Wednesday: June 19, 2013
|2:48PM||Book cleaning appointments online with MyClean
|2:31PM||Demolition of ugly 425 Park a milestone for city From the June issue: The significance of what will soon occur at 425 Park Avenue is twofold: what is going up, and what is coming down. So far, attention has focused exclusively upon the former, a 41-story, 650,000-square-foot office tower designed by Norman Foster and...|
|2:01PM||Trulia releases rentals app for iPad Trulia has released a consumer-facing rentals iPad app to join the Android phone, tablet and iPhone versions already available, the San Francisco-based firm announced today. The new app, which focuses solely on rentals, features a rental price heat map that ...|
|2:01PM||Trulia Re-Leases Its New iPad Rentals Application For The First Time On iOS, Renters Can Use Trulia™s Interactive Heat Maps to Pinpoint Rental Prices and Other Local Information Today Trulia launches its first dedicated iPad rentals application “ titled Trulia Rentals-Find Homes and Apartments for Rent “ to reach a rapidly...|
|2:01PM||Meatpacking District to get 12-story office tower A 12-story glass office building is slated to rise in the Meatpacking District, the New York Post reported. The 172,000-square-foot tower will be built at 61 Ninth Avenue, on the southwest corner of West 15th Street. The space is currently occupied by Prince Lumber...|
|1:38PM||Study reveals housing discrimination against gay couples Coming shortly after the release of a study that revealed persistent housing discrimination against minorities, the results of another investigation recently unveiled by the Department of Housing and Urban Development (HUD) shows that same-sex couples looking to rent homes are more ...|
|1:30PM||Stuart Saft to lead Holland & Knight™s NYC real estate practice Veteran real estate lawyer Stuart Saft has been tapped to chair the New York real estate practice at Holland & Knight, only 13 months after joining the firm, Law360 reported. While at Holland & Knight, Saft - who was formerly at Dewey & LeBoeuf...|
|1:01PM||Sotheby™s to sell its UES HQ Sotheby™s, the renowned auction house, has put its Upper East Side headquarters up for sale, the New York Post reported. Eastdil Secured™s Douglas Harmon and Adam Spies are marketing the 500,000-square-foot glass and granite building at 1334 York Avenue that occupies the entire eastern...|
|12:58PM||NYC Renovation Chronicles: The quest for a home office begins
|12:57PM||Nestio unveils listing management platform for landlords Like many landlords, Copperwood Real Estate used to struggle to efficiently manage and distribute its listings. To populate its public-facing site, it would have to convert listing information that it maintained in a spreadsheet into code and insert that code ...|
|12:47PM||BofA, Citi, Wells Fargo fail key servicing tests Recent servicing compliance tests applied to the nation™s top financial institutions resulted in five test fails among top mortgage servicers, including Bank of America, JP Morgan Chase, Citi and Wells Fargo, according to Joseph Smith, monitor of the National Mortgage Settlement.
|12:30PM||Chelsea Clinton and husband Marc Mezvinsky list NYC home Marc Mezvinsky, the husband of Chelsea Clinton, has put the couple's NYC home on the market for $4.48 million, The Real Deal reported. The pair is apparently trading up: They reportedly purchased a $10.5 million apartment across from Madison Square ...|
|12:15PM||Rudin™s St. Vincent™s site will have five individualized condo buildings: PHOTOS, VIDEO Developers the Rudin family and Eyal Ofer provided The Real Deal with new details (and renderings!) of their controversial overhaul of St. Vincent™s hospital in the West Village, and they were worth the wait. The 200 condominiums in 10 buildings designed by FXFowle will...|
|12:01PM||Appeals court sides with UES marine transfer station, some middle-class NYC housing aimed at $200k earners ¦ and more [caption id="attachment_230820" align="aligncenter" width="570"] Aerial shot of the Brooklyn Navy Yard[/caption]
Appeals court rules in favor of Upper East Side marine transfer station. Some middle-class NYC housing targeted at those earning almost $200,000 per year. Steiner must hand over Brooklyn Navy Yard documents, judge says....|
