News from New York Real Estate

Groupon co-founder’s new home has 15-car garage, c...

Posted On: 2019-04-27 20:30:50

Groupon co-founder Brad Keywell shouldn’t ever have trouble finding parking near his new home in the West Loop. Keywell recently paid $5.1 million for a 15,000-square-foot loft at 1140 West Monroe Street that includes a 15-car garage, Cook County pro...

SNL’s Pete Davidson now lives in a $1.3M house wit...

Posted On: 2019-04-27 20:30:50

Living with your parents isn’t just for the unemployed anymore. “Saturday Night Live” star Pete Davidson recently moved back home with his mom after breaking off his engagement with singer Ariana Grande, according to the New York Post. He and his mom...

Developer behind fatal facade collapse that killed...

Posted On: 2019-04-27 03:30:47

The developer responsible for a 2015 facade collapse that killed a two-year-old girl and injured her grandmother has pleaded guilty to a pair of misdemeanor charges and will pay $50,000 to the city over the incident. Esplanade Venture Partnership ple...

This NJ mansion is back on the market — with a 75%...

Posted On: 2019-04-27 03:30:47

A northern New Jersey mansion — which has struggled to find a buyer for years — is on the market again, asking nearly 75 percent less than last time. The Englewood property, dubbed Gloria Crest, is listed for $9.99 million, the New York Post reported...

Avery Hall to city: In exchange for 50K sf, we’ll...

Posted On: 2019-04-27 01:30:49

Avery Hall Investments wants to improve public transportation in Gowanus. But it needs something in return — specifically, the green light to build a much larger project at its development site on Fourth Avenue. The firm plans to construct a rental d...

Fetner, Lions Group and city take next steps for L...

Posted On: 2019-04-27 01:30:49

Fetner Properties and Lions Group NYC are moving forward with their plans for a new mixed-use complex in Long Island City. The partners pre-filed an application with the city to convert a vacant lot at 27-01 Jackson Avenue into a 27-story tower with...

Ventas’ investments in research facilities pay off...

Posted On: 2019-04-27 01:30:49

With the senior housing market still dealing with a surge of new supply, Ventas posted a strong start to 2019 thanks to its investments in other sectors, including medical and research facilities. The Chicago-based REIT that specializes in senior hou...

Rising up: Here are Chicago’s 10 tallest towers in...

Posted On: 2019-04-26 23:30:48

Chicago became the birthplace of the skyscraper in 1885, and more than a century later developers keep adding to its distinctive skyline. Today, Crescent Heights’ NEMA Chicago, JDL Development’s One Chicago and Related Midwest’s 400 North Lakeshore D...

The East Hampton Home of Judith Leiber

Posted On: 2019-04-26 21:30:55

Set on two acres, the property comes with landscaped gardens and an art studio where Mrs. Leiber’s husband, Gerson, painted.

Exclusive: Judith Leiber’s East Hampton Home Goes...

Posted On: 2019-04-26 21:30:55

The four-bedroom house of Mrs. Leiber and her husband, Gerson, is on 2 acres in Springs, N.Y., and is for sale at $3.9 million.

Former Naftali exec Victor Sigoura plans 19-story...

Posted On: 2019-04-26 21:30:54

Legion Investment Group is following through on its plans to construct a ground-up residential building on the Upper East Side. The firm, led by former Naftali Group chief investment officer Victor Sigoura, wants to build a 19-story, 145,000-square-f...

Is the tax overhaul law impacting real estate?

Posted On: 2019-04-26 21:30:54

A new report from the New York Federal Reserve sheds light on a question that’s been hanging over the American real estate market: Has the massive tax overhaul adopted by Congress in late 2017 had any effect on whether consumers want to buy or sell h...

Don Jr. was looking for a place in the Hamptons. F...

Posted On: 2019-04-26 21:30:54

The top priority for Donald Trump Jr. when searching for a new home in the Hamptons? A room to store his guns. Trump was looking for a home in the Hamptons with his girlfriend Kimberly Guilfoyle, and the two ultimately settled on a $4.5 million, seve...

Valuation inflation: Why sky-high figures could co...

Posted On: 2019-04-26 21:30:54

Newmark’s “friends and family” offering seemed like manna from heaven. At $18 or $19 a share, it was a sizable discount from the original high of $22 that the firm’s executives boldly predicted the stock would trade at once it hit the opening bell. W...

Right at Home: I’m Done Mowing My Lawn

Posted On: 2019-04-26 19:30:50

A manicured swath of grass may be the ultimate symbol of suburbia, but perhaps it shouldn’t be.

