Now that The Times has christened Williamsburg the new Park Slope, the new parents pushing the artsy 20-something types out of the neighborhood will no doubt be looking to balance their urban desires with bizarre, kid-friendly activities like Baby... MORE»
The Stuy Town labyrinth has yielded yet another mystery On Monday, The Real Deal reported that the long-fabled co-op conversion is on its way, based on a press release by Fitch... MORE»
It is well-known by now that rental incentives have all but disappeared from the city's apartment buildings. But how do you know that the post-Lehman doldrums are really over and the rental market is back to "normal?" When landlords start asking for crazy concessions... MORE»
250 Hudson Street "We're at the end," Dennis Brady, executive managing director of leasing for Jack Resnick & Sons, told The Commercial Observer at the end of December. He was referring to 250 Hudson Street's march to full occupancy. "God willing, in the not-too-distant future, we'll be able to tell you it's 100 percent... MORE»
In his State of the Union address tonight, the president is expected to refocus his national policy agenda on the competing challenges of job creation and the precarious condition of our public finances. Exacerbating the lack of progress in the labor market and in developing concrete plans to address the deficit, last November's election results and the buildup to the next campaign necessitate more visible efforts on both... MORE»
Most streets in the Financial District are a warren of glorified cow paths and back alleys that date back to the Dutch settlement of New Amsterdaam. One of the rare exceptions is Water Street, which once was at the historic water line but was built out with landfill centuries ago. Now the street spans eight lanes and might as well be an expressway cutting off access between the increasingly active neighborhood and its burgeoning waterfront. The Department of City Planning hopes to address some of these problems with a novel solution: tables and... MORE»
It's ashes to ashes for nicotine-addled bookworms and nerds getting their study on at the City University: starting in September, smokers will have to take their cigarettes off campus, the New York Daily News reported. Administrators have implemented a full ban on smoking, effective on all 23 of the university's campus, with no designated smoking... MORE»
545 Madison Avenue If not a strike, it's at least a spare for LCOR at 545 Madison. The glassy Plaza tower has signed Strike Holdings, a commodity trader, for 6,877 square feet, pushing the building past half-full (as The Commercial Observer reported last week). The investment company has taken the entire 15th floor, including a terrace, for five... MORE»
Most of the talk about Walmart opening a store in New York City has focused on outlets at the edges of the outer boroughs or possibly small stores scattered here and there. But what if the big-box retailer opened a store in the heart of... MORE»
Christmas blizzard cost millions for city, MTA [Times, Post] Renting is still cheaper than buying in New York [Real Deal] A Sagaponack farmhouse looking for a home... MORE»
So much for West Village townhouses lagging behind their uptown neighbors. The 24-foot-wide converted carriage house at 40 West 10th Street has finally sold after nearly five years on the market for the stupendous price of $20 million. "It's like you're outside a little palazzo in Tuscany," Brown Harris Steven super-broker Paula Del Nunzio told The Observer back when the 8,500-square-foot home first came on the... MORE»
-- Another buyer at 1140 Fifth Avenue! Last week week a financier moved in and it looks like another money man has followed him. Charles L. Atwood (perhaps the Chicagoan real estate investor and former Harrah's honcho) has bought a two-bedroom apartment on the forth floor for $1.775 million, according to city records.... MORE»
A couple of weeks ago, The Observer got wind that Upper East Side legend Elaine Kaufman's 86th Street co-op was going to be sold. Or was... MORE»
Who was ravishing in red? Who wore a velvet tux? Whose arm was around whom's? Well, REBNY's 115th annual gala was no Golden Globes, but as far as the real estate biz is concerned, it was simply the biggest night of the year. All the big shots were there, at least briefly. (Can you spot Mayor Bloomberg?) Everyone was smiling, especially the award winners. SLIDESHOW: The Best Shots of the Big Shots... MORE»
You can already follow the trail of Crumbs from the tip of the island almost to the top of Central Park. But the cupcake maker could eventually become one of the city's most ubiquitous food chains. "How many locations does Starbucks have?" Newmark Knight Frank's Jeff Roseman, who represents the tenant, asked The Commercial Observer rhetorically. We count 150, according to the company's Web site, and Mr. Roseman said Crumbs could have 50-plus locations in the city.... MORE»
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