Real Estate News from May 2013

  • Painted Pianos out on the Pavements By Shwetha Ravishankar | May 31, 2013

    Are you New Yorkers wondering what to do this weekend? Well, we know the beach season has begun, but we have the whole summer ahead of us don’t we? So, lets celebrate the return of the Sing for Hope, with a splash of color, on the streets of the Big Apple.

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  • Historical Hindrance in SoHo? By Joel Bennett | May 30, 2013

    Stephane Boivin, head of the development firm Nordica Soho, is in hot water after a series of foul plays in his attempts to develop on two SoHo properties purchased in 2011 and 2012. A private equity fund, Silo Capital, has filed a $5.6m foreclosure lawsuit against the Canadian developer after he used the property at 186 Spring Street (just down the road from Urban Glass House) as collateral to secure a loan, and then proceeded to demolish the building – improperly, according to the firm.

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  • Anthony Weiner’s 60/20/20 Proposal for Housing in New York By Aby Thomas | May 30, 2013

    When Anthony Weiner announced that he was running for New York City Mayor earlier this month, there were many among us who had dismissed him off as not a viable candidate for the position. But the whole city is now sitting up and taking note of the former Congressman after a recent poll of Democratic voters put Weiner only six points behind the current mayoral frontrunner, City Council Speaker Christine Quinn. According to the poll, Weiner enjoyed the support of 19 percent of Democrats for his mayoral run, which isn’t that shoddy when compared to Quinn’s 25 percent.

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  • I Got My Eye On You: NYC Prepares for Another Hurricane Season By Andrew O'Neill | May 29, 2013

    As New Yorkers gear up for summer, their plans usually consist of where to vacation, what family BBQ to attend and what bathing suit to go swimming in.  Unfortunately, New Yorkers, as of the last couple of years, have to make sure they are prepared for a potential hurricane. In addition, Mayor Bloomberg and a variety of city offices have updated building codes and rethought flood zone boundaries, to avoid a repeat of Hurricane Sandy.

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  • Our Top 5 Picks to Cool off in the Big Apple By Shwetha Ravishankar | May 29, 2013

    Photo Courtesy Derick Burleson With temperatures playing seesaw this past week, between rainy, sunny, and muggy days; the weekend seems to be the perfect start to the summer, with temperatures reaching the 90 degree mark. With the weather looking promising, here is a look at our top 5 picks to cool off and quench your summer thirst. 1. Pop Bar in the West Village

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  • Post-Sandy Shorelines Ready for Summer Floods By Joel Bennett | May 28, 2013

    After a dreary Memorial Day weekend marked Summer’s beginning in anticlimactic fashion, New Yorkers still have good reason to celebrate the coming season. Just seven months ago, the city’s most popular staples of the season were ravaged by Hurricane Sandy, and now familiar seafront destinations in Coney Island and Rockaway are open for business. There’s been an unprecedented amount of work that has gone into restoring the beaches in time for the busy season, a task that would never have been completed without community effort.

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  • Facebook Considering Midtown South Move Despite High Rents By Thomas Faddegon | May 24, 2013

    Facebook is currently in negotiations with Vornado Realty Trust to lease 160,000 square feet of office space across two entire floors at 770 Broadway in Midtown South.

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  • Brooklyn Bridge - Bridging Boroughs For 130 Years By Shwetha Ravishankar | May 24, 2013

    The iconic Brooklyn Bridge built over the East River, completed on May 24, 1883, is celebrating its 130th birthday today. Back in the day, New Yorkers woke up to a day of jubilation, as thousands gathered to watch the unveiling of one of the first and longest steel suspension bridges of its time.

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  • Swimming on the Rooftop: Building Amenities for a NYC Summer By Aby Thomas | May 23, 2013

    As summer rolls into New York City, many of us will be feeling an overwhelming need to go out for a swim several times in the coming few months. Having said that, most of us will probably not act on that want—after all, it’s a rather long trek to get to New York City’s beaches, be it Coney Island or Rockaway Beach. In such a scenario, maybe you’d like to consider moving into an apartment building that has a swimming pool as an amenity.

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  • Memorial Day, The New Yorker Way By Rafael Paredes | May 22, 2013

    (Image courtesy of Michael Jurick) What better way is there to enjoy Memorial Day weekend other than New York style?

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