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Category Archives: RE News

President Trump told Michael Cohen to lie to Congress about Trump Tower Moscow timeline: Buzzfeed

The many lies of Michael Cohen: Chapter 142. President Trump told his former personal attorney Michael Cohen to lie to Congress about when negotiations ended on Trump Tower Moscow in order to obscure Trump’s involvement, according to a bombshell news report published Thursday night. Two federal law enforcement officials told Buzzfeed News that Michael Cohen told the office of the special counsel Robert S. Mueller III about the lies after investigators gathered evidence from Trump […]

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National Cheat Sheet: Sears avoids liquidation, warehouse vacancies hit 18-year low, Blackstone plans massive real estate fund … & more

Sears avoids liquidation after board accepts chairman’s auction bid All of the remaining assets of Sears Holdings Corporation have been acquired by chairman Edward Lampert for $5.2 billion, according to various news reports. The board of the bankrupt company accepted Lampert’s auction bid in lieu of competing proposals from liquidators, Bloomberg reported. The decision came after “two days of discussions… to determine whether Sears would be worth more dead or alive,” according to the outlet. […]

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15 Hudson Yards has $800M in contracts: Related Companies

More than two years after launching sales at 15 Hudson Yards, Related Companies said the 285-unit condominium is now more than 60 percent sold — with contracts totaling $800 million. But in a slow market, there’s still a ways to go for the development, which has a total projected sellout of $1.7 billion. On Wednesday, Related showcased the tower’s 40,000-square-foot amenity space, which is spread over the building’s 50th and 51st floors. The lower level […]

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How it can go wrong: The perils of elevator rides in NYC

At least 22 people have been killed in passenger elevators or shafts in New York City since 2010. In that same span of time, there have been more than 500 incidents, 48 of which led to serious injuries, according to the city’s Department of Buildings. The following incidents involve mechanics and passengers, and illustrate the perils of elevator rides in NYC. SUNY Downstate Medical Center Brooklyn — Dec. 25, 2010 Debra Jordan was visiting a […]

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Former HUD secretary buys Boerum Hill carriage house

The former head of U.S Housing and Urban Development snapped up a four-story carriage house in Boerum Hill — nearly a decade after selling another one a block away. Shaun Donovan, who served as HUD secretary under President Obama, and his wife, Liza Gilbert, bought 139 Bond Street for $2.3 million, according to a public filing recorded with the Department of Finance. The sellers were James Crow and his husband, Hector Nieves. Crow, a broker […]

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Knotel expands in Manhattan with a new lease at 61 Broadway

Knotel has locked down a new lease in Lower Manhattan. The flexible office company finalized a 60,323 square-foot lease at RXR’s 61 Broadway, Knotel said in a statement. The lease spans the entire 9th, 10th, 17th and 18th floors of the 33-story tower. CBRE’s Sinclair Li, Dan Wilpon and Evan Fiddle represented Knotel in the deal. Newmark Knight Frank’s Hal Stein, David Malawer, Ben Shapiro and Todd Stracci represented the owner. “This is a strategic […]

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‘Essence’ inks 29K lease for new HQ in Industry City

Essence Communications, the company that owns African-American women’s magazine Essence as well as the music festival of the same name, is moving to a new headquarters in Industry City. The media company has inked a 10-year, 29,000-square foot lease in Building 4 of the complex at 34 35th Street. The company currently operates out of a different building in Industry City, and is expected the move into the new location in the second quarter of […]

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Co-working firm Industrious signs three Manhattan leases

Industrious, the New York-based co-working firm, is expanding its footprint in the city in a move the company has been reluctant to make until now. The firm announced Thursday that it had signed new leases at 325 Hudson Street and 1411 Broadway. A third lease agreement, at 215 Park Avenue South, expands the firm’s current footprint at its Union Square location. At the Hudson Street location, the firm partnered on the lease with Jamestown LP, […]

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Former KKR exec sells Soho condo at a loss

It’s rare to see private equity hotshots take one on the chin, but one former KKR executive appears to have suffered a loss on the sale of his full-floor Soho condo. An LLC that lists Jonathan and Claire Ziegler Smidt as members sold unit 6A at 10 Sullivan Street for about $10.3 million, according to a public record filed with the Department of Finance. The Smidts picked up the 10 Sullivan Street unit in 2016 […]

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Parkoff Organization closes on 6-building multifamily portfolio

The Parkoff Organization has closed on a deal to buy five multifamily buildings in Brooklyn and one in Queens from Morris Weintraub Associates. The deeds for five of the six properties were recorded with the city on Thursday. No transaction has been recorded for the sixth, a 60-unit apartment building at 150 74th Street in Bay Ridge, but Parkoff’s name appears on associated mortgage documents recorded last week. Representatives for Parkoff and Weintraub could not […]

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