Featured
All hell breaking loose as hurricane insurance battles rage
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Ronald Zeccardi By Holly Dutton Three months after Hurricane Sandy battered the city, New York building managers are now fighting with insurance companies
Deals & Dealmakers
Cuomo vows to veto 421a bill with no union labor provisions
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Governor Andrew Cuomo has vowed to veto any 421a legislation that does not include protections for union labor. In a speech during the Building and Construction
Deals & Dealmakers
Durst inks 200,000 s/f lease at 151 West 42nd Street
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The Durst Organization announced that the Bank of Montreal’s BMO Capital Markets has signed a 15-year lease for 215,056 s/f on the 9th and 29th through
Residential
NAR throws weight behind agents in commission fight
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The New York State Association of Realtors has filed its opposition to a controversial commission capping proposal for New York City rental agents.
Construction & Design
CUNY college aquatics center renovated
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A $7.2 million renovation of the Borough of Manhattan Community College’s (BMCC’s) aquatics center has been completed. The Dormitory Authority of the State
Deals & Dealmakers
Rudin completes $425M refinance at 32 Sixth Avenue
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The Rudin Family announced the closing of a $425 million refinancing of 32 Avenue of the Americas, one of the most historically significant telecom buildings
Debt & Equity
Goldman Sachs funds luxury Upper West Side development
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Certes Partners, Metropolitan Acquisitions and United Management announced that they have secured $71.5 million in financing for the development of 212
Deals & Dealmakers
SELLING POINTS: Rudder sells 2 full floors at 420 fifth Ave.
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● RUDDER PROPERTY GROUP Witkoff sells office condo for $52M Rudder Property Group announced the sale of two full floor office condos at 420 Fifth Avenue totaling $52.
Construction & Design
$41B worth of apartment towers, offices changing the NYC skyline
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The value of New York City construction starts skyrocketed in 2015, fueled by a continued wave of major residential development projects and the start
Deals & Dealmakers
Industry optimistic over Trump’s $1 trillion plan for infrastructure
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While uncertainty remains over the economic impact of a Donald Trump presidency, real estate executives have zeroed in on a point of optimism, the president-elect’s
Featured
How New York City retail is reinventing itself
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By Adeliade Polsinelli Vice chairman, Compass Old New York stores don’t die – they’re just reinvented. And as the city’s retail sector adjusts to a new
Residential
DONE DEALS: REAL scores largest residential purchase in Tribeca
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REAL New York has finalized a $55 million purchase at 70 Vestry Street, setting the record as the largest residential building purchase in Tribeca’s history.