AvatarLaurence RobertsAvatarAvatar13 hours agoLandlords who housed Harry Winston, Versace sue NYC over inflated property taxes after big-name retailers moved outNew York Post - Steve CuozzoFour major retail landlords are suing the city to lower their property taxes, which they say are unfairly based on their pre-pandemic rents. According …
AvatarLaurence RobertsAvatarAvatar20 hours agoThey Rattled the Neighbors Building Their $85 Million Dream House. Now, It’s for Sale.The Wall Street Journal. - Katherine ClarkeFor years, neighbors complained about the noise generated by construction of a Manhattan megamansion for a wealthy overseas couple. Now work is nearing completion, but it seems like the owners may never live in their Upper West Side home.
AvatarLaurence RobertsAvatarAvatar1 day agoNew York City Deals Blow to LandlordsNewsweek - Suzanne BlakeSome New York City landlords will be affected by the city's Rent Stabilization Law for another three years after Mayor Eric Adams extended the …
AvatarLaurence RobertsFlipboardIcon version of the Flipboard logo2 days agoEXCLUSIVE: What are the pros and cons of ‘good cause’ eviction?fingerlakes1.com - Edwin VieraAs New York housing advocates demand state lawmakers pass a bill to keep landlords from evicting renters without “good cause,” a new report cautioned …
AvatarLaurence RobertsAvatarAvatar2 days agoI toured Google's new $2.1 billion office in NYC. Here are the 15 coolest things I saw.verified_publisherBusiness Insider - Madeline ParkGoogle welcomed employees to its brand new $2.1 billion office in February in the Hudson Square neighborhood of New York City. Called St. John's Terminal, the building is 12 stories high and was built on top of a rail terminal from the 1930s. My friend, who works at Google, invited me to check out …
AvatarLaurence RobertsAvatarAvatar3 days agoThe Office Market Is in Turmoil. So Why Are Rents More Expensive?The Wall Street Journal. - Peter GrantU.S. office markets are suffering from soaring vacancy rates, a record amount of available sublease space, and rising defaults. But curiously, office rents are holding steady or even climbing. Average U.S. asking office rents are $35.24 a square foot, compared with $34.92 in the fourth quarter of …
AvatarLaurence RobertsFlipboardIcon version of the Flipboard logo3 days agoRabsky Group buying bankrupt Crown Heights redevelopment for $19Mtherealdeal.com - Rich BockmannProlific Brooklyn developer Simon Dushinsky is snapping up a multifamily redevelopment in Crown Heights that has been financially troubled for years. …
AvatarLaurence RobertsFlipboardIcon version of the Flipboard logo4 days agoREBNY says its 421a proposal is a final offertherealdeal.com - Kathryn BrenzelThe fate of a property tax incentive hinges on the real estate industry and construction unions agreeing on wage requirements. But they have yet to …
AvatarLaurence RobertsAvatarAvatar4 days agoExclusive | Why Do Superrich Buyers Want to Live Inside This New York Parking Garage?The Wall Street Journal.On a tree-lined block in Manhattan’s West Village, a midrise brick garage is a throwback to the area’s industrial past: broken windows, battered roll-up doors and four stories of cars parked bumper to bumper. On a recent sunny morning, a woman searched for her dinged-up motorcycle amid the …
AvatarLaurence RobertsAvatarAvatar5 days agoThe Hotel Guest Who Wouldn’t Leaveverified_publisherThe New York Times - Matthew HaagOn a June afternoon in 2018, a man named Mickey Barreto checked into the New Yorker Hotel. He was assigned Room 2565, a double-bed accommodation with a view of Midtown Manhattan almost entirely obscured by an exterior wall. For a one-night stay, he paid $200.57. But he did not check out the next …
AvatarLaurence RobertsAvatarAvatar6 days agoAman New York Condo With Central Park View Listed at $40 Millionverified_publisherBloomberg - By Jennifer EpsteinA condo at the swanky Aman New York is getting a public listing at $40 million — a 16% markup from its 2022 purchase price — testing buyers’ …
AvatarLaurence RobertsFlipboardIcon version of the Flipboard logoNew York casino plans prompt "identity crisis between Dubai and Las Vegas" in Dezeen Debatedezeen.com - Saudatu BahThe latest edition of our Dezeen Debate newsletter features plans to expand Hudson Yards in New York City. Subscribe to Dezeen Debate now. Development …