|11:43AM||Mortgage applications slip as interest rates climb for 6th straight week As interest rates continued to climb, applications for purchase loans for the week ending June 14 slipped a seasonally adjusted 3 percent from a week earlier, but were up 12 percent from the same week last year, according to the results ...|
|11:30AM||Top stories Top stories yesterday on The Real Deal: 1. Bistricer, Rieder sell UWS building in midst of condo conversion 2. Silverstone inks $18M deal for Gramercy rental 3. Elliman bigwigs hobnob at Witkoff™s 10 Madison Square West preview: PHOTOS ... [more]|
|11:00AM||Dial Tones: Photographer Stumbles Into the Land of Broken Pay Phones Pay phones are pretty much obsolete at that point, and while a few brave souls have undertaken the task of repurposing them into WiFi hotspots, street libraries, or other things, the overwhelming likelihood is that they're just going to...|
|10:46AM||Epiq Bankruptcy Leads Trio of New Leases at 757 Third Avenue Epiq Bankruptcy Solutions, a case management and consulting firm specializing in Chapter 11 cases, has signed a 28,036-square-foot lease on the third and seventh floors of 757 Third Avenue, the largest of three recently announced leases at the RFR Realty property. Asking rents in...|
|10:45AM||QUICKLISTING: Philip House: 9C Philip House - Luxury UES 3BR/2.5BA Priced at $3.75MCondo 24HR Doorman, Fitness Center, Rooftop, Playroom 141 East 88th Street|
|10:45AM||North Sutton Area, $4.495M North Sutton Area, $4.495M 3 BR, 3 BA, Coop | Asking $4,495,000 600 sq. ft. terrace Today, 1‑2:30pm 35 Sutton Place, 19D|
|10:26AM||A Grassy Spot in New Hampshire This earth-sheltered home is built into a hill overlooking miles of forested landscape and mountains; mowing the roof comes with the territory.|
|10:25AM||Coming Attractions: Wavy West 15th Street Office Tower to Add Some Funk to MePa A lumberyard at the corner of West 15th Street and Ninth Avenue will soon depart for a much less gritty occupant. The Post reports that an undulating 12-story office tower designed by megafirm Kohn Pederson Fox will begin to rise...|
|10:13AM||Launches & Releases: Rental Site Relaunches With Big Plans for NYC's Landlords Real estate listing search site Nestio, founded as a way for apartment hunters to organize their hunting, relaunched this morning with a new, much more landlord-focused approach to the rental market. The big idea: make it easier for landlords...|
|10:05AM||Mindboggling Reveals: Meet St. Vincent's Condo Conversion The Greenwich Lane The buildings that once made up St. Vincent's in the Village are, after a long battle, embarking on a new life as condominiums. One of those buildings, 130 West 12th Street, has already sold out. Now the others are...|
|9:40AM||Preservation Watch: It's not just Eero Saarinen's retro-futuristic... It's not just Eero Saarinen's retro-futuristic TWA terminal at JFK, now landmarked, that has caught the eye of passionate preservationists and architecture mavens. The now-defunct Pan Am Worldport, a terminal topped by a flying saucer (okay, a roof) used by...|
|9:18AM||Mortgage Applications Slide as Interest Rates Jump|
|9:00AM | 1 click||REBNY Retail Deal of the Year Awards, Minute By Minute About 200 retail real estate specialists gathered at 101 Park Avenue™s 101 Club last Tuesday for the Real Estate Board of New York™s 15th annual Retail Deal of the Year Awards cocktail party.
Brokers flocked to a bountiful buffet and an open bar with generous...|
|9:00AM||Linkage: Brooklyn Library Branch Saved; UWS Condo Conversion Sells , NYC parks getting solar-powered charging stations , Brooklyn library branch saved (at least temporarily) , What would stronger foreclosure protection programs look like? , Apparently there's such a thing as a hipster newsstand , LICH sale might benefit...|
|7:45AM||Jason Kidd On Hand for Launch of Dwight School’s New Athletic Facility The Dwight School™s newly refurbished 40,000-square-foot athletic facility opened last week in East Harlem and the Brooklyn Nets™ new head coach Jason Kidd was on hand to give it his personal stamp of approval.
