Hines partners with Welltower to build Upper East Side senior facility
This is the first time a major institutional investor, a global real estate firm and a health care REIT have partnered on an urban senior living center.
Category : Residential
City homeowners get water bill credit as Court of Appeals upholds ruling
New York City homeowners got a win when the New York Court of Appeals upheld the Water Board’s credit issuance. Most owners will get $183 off their bill.
Lee & Associates tapped to lease Promenade Shops at LeFrak City
LeFrak City, the 4,600-unit apartment development, is in the final phase of a six-year, $75 million master plan renovation.
Co-living concept charms another $40M out of eager US investors
New York-based co-living company kicked off the New Year announcing a $40 million Series C funding round led by Norwest Venture Partners. The deal brings Common’s total funding raised to $63.35 million over the past three years. Jeff Crowe, managing partner at Norwest Venture Partners, has also joined Common’s board...
Extell lands $1.1B loan for Central Park Tower, worldʼs tallest apartment building
Central Park Tower, a 1,550 ft. tall architectural landmark located on Billionaires’ Row, will be the tallest residential building in the world.
DONE DEALS: Home improvement
Ignoring the advice of City Connections agent Laki Igrutinovic nearly cost a seller dearly. She wanted her two bedroom co-op at 355 Clinton listed as is — and drew just one offer $24,000 under the asking price. “I advised the seller to renovate the kitchen and properly stage the apartment,”...
Affordable housing advocates promise renewed push in 2018
The campaign officially kicks off January 3, when activists are planning civil disobedience at Cuomo’s State of the State address in Albany.
NEW DEVELOPMENT: Waterline Square tops out, Centurian condos hit the market
* JONATHAN ROSE COMPANIES LLC BUILDING FOR THE COMMON GOOD Jonathan Rose Companies announced the launch of Caesura, a rental property at 280 Ashland Place in the Brooklyn Cultural District. Caesura, situated directly across from the Brooklyn Academy of Music, is named for a pause in the middle of a...
HAVE YOU HEARD: American Choppers star sells New York Spread, Kingdom of Norway buys $10M penthouse
American Choppers star Paul Teutul Sr. is selling his upstate New York spread. Teutul often films Orange County Choppers and American Choppers at the farm in Montgomery, 70 miles outside of Manhattan. The one-of-a-kind retreat sits on 38 bucolic private acres and had a three bedroom log cabin style main...
DONE DEALS: South Williamsburg record
With a closing price of over $1,000 psf, Citi Habitats agent Carolina Gontijo’s recent sale of 391 South 3rd Street was a record-breaker for the South Williamsburg community. Selling for $3,575,000, the unique two-family townhouse with a façade clad in reclaimed brick and lined with oversized warehouse-style windows has a...