Casino investor lists Upper East Side townhouse for about $13M

CrainsNewYork.com (Banking) 11/5 7:32A C. J. Hughes

A casino investor is betting that a buyer will take an Upper East Side townhouse off his hands amid some financial setbacks. Jason Ader, CEO of the hedge fund Spring Owl Technology Partners, which is tied to a bankruptcy case over a collapsed...

Prolific developer adding small Williamsburg resi project to growing portfolio

CrainsNewYork.com (Politics) 11/4 11:33P Julianne Cuba

A Brooklyn developer with projects on both sides of the East River has now filed plans for one in Williamsburg. Cheskel Schwimmer of the real estate firm Chess Builders submitted permits last week to the Department of Buildings to erect a 6-story...

Three strong weeks of luxury sales could undercut claims of “Mamdani effect”

CrainsNewYork.com (Nonprofits) 11/3 8:27A C. J. Hughes

What Mamdani effect? Despite pronouncements that the possibility of the election of mayoral frontrunner and democratic socialist Zohran Mamdani has sent New York’s elite fleeing to other pastures , the opposite may in fact be happening. Last...

‘Shark Tank’ star scoops up new Fifth Avenue penthouse for $16M

CrainsNewYork.com (Banking) 10/28 11:33P Julianne Cuba

Residential realty mogul and television personality Barbara Corcoran has traded in her old digs for a new, pricier pad, records show. The founder of Corcoran Group and a celebrity investor on ABC's Shark Tank has dropped $16 million on a...

Nonprofit merger creates new $15M cancer research institute

CrainsNewYork.com (Banking) 10/28 11:33P Ethan Geringer-Sameth

A new oncology research institute focused on the relationship between cancer and the aging body has launched out of the pending merger of two major nonprofit players in the field. The Midtown-based Mark Foundation for Cancer Research is acquiring...

Miami firm buys shuttered Long Island City hotel property for $13.9 million

CrainsNewYork.com (Banking) 10/27 11:33P Eddie Small

A Miami-based investment firm known for buying troubled properties in the city has acquired the site of a shuttered Long Island City hotel. Rialto Capital Advisors recently purchased 29-11 39th Ave. in the Queens neighborhood for about $13.9...

West Village townhouse trade helps pace strong week for luxury sales

CrainsNewYork.com (Politics) 10/27 7:25A C. J. Hughes

High-end properties seem to be enjoying a hot streak. Buyers last week snapped up 31 Manhattan homes listed at $4 million and above, one more deal than the previous week, according to Olshan Realty’s latest round-up of luxury condo, co-op and...

Manhattan luxury home sales maintain momentum with back-to-back strong weeks

CrainsNewYork.com (Labor Unions) 10/27 7:25A C. J. Hughes

High-end properties seem to be enjoying a hot streak. Buyers last week snapped up 31 Manhattan homes listed at $4 million and above, one more deal than the previous week, according to Olshan Realty’s latest round-up of luxury condo, co-op and...

Manhattan developer parts with two Park Slope lots as it plans new projects nearby

CrainsNewYork.com (Politics) 10/27 7:10A Julianne Cuba

In an apparent pivot from its recent spate of acquisitions and new projects, Manhattan-based real estate firm Avdoo & Partners Development has parted with a pair of Park Slope lots. Shlomi Avdoo, founder and CEO of his namesake company, signed...

Once-struggling 28 Liberty secures $900M refinancing as vacancy drops to 8%

CrainsNewYork.com (Banking) 10/23 9:03A Aaron Elstein

Four years ago 28 Liberty St. was bleeding after a large tenant, the law firm Milbank, decamped uptown to Hudson Yards. The vacancy rate at the 2 million-square-foot tower that used to be called Chase Manhattan Plaza approached 15% – high for a...

Chinese billionaire businesswoman buys $63M UES site for luxury condo development

CrainsNewYork.com (Banking) 10/22 7:23A Julianne Cuba

Chinese property tycoon Zhang Xin has paid $63 million in cash for five Upper East Side buildings that she plans to demolish for a luxury condominium project, marking her first ground-up residential development in Manhattan. Xin, a billionaire...

Snapple heir sells uptown co-op to menswear executive and playwright

CrainsNewYork.com (Transportation) 10/20 8:19A C. J. Hughes

A menswear executive and playwright power couple has snapped up a Central Park apartment from a Snapple heir. Douglas Raicek, a principal of Peerless Clothing, and his wife, Lila, who has penned modern takes on works by Henrick Ibsen and William...

Race to succeed Nadler gets another high-profile candidate

CrainsNewYork.com (Nonprofits) 10/20 5:25A Nick Garber

Manhattan Assemblyman Alex Bores will run for Congress to succeed the retiring Jerry Nadler, becoming the third major candidate to announce a bid for the high-profile seat. Bores, 34, has represented parts of Midtown and the Upper East Side in...

Coney Island firm plans 20-story luxury residential tower in Lenox Hill

CrainsNewYork.com (Banking) 10/17 7:17A Julianne Cuba

Coney Island-based real estate firm Rybak Development is planning to demolish a low-rise Lenox Hill building, formerly home to a religious nonprofit, and put up a 20-story luxury apartment complex in its place. Sergey Rybak, founder and principal...

Medicare costs in New York among highest in U.S. while outcomes lag

CrainsNewYork.com (Politics) 10/15 11:33P Amanda D Ambrosio

New York ranked 35th nationally for Medicare health care quality, reflecting higher costs and worse health outcomes, new data shows. The Medicare program paid an average of $12,606 for each New York enrollee in 2023, the sixth most expensive...