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Real estate in Manhattan"s Garment District "skyrockets"

TriBeCa "reigns" as the most expensive neighborhood in New York City, but another neighborhood has shot up to the No. 2 spot. That's according to data compiled by PropertyShark. Despite a 16 percent year-over-year price drop, TriBeCa is still N.....»»

Category: topSource: bizjournalsOct 11th, 2018

Developer Michael Shvo pleads guilty to tax fraud

Manhattan District Attorney Cyrus R. Vance, Jr. today announced former real estate wunderkid Michael Shvo, 45, and his companies, SHVO ART LTD. and.....»»

Category: realestateSource: realestateweeklyApr 26th, 2018

As rents take a nose-dive retailers start to get serious about leases

In spring 2019, average asking rents for available ground floor retail spaces decreased year-over-year in 12 of the 17 Manhattan corridors analyzed by the Real Estate Boar.....»»

Category: realestateSource: realestateweeklyMay 24th, 2019

Columbus State Community College wants to establish its own real estate offshoot

Columbus State Community College wants to establish its own real estate entity known as Columbus State Community Partners, which could ultimately establish deeper commercial investment within the Discovery District of downtown......»»

Category: topSource: bizjournalsMay 20th, 2019

Bargain hunters prowl Manhattan for retail space

In spring 2019, average asking rents for available ground floor retail spaces decreased year-over-year in 12 of the 17 Manhattan corridors analyzed by the Real Estate Board of New York (REBNY) in its bi-annual Manhattan Retail Report. As rents co.....»»

Category: realestateSource: realestateweeklyMay 17th, 2019

How a retailer"s demise helped spark Lower Manhattan"s revival

When Syms Corp., the discount clothing and accessories chain that included the Filene's Basement brand, slid into bankruptcy in late 2011, its brick-and-mo… real estate was seen as more valuable than... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 17th, 2019

Retail rents are falling in most of Manhattan"s top shopping corridors

Empty storefronts along some of Manhattan's best-known shopping corridors have landlords lowering rents. A report Wednesday from the Real Estate Board of New York found that average asking rents for... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 17th, 2019

Real Estate On New York City"s "Billionaire"s Row" 40% Unsold Due To "Unrealistic" Prices

The area known as "Billionaire's Row" in Manhattan is becoming one of the biggest real estate gluts in all of the city. 40% of apartments in the area are now sitting unsold in towers that top out at 100 stories, accordin.....»»

Category: blogSource: zerohedgeMay 9th, 2019

NYC home sales remains soft, but rents continue to rise

Douglas Elliman Real Estate focused on three boroughs — Manhattan, Brooklyn and Queens......»»

Category: topSource: bizjournalsMay 9th, 2019

Inflated And Overpriced Retail Real Estate Turns Manhattan Into "Wasteland"

The Fed loves to tell us how necessary and vital inflation is for economic prosperity, but in the case of midtown Manhattan's "prime" retail real estate, it is doing nothing but helping cause o.....»»

Category: blogSource: zerohedgeMay 5th, 2019

Mediaocean to take space in the Financial District as company explores sale

as it seeks to trim its real estate costs. The company, , signed a 10-year lease for the entire eighth floor of Inc.’s 120 Broadway, a Beaux Arts-style building two blocks from the New York Stock... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 3rd, 2019

4 properties in Sunnyvale"s Peery Park district sold

A joint venture between Harvest Properties and Invesco Real Estate purchased a quartet of land parcels in Sunnyvale's booming Peery Park district in a $165 million deal that closed Wednesday. The properties — 684 W. Maude, 810 W. Maude, 870 W. M.....»»

Category: topSource: bizjournalsApr 25th, 2019

Related to buy AT&T"s WarnerMedia headquarters for $2.2 billion

Developer Related Companies said on Tuesday one of its affiliates has agreed to buy the global headquarters of AT&T's WarnerMedia in Manhattan for about $2.2 billion, in one of the city's most expensive commercial real estate deals......»»

Category: topSource: reutersApr 24th, 2019

Todd Hitt"s Arlington home has sold. Here"s what it went for.

The Arlington home of real estate developer Todd Hitt — who pleaded guilty in February to eight counts of fraud — has found a buyer, according to court documents. The United States District Court for the Eastern District of Virginia, Alexandr.....»»

Category: topSource: bizjournalsApr 19th, 2019

Scenes from BBJ’s 2019 Real Estate Power Breakfast

The Boston Business Journal on Thursday held its 2019 Power Breakfast on real estate, drawing a sellout crowd of over 200 people to the Ritz-Carlton on Avery Street. Attendees heard about major developments taking place in Boston’s Seaport District,.....»»

Category: topSource: bizjournalsApr 18th, 2019

Jacobs lease, Harley dealership helped downtown real estate market start 2019 strong

The start of 2019 was busy for Milwaukee’s downtown office market as commitments by companies including Jacobs Engineering Group Inc. and a Harley-Davidson dealership helped fill empty building spaces. Milwaukee’s central business district ta.....»»

Category: topSource: bizjournalsApr 18th, 2019

Fashion District Philadelphia signs four "Uniquely Philly" tenants

Pennsylvania Real Estate Investment Trust has signed four local tenants to a special space it calls "Uniquely Philly" at Fashion District Philadelphia, which is scheduled to open this Septemeber.  The 4,647-square-foot space will house a collection.....»»

Category: topSource: bizjournalsApr 15th, 2019

Aurora, Gottlieb welcome Starwood Capital to Meatpacking District tower

Aurora Capital Associates and William Gottlieb Real Estate announced that Starwood Capital Group Holdings, a global private investment firm, sig.....»»

Category: realestateSource: realestateweeklyApr 5th, 2019

Manhattan real estate sales fall for sixth straight quarter — longest losing streak in 30 years

The drop stems from an over-supply of high-end and highly priced apartments, a lack of foreign buyers and the new federal tax law that has hit real estate in high-tax states......»»

Category: realestateSource: cnbcApr 2nd, 2019

Billionaire Ken Griffin"s $238 million apartment boosted average Manhattan real estate prices 10%

Without Ken Griffin's real estate deal, the average sales price in the first quarter would have been $2,006,952, said Jonathan Miller, CEO of appraisal and research firm Miller Samuel......»»

Category: realestateSource: cnbcApr 2nd, 2019

Manhattan real estate sales fall for sixth straight quarter—longest losing streak in 30 years

The drop stems from an over-supply of high-end and highly priced apartments, a lack of foreign buyers and the new federal tax law that has hit real estate in high-tax states......»»

Category: realestateSource: cnbcApr 2nd, 2019