks Lose, Yet Housing Market Optimism
Last night the championship dreams for Knicks fans that began in earnest with Linsanity, was officially over, ending with a final loss to Miami in Miami. The Knicks resurgence has been one of the few feel good stories of the year. I... |
| 11:26AM | 1 click | Felix Salmon on Rent versus Buy: US Buy, Manhattan Rent, Justin Bieber
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| 11:26AM | 2 clicks | [Three Cents Worth NY #189] Manhattan Hits Bottom (In Unit Size)
It™s time to share my Three Cents Worth on Curbed NY, at the intersection of neighborhood and real estate in the capitol of the world. And I'm simply here to take measurements.
Read today's 3CW post on Curbed New York:
With all the hoopla about... |
| 11:26AM | [Manhattan Absorption] April 2012, Moving From Fast to Faster
Absorption defined for the purposes of this chart is: Number of months to sell all listing inventory at the annual pace of sales activity. (The definition of absorption in my market report series reflects the quarterly pace - nearly the same)
I started this... |
| 11:26AM | [Observer] Free Publicity Isn™t Always Good Publicity
About five years ago, The New York Observer started a publicity campaign called The Power 100 where they selected 100 notables in New York Real Estate circles, put them on a list and threw a party to build loyalty and hopefully attract advertisers. ... |
| 11:26AM | [Knight Frank] 1Q 2012 Prime Property Global Index Goes Negative
aside : I'm the New York guy
Knight Frank's Prime Global Cities Index showed more weakness this quarter.
The first three months of 2012 brought with it little new momentum. The Eurozone's debt debacle remained at the forefront of the global economic agenda, several critical... |
| 11:26AM | The $70M Condo versus $52M Co-op Smackdown, Manhattan Style
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| 11:26AM | [Three Cents Worth NY #190] Manhattan is Converted Euro-Trash
It™s time to share my Three Cents Worth on Curbed NY, at the intersection of neighborhood and real estate in the capitol of the world. And I'm simply here to take measurements.
Read today's 3CW post on Curbed New York:
Since the Euro is creaking... |
| 11:26AM | [Featured Speaker] Appraisal Institute™s 6th Annual Meadowlands Conference
Tomorrow I'll be a featured speaker at The Northeast New Jersey Chapter of the Appraisal Institute's 6th Annual Meadowlands Conference in Teaneck, NJ.
My presentation is called:
The Intersection of Housing and Credit in 2012, How This Cycle Ends.
Always great to hang out with valuation... |
| 11:26AM | Are big brokers delivering on tech, training promises?
Realtor Notebookread more |
| 11:19AM | Foreclosures fall to lowest level since 2007
Foreclosure filings in April fell for the third straight month to the lowest level since July 2007. |
| 11:17AM | Citi Field’s Suicide Squeeze! Redone Willets Point Will Bracket Stadium With Malls
It may be a strike for the mayor, but Steve Ross and Fred Wilpon have scored big time with the latest Willets Point do-over.
It was revealed earlier this month that after a year of weighing competing proposals, the city had selected the Related Companies... |
| 10:59AM | NAR flexes political muscle
Rally in nation's capital draws 15,000read more |
| 10:34AM | After Nearly 120 Years, Exit Sonnenblick Goldman
After acquiring the majority interest in Sonnenblick Goldman in 2007, Cushman & Wakefield Sonnenblick Goldman is dropping the name in a move that a spokesman told The Mortgage Observer is designed to merely align its services globally. The group will now be known as... |
| 10:31AM | Grubb & Ellis’ Stuart Siegel Joins CBRE
CBRE, the Los Angeles-based commercial real estate services firm, has hired Stuart Siegel as a senior vice president in office brokerage in the firm™s Manhattan office.
Mr. Siegel, who previously served as a managing director at Grubb & Ellis before it was acquired last month... |
| 10:25AM | US foreclosure filings hit 5-year low
Foreclosure filings in the U.S. fell to a five-year low last month as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold. The number of default, auction and seizure notices sent to homeowners in April totaled 188,780, down... |
| 10:01AM | 20.1 Million Square Feet
The Hudson River Waterfront (HRW) submarket consists of 42 Class A buildings with 20.1 million square feet of inventory. Though on the New Jersey side of the river, this stretch of real estate has much more in common with Manhattan than with the rest... |
| 9:21AM | Developers, City in Tentative Deal on Willets Point
NEW YORK CITY-The revised scenario for the 61-acre Queens site could entail another trip through the city's environmental review process, unnamed sources tell the New York Times and Wall Street Journal. |
| 9:16AM | The RED Wrap: Related bets on Sterling
What happens when the city's premier developer of large projects, the kind that necessarily involves city approvals and subsidies, teams up with a big local landlord? Even the most powerful mayor in memory has to bend. |
| 9:14AM | Weekly Claims Hold Steady as Jobs Picture Still Murky
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| 7:34AM | Duchov 'NY'
"Californication has hit the Upper West Side.
David Duchovny is on an apartment hunt, and our spies spotted the actor in the Eldorado at 300 Central Park West, the coveted co-op building where Alec Baldwin once lived.
