Real Estate

Yoel Goldman’s All Year Management investigated by NY attorney general

The Real Deal New York 11/30 1:00A By Keith Larsen
Yoel Goldman’s All Year Management is under investigation by New York Attorney General Letitia James over its use of tenants’ security deposits. The probe is exploring whether All Year Management moved tenant deposits to other entities, according...

Why real estate shoppers are bagging grocery-anchored plazas

The Real Deal New York 11/30 12:30A By Francisco Alvarado
The checkout line for grocery store-anchored shopping centers in South Florida and the U.S. is crowded. Landlords such as Pebb Enterprises’ Ian Weiner are in the midst of a bountiful seller’s market due to significant investor demand for retail...

DDG’s Upper East Side penthouse asks $33M, thanks to zoning loophole

The Real Deal 11/30 12:00A By Orion Jones
High above East 88th Street, a penthouse apartment asking $33 million owes its hefty price tag to a practically worthless parcel just a fraction of its size. The 50th-floor unit sits atop a condominium at 180 East 88th Street built by Joseph...

Government to back home loans over $1M

The Real Deal New York 11/29 11:45A TRD Staff
The federal government wants to help homebuyers live like millionaires, at least in pricey housing markets such as California and New York. In those areas, Fannie Mae and Freddie Mac will begin backing mortgages greater than $1 million, the Wall...

Hyatt to acquire Dream Hotel Group for up to $300M

The Real Deal New York 11/29 10:01A By Holden Walter-Warner
Hyatt has agreed to acquire Sant Singh Chatwal’s Dream Hotel Group for up to $300 million. The deal, which the hotel operator announced Tuesday, includes the Dream Hotels, Chatwal Hotels and Unscripted Hotels brands. The acquisition includes 12...

Developer fires back as Saddle River blocks affordable housing

The Real Deal New York 11/29 9:30A TRD Staff
Eight affordable housing units may not seem like much, but it’s drawing Saddle River and a developer into court next month. Oral arguments in a lawsuit over a 60-unit project proposed for East Allendale Road are set for Dec. 16,

Rockefeller descendants list 54-acre parcel from Greenwich estate

The Real Deal New York 11/29 7:31A TRD Staff
A group of Rockefeller descendants are looking to part with the final piece of a former family estate. The Indian Spring Lake Company, which counts more than 100 of William’s descendants as shareholders, listed a 54-acre parcel of forestland in...

TRD Pro: 7% mortgage rates are not so bad

The Real Deal New York 11/29 6:41A By Joseph Jungermann
The following is an example of one of the hundreds of data sets that will be available on TRD Pro — the one-stop real estate terminal that provides all the data and market information you need. There’s no debate: Mortgage rates have been on a...

U.S. home prices lose more gains in September slowdown

The Real Deal New York 11/29 5:03A By Orion Jones
U.S. home price growth cooled in September, with a key metric down 1 percent in the market’s continued slowdown. Prices remain about 10 percent higher than they were a year ago, according to the S&P CoreLogic Case-Shiller U.S. National Home Price...

Construction worker dies at Upper West Side building

The Real Deal New York 11/29 4:00A TRD Staff
A construction worker died Monday after falling from an Upper West Side building. The incident occurred late Monday morning at 263 West End Avenue, Gothamist reported. A preliminary investigation by the Department of Buildings found the...

Macy’s converts 1M sf to fulfillment space

The Real Deal New York 11/29 2:51A TRD Staff
Macy’s is converting 1 million square feet into fulfillment space as it gears up for holiday orders. The retailer is planning semi-automated distribution centers across 35 of its stores, Bisnow reported. Chief financial officer Adrian Mitchell...

Russo’s complex is latest warehouse project facing blowback

The Real Deal New York 11/29 1:45A TRD Staff
If only all of their online orders could be delivered by a white-bearded elf and flying reindeer. Truck-averse New Jerseyans are trying to stop Russo Development from building a giant warehouse complex in the Mullica Hill section of Harrison...

Madison Realty’s pickup of Williamsburg hotel site tops midsize i-sales

The Real Deal New York 11/29 1:00A By Pat Ralph
Thanksgiving didn’t stop New York City dealmakers from completing mid-market investment sales. Four transactions involving commercial properties valued between $10 million and $40 million hit city records last week. All four were in the outer...

Bill would expose Council members’ rent-stabilized status

The Real Deal New York 11/29 12:00A By Suzannah Cavanaugh
A new City Council bill would offer a window into the living arrangements of the chamber’s members, revealing which of them benefit from regulated rents. The legislation, proposed by Council member Robert Holden and referred to the Committee on...

Meyer Orbach, Josh Gotlib close on $850M of Solow apartments

The Real Deal New York 11/28 10:12A By Rich Bockmann
Meyer Orbach and Josh Gotlib closed on another $850 million of apartment buildings developed by the late Sheldon Solow. The investors’ joint venture GO Partners finalized its purchase of three rental towers — One Sutton Place North, Two Sutton...
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