(Credit: AP Photo/Kathy Willens)
Stephen Spahn, the school™s chancellor and a former...|
|7:45AM||Petland Signs at 332 First Avenue in Latest Turnover at Peter Cooper-Stuy Town Retail In another instance of turnaround at The Shops at Peter Cooper Village and Stuyvesant Town, Petland signed a 15-year, 1,909-square-foot lease at 332 First Avenue, The Commercial Observer has learned. It will be next door to Second Time Around, a consignment shop that in...|
|7:31AM||1450 Broadway Welcomes Taiwanese Airline EVA Airways, the second largest Taiwanese airline, has signed a lease for the entire 3,771-square-foot 31st floor at 1450 Broadway, where asking rents for the tower range from $65 to over $70 per square foot.
EVA Air might not be a household name to you...|
|3:11AM||Rubin Schron offers $2B for Empire State Building UPDATED, 6:00 a.m., June 19: Rubin Schron, president of Cammeby's International and one of the city's major property owners, has offered $2 billion in cash to buy the Empire State Building, according to a letter an attorney for the investor sent Tuesday to an...|
|2:05AM||Fresh Prince of W. 15th St. The last remaining unfettered development site in the Meatpacking District is going to morph from wood to wow.
We™ve learned the Prince Lumber Co. at 61 Ninth Ave., on the southwest corner of West 15th St., will soon relocate to Clinton so its current...|
|1:59AM||U.S. Home Construction Rose in May Housing starts rose 6.8 percent in May, and builders sought permits to build-single family homes at the fastest pace in five years. |
|12:59AM||The 30-Minute Interview: Fred T. Shen Mr. Shen, 71 is a founder and the chairman of Shen Milsom & Wilke, a consulting and design firm. |
|12:19AM||Meticulous Midcentury Reboot To revive this A. Quincy Jones-designed contemporary in Beverly Hills, the owner took a 'forensic' approach to piecing together its past.|
|12:15AM||Homes to Survive the Apocalypse Here's some homes that would make it through an apocalypse ” zombie or otherwise.|
Tuesday: June 18, 2013
|11:41PM||Square Feet: As Coney Island Stirs, One Man™s Vision Is Unbuilt Horace Bullard had big plans for redeveloping the Coney Island of his youth, but he died with his properties still on the market. |
|11:29PM||Recent Commercial Real Estate Transactions Notable properties that have been recently listed for sale, sold or leased. |
|11:03PM||Sold: Arnold Schwarzenegger™s Former Home That Sparked Affair Designed in a Mediterranean style typical of homes in the area, the 10,000-square-foot villa is located at the end of a long gated driveway.|
|10:30PM||Stuy Town owners reach deal to halt mid-lease rent hikes Some 2,000 tenants of Stuyvesant Town-Peter Cooper Village will be spared mid-lease rent hikes as part of an agreement between the owners of the 11,000-unit rental complex and New York Attorney General Eric Schneiderman, his office announced today. CWCapital Asset Management, the special servicer...|
|10:07PM||Mortgage applications reverse, decline again Mortgage applications fell 3.3% for the week ending June 14 as home purchases and refinancings cooled.
|10:06PM||Amtrak Gateway Program: No Choice, Rail Exec' Says WEST ORANGE, NJ-The overburdened rail system literally cannot continue as is, theAmtrack official behind a $52 billion planned upgrade and expansion of infrastructure between New York City and New Jersey told a NAIOP-NJ group.|
|10:06PM||New York Magazine Publisher Inks Deal NEW YORK CITY-New York Media, the publisher of New York magazine, has signed a lease for more than 80,000 square feet of space at One Hudson Square with building owner Trinity Real Estate.|
|10:00PM||Colonnade to convert another Tribeca building to condos Updated, 9:04 a.m., June 19: The Colonnade Group, a New York-based developer, is doing another condominium conversion in Tribeca, this time at a five-story building at 77 Warren Street, according to a description of the project on BuzzBuzzHome. In December 2012, Colonnade paid $7.6...|
|9:55PM||Mayor's 'Seaport City' Has Its Critics NEW YORK CITY-Part of Mayor Michael Bloomberg’s nearly $20-billion storm prevention plan is the development of a SeaPort City aimed at providing lower Manhattan with storm-surge protection, and serving as a catalyst for jobs and economic growth.|
|9:49PM||Two Deals Signed at 199 Water NEW YORK CITY-Jack Resnick & Son’s 199 Water St. office building has just secured two deals involving full-floor leases at the 1.1 million-square-foot complex.|
|9:22PM||OCC: Housing market shows strong growth "The housing market showed signs of improvement in 2012 due to increased investor demand and the limited supply of new and existing homes for sale," The Office of the Currency of the Comptroller said.
