Residential
Former renters driving Long Island City condo market to new heights
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Condo prices in Long Island City have been steadily rising since 2010, with new development projects coming with higher rates due to the migration of new residents.
Construction & Design
Grand Central owner goes off the rails on 1 Vanderbilt
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By Konrad Putzier The owner of Grand Central Terminal threatened to sue over One Vanderbilt last week, putting a damper on an otherwise encouraging City
Residential
Real estate journeyman Gabriel Bedoya has ticket to success
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For all its pomp and prestige, real estate also has its fair share of brokers who stumble upon the industry, strike gold between bar shifts and open mic nights.
Deals & Dealmakers
New group seeks to shake up social scene
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Roland Li for Real Estate Weekly By Roland Li On the first day of March, the venerable Costas Kondylis spoke in Soho. But the setting wasn’t in the halls
Deals & Dealmakers
Brookfield banks $1B on downtown towers
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Brookfield Place By Linda O’Flanagan Brookfield Office Properties Inc. this week closed on $1 billion in financing on two of the four office towers
Deals & Dealmakers
WHO’S NEWS: Corey Abdo joins CBCA; Ray Kelly lands consulting gig
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Coldwell Banker Commercial Alliance announced that Corey J. Abdo, a 25-year veteran of commercial real estate, has joined the firm as an executive managing
Construction & Design
Savanna completes $20M Falchi Building makeover, offers 95,000 s/f office space
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Savanna announced the completion of a $20 million capital improvement plan at the Falchi Building, a five-story 736,407 s/f office and retail building
Deals & Dealmakers
CIM Group buys 16 Court Street for $171M
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Investment firm CIM Group has purchased 16 Court Street in Downtown Brooklyn for $171 million. The property, also known as the Montague-Court Building
Deals & Dealmakers
Startup riding second wave in real estate crowdfunding
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Crowdfunding’s seemingly inevitable advance into the real estate industry faces a rather mundane obstacle: lack of technological expertise.
Deals & Dealmakers
Finance maverick who’s looking to give everyone a piece of real estate action
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New York’s reign as a safe haven for investment capital is a large part of what keeps domestic and foreign heavy hitters pouring money into properties in the area.
Construction & Design
Mixed-use artists’ building takes shape in E. Williamsburg
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100 Bogart Street Construction has begun on a mixed-use artists’ work space designed by Gene Kaufman Architect at 100 Bogart Street in East Williamsburg/Bushwick.
Construction & Design
SJP starts work on massive Fort Lee development
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The redevelopment of a site at the entrance to the George Washington Bridge began with a groundbreaking for luxury apartment tower The Modern last week.