We hear that Duchovny checked out a $4.27 million... |
| 4:25AM | 1 click | West assured
Brookfield Office Properties is known for developing office space. This makes the recent announcement that Brookfield is considering devoting a portion of an upcoming, four-tower project to residences something of a surprise. The huge site will span from 31st to 33rd streets and from... |
| 4:25AM | ˜Nice™ place
Broadway star Kelli O™Hara has a unique family tradition. Right before her shows open, O™Hara ” along with her mom, sister, sister-in-law and aunts (who all arrive en masse from Elk City, Okla.) ” throws a party for the entire cast and crew. The... |
| 2:07AM | Though Mandatory, LEED Gold-Hopeful 51 Astor Place Close to Landing First Tenant
Edward Minskoff's Fumihiko Maki-designed 51 Astor Place is close to landing its first tenant: Hult International Business school is in discussions to lease the entire second floor of the 12-story, 400,000-square-foot tower in what would be a 55,000-square-foot deal mandated by the site's zoning... |
| 12:00AM | Center Building at 33-00 Northern Blvd. Up for Grabs
NEW YORK CITY-A former auto assembly plant in Long Island City, Queens, has reached sales block. |
Wednesday: May 16, 2012 |
| 9:59PM | Just sold!
ManhattanFINANCIAL DISTRICT $1,690,00015 Broad St.Two-bedroom, two-bath loft condo, 1,701 square feet, with 11 1/2-foot beamed ceilings, kitchen with stainless-steel appliances, oversized windows, through-the-wall AC and washer/dryer; Downtown by Starck building features doorman, gym, swimming pool, bowling alley, dance studio, basketball and squash courts, roof... |
| 8:05PM | Foreclosures Show No Sign of Decline
The percentage of homeowners delinquent on their mortgages in the first quarter fell to the lowest level since the end of 2008, but the share of loans in foreclosure remains high. |
| 7:06PM | Dear Ms. Demeanor: What are the rules for housesitters?
... |
| 4:51PM | 1 click | Your Celebrity Neighbors: Michael Douglas and Catherine-Zeta Jones
... |
| 3:56PM | Labor leader Ed Malloy dies at 77
Edward Malloy, a dapper, tireless labor leader who steered the city and state construction trades council for nearly two decades, died Tuesday after a bout with cancer. He was 77.A veteran of the U.S. Army and a former steamfitter, Mr. Malloy served as president... |
| 3:45PM | Zillow Partnership Platform: Designed for Shared Interests
When I joined Zillow in March, my primary assignment was building bridges to the MLS and broker communities “ talk with them and help them understand [...] |
| 2:26PM | Mortgage delinquency rate hits four-year low
The delinquency rate on U.S. home mortgages fell in the first quarter to the lowest level since 2008, though the share of homes in the foreclosure process inched higher.
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| 2:18PM | Back from foreclosure to homeownership
When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners.
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| 12:53PM | Sponsored By:
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| 12:53PM | Housing starts rev up, although permits slip
The nation's homebuilders broke ground on a higher-than-expected number of homes in April, laying the foundation for what could be an improving housing market after a long housing slump.
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| 10:22AM | Mortgage delinquencies drop to 4-year low
The percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers' group said Wednesday. |
| 9:14AM | Mortgage Applications Jump; Rates Fall
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| 9:13AM | Housing Starts Surge 2.6 percent While Permits Show 7 percent Decline
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| 9:12AM | 1 click | The RED Wrap: Don't look east
As of Tuesday, there's no longer any mystery about the future of Greece. Unable to form a new government, Greeks will go back to the polls to try again, and in the mean time the nation will continue to slide towards economic anarchy. |
| 7:57AM | George Lucas proposes affordable housing plan
The film emperor may be striking back. For 25 years, filmmaker George Lucas tried to persuade his Marin County, Calif., neighbors to let him build a digital production studio on his ranch there, but the area's residents thwarted the plan. |
| 5:59AM | 2 clicks | Deal inked for top floors of landmarked Woolworth
The owners of the landmarked Woolworth Building signed a contract to sell the top 25 floors of the tower to an Israeli investor group for nearly $70 million, or around $700 a square foot, sources familiar with the deal said. In 1998,... |
| 12:00AM | Zar Properties to Buy Retail Condo at 105-113 Wooster Street
NEW YORK CITY-Zar Properties has reached a contract to purchase a retail condo at 105-113 Wooster St. in SoHo for slightly less than $39 million. |
| 12:00AM | Community National Bank to Open its First Manhattan Branch
NEW YORK CITY-Community National Bank is opening its first Manhattan branch on East 52nd Street off Fifth Avenue. |
| 12:00AM | NS-LIJH Signs Lease at 641 Lexington Avenue
NEW YORK CITY-North Shore-Long Island Jewish Health System has signed a lease for a pre-built space on the second floor of 641 Lexington Ave. |
Tuesday: May 15, 2012 |
| 11:50PM | 2 clicks | Moinian mulls Flagship on 5th
Joseph Moinian is working to cobble together an 84,000-square-foot retail space at the base of the office building at 535-545 Fifth Ave. that will run the full 200-foot long block between East 44th and 45th streets ” and has appointed Winick Realty Group to... |
| 10:27PM | 2 clicks | If Kids Can Play, Will Mom Shop?
In their bid to keep shoppers from deserting to the Internet, more malls are adding sprawling play spaces. |
| 10:12PM | Billings Slip Back
After five months of positive readings, the Architecture Billings Index slipped back into negative territory during April, an indication that demand for design services declined. |
| 6:43PM | 1 click | CBRE Taps New Vein From Old Deal
The real-estate company's top-of-the-market acquisition of Trammell Crow Co. has turned out to be the deal that keeps on giving, in the form of incoming CEO Robert Sulentic. |
| 6:38PM | 1 click | BofA offering up to $30K for short sales
Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure. |
| 5:23PM | Florida's Next Frontier
A parcel of timberland in Florida that is nearly the size of Rhode Island and owned by a who's who of elites from the worlds of business and diplomacy is now slated to be the next frontier in the state's real-estate development. |
| 2:24PM | Homebuilder confidence hits 5-year high
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