|8:41PM||Parties foreclosing on Chicago rentals face new obligations Parties who acquire residential rental properties via a foreclosure or deed in lieu of foreclosure in Chicago are now required to provide an option to renew the lease or offer relocation assistance to a "qualified tenant."
|8:29PM||Lawmaker pushes for probe of BofA's HAMP practices Rep. Maxine Waters, D-Calif., sent a letter to Christy Romero of SIGTARP, calling for an investigation of Bank of America over allegations that the bank mishandled HAMP applications.
|8:06PM||RMBS auction failures reach most this year Nonagency RMBS are failing to trade at investor auctions at the fastest pace this year as prices tumble after a rally.
|8:03PM||Merger creates new Coldwell Banker franchise in Northern California Two leading Solano County, Calif., brokerages have merged and affiliated with franchisor Coldwell Banker Real Estate LLC. The merger of Vacaville-based Kappel & Kappel Realty Inc. with Solano Gateway Realty Inc. in Fairfield beefs up Coldwell Banker's presence along the ...|
|7:25PM||Living in: New Milford, Conn.: One Town, Many Neighborhoods A housing market that offers something for everyone ” from subdivisions to rustic lake homes to storied estates with dazzling vistas. |
|7:14PM||Imagining the real estate industry, 5 years out What will the real estate industry look like five years from now, and how can brokers and agents prepare for it? Leaders of four companies that have been at the forefront of change - Redfin, Trulia, Zillow and Move Inc. ...|
|7:03PM||Living in New Milford, Conn. Residents and weekenders enjoy Candlewood Lake, pastoral expanses and a lively town center. |
|6:41PM | 1 click||30-Year Fixed Mortgage Rates Drop for First Time in 6 Weeks Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.88 percent, down from 3.93 percent at this same time last week.|
|6:39PM | 1 click||Floored voted best real estate tech startup at Realogy summit Floored, which creates interactive 3-D floor plans that allow users to walk through a virtual recreation of an actual space, was voted the best real estate tech startup today at the Realogy FWD Innovation Summit, hosted at the real estate ...|
|6:12PM | 1 click||CurbedWire: Remembering NYC's World's Fairs; Manhattan Bridge Music FLUSHING-To honor the 75th and 50th anniversaries of the two World's Fairs that NYC hosted, which are coming up in 2014, the Museum of the City of New York and the Queens Museum of Art are collaborating to catalog...|
|6:08PM | 1 click||Ask an Expert: Should my landlord pay for my wrecked laptop?
|6:03PM | 1 click||Former first daughter Chelsea Clinton lists NY Flatiron condo Chelsea Clinton and husband Marc Mezvinsky are moving on up, going from a nearly $5 million pad to a $10 million-plus place, according to Zillow.
|5:48PM||CMBS sales may lose $15B on rising interest rates: S&P Rising interest rates may trim issuance of commercial mortgage-backed securites by $15 billion this year, according to S&P.
|5:44PM | 1 click||How to attract your next wave of sellers "I often get asked what it takes to win clients in real estate," writes Matthew Altman, one of the most successful real estate agents in the Beverly Hills and Hollywood Hills luxury housing market. "I™ve learned that to really succeed, you have to be a...|
|5:42PM||Goldman Sachs can't dodge MBS case A California federal judge indicated that he will reject Goldman Sachs' bid to escape most of a $491 million lawsuit alleging it misrepresented MBS.
