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DOB stands by supertall decision
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Developers SJP and Mitsui Fudosan are cheering a decision by the city to appeal a court decision to chop the top 20 stories off of their Upper West Side
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Landlord ordered to pay graffiti artists nearly $7M for destroying work
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The graffiti became so famous on this building a judge ruled it shouldn’t have been painted over. By Sabina Mollot A landlord who whitewashed graffiti
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Madison double deals at Brooklyn industrial plaza
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Madison Capital and Salmar Properties announced that Prose, a personalized hair care brand, and IDL Communications & Electric, an electric infrastructure
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Digital magʼmakes move to MetroTech Center
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Brookfield Properties announced that Slate has signed a seven year, 23,000 s/f lease at 15 MetroTech Center. The media company and podcast network will
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Sutton Place dispute heats up as Gamma accuses opponents of withholding documents
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Gamma Real Estate is accusing opponents of a planned 700-foot tall residential tower on East 58th Street of withholding documents ahead of a public hearing on Wednesday.
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City says it won’t intervene on pricing of East Midtown air rights
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The city’s rezoning proposal has put 3.5 million s/f of air rights in play in East Midtown. It’s still unclear how the deluge will affect the air rights
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Chetrit backtracks on Sony condo plan, sells to office venture for $1.45B
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THE SONY BUILDING The Chetrit Group has reversed its plan to turn the Sony Building at 550 Madison into uber luxury condos and instead sold the property for $1.
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AG creates $8 million restitution fund for former Croman tenants
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Former tenants of jailed slumlord Steven Croman could be in for a share of an $8 million restitution fund just announced by New York Attorney General Barbara D.
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Paradigm nurses along $192M deal
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Paradigm Commercial affiliate, Senior Care Capital, has closed a $192,500,000 credit facility, to facilitate the purchase of 16 skilled nursing facilities
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Is our hot economy about to boil over?
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By Jonathan Lewis, Founder, JLJ Capital Everywhere you look there are people talking about recession. Such talk isn’t surprising since the current economic
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Study: Real estate tech startups are on the decline
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By Ashkan Zandieh, founder and CEO, Falkon Entrepreneurship in real estate tech seems to have gone the way of Greece’s economy — dramatic decline.
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Natixis refinances 10 Jay as new tenants sign up
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Soho Works and Rent the Runway have leased space at 10 Jay. Newmark Knight Frank arranged a $205 million floating-rate loan for the refinance of 10 Jay