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Micro-leasing deals on prebuilt offices raise occupancy at 1 World Trade Center
News 7 hours ago
Micro-leasing deals on prebuilt offices raise occupancy at 1 World Trade Center

One World Trade Center may be best known as home to Condé Nast, which takes up more than a third of the 3 million-square-foot, 1,776-foot-tall...

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Governor pulls in real estate contributions through 'egregious' loophole
News 7 hours ago
Governor pulls in real estate contributions through 'egregious' loophole

Gov. Andrew Cuomo has continued to stuff his campaign coffers with cash from property developers taking advantage of a campaign finance loophole he...

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State Senate approves bill to undo title-insurance reforms. But would Cuomo ever sign it?
News 7 hours ago
State Senate approves bill to undo title-insurance reforms. But would Cuomo ever sign it?

The state Senate passed a bill Tuesday that would block regulatory reforms to the title-insurance industry, but it might have a hard time getting...

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Why you shouldn't worry that NYC foreclosures have spiked
News 7 hours ago
Why you shouldn't worry that NYC foreclosures have spiked

A PropertyShark report this month showed there were 3,306 foreclosure auctions scheduled in 2017, up 58% from the year before to the highest number...

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City financed a record number of affordable-housing units in 2017
News 1 day ago
City financed a record number of affordable-housing units in 2017

The de Blasio administration financed an all-time high 24,356 units of affordable housing last year, the mayor announced today. That number...

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Former Brooklyn bathhouse hits the market for $10.5 million
News 1 day ago
Former Brooklyn bathhouse hits the market for $10.5 million

Greystone Development has put a former bathhouse in Park Slope up for sale with an asking price of $10.5 million. It had converted the stately...

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Investors snap up properties 
as the warehouse market soars
News 1 day ago
Investors snap up properties 
as the warehouse market soars

The brick-and-mortar retail market has taken a huge hit from e-commerce, slashing the value of retail space. Office rents in the city have...

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A failing grade for the city's new 
energy-efficiency scoring system
News 1 day ago
A failing grade for the city's new 
energy-efficiency scoring system

When Mayor Bill de Blasio was called out for taking SUVs on 11-mile jaunts to Brooklyn for his morning workouts, he derided the criticism as “cheap...

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Envisioning a walkable downtown Jamaica
News 1 day ago
Envisioning a walkable downtown Jamaica

Hope Knight took the helm of the development corporation for Jamaica, Queens, in 2015—the same year New York City invested $150 million to help...

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How a contractors group turned around its fortunes
News 1 day ago
How a contractors group turned around its fortunes

To the editor: The article “How CNY Group grew big in NYC” (Nov. 13) claims that to “become more competitive, the company parted ways with the...

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CEO leaves Forest City New York to launch own development firm
News 2 days ago
CEO leaves Forest City New York to launch own development firm

MaryAnne Gilmartin has left Forest City New York and launched her own real estate development and investment firm with two other prominent real...

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For reliable energy, New York should turn to wind and sun
News 2 days ago
For reliable energy, New York should turn to wind and sun

To the editor: I agree with Heather Liebowitz (“Gone with the wind”) in applauding New York’s advances in renewable energy under Gov. Cuomo’s...

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Crain's Q&A: Forecasts from six of the city's commercial real estate experts
News 2 days ago
Crain's Q&A: Forecasts from six of the city's commercial real estate experts

MICHAEL COHEN, president, tristate region, Colliers International The economy is growing. Why aren't rents on the rise?Pricing is driven by the...

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Durst, longtime thorn in side of Hudson River Park Trust, is named to its board
News 2 days ago
Durst, longtime thorn in side of Hudson River Park Trust, is named to its board

Real estate developer Douglas Durst on Friday was named to the board of Hudson River Park Trust, which he has feuded with for years over their...

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Don't demonize standard business practice
News 2 days ago
Don't demonize standard business practice

There is an effort underway to demonize the title-insurance industry in New York. The motive is as murky as the method. This a billion-dollar...

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To deliver on promise of MLK, act now for fair housing
News 2 days ago
To deliver on promise of MLK, act now for fair housing

After the passage of the Civil Rights Act in 1964, Martin Luther King Jr. brought the movement for equality north to tackle the issue of...

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Italian American Museum sells three buildings in bid to expand
News 5 days ago
Italian American Museum sells three buildings in bid to expand

The Italian American Museum has struck a deal to sell three buildings it owns on Grand Street to a development group that will build a bigger...

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Strip clubs are a hot topic at hearing on title insurance
News 5 days ago
Strip clubs are a hot topic at hearing on title insurance

Proposed state regulations take aim at the lavish gifts given by title-insurance firms to real estate professionals who refer them business. The...

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Cahill Gordon & Reindel contemplates HQ move
News 5 days ago
Cahill Gordon & Reindel contemplates HQ move

Law firm Cahill Gordon & Reindel LLP is shopping around for a new headquarters of up to 250,000 square feet, several sources familiar with its...

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Manhattan neighborhood near newest subway line defying rent declines
News 5 days ago
Manhattan neighborhood near newest subway line defying rent declines

Apartment rents are on the decline in almost every Manhattan neighborhood. But in Yorkville, the Upper East Side enclave with a brand-new subway...

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Trump-branded condo tower sues for right to erase his name
News 5 days ago
Trump-branded condo tower sues for right to erase his name

There was a time when brassy letters spelling "Trump" had moneymaking allure. But now the board of a 376-unit luxury condominium tower on Manhattan...

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Ikea leases huge Staten Island warehouse
News 6 days ago
Ikea leases huge Staten Island warehouse

Ikea has leased a substantial warehouse space on the west shore of Staten Island for a new fulfillment center for its growing online ordering...

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La Central developers secure $335 million financing deal
News 6 days ago
La Central developers secure $335 million financing deal

Developers of the nearly 1,000-unit La Central project in the South Bronx announced Thursday they have secured $335 million in financing for two...

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The last picture show looms at Sunshine Cinema
News 6 days ago
The last picture show looms at Sunshine Cinema

The last film screening at Sunshine Cinema will be Jan. 21 as the beloved Lower East Side landmark, originally built to showcase Yiddish theater,...

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Midtown Manhattan is poised to burst with available office space
News 6 days ago
Midtown Manhattan is poised to burst with available office space

Available office space in midtown Manhattan in the fourth quarter remained far below the post-recession high, but that may not last long. As...

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Mortgage interest deduction down but not out
News 6 days ago
Mortgage interest deduction down but not out

Rushing the tax bill through Congress limited the opportunity for debate to prevent unwise changes or implement smart reforms. But by the same...

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Brooklyn housing market cools
News 6 days ago
Brooklyn housing market cools

Brooklyn's juggernaut housing market is slowing down. The median price of a home during the fourth quarter last year was $790,000, according to a...

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Billionaire Ira Rennert sues his lawyer after being hit with $213 million judgment
News 1 week ago
Billionaire Ira Rennert sues his lawyer after being hit with $213 million judgment

Billionaire industrialist Ira Rennert, who was ordered to pay $213 million in fines and penalties two years after a Manhattan federal jury agreed...

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City nixes incentive package for Aetna headquarters move
News 1 week ago
City nixes incentive package for Aetna headquarters move

The de Blasio administration has canceled the $9.6 million incentive package Aetna was offered to move its headquarters from Connecticut to the...

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Cadre raises $250 million from Goldman Sachs private wealth clients
News 1 week ago
Cadre raises $250 million from Goldman Sachs private wealth clients

Cadre, the real estate firm co-founded by Ryan Williams, has received $250 million from Goldman Sachs private wealth clients, an infusion of funds...

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