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Steiner NYC to Bring New Rental Tower to Downtown Brooklyn

Steiner NYC to Bring New Rental Tower to Downtown Brooklyn

By Veronica Grecu, Associate Editor Brooklyn’s historic residential boundaries are set to expand as a new, amenity-rich apartment building is being prepared for construction at 333 Schermerhorn St. near the intersection of Third and Flatbush avenues. The plan was revealed early [...]…

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Investors and Developers Boost Hospitality Sector in New York City

Investors and Developers Boost Hospitality Sector in New York City

By Veronica Grecu, Associate Editor According to Crain’s New York Business, South Carolina-based OTO Development is set to build a new hotel in midtown Manhattan. The company has reached an agreement with the multi-millionaire Brach family to pay $36 million for [...]…

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Record-breaking Price Tag for One World Trade Center

Record-breaking Price Tag for One World Trade Center

By Veronica Grecu, Associate Editor One World Trade Center, the building designed to bring new life to Ground Zero in New York City, has recently become the world’s most expensive office tower, reports The Wall Street Journal. The new price tag [...]…

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Rudin Management Plans Luxury Condos in Greenwich Village

Rudin Management Plans Luxury Condos in Greenwich Village

By Veronica Grecu, Associate Editor Last week, the New York City Planning Commission approved a redevelopment plan that would transform the former St. Vincent’s Hospital campus at 144 West 12th Street into luxury condos. The initiative, which belongs to local development [...]…

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Residential Developers and Brokers Set their Sights on Brooklyn

Residential Developers and Brokers Set their Sights on Brooklyn

By Veronica Grecu, Associate Editor Citing a recent report by real estate consultant Nancy Packes, The Wall Street Journal reveals that developers are eying Brooklyn as a potential real estate mecca. Manhattan is no longer a preferred option for new housing [...]…

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Two New York City Residential Properties Marketed for Less

Two New York City Residential Properties Marketed for Less

By Veronica Grecu, Associate Editor A privately owned student housing facility in the Kensington neighborhood of Brooklyn, is being marketed for sale for $8.3 million by TerraCRG Commercial Realty Group. Better known as University Place, the 51,000-square-foot building was acquired in [...]…

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175 Kent Ave. Sells for $76M; LaGuardia Could Get New Terminal Building

175 Kent Ave. Sells for $76M; LaGuardia Could Get New Terminal Building

By Veronica Grecu, Associate Editor A high-end rental property located at 175 Kent Avenue in Williamsburg, Brooklyn, was sold to Chicago-based Equity Residential for $76 million, reports Crain’s New York Business. The building was completed in 2011 by the Chetrit Group [...]…

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Manhattan is Home to Yahoo! News Studio, Most Expensive Residential Rental

Manhattan is Home to Yahoo! News Studio, Most Expensive Residential Rental

By Veronica Grecu, Associate Editor Yahoo!, the pioneer of Internet search and content development, will have its own studio in Manhattan at the corner of 40th Street and Sixth Avenue, where the company already has office space. The work has already [...]…

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Facebook to Open New Engineering Office in New York

Facebook to Open New Engineering Office in New York

By Veronica Grecu, Associate Editor Facebook, the world’s largest and fastest-growing social networking company, has announced plans to increase its footprint in New York by adding an engineering center in early 2012. The announcement was made recently by Facebook Chief Operating [...]…

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Brooklyn Toren Condos 80 Percent Sold; Human Rights Watch Expands Empire State Building Lease

Brooklyn Toren Condos 80 Percent Sold; Human Rights Watch Expands Empire State Building Lease

By Veronica Grecu, Associate Editor Recent reports issued by BFC Partners and the Corcoran Group reveal that Brooklyn’s iconic new Toren condominium tower is over 80 percent sold. The 37-story building is located at 150 Myrtle Avenue at Flatbush Avenue, right [...]…

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Rehab is On for Penn South, New Baptist Temple

Rehab is On for Penn South, New Baptist Temple

By Veronica Grecu, Associate Editor The American Federation of Labor and Congress of Industrial Organizations Housing Investment Trust (AFL-CIO HIT) will invest $134 million in the rehabilitation of Penn South, a co-op located between 8th and 9th Avenues and East 23rd [...]…

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Courtyard by Marriott Hotel to Replace 83-Year Old Building; Charles Schwab Corp. Expands NYC Footprint

Courtyard by Marriott Hotel to Replace 83-Year Old Building; Charles Schwab Corp. Expands NYC Footprint

By Veronica Grecu, Associate Editor Marriott International will develop a new 168-room Courtyard by Marriott hotel on the northeast corner of 6th Avenue and 35th Street, near Macy’s and New York’s Penn Station. This will be the hotel chain’s seventh Courtyard-branded [...]…

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