311 West 43rd Street in Hell’s Kitchen and Billy Macklowe (credit: STUDIO SCRIVO)
Billy Macklowe’s William Macklowe Company and a subsidiary of Iowa-based Principal Financial Group acquired a 14-story office building in Hell’s Kitchen from Atlas Capital Group for $107 million, sources told The Real Deal. (more…)
Artist rendering of Brooklyn’s skyline in 2020 (credit: CityRealty)
People want to live in Brooklyn, and developers are responding in force, with more units slated to come online in the borough in 2016 than in any other U.S. submarket. (more…)
From left: TRD‘s interpretation of Richard LeFrak’s outfit for his “Miami Vice”-themed birthday party, and Aby Rosen’s actual costume (via Instagram)
Richard LeFrak rang in his 70th birthday in style with a surprise dinner and “Miami Vice”-themed bash in the Financial District that drew around 400 friends and family. (more…)
Office leasing slowed in the third quarter, but asking rents continued rising in Manhattan, Cushman & Wakefield figures showed. Total leasing volume was 21.9 million square feet through September, 10 percent lower than 2014’s first nine months. Manhattan’s average asking rent rose 6.6 percent to $71.02 per square foot last quarter, from $66.62 a year ago. (more…)
From left: Nathan Blecharczyk, Joe Gebbia and Brian Chesky
Airbnb secured more than $100 million in its latest round of private equity funding, which recently closed. The round occurred at the same time as the $25.5 billion valuation during the company’s previous funding round this summer.
The popular and controversial home sharing service marketed its solid growth to investors as it sought a fresh influx of capital. Airbnb generated $340 million in revenue in the third fiscal quarter of this year on bookings of $2.2 billion, according to an investor slide presentation. (more…)
Visana at 321 Third Avenue (inset: David Jaffee)
Notorious Airbnb ‘slumlord’ David Jaffee is taking heat from Gramercy residents, with his new lounge on Third Avenue allegedly keeping neighbors up at night by allowing partygoers to clog the sidewalk. (more…)
Clockwise from top left: 101 Central Park West, 140 West 12th Street, 262 Central Park West and 620 Park Avenue
Manhattan’s luxury market exploded during the first half of the month with a whopping 70 contracts signed, the strongest November start since 2006, according to Olshan Realty’s weekly market report. (more…)
Bobbie Sackman with Mayor Bill de Blasio
Seniors are seeing unexpected rent hikes caused by problems in the design of a city program meant to help them stay in their homes, a federal lawsuit claims.
The Rent Freeze Program allows rent-regulated tenants aged 62 or older to lock in their rent. But the program requires residents to renew every two years, leading to a large number being dropped. (more…)
DiedInHouse’s web page
A South Carolina startup unearths murder mysteries that may lurk inside your house. (more…)
Proposed rendering of 661 Driggs Avenue in Williamsburg and a Shake Shack burger
Shake Shack is eyeing a Williamsburg outpost at a two-story building just off Metropolitan Avenue, sources said. (more…)
285 North 6th Street in Williamsburg (inset: Eric Gural)
The Gural family is the latest Manhattan real estate dynasty to expand its Brooklyn and Queens holdings, and it has plans to convert two recently-purchased buildings into office spaces for “creative types.” (more…)
Sky View Parc at 135-10 Roosevelt Avenue in Flushing
New developments pepper Flushing, and demand for residential, office and especially retail properties is rising to unprecedented levels.
Average retail rent in the neighborhood in the first half of 2015 reached $307 per square foot, nearly doubling the 2014 average of $150 per foot, according to CPEX Real Estate. (more…)
57 Willoughby Street in Brooklyn Heights (inset: Helen Keller and Darcy Stacom)
Helen Keller Services for the Blind is looking to sell a 96,000-square-foot Downtown Brooklyn office building that offers nearly 200,000 square feet, The Real Deal has learned. There is no official asking price, but sources said the property could fetch $80 million, or $400 per buildable square foot. (more…)
373 Park Avenue South and Joshua Abram
Shared co-working space provider NeueHouse is opening its first global headquarters near Madison Square Park.
The firm signed a 10-year lease for more than 8,700 square feet at ATCO Properties & Management’s 373 Park Avenue South, located between East 26th and 27th streets. NeueHouse will occupy the entire fifth floor of the 12-story, 102,552-square-foot building. (more…)
