New York Real estate

New York REIT Is Selling Viceroy Hotel Two Years After Buying It for $148.5 Million

New York REIT is now selling its leasehold interest in Viceroy Hotel in New York, just two years after acquiring it for $618,000 per key or $148.5 million.

NYC Real Estate: RXR Realty to Create Retail Space at the Starrett-Lehigh Building

RXR Realty reportedly plans to add a 50,000-square-foot retail space at the Starrett-Lehigh Building in Manhattan, New York City.

New York Real Estate Predicted to 'Remain on Solid Ground'

With China's economic slowdown, many investors were triggered to shift their assets to less volatile investments. Apparently, New York's real estate is one of the investment opportunities that they deem as secure and stable.

Irish Property Fair in NY Aims to Attract More US Buyers

The property fair which will be held in the Fitzpatrick Hotel at Grand Central, Manhattan from 5 to 7 in the evening on March 3, will give potential buyers the chance to browse through listings and talk to real estate experts who can help them with offshore investment.

N.Y. Equity Firm New Major Investor In Residential Property Insurer

Wellington Insurance Group, a distribution business based in Texas and specializes in the delivery and administration of residential property insurance welcomes a majority investor in a definitive agreement with Aquiline Capital Partners LLC, a private equity firm based in New York investing in financial services, ifawebnews.com reports

New York City's Hot Real Estate Market Seen to Continue in the Next 12 Months

Would prices go even higher? New York City, one of the best places cities to live in the world and comparable to London when it comes real estate pricing and luxury.

Real Estate Listings: Check NYC Apartments That Can Fit the World's Largest Dinosaur

In New York city, there are elegant apartments that can literally house the world’s largest dinosaur known as the “Titanosaur.”

New York Is Killing Modular Construction

Modular construction was supposed to solve the housing woes of New Yorkers but high rent and expensive overhead are making the business a tough sell.

New York City Seizes 75,000 Square Feet of Beach in Coney Island

New York City, under the administration of Mayor Bill de Blasio, will grab 75,000 square feet of boardwalk property in Coney Island as part of a long-delayed economic development in the area.The eminent domain seizure includes three beachfront properties and two smaller properties located on West 12th and West 23rd, which totals to 75,000 square feet. The city failed to strike a "fair-market" deal with the owners but managed to secure the seizure of a 60,000-square-foot land that once housed the famous "Thunderbolt" wooden roller coaster which was featured in the movie "Annie Hall" but was demolished in 2000. The said plot where the rollercoaster once stood is owned by screenwriter Peter Shaffer.

Commercial Real Estate: Walmart and Macy's Shut Down Stores Nationwide

Two of America's largest retailers have recently announced store closures and lay offs. Walmart is closing 269 stores nationwide, including stores under the Express, Neighborhood Market and Supercenter names. Macy's is also closing 40 stores in the early part of 2016.The said closures are forecasted to create a "domino effect" for malls. Once large stores like Macy's and Sears close, it will be hard for mall owners to replace them, related Davidowitz & Associates Chairman Howard Davidowitz.

Retail Vacancies in Soho on the Rise

Soho, one of New York's largest and trendiest shopping districts, seems to be as busy as ever. During weekends, retail stores along Broadway and West Broadway, are teeming with New Yorkers and tourists but behind the robust activity, numbers reveal that retail vacancies in the neighborhood are on the rise.

New York Real Estate: Top 3 Retirement Communities in NYC

Looking for a good place to spend your retirement years within the US? New York is here to stay. Read on!

New York City Real Estate: Beautiful Townhouses for Less Than $5M

New York real estate has a lot to offer including beautiful yet affordable townhouses ranging from $1.6 million to $4.8 million.

New York's Governor Cuomo Claims $100B Development Plans Will Make Rockefeller 'Jealous'

"The tallest buildings, the longest bridges, the deepest tunnels -- they never said quit. Now, it's our turn my friends," Cuomo challenged New Yorkers. "We must provide the daring and vision for the next generation."

US Treasury Department to Track Anonymous Buyers in Luxury Real Estate

The US Treasury Department has rolled out a program in New York and Miami that will closely monitor all-cash purchases of luxury apartments. The said program requires the identification of anonymous buyers involved in transactions about $3 million. Title insurance companies are now obligated to track down the name of their buyers and submit the information to a database that the Treasury Department will make available to law enforcement.

New York's Governor Cuomo Proposes more than $100B Giant Infrastructure Plans

While his ambitious plans are expected to create 250,000 jobs for New Yorkers, it is still unclear how Cuomo will fund projects.

Cushman & Wakefield Execs Foresee Mixed Signals for New York's Commercial Real Estate Market in 2016

Cushman & Wakefield executives announced a mixed outlook on New York's commercial real estate market in 2016. According to the global firm's executives, the macroeconomic strength is expected to continue driving market fundamentals but they are still uncertain over the fate of the market's current cycle.

Downtown Brooklyn Office Rents Jump by 30%, the Biggest Spike it has Reached in a Decade

According to a recent research conducted by the multinational real estate firm Newmark Grubb Knight Frank, the office asking rents in North Brooklyn rose to a historic high of $51.99 per square foot in last year's fourth quarter.

Communal Living in NYC: Is Co-Living Industry Growing Exponentially Across the Country?

Communal Living seems to be the trend to save rents especially in living in a big city like New York. It appears that the co-living industry has been growing across the country.

Street Midtown Condo In NYC: One Hundred East Fifty Third Condominium Ready to Hit the Market

A new addition to the midtown condominiums in New York City is rising. One Hundred East Fifty Third Street is good to go for its condo market.

Financial Giant Blackstone Group Spends $10B on New York Real Estate

Financial giant Blackstone Group went on a massive shopping spree in 2015, spending a whopping $9.6 billion on New York real estate. The total made the private equity corporation the city's most aggressive property investor last year.