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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

City says brokerage firm ran $20 million illegal hotel scheme

By Sabina Mollot On Monday, the city sued a Manhattan brokerage firm, Metropolitan Property Group, as well as real estate agents and entities currently or formerly associated with Metropolitan, accusing them of running a $20 million illegal s.....»»

Category: realestateSource: realestateweeklyJan 16th, 2019

Federal government shutdown could delay SBA loans, real estate deals

The Sacramento District office of the Small Business Administration is closed due to the federal government shutdown, which may start affecting local real estate deals if the closure goes on much longer. Not considered essential, the SBA is shut do.....»»

Category: topSource: bizjournalsJan 9th, 2019

Industry cheers New Year office leasing numbers

The Manhattan office market was on fire during the final quarter of 2018. The FIRE sector — financial services, insurance and real estate — accounted for one third of the boroughʼs leasing business last quarter, according to a report from .....»»

Category: realestateSource: realestateweeklyJan 9th, 2019

Lincoln Yards plan will scrap 20,000-seat stadium, Live Nation entertainment district

One of the most ambitious real estate projects eve.....»»

Category: topSource: chicagotribuneJan 8th, 2019

Warehouse buyer acquires large South Bronx site

Turnbridge Equities has purchased a large industrial development site in the South Bronx, the latest deal in the recent rush to build and own warehouse space. The Manhattan-based real estate... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 3rd, 2019

The price of a typical Manhattan apartment just fell below $1 million for the first time in 3 years

Real estate in Manhattan has been moving toward a buy.....»»

Category: topSource: businessinsiderJan 3rd, 2019

Manhattan real estate closes 2018 as worst year since the financial crisis

The number of home sales in Manhattan fell 14 percent in 2018, the steepest drop since 2009, according to new data. The median price for an apartment in New York City fell below $1 million for the first time in three years in the fourth quarter......»»

Category: realestateSource: cnbcJan 3rd, 2019

Chicago-area real estate agent charged with running $23M Ponzi scheme

The Justice Department has indicted Kendall County real estate professional Michelle Labra on federal fraud charges for allegedly orchestrating a $23 million Ponzi scheme. According to an indictment returned Thursday in U.S. District Court in Chic.....»»

Category: topSource: bizjournalsDec 21st, 2018

Real estate firm completes $90M purchase of Chelsea building

Savanna, a Midtown Manhattan private equity firm, has wrapped up the purchase of a Chelsea office building for $90 million. The real estate investment manager, led by Christopher Schlank and Nicholas Bienstock, is tapping into its $600 million fund to.....»»

Category: topSource: bizjournalsDec 17th, 2018

Coca-Cola to sell historic midtown Manhattan building

Coca-Cola is planning to sell an iconic piece of its portfolio — on the real estate side. The Coca-Cola Co. (NYSE: KO) said Monday it hired Cushman & Wakefield (NYSE: CWK) to to sell its building at 711 5th Ave. in midtown Manhattan, commonly kn.....»»

Category: topSource: bizjournalsDec 10th, 2018

Manhattan retail asking rents continue to decline

Manhattan’s most popular retail corridors experienced widespread asking rent declines in the fall of 2018. Out of the 17 high-profile corridors that the Real Estate Board of New York (REBNY) surveys bi-annually in its Manhattan Retail Rep.....»»

Category: realestateSource: realestateweeklyDec 4th, 2018

Kushners buying Manhattan hotel in third such deal this year

The family real estate company once run by Jared Kushner is buying a hotel on the Lower East Side of Manhattan, the third hotel it has purchased this year. The Kushner Cos. said Tuesday that it is... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 21st, 2018

Kushners buying Manhattan hotel in third such deal this year

The family real estate company once run by Jared Kushner is buying a hotel on the Lower East Side of Manhattan, the third hotel it has purchased this year......»»

Category: topSource: foxnewsNov 20th, 2018

Developer Ratner funds free MRI brain scans

Free MRI brain scans are being offered in Brooklyn this week through the Manhattan-based Brain Tumor Foundation's mobile unit. Real estate developer Bruce Ratner, who lost his brother to cancer in... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 13th, 2018

Developer pleads guilty to $58M fraud

White Plains real estate developer, Michael D'Alessio, pled guilty today to operating a years-long scheme to defraud investors in his luxury real estate development projects in Manhattan, the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2018

Billionaire sued over Manhattan property deal

Toms Capital LLC and founder Noam Gottesman were sued for $34 million by a real estate investor who claims the billionaire undermined their joint plans to redevelop a Manhattan warehouse to protect... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 1st, 2018

KKR, IGIS, NPS to acquire prime real estate asset in Gangnam Business District

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallOct 10th, 2018

Gangnam style: KKR to invest in office property in southern Seoul

A group of companies led by KKR & Co will invest in an existing real estate project under construction in the Gangnam district of Seoul, South Korea, hoping to cash in on one of the world's fastest-rising commercial property markets......»»

Category: topSource: reutersOct 10th, 2018

Hudson Square development site hits the market

Trinity Real Estate, the real estate arm of Trinity Church, has put a Manhattan development site it owns near the Holland Tunnel on the market.The church, which owns a collection of commercial office... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 3rd, 2018