Miami developer pleads guilty to EB-5 fraud, money...

Posted On: 2019-04-26 19:30:49

Robert Matthews, the developer of the Palm House Hotel, pleaded guilty on Thursday in federal court to money laundering and tax evasion charges for defrauding foreign EB-5 investors in the Palm Beach condo-hotel project. Matthew’s wife Maria “Mia” Ma...

Grifter who sought deal with Aby Rosen at 281 PAS...

Posted On: 2019-04-26 19:30:49

The socialite grifter who climbed New York’s party scene and nearly landed a real estate loan on a $40 million nightclub space at Aby Rosen’s 281 Park Avenue South was convicted on multiple fraud charges on Thursday. Anna Sorokin, who went by the nom...

Clipper Equity will soon make $15M a year from the...

Posted On: 2019-04-26 19:30:49

Who says city government isn’t good for real estate? David Bistricer’s Clipper Equity will take home nearly $15 million a year from taxpayers after negotiating new lease terms with two city agencies at one of his properties in Downtown Brooklyn. Acco...

EB-5’s WeChat wars

Posted On: 2019-04-26 17:30:51

Not long after developers pulled the plug on the $900 million New York Wheel – the biggest EB5-backed project ever to go belly-up – a group on the popular Chinese messaging app WeChat lit up over the possible ramifications for investors. When the pla...

National Cheat Sheet: Zillow sues Compass, Felix S...

Posted On: 2019-04-26 17:30:51

Lawsuits filed by Zillow claims Compass poached tech staffers, stole trade secrets Zillow Group has hit Compass with a pair of lawsuits, claiming the brokerage tried to steal trade secrets and that the firm poached technology staffers who weren’t act...

Durable, Adaptable Cork

Posted On: 2019-04-26 15:30:58

Architects and designers are discovering the many benefits of building with cork, a material long associated with the wine industry.

Living on the Water

Posted On: 2019-04-26 15:30:58

Houseboats can be a more affordable way to live near a city center.

Donald Trump Jr.’s one demand for new Hamptons man...

Posted On: 2019-04-26 09:30:53

Donald Trump Jr. only had one requirement when house hunting in the Hamptons — a special room to store his beloved guns, The Post has learned. The 41-year-old first son wasn’t immediately sold on the sprawling $4.5 million, seven-room Bridgehampton h...

“I love your concept, but I don’t believe in it.”...

Posted On: 2019-04-26 05:30:52

A panel of real estate sharks that included Lennar Corp. COO Fred Rothman and Miami developer Lissette Calderon offered sage advice to a group of University of Miami graduate students pitching their real estate projects at The Real Deal’s Shark Tank:...

Landlord, tenant groups clash at RGB hearing over...

Posted On: 2019-04-26 05:30:52

With significant changes to state rent-regulation laws looming, one landlord group is pushing for 3 to 7.5 percent increases to one-year leases and 4.7 to 9.25 percent for two-year leases when the city’s Rent Guidelines Board votes on June 25. The Re...

Cushman & Wakefield sues Avenues school over u...

Posted On: 2019-04-26 03:30:51

Cushman & Wakefield alleges Avenues: The World School owes the commercial brokerage $500,000 in unpaid commission for its role in finding the site for the private school’s new Miami location. The brokerage alleges in a suit filed earlier this mon...

Brooklyn developer overcharged tenants by more tha...

Posted On: 2019-04-26 03:30:51

Housing Rights Initiative is accusing a Brooklyn landlord of overcharging rent-stabilized tenants at a newly constructed 421a building in Clinton Hill by more than $1 million. The tenant-advocacy group, led by Aaron Carr, organized tenants at 74 Gran...

Neighbors sue to block Extell’s UWS tower after ci...

Posted On: 2019-04-26 03:30:51

The back-and-forth over Extell Development’s 770-foot Upper West Side tower is now headed to court. Weeks after the Department of Buildings renewed permits for the development at 50 West 66th Street, the City Club of New York — which nearly killed Ba...

Embattled New Jersey mansion is now a whopping 75...

Posted On: 2019-04-26 01:30:53

This northern New Jersey mansion dates to the roaring ’20s, but it’s certainly not roaring now. The grand property — once one of the state’s most expensive properties — is back on the market asking just $9.99 million. That’s $29 million off its origi...

If the state kills the vacancy bonus, a new one co...

Posted On: 2019-04-26 01:30:51

Even if Albany eliminates vacancy bonuses for rent-regulated units, the city’s Rent Guidelines Board can simply implement a new one, members said Thursday. During a day-long hearing, the board discussed what actions its members could take if the stat...