“Overdue” earthquake has New York engineers on alert
By Liana Grey Over a hundred years ago, a magnitude 5.1 earthquake struck where JFK stands today. The tremor lasted no more than several seconds, but … Continued
Category : Featured
Anbau Enterprises buys stalled Chelsea site for $23.4 million
By Roland LiAnbau Enterprises has purchased a development site at 39-41 West 23rd Street for $23.4 million, according to city records. The 6,605 s/f lot has 41 feet of frontage of West 23rd Street and 19 feet of frontage on West 24th Street, along with 90,000 buildable s/f. It closed for around $260 per buildable s/f. Officials at Anbau weren't immediately available for comment, and its plans for the site aren't immediately clear, but it has a history of residential conversions and new developments.
Marc Holiday’s $24.8 million leads REIT CEO compensation
Marc Holliday, SL Green The average compensation for CEOs of top real estate investment trusts increased by 83.6% in 2010, outpacing the sector’s total shareholder … Continued
Retail rainmakers bag top REBNY awards
The retail transactions that brought Filene’s Basement and Syms to Fifth Avenue at 44th Street and Fairway to East 86th Street took home the coveted top honors as the Real Estate Board of New York (REBNY) presented its 2010 Retail Deal of the Year Awards. The annual prizes recognize the city’s most creative and significant retail deals. Robin Abrams and Howard Dolch of The Lansco Corporation won the Most Creative Retail Deal of the Year for the Filene's deal.
Vilcek Foundation buys Upper East Side townhouse for $15.5 million
By Roland LiThe Vilcek Foundation, which promotes awareness of U.S. immigrants in the sciences, arts and culture, has purchased 21 East 70th Street for $15.5 million, according to city records. Officials at Vilcek declined to comment. The Foundation is currently located at 167 East 73rd Street, a building it purchased for $6.9 million in 2006, according to city records.
A calm arrival in Park Slope
By Roslyn Lo In Park Slope, Brooklyn’s renowned historic junction, Arias is ready to inspire a little calm. Famous for its classic brownstones and bohemian … Continued
Jonathan Miller tells it like it is
Jonathan Miller, Miller Samuel By Roland Li With the country still recovering from the worst economic crisis since the Great Depression, and national housing market … Continued
Madoff penthouse owners sell Columbus Circle unit for $20.5 million
By Roland LiPatsy and Alfred Kahn paid $8 million for Bernard Madoff's Upper East Side penthouse in February 2010, undeterred by the home's infamous former owner. Around the same time, they put their five-bedroom, five-bathroom apartment at the Time Warner Center at 25 Columbus Circle on the market for $33.6 million. The price was later decreased to $29.75 million, and then $24.95 million, according to StreetEasy. Now, the property, Unit #62CE, has sold for $20.5 million, according to city records.
Empire State Development head calls for fiscal reforms to spur economy
Congresswoman Carolyn Maloney, Empire State Development’s Kenneth Adams, and Richard Anderson of the NYBC, Photo by Bob Wallace By Roland Li For Kenneth Adams, president, … Continued
French art director Fabien Baron buys West Village townhouse for $9.4 million
By Roland LiFrench art director Fabien Barron, head of Interview magazine and creative director for Calvin Klein, has purchased a townhouse at 55 West 9th Street for $9.4 million, according to city records. The seller was Victor Hazan, an Italian wine writer, who is married to Marcella Hazan, an Italian cooking guru. Hazan bought the property for $1.35 million in 1995. The property was first listed in June 2009 for $11.75 million, before being cut to $10.75 million in December 2009 and $10 million in March 2010.