MTA applies lessons from costly first phase of Second Avenue subway

CrainsNewYork.com (Real Estate) 3/13 1:03A Caroline Spivack

The Second Avenue subway extension on Manhattan’s Upper East Side is somewhat infamous as the world’s most expensive subway line — the MTA shelled out $4.5 billion for three Q line stations along 1.8 miles of track it built from 2007 to 2017. Now,...

Extell spends $103M on Lenox Hill site it wants to demolish

CrainsNewYork.com (Real Estate) 3/12 6:45A Eddie Small

Extell Development's purchase of Lenox Hill properties it recently filed plans to demolish hit the city record this week. The real estate firm bought 33-39 E. 60th St. for about $103 million from the Goldman family , which had owned the buildings...

Fashion power couple snaps up Park Avenue co-op from former Goldman Sachs exec

CrainsNewYork.com (Real Estate) 3/10 8:22A C. J. Hughes

Two fashion world insiders have cottoned to the Upper East Side. Writer Derek Blasberg and Skims investor Nick Brown have purchased a four-bedroom co-op on Park Avenue for $8.3 million, according to a tax record that appeared in the city register...

At a Glance: March 10

CrainsNewYork.com (Real Estate) 3/10 12:33A Ethan Geringer-Sameth, Amanda D

CORRECTION: Canaccord Genuity was involved in the placement of only a portion, not all, of the 14 million shares Midtown-based Lucid Diagnostics recently sold. This information was updated in the article , "Midtown company tells investors...

Deals of the Day: March 7

CrainsNewYork.com (Real Estate) 3/7 6:44A Julianne Cuba, C. J. Hughes, Edd

Leases Vornado lands new tenant on Park Avenue Address: 90 Park Ave., Manhattan Landlord: Vornado Realty Trust Tenant: Balbec Capital Lease size: 13,200 square feet Asset type: Office Brokers: CBRE’s Neil King and David Stockel represented the...

Joseph Chetrit resolves foreclosure battle over Upper East Side townhouse

CrainsNewYork.com (Real Estate) 3/6 5:02A C. J. Hughes

As he struggles with debt problems at properties owned by his firm, the Chetrit Group, across the city, developer Joseph Chetrit has been facing off against a lender on the home front as well. In early December Popular Bank dragged the Chetrit...

Wilf family plans four-building demolition on the UES

CrainsNewYork.com (Real Estate) 3/5 8:25A Julianne Cuba

A quartet of Upper East Side buildings owned by the Wilf family is slated for the wrecking ball, records show. Skyline Developers , which was started by Orin Wilf in 1999 and is based in Midtown, filed permits with the Department of Buildings...

Northwell spends big on lobbyists as it seeks Upper East Side expansion

CrainsNewYork.com (Real Estate) 3/5 12:33A Ethan Geringer-Sameth

The state’s largest health care system was also one of the biggest spenders on lobbyists trying to influence city government last year. Northwell Health, a New Hyde Park-based provider network with 21 hospitals and over 800 clinics in the region,...

Mott Haven storage site being marketed as prime candidate for resi conversion

CrainsNewYork.com (Real Estate) 3/4 7:18A Eddie Small

Office-to-residential conversions may be getting most of the attention, but an industrial-to-residential conversion could be on its way to the South Bronx. Little John's Moving has put its longtime location at 120 Bruckner Blvd. in Mott Haven on...

Cuomo wins backers from Blankfein to Langone for mayoral campaign

CrainsNewYork.com (Real Estate) 3/4 6:28A Amanda Gordon, Bloomberg

The groundwork for Andrew Cuomo’s bid for New York City mayor was laid as he made his way through power breakfasts at the Loews Regency, Upper East Side living rooms and the 92nd Street Y. Now, many of the wealthy and powerful in New York are...

Deals of the Day: Feb. 26

CrainsNewYork.com (Real Estate) 2/26 6:06A Julianne Cuba, C. J. Hughes, Edd

Leases Rental car company leases former garage near Co-op City Address: 4075-4077 Boston Road, Bronx Landlord: Gadi Ben Hamo Tenant: Avis Budget Group Lease size: 21,400 square feet Lease length: 20 years Asset type: Retail Brokers: Pinnacle...

Columbia plans to build $1.2B cancer and eye center in Washington Heights

CrainsNewYork.com (Real Estate) 2/25 12:33A Ethan Geringer-Sameth

A major expansion at Columbia University Irving Medical Center is expected to come in over $1 billion, making it one of the most expensive hospital construction projects in the five boroughs in recent years. New York-Presbyterian filed plans with...

Personalized surgery is the next frontier for robotics

CrainsNewYork.com (Real Estate) 2/24 4:03A https://www.crainsnewyork.com/he

Personalized medicine is the wave of the future, a time when treatment plans will be tailored to an individual patient based on their genetic makeup, environment and lifestyle. The burgeoning field is particularly impactful in areas like cancer...

NYU Langone grows East Side cardiac footprint with $10M renovation

CrainsNewYork.com (Real Estate) 2/18 12:33A Ethan Geringer-Sameth

NYU Langone is planning to grow the cardiac care program at its ambulatory site on East 38th Street as it continues to solidify its specialty offerings in the area. The project, which will cost $10.5 million according to a recent filing with the...

Potential Jamie Dimon successor buys $13M home in his Park Avenue co-op

CrainsNewYork.com (Real Estate) 2/7 7:22A C. J. Hughes

The woman possibly next in line to replace JPMorgan Chairman Jamie Dimon now appears to live on his floor. Marianne Lake, a CEO at the country’s largest bank and one of a handful of executives reportedly under consideration to take over when...