Building Sales Report May Be Bad News for City
In what likely portends to a tough year for real estate sales, a new report shows the number of apartment buildings sold citywide plunged during the second half of 2007, though sales prices increased...
View ArticleStood Up, Jilted and Abandoned, 100 Church St. Begins Renovations
Renovations are set to begin on the façade at 100 Church St. in the next two weeks, a face-lift the landlord aims to use to attract tenants to a 21-story office building that has sat almost half-empty...
View ArticlePreservationists Scuttle Brooklyn Heights Garage
After a two-year battle, preservationists this week dealt a decisive blow to a landlord seeking to build a parking garage at his historic Brooklyn Heights development. The Landmarks Preservation...
View ArticleDevelopers Move Away From Outlandish Residential Amenities
Manhattan's halcyon days of over-the-top residential amenities from pet spas to putting greens to bowling alleys appear to be coming to a close. Development projects beginning to hit the market and...
View ArticleOffice Space Leased as Two-Year Census Process Gears Up
When classes start this fall at Berkeley College, students at the business school's 130 William St. campus may notice an unusual flurry of activity in their building, as the U.S. General Services...
View ArticleDevelopers Turning to New Generation of Amenities
With New Yorkers tired of buildings laden with expensive features like meditation rooms and volleyball courts, developers are offering a new generation of amenities to make their products stand out...
View ArticlePriced Out of Brooklyn, Nonprofit Takes Manhattan
When the National Federation of Community Development Credit Unions began looking for a new home because its lease at 120 Wall St. was expiring, Brooklyn seemed like the top option for a nonprofit...
View ArticleRoosevelt Islanders May Be Left Hanging
Roosevelt Islanders who rely on the aerial tramway connecting the island to Manhattan will soon have to find an alternative route. The tramway is expected to be closed between June 10 and June 18,...
View ArticleAn Interior Designer Finds Plenty of Room for Ikea
Think interior designers would disapprove of a $22 ready-to-assemble bookshelf? Think again. A New York-based designer, Elaine Griffin, said nearly everything in her kitchen is from Ikea, the Swedish...
View ArticleA Church Grows Where Billiards Once Drew Crowds
The onetime largest pool hall in the country closed this winter because business had slowed to a trickle since the city's smoking ban was enacted in 2003, the owner says, but thanks to a local church,...
View ArticleCredit Crunch Turns Condos Into Rentals
A coming wave of developments originally envisioned as condominiums will instead be rented, observers say, due to lenders' reluctance to finance condominiums in the midst of a credit crunch. On the...
View ArticleWeek in Review
1. Former Britney Spears Condo Moving Again An apartment once owned by the pop singer Britney Spears is now on the market for $6.595 million, the New York Times reported. Just before her 2004 marriage...
View Article'Sex' and the Brokers
When Elaine Clayman was starting out as a real estate broker, she sold a four-bedroom luxury condominium for $1 million to a couple who had planned to spend $480,000. "I said, 'I have another apartment...
View ArticleApartment Customization Goes Beyond Choosing Colors
When executives at Plaza LLC Development Group sat down to discuss the final phase of construction at their 67-unit development in Crown Heights, the conversation took an unexpected turn. By the end of...
View ArticleU.S. Real Estate Prices Fall to 2004 Levels
While the New York City real estate market has managed to avoid price cuts, the nationwide market has dropped to pre-boom 2004 levels, a closely watched housing index shows. "We've erased the last four...
View ArticleInventory Spike Signals 'Cash-Out' Mentality
A recent spike in real estate inventory is a sign that a growing number of New York City homeowners are seeking to cash out before prices fall, brokers said. The number of condos, co-ops, and lofts for...
View ArticleBy 'Sharing,' Co-Ops Compete With Condos
Cedric Bernard and his wife, Sandrine, were two months from the end of the lease on their two-bedroom apartment at 63rd Street and West End, and with a toddler in the house and another child on the...
View ArticleCity Housing Slump May Hit In 2009
New York City apartments, long immune to the national housing slump, could see their first price declines in a decade, quarterly reports scheduled for release today suggest. If the credit crunch does...
View ArticleNew Big-Box Store May Make East Harlem a Target Market
Ikea isn't the only new "big-box" store in New York City that may have a significant impact on the neighborhood around it. Manhattan's first Target is scheduled to open next year at a shopping plaza at...
View ArticleBig Changes Afoot on Fire Island, Except for One Enclave
Charles Guthrie has the same summer job his father once held managing the youth sailing program at the Point O'Woods Yacht Club. In the balconied wooden yacht club building that has stood since 1899,...
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