|5:40PM||Linkage: The Best Citi Bike Review; Building Governors Island's Seawall , Veteran NYC cyclist and bike filmmaker Casey Neistat reviews Citi Bike , Crews began the rehabilitation of Governors Island's 2.2-mile-long seawall , It's war! Park Slope councilmen disagree with Park Slope Community Board , Third Northside Piers tower...|
|5:29PM | 1 click||Chelsea Clinton and Husband Marc Mezvinsky List NY Flatiron Condo Chelsea Clinton and Marc Mezvinsky are moving on up, going from a nearly $5 million pad to $10 million-plus place.|
|5:15PM||NYU and NYCEDC Creating Clean Tech Incubator NEW YORK CITY-The new facility will be in Downtown Brooklyn, giving the burgeoning Brooklyn Tech Triangle a boost.|
|5:12PM||City finalizes map of new hurricane evacuation zones, covering another 600k New Yorkers
|5:04PM||AG: No Mid-Lease Rent Hikes at Stuy-Town NEW YORK CITY-The agreement with the attorney general’s office also includes ion mid-lease rent increases for more than 2,000 other tenants at the massive Midtown South apartment complex.|
|4:51PM||Holland & Knight Names New Practice Leader NEW YORK CITY-The law firm taps Stuart Saft to head its real estate practice along with its hospitality division.|
|4:41PM||Move, MSN renew content-sharing agreement Realtor.com operator Move Inc. has renewed a content-sharing agreement with MSN that allows consumers to access Move's property listings and related information from MSN Real Estate, the sixth-most popular real estate site in the U.S. Under the agreement, Move will continue ...|
|4:38PM||Report: Franchising rights for ERA Asian-Pacific region up for sale Franchising rights to provide services to ERA Real Estate-affiliated brokerages in 18 Asian-Pacific countries are up for sale, and could fetch up to $160 million, the Wall Street Journal reports. Singapore-based Hersing Corp., which holds ERA franchise rights in China, ...|
|3:58PM||City OKs Demolition at Avenue A Site With 15,617-SF of Retail Space The city approved a demolition permit yesterday for 98-100 Avenue A, where a 40-unit apartment building will rise above 15,617 square feet of retail space.
East Village developer Ben Shaoul purchased the property last month for $15.5 million.
Renderings of the future 98-100 Avenue A.
|3:04PM||The StreetEasy Hot Dozen: 12 rentals that may or may not be available by the time you read this
|2:45PM||MarketVideos.com: the next best thing to hit real estate video marketing One of the biggest challenges in real estate marketing today is creating video content. Let's face it, agents are not meant to be self-producing video creators. There is a learning curve to production, post-production, equipment, storyboarding, and the list goes on. And yet, ...|
|12:58PM | 3 clicks||How to prepare for this summer's sellers market
|12:46PM||Brooklyn Tech Triangle Sets Sights on Growth NEW YORK CITY-The community’s leadership has put forth a strategic plan to dramatically enhance the area.|
|12:16PM||City and NYU-Poly Announce Dumbo ‘Clean Tech’ Incubator The city and the Polytechnic Institute of New York University are launching a 10,000 square foot clean tech incubator at Forest City Ratner™s 15 MetroTech in downtown Brooklyn.
The Clean Technology Entrepreneur Center will house 20 startups focused on solving urban energy and sustainability issues, NYU-Poly...|
|11:01AM||Jack Terzi of JTRE on Growing, Organically Shortly after launching his eponymously named real estate business, Jack Terzi was approached by Apogee, a thrift store chain that operated 18 branches in Minnesota and Maryland, about opening in New York and New Jersey, which, compared with the chain™s traditional markets, were a...|
|10:30AM||New York Media Signs Direct Lease at One Hudson Square The publisher of New York magazine, New York Media LLC, has signed a 10-year, 80,500-square-foot direct lease at Trinity Real Estate™s One Hudson Square, where asking rents are $65 per square foot.
The media company will remain on the building™s entire fourth floor, which it...|
|10:01AM||Scott Panzer: Jones Lang LaSalle’s Triple Digit Threat Scott Panzer no longer wears a tie to the office. But despite his nod to Gen Y™s watering down of the workplace dress code, the Jones Lang LaSalle vice chairman shows up to our interview in a snazzy pair of suspenders and a starched...|
|9:50AM | 2 clicks||US May Housing Starts Rise; Inflation Remains Tame|
|9:43AM||Cushman & Wakefield Closes Artful Deal NEW YORK CITY-The broker consulted on a sale and recap of an art storage facility that has closed in Midtown.|
|6:14AM||Federal housing offices to close in worst foreclosure areas Tampa homeowners probably need the government's help more than in other places.|
|2:19AM||E-Com Fuels Demand for Distribution Space CHICAGO-Investors will have two main options, Avison Young reports. Either buy in industrial markets like LA, Indianapolis or Dallas, or dense, urban infill areas like NYC or Chicago.|
|12:11AM | 1 click||Drying out on Water Street Although the Water Street and Front Street office tower corridors look much closer to normal than they did a few months ago, several buildings are still not yet 100 percent restored after Superstorm Sandy, and some stores and cafes remain closed.
But one address that™s...|
Monday: June 17, 2013
|10:27PM | 1 click||Redo for FEMA Maps Alters Floodplain Area Tens of thousands of Jersey Shore homeowners are receiving welcome news that they won't have to raise their homes high into the air to comply with new federal floodplain regulations.|
|10:16PM||The Return of the 10 Percent Down Payment Around the country, some lenders are offering 90 percent financing again on all loan types.|
|8:56PM||Jazz Legend David Sanborn Lists Upper West Side Brownstone Much like the music flowing from his saxophone, Sanborn's home speaks for itself: modern yet classic, grand yet unassuming.|
|8:30PM||Junk Mail & Papers Cluttering Your Home? Here™s How to Manage the Mess Getting rid of the clutter may sound like an insurmountable task, but it™s actually the key to living a less stressful life.|
|6:29PM||Al Capone™s Miami Home Sells (VIDEO) Al Capone's notorious final residence recently sold for $7,431,750, according to property records.|
|6:23PM | 4 clicks||R.I.P. - Jason Sheftell, Daily News Real Estate Reporter, 46
|5:33PM | 1 click||The Open House Scorecard: Here's what buyers were looking at this weekend
|5:09PM||Ellen & Portia Dumping Beverly Hills Penthouse DeGeneres is well-known for her love of real estate, buying and selling over 15 properties since 2002. |
|4:41PM||Dig This Trend: Breakfast Nooks Whether modern-banquette seating or a Victorian-style tea parlor, these spaces are changing the way homeowners across the country approach the most important meal of the day.|
|4:06PM||As Cushman CEO Exits, Industry Wonders 'Why?' The biggest question in New York's commercial real-estate industry last week was what was behind Cushman & Wakefield's announcement that Glenn Rufrano was stepping down as CEO.|
|2:22PM | 1 click||My co-op board interview: Sometimes you need to leave the Marc Jacobs bag at home
|2:18PM||A Touch of Japan in Connecticut Japanese influences abound in this home with traditional New England-style shingle exterior overlooking the Long Island Sound.|
|2:09PM | 1 click||The Appraisal: Cash-in-Hand Buyers Can Come With a Catch Such buyers sometimes assume that their status should afford certain concessions from the homeowner, like beloved bits of furniture at no extra cost. |
|2:05PM||Home Builder Confidence Soars to 7-Year High|
|1:06PM||B™Berry phones home to Park Ave. S. BlackBerry is making a bold move and leasing its first office in the Big Apple. The Canadian-based company will be able to keep moving into a 10,000 square-foot space at the top of 440 Park Ave. S.
It is unclear when the tech company...|
|12:55PM | 1 click||Major landlord bans smoking; how to deal with the hoarder upstairs and more
|11:53AM||Builders say housing is back More builders say sales conditions are good rather than poor, confirming earlier signs of a housing recovery.|
|10:14AM||Home Builders' Outlook: 'Good' for First Time Since '06 U.S. home builders reported the best conditions in the housing market since the mid-2000s boom, the latest sign home sales are becoming more robust and will power the U.S. economy this year.|
|9:17AM||Good New York Fed Manufacturing News Not as Good as It Looks|
|1:30AM||Niels Diffrient, Industrial Designer Who Blended Form and Function, Dies at 84 Mr. Diffrient combined elegance and efficiency in everyday objects, and even office chairs like the award-winning Freedom Chair. |
Sunday: June 16, 2013
|8:04PM | 1 click||Fears of New Housing Bubble Full of Air Ahead of the Tape: The numbers don't support the view that another housing bubble is brewing, and two important pieces of data this week on the housing market should underscore that point.|