Real Estate News from June 2014

  • One Vanderbilt Kicks off Midtown East Overhaul By Jonathan Tuason | June 27, 2014

    While many businesses are ducking out of New York, TD Bank is planning a move to Midtown right across from Grand Central, specifically to brand new digs in 1 Vanderbilt, where it will likely be be the anchor tenant.

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  • Where Does New York City Rank in the Global Marketplace? By Lara Milbauer | June 27, 2014

    New York City is one of the most extravagant cities in the world and a highly desirable place to live. Though over 8 Million people are able to live in the city, it is still quite a pricey lifestyle to maintain. When compared to other major cities around the world, however, New York City happens to be a bargain.

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  • 15 CPW Imitations Continue to Appear throughout NYC By Lara Milbauer | June 25, 2014

    Located at 15 Central Park West, the 2007 building put up by the Zeckendorf brothers, and designed by Robert A.M. Stern, has been inspiring developers all over the city to imitate the looks of Stern’s work. Because of this building’s success, there are three more currently in development, all designed by Robert A.M. Stern. One of the imitation buildings, located at 30 Park Place, was developed by Larry Silverstein.

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  • Sony Sells Midtown Tower for $1.1 Billion - Set For Residential Conversion By Samantha Brown | June 25, 2014

    Due to consistent losses and increased competition, Sony just sold its US headquarters at 550 Madison Avenue to Chetrit Group. Although the details have not yet been finalized, the Chetrit Group is planning on converting the upper portion of the 37 story building into a total of 96 condominiums.

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  • Mayor De Blasio Prioritizes Affordable Housing over Midtown Rezoning By Lara Milbauer | June 24, 2014

    As Mayor De Blasio reaches his six-month mark in the office, people are wondering what upcoming changes they can expect to see throughout NYC. Although it may seem like improvements have yet to be made, De Blasio’s plans have been given the thumbs up and are currently in development. During his time in the office, Mayor Bloomberg was adamant on the idea of rezoning all of Midtown. Unfortunately, his plans were not able to get accomplished. As current Mayor, De Blasio has instead put his emphasis on rezoning residential areas in outer neighborhoods.

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  • LIC Hotels Continue Forward Despite Airbnb Growth By Jonathan Tuason | June 23, 2014

    As has been noted before, Queens is in the midst of a hotel boom, particularly around Long Island City - in the first quarter of the year, 500 rooms opened up, whereas Brooklyn, despite its mainstream popularity on the world stage, opened none.

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  • Elegran Exclusives Rank Among Manhattan's Finest By Lara Milbauer | June 23, 2014

    June 23, 2014 -- Manhattan’s housing prices continue to soar, going above and beyond in the city’s most luxurious borough.

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  • Alicia Glen Strikes Delicate Balance as Deputy Mayor By Samantha Brown | June 20, 2014

    As the city’s new deputy mayor for housing and economic development, Alicia Glen certainly has her work cut out for her.

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  • Mayor De Blasio's New Affordable Housing Plan: Smooth Concepts and The Bumpy Road Ahead By Tasha Moore | June 19, 2014

    Courtesy of: nycmayorsoffice/ Flickr  

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  • Brooklyn's Domino Sugar Development a Done Deal By Tasha Moore | June 19, 2014

    After years of fierce negotiations, New York City bureaucrats and Two Trees Management Co. LLC have reached a deal over what to do with Brooklyn's Domino Sugar Refinery locale—the soon-to-be defunct pinnacle of Brooklyn's rapidly diminishing rotting architecture enclave.   

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