Category : Residential

Residential

NEW DEVELOPMENT: Stonehenge tower gets facelift, Hamptons homes unveiled

REW
by REW903
● GRADE Hamptons homes unveiled GRADE has unveiled designs for their latest luxury homes that Bespoke Real Estate is marketing in the Hamptons. The properties include 285, 287, and 289 Parsonage Lane in Sagaponack South as well as 20 and 24 Gin Lane in Southampton. The portfolio of luxury homes...
FeaturedResidential

New AIR apparent in Brooklyn rental race

REW
by REW885
By Dan Orlando The surging luxury market of FiDi has earned plenty of ink over the past year, but just across the Brooklyn Bridge sits the BKLYN AIR, a striking symbol of Brooklyn’s hasty climb up the residential ladder. The 432-foot high property is currently at 70 percent capacity since...
Residential

Neil Binder lawsuit settled

REW
by REW1903
By Dan Orlando Bellmarc co-founder Neil Binder has settled a lawsuit with former partners Larry Friedman and Anthony DeGrotta after they accused him of sexually harassing agents and using the firm as a piggy bank to fund an alleged drug habit. In a statement issued last week, Binder said, “While...
Photo GalleryResidential

Art of Construction at Stella Tower

REW
by REW775
[imagebrowser id=394] JDS Development Group and Property Markets Group, in conjunction with the New York Academy of Art, held a broker party  titled “The Art of Construction” within their new residential conversion project, Stella Tower. The evening featured artwork by Nicolas V. Sanchez, who commissioned dozens of artistic sketches detailing...
Largest rental development in Manhattan is topped out
Construction & DesignResidential

Largest rental development in Manhattan is topped out

REW
by REW930
The Moinian Group topped out of its luxury residential tower, 605 West 42nd Street, last week. Located at the northwest corner of West 42nd Street and 11th Avenue, the 1,174-unit rental building is currently the largest residential rental development in-construction in Manhattan. Once complete, the tower will have a 70,000...
TOWN leases New York’s most expensive rental apartment for $500,000 a month
FeaturedResidential

TOWN leases New York’s most expensive rental apartment for $500,000 a month

REW
by REW830
Therese Bateman and Andres Perea-Garzon of TOWN Fifth Avenue have leased the record breaking $500,000 per month full 39th Floor of The Pierre Hotel from the end of November through the full month of December 2014. In addition, The Getty Suite which was offered for $150,000 per month, was leased by the same tenant.
Corcoran forms global alliance with Euro power player
FeaturedResidential

Corcoran forms global alliance with Euro power player

REW
by REW1017
The Corcoran Group, a leading U.S. residential real estate brokerage firm, has entered into an alliance with John Taylor, one of the world’s premier international luxury real estate companies. The two firms have entered into the alliance to satisfy growing demand from American and international clients seeking unique properties in the United States and abroad. The alliance comes on the heels of Douglas Elliman’s decision in September to partner with the international London-based brokers Knight Frank and as the city’s ultra-luxury market enjoys some of the best returns in the business. Last year, foreigners spent $92.2 billion on American homes.
Real estate industry unanimous in derision of proposed pied a terre tax
Debt & EquityFeaturedResidential

Real estate industry unanimous in derision of proposed pied a terre tax

REW
by REW1138
A year after Bill de Blasio won the mayoral election with a promise of reducing inequality, New York City is caught in a heated debate over the benefits of luxury pied-a-terres. According to their proponents, wealthy pied-a-terre owners literally embody the best of trickle-down economics. To its detractors, pied-a-terres embody the worst of a welfare state for the rich. The long-simmering debate recently took on a degree of urgency when State Senator Brad Hoylman proposed a citywide pied-a-terre tax. But while some economists and public advocates endorsed his proposal, the real estate industry has almost unanimously come out against it.
Residential

HAVE YOU HEARD: French government searching for new digs, Finance icon snags $50M UES townhouse

REW Staff
by REW Staff822
The French government has been searching all over town for new digs for senior officials after selling its Park Avenue Embassy for $70 million. A team from Keller Williams that includes Maura Jarach, Han Huang and Leisa Aras represented the Embassy in the sale of multiple New York City properties...
Blogged down with young clients is just the way Wu likes it
FeaturedResidential

Blogged down with young clients is just the way Wu likes it

REW
by REW3952
By Dan Orlando Allen Wu, a native of Shanghai, is a young gun at Fenwick Keats Real Estate. He has made so much noise already during his brief time with the brokerage that he captured the Stonehenge Summer Broker Challenge this year, an honor that carries a $10,000 reward to...