RFR Realty’s Aby Rosen has put the Church Missions House back on the market. Rosen is looking to get $135 million for the six-story, 45,000-square-foot office property at 281 Park Avenue South, Curbed reported. The listing price for the landmarked building — which is familiar to Netflix watchers — comes to a staggering $3,000 per …
Read more “Aby Rosen puts Church Missions House on market – Robert Khodadadian”
An Italianate-style townhouse in the West Village traded atop Manhattan’s luxury market last week, despite a $6 million cut to its asking price. The townhouse at 17 West 9th Street asked nearly $14 million, down from $20 million when it was listed a year ago, according to Olshan Realty’s weekly report on residential properties in …
Read more “West Village townhouse with $6M price cut snags priciest contract – Robert Khodadadian”
It’s a tale of not-quite-rags to riches, followed by real estate rumbles. In our cover story this month, we recount how billionaire Ben Ashkenazy got his precocious start in the business at the age of 17, when he reputedly did a $2 million deal for a shopping center in the Bronx. As a …
Office landlords are struggling under the rise of interest rates and remote work. Things could soon get worse. It’s already been a tough year for owners in the office market. An index tracking shares of publicly traded office owners has dropped 29 percent in the first two quarters of the year, the Wall Street Journal …
Read more “Office index plummeting as recession fears grow – Robert Khodadadian”
New York City sprang back to life in the spring of 2021, and its busiest builders were no exception. In the past year, the city’s 20 most active developers filed plans to build nearly 16 million square feet of projects across the five boroughs. Now, they face a whole new set of headwinds entering the …
Read more “Ranking New York’s most active developers – Robert Khodadadian”
When New York’s rent relief program launched early last summer, landlords saw a light at the end of the tunnel. For owners June and Lance Margolin, it had been eight months since they’d received a payment from the tenant renting an apartment in their Long Island home. The program, flush with $2.4 billion, promised to …
Read more “Landlords bitten by program intended to feed them – Robert Khodadadian”
A scaffolding firm and one of its foremen are facing charges three years after a construction incident that left a young woman with brain injuries. The Brooklyn District Attorney charged Silvercup Scaffolding and foreman Zeke Fagan with misdemeanor reckless endangerment and criminal mischief, The City reported. Both defendants are due back in court next month. …
Read more “Brooklyn DA charges scaffolding company in 2019 incident – Robert Khodadadian”
A boutique brokerage joined Compass last month, bringing its 60-person team to the brokerage giant. LG Fairmont is changing its name to LGF at Compass and will hand over a cut of its commissions to Compass, which will provide support staff and technology platforms, ancillary services the firm struggled to build out independently. The brokerage …
Read more “Boutique brokerage LG Fairmont joins Compass – Robert Khodadadian”
Isaac Hager’s Cornell Realty is desperately seeking to keep the Tillary Hotel out of its lenders’ hands. Hager put the Downtown Brooklyn hotel along with a Williamsburg hotel site into bankruptcy in 2020 to halt a foreclosure by its mezzanine lender, Eli Tabak’s Bluestone Group. But now it’s worried about its senior lender, Ohana Real …
Read more “Fight over Isaac Hager’s Tillary Hotel getting ugly – Robert Khodadadian”
The Real Deal’s July 2022 issue is live for subscribers and slated to hit your doorstep soon. This month, we have a plethora of profiles perfect for beach reading — six of them, to be exact. The TRD profile may be the pièce de résistance of our coverage, in terms of garnering both awards and …
Read more “TRD’s July issue is live for subscribers! – Robert Khodadadian”
An opportunity to camp under the Hawaiian stars is available on Airbnb for $70 a night. Try not to worry about the volcano a dozen miles away. The glamping tent in the village of Mountain View is available on both Airbnb and Glamping Hub, CNBC reported . The Airbnb is hosted by 28-year-old Kehau Hall, …
Read more “Happy glamper: Tented Airbnb only miles from Hawaii volcano – Robert Khodadadian”
A converted missile silo is now an apocalypse-ready home. The underground bunker at 1200 Silo Lane in York, Nebraska once housed intercontinental ballistic missiles and was built to survive a nuclear attack, the New York Post reported. The mostly unfinished home, sitting on more than six acres, is asking $550,000. Built by the Army Corp …
Read more “Missile silo converted into apocalypse-ready home asking $550K – Robert Khodadadian”