Real Estate News from February 2014

  • Heated Preservation Battles, NY Style By Stephanie Fujihashi | February 28, 2014

    New York City’s Landmarks Preservation Commission is the largest municipal preservation agency in the nation—understandable considering the city’s history.

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  • No Sweat: Mayor de Blasio's Meeting with REBNY By Jonathan Tuason | February 27, 2014

    New York City Mayor Bill de Blasio recently met with members of the Real Estate Board of New York in a closed meeting late last week.

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  • Why Doesn’t NYC Have Google Fiber? By Tim Sheehan | February 27, 2014

    Last week, Google identified nine metro areas where the company will explore a possible expansion of its Google Fiber internet and television service. With Google Fiber service in semi-large cities such as Kansas City, Missouri and Austin, Texas, the tech scene wondered what the next move for Google would be. The good news for New Yorkers is that Google is now considering more populated cities, such as San Jose, California (0.98 million) and Phoenix, Arizona (1.48 million). The bad news is that Google still has no plans to bring its blazing fast internet to New York City.

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  • Counting Down the Top NYC Real Estate Tycoons (Part II) By Stephanie Fujihashi | February 26, 2014

    Earlier this week, we introduced numbers 9 through 5 of New York City’s most prominent real estate tycoons, including successful developers such as David Walentas and Donald Trump. In part two of our countdown series, we introduce to you the top 4 individuals who made the list. Who will take the number one spot in being the most lucrative landlord in NYC Real Estate? Continue reading to find out.  

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  • Developments Rising by the High Line By Jonathan Tuason | February 24, 2014

    The Standard Hotel was recently sold for more than $400 million, which works out to approximately $1.2 million per room.  But the hotel, which straddles the High Line, will be joined by new developments that look to the park as a focal point.

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  • Counting Down the Top NYC Real Estate Tycoons (Part I) By Stephanie Fujihashi | February 24, 2014

    While many major American cities are still recovering from the housing market crash of 2008, the New York City real estate market is currently enjoying high levels of success and stability. According to the Real Estate Board of New York (REBNY)’s recently published Fourth Quarter NYC Residential Sales Report, the number of homes sold in the fourth quarter of 2013 saw a 31% increase from the same timespan in 2012.

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  • The Shifting Prices of Manhattan Neighborhoods By Jonathan Tuason | February 20, 2014

    Compared with data from 2012, Manhattan condominium sales over the past six months have shown some interesting changes in the market.  The Financial District, for instance, has witnessed a notable increase from its 2012 median of $841,250, to $1,052,500.

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  • Lanes, Complaints, and Safety on Wheels: Cycling in NYC By Tim Sheehan | February 20, 2014

    Now more than ever, New Yorkers are riding bicycles, in no small part due to the ongoing expansion of bike lanes that transverse the City. But not only are there more riders than ever, cyclists in New York City are following the rules of the road now more than ever, according to a study conducted by William Milczarski and Peter Tuckel, two Hunter College professors.

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  • In the Shadow of As-of-Right Development: New Yorkers Take On Extell By Tim Sheehan | February 20, 2014

    Community Board 5 held a public forum on the impact of the “supertowers” ascending south of Central Park last night, and the public is none too pleased with the rampant development along the 57th Street corridor. Due to demand, the event was relocated to the 500-person Celeste Bartos Forum in the New York Public Library.

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  • Airbnb's Lesson on Supply and Demand By Jonathan Tuason | February 18, 2014

    Earlier this month, the Super Bowl prompted users on Airbnb, a short-term room rental platform, to promote their available spaces with the event in mind, offering more affordable alternatives to hotels.

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