Realty News

Bulgari Moves HQ from 625 Madison Avenue to 555 Madison Avenue

Bulgari is now moving office from its corporate campus at 625 Madison Avenue to further down the street.

Housing Crisis Solutions: Earn £500 for Spotting Derelict Properties

Many of the property developers are finding ways to spot derelict properties due to a chronic shortage of housing.

Reality Check for ‘Unrealistic’ Luxury Sellers

The new Treasury LLC disclosure ruling has threatened to slow down the progress of the high-end real estate market.

Only 200 Houses Built on Public Land with 100,000 Capacity

Regardless of selling enough for more than 100,000 properties, Whitehall only has proof for the construction of 200 new houses on public land sold off during the past five years.

Federal Reserve Keeps Same Interest Rates to Monitor Global Markets

The Federal Reserve is keeping interest rates unchanged, a move which will likely put a smile on the face of real estate players.

Barclays Predicts 'Turbulence Ahead’ for Real Estate Investment Trusts This Year

It is predicted by Barclays that the year 2016 has “turbulence ahead” for U.S. real estate investment trusts.

A New Regional Treatment Facility by NSHC in the Bering Strait Region is Now in Its Final Design Stage

The initial design drawings for the center have been done a couple of years ago by Bettisworth North, and they are currently in the last phase of the design.

Summerly Home Designs Get the Endorsement of Lake Elsinore Planning Commission

In a vote of 5-0, the Commissioners voted for the recommendation of the City Council to approve the plans of Van Daele Development for 65 homes, as well as the Sea Country Homes' project of constructing 53 homes.

Frank Stella’s Former East Village Home in the Market for $22M

The former East Village longtime home and workplace of artist Frank Stella was purchased by investor Arthur Minerof’s Milan Associates for $22 million.

Brooklyn Family Court Sees Forest City’s 1 Pierrepont as New Space

With the policy of the Cuomo administration to transfer minors from the state prison system, the Brooklyn Family Court is on the lookout for a new space.

Record-Breaking Amount of Scaffolding Covers the Sidewalks of New York City

Enormous amount of scaffolding is now covering the sidewalks of New York City. It is becoming an eyesore that aside from covering the beauty of building façades, it is causing pedestrian traffic jams.

Starbucks to Close Teavana Teabar in Beverly Hills, New York City

Starbucks is now closing the Teavana, its tiny chain of standalone tea bars 27 months after opening the first of the five tea outlets.

Donald Trump’s Luxury Buildings are Not Appreciating So Well

If only Donald Trump’s units in his several buildings were appreciating so well, he will be worth so much more money.

Chetrit Group, Cornell Realty Dissolve Partnership; Developers Split Retail Portfolio on 34th Street

After years of working on the 34th Street, the Chetrit Group and Cornell Realty are now ready to split their retail portfolio as they part ways.

Plaza Hotel is Underperforming with Low Condo Demands

The ostentatious Plaza Hotel is underperforming compared to the ultra-deluxe high-rise buildings on nearby “Billionaires’ Row.”

Company Developing Elon Musk’s Hyperloop Files for Construction Permit in California

Passengers can now travel near the speed of sound in the next two years, according to the company developing Elon Musk's Hyperloop concept.

Artist Dorothea Rockburne's Murals in Former Sony Building at Risk amid Property's Condo Conversion

Famous artist Dorothea Rockburne is worried about her artworks that could be soon trashed. The former Sony Building where her two famed murals are displayed is going to be converted into luxury condos.

LXP Now in the New York Stock Exchange

The trust was established in 2015. It is 100 percent net leased for a 20-year term to FCA US LLC, a world-renowned automaker.

Victoria’s Secret’s Lais Ribeiro Purchases a Condo Designed by Karl Fishcer

Lais Ribeiro has just purchased a Karl Fischer-designed condo at 165 W. 18th St. in Chelsea. The 1,279-square-foot two-bedroom and two-bathroom condo has an asking price of $2.49 million.

Barclay-Rex to Open New Private Club, Store and Apartments in the Financial District

Many of the businesses that are based in Manhattan are struggling to reinvent themselves by adding private clubs to attract a younger generation.

Billy Macklowe Markets the Majority Stake at 156 William Street to LaSalle for $55M

Billy Macklowe’s majority stake of his 12-story office building at 156 William Street was sold to a Chicago-based LaSalle Investment Management for $55 million last Dec. 31.