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Preview: NY Post: Real Estate

Real Estate | New York Post

Your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.

Last Build Date: Tue, 23 Jan 2018 15:36:57 +0000


Five-building complex in Brooklyn to get $80M makeoverAX161_61E5_9

Mon, 22 Jan 2018 22:17:34 -0500

The Watchtower is gone, Panorama is coming — and New Yorkers will soon see the first hints of a new, public-friendly commercial complex at what was once the Jehovah’s Witnesses headquarters. Panorama is the name for the five-building complex purchased for $340 million in 2016 by Columbia Heights Associates, a joint venture of CIM Group,...

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John Mellencamp picks up Soho loft for $2.3Mjohn-mellencamp

Mon, 22 Jan 2018 13:51:05 -0500

The layout features an open kitchen, living and dining area, home office and large work studio.

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This is how to live in a castle without paying rentDOUNIAMAG-BRAZIL-ART-SAND CASTLE

Sun, 21 Jan 2018 14:01:44 -0500

A Brazilian man has managed to avoid paying a penny in rent for over two decades — by living in a giant sandcastle of Rio de Janerio’s pristine beaches. Barmy “sand king” Marcio Mizael Matolias, 44, has spent 22 years living in a series of awe-inspiring sculptures on one Barra da Tijuca beach. He even...

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This NYC block is famed for crime, sex and tragedy011618FeaturesRiversideDrBZ1.JPG

Sun, 21 Jan 2018 13:22:45 -0500

Along Riverside Drive, between 105th and 106th streets, stands a distinguished line of Beaux Arts-style mansions known as the Seven Beauties. When numbers 330 through 337 were built at the turn of the 20th century, millionaires were drawn to what was touted as the next Fifth Avenue. The mansions, now worth between $5.5 million and...

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‘Seinfeld’ Hamptons house suffers price shrinkage

Fri, 19 Jan 2018 13:17:16 -0500

In “The Hamptons” episode of “Seinfeld,” George Costanza (Jason Alexander) has a famed “shrinkage” incident after spending time in a cold swimming pool. Well, the East End home where that episode was filmed has had a shrinkage incident of its own. The property at 45 Whalers Lane in Amagansett has sold for $5.72 million —...

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From travel perks to nap pods, what millennials want at work706522177

Thu, 18 Jan 2018 16:22:09 -0500

Ninety-six percent of professionals don’t care about the corner office, according to a new study from LinkedIn about success and what motivates today’s workforce. With half a billion professionals on LinkedIn, the new study takes a closer look at why people are “in it.” So what is driving today’s professionals? And how are leading companies...

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New York City’s fanciest offices are absolutely jaw-droppingSpector_MBooth4.jpg

Thu, 18 Jan 2018 16:20:18 -0500

Remember that episode of “Mad Men” when Joan complains about people walking through her office as a shortcut? These days, Joan probably wouldn’t have her own office — and even Don Draper would have to share a cubicle. Workplace design has been shifting toward open-plan layouts for years, with increasing emphasis on communal space and...

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Demand for New York City warehouses is surging130 Docks Corner Rd South Brunswick, NJ A Prologis building

Thu, 18 Jan 2018 15:06:10 -0500

As online shopping has boomed, the industrial warehouses needed to store all the stuff people are ordering have become the darling of the asset classes. According to CBRE, $1 billion in e-commerce sales causes 1.25 million square feet of absorption of industrial and logistics space. Industrial rental rates are near record levels, while there is...

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Offices woo tenants with snazzy lobbies and hotel-like amenitiesNomad_Entry_Final.jpg

Thu, 18 Jan 2018 15:01:54 -0500

Those looking to lease office space have so many choices that building owners are rolling out red carpets to woo them. “Rents aren’t going to go up, and the rent concessions aren’t getting smaller,” says Peter Sabesan, managing principal of Cresa. “Concessions are juicier for the tenants as the landlords are giving more free rent...

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New Yorkers go bonkers for ‘boutique’ design-savvy offices300 Lafayett COOKFOX Architects1.JPG

Thu, 18 Jan 2018 14:51:48 -0500

Bite-sized office projects are booming. They can rise on small plots, don’t need big loans and boast curb appeal for tenants that want high-tech, classy and glassy homes. NYC’s new crop of boutique buildings are typically no more than 150,000 square feet of new construction or gut-renovated space. Major architecture firms are tapped to design,...

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Nike sued for its ‘rowdy’ SoHo store031117NikeShoe_gnm002.jpg

Thu, 18 Jan 2018 14:45:32 -0500

Just stop it. A swishy Soho condo where “Real Housewife” Bethenny Frankel owns a $4.2 million loft is suing its neighbor Nike over promotional events that draw rowdy — and sometimes violent — crowds. The board of 22 Mercer St. wants $3 million for the headaches associated with the sneaker mecca’s product launches. The Nike...

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New hotels, rising rents plague Manhattan’s fur district010918FurDist29TB

Thu, 18 Jan 2018 14:43:38 -0500

If Santa slipped a sable under your tree this year, he probably picked it up in Manhattan’s fur district, a neighborhood on Manhattan’s West Side filled with old-school fur retailers, manufacturers and wholesalers. But come next year, St. Nick may have to start shopping elsewhere, as the once-seedy factory zone — now a delightful hodgepodge...

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Diana Ross’ childhood home on the market for $132Kdiana-ross

Thu, 18 Jan 2018 14:03:30 -0500

The Detroit property measures 2,112 square feet and has four bedrooms and 2.5 baths.

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Startups want prebuilt offices and shorter leasesS100_236FifthAveFlr08_2017-12-24.jpg

Thu, 18 Jan 2018 13:02:19 -0500

Having the flexibility of shorter leases for smaller spaces and a voice in the design of prebuilts have become important to tenants, especially for the new companies that are in a growth mode. Since most tenants don’t have either departments or an executive focused on real estate, they prefer that building operators construct the spaces....

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The businesses brought to life by the new Second Ave. subwayshutterstock_577810963

Thu, 18 Jan 2018 12:20:38 -0500

The opening last January of the Second Avenue subway brought to life what for years had seemed like an urban legend. Getting there wasn’t pretty, though. The project turned Second Avenue between East 72nd and 96th streets into a construction site for more than half a decade, with, according to numbers from the Manhattan Chamber...

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Celebrate New York real estate’s best and brightestREBNY_Leibowitz_092.JPG

Thu, 18 Jan 2018 12:15:03 -0500

When the Real Estate Board of New York talks, politicians listen — because the organization provides thoughtful advice on policies that affect all the city’s residents. The oldest and most influential trade association in the city represents a who’s who of landowners, building investors and owners, and real estate executives and service professionals who work...

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There’s never been a better time to open retail stores in NYCShoppers outside a Target store in Herald Square in New York on its grand opening day, Friday, October 20, 2017. The 43,000 square-foot store is Target's 55th small format store. The retail giant is current embarking on a three-year, $7 billion investment

Thu, 18 Jan 2018 12:09:11 -0500

Retailers from China and Korea, Germany, the Netherlands and Latin America are scouring city streets for deals they could have only dreamed of in the past. Additionally, Italian and Aussie fashion companies that tested out the market with pop-ups (and liked it) now want a more permanent piece of New York’s retail pie. “There are...

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Foreign investors are still snatching up NYC real estateOVA Design 42nd Street Zoom Restuarant Nite.JPG

Thu, 18 Jan 2018 11:57:34 -0500

While foreign investors are spending plenty of bucks in the Big Apple, they are not as aggressive as they were a year or two ago. Despite money moving into city assets, New York’s reign as the top global destination targeted by foreign investment has ended as cheaper London rose to the No. 1 spot. Meanwhile,...

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