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Category Archives: RE News

Brookfield’s Staten Island Mall anchor tenant, Sears, is closing up shop

Sears’ well-publicized struggles have reached Staten Island. The famed retailer served as an anchor tenant at the Staten Island Mall for 46 years but will close for good in mid-September, according to the Staten Island Advance. Sears had announced in October that it filed for Chapter 11 bankruptcy and would be closing multiple stores but said at the time that the Staten Island location would stay open. After its acquisition of General Growth Properties, Brookfield […]

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Not a single Manhattan resi property above $10M went into contract last week

Manhattan’s luxury market once again saw only nine contracts signed last week, this time for a total of $51.25 million. That continued the drastic slowdown from last week, which followed 10 straight weeks of 20 or more sales, according to Olshan Realty. The contracts signed at $4 million or above were again split between seven condominiums and two co-ops. Sales were the same as the week before, while dollar volume dropped slightly from about $53.9 […]

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Con Ed still searching for answers in Manhattan blackout

The cause of Saturday’s Manhattan blackout is still up in the air. Engineers examined power equipment on Sunday to figure out what sparked the massive blackout, with Con Edison focusing mainly on a transmission substation in Midtown that was de-energized on Saturday night prior to the power outage, according to the Wall Street Journal. It will likely take several days to determine the cause, but officials have ruled out a cyber attack, a terrorist attack […]

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These are the most notable luxe residential sales around NYC this week

Some pretty luxe residential deals have popped up in New York City’s property records over the past couple of weeks, as buyers looked to save some money ahead of the July 1 imposition of new mansion and transfer taxes. One Real Housewife sold her long-time home for $4 million. After sitting on the market for four years, a penthouse at 1110 Park Avenue finally sold, albeit it at a 50 percent discount. And developer William […]

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How Anna Karlin designed the interiors of Extell’s One Manhattan Square

When Anna Karlin set out to design the interiors of Extell Development’s One Manhattan Square, she immediately dove into the buyer pool at the $1.9 billion condominium project. “The design process for a project like this is that I will develop the characters first,” she said. “So we made sure that we really went quite deep into the character development of who lives in each apartment. And then the design follows really easily from that.” […]

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Co-working finally feels the crunch of supply and demand

Earlier this year, a San Francisco coder set out to create an outdoor co-working space that charged $2.25 an hour. The catch? It was comprised of a table and chair, set up on an empty parking lot. While the cost of co-working has yet to reach the levels of WePark, as the operation was named, it has been becoming more affordable as of late, Bisnow reported. Amid a drastic spike in supply, average desk prices […]

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Power restored after blackout envelopes West Side of Manhattan

A power outage Saturday night on the West Side of Manhattan dimmed the bright lights of Times Square, knocked out traffic signals at intersections and temporarily trapped people in elevators and subway cars. Most theaters canceled performances of Broadway shows, and patrons illuminated darkened bars and restaurants with the glow of their cell phones as they drank and dined. Electrical power was started to return around 10 p.m. and was fully restored by midnight. Con […]

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Kanye West cares about “Star Wars”-themed affordable housing

Jesus walks, but Luke Skywalker talks, at least for Kanye West when it comes to affordable housing. The rapper-turned-aspiring real estate mogul is reportedly leading the development of an affordable housing project with a “Star Wars” theme at a secret California forest location. Forbes reported that the recording artist, entrepreneur and designer is working with a team to design prefabricated shelters as affordable housing, possibly for homeless people. West wanted an austere design for shelters […]

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Brooklyn is having its moment in the sun as New Yorkers turn to solar power

To paraphrase SunnyD, homeowners across New York City are unleashing the power of the sun. New Yorkers are increasingly turning to solar power to lighten their carbon footprint. And while Brooklyn lags behind Queens and Staten Island, it’s catching up fast. Over the last few years, there were some 3,100 solar panel installations in the borough, according to the New York Times. In Park Slope, a neighborhood thick with brownstones, Brooklyn SolarWorks, a solar energy […]

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“The British Harvey Weinstein”: Retail mogul Philip Green confronts sexual misconduct allegations

Mounting allegations of sexual harassment, bullying and abuse are threatening to topple British retail mogul Sir Philip Green, as the female entrepreneurs and celebrities who once powered his Topshop clothing brand turn away. Green, the billionaire chairman of Topshop parent company Arcadia Group, faces misdemeanor assault charges in Arizona for allegedly groping and making lewd comments to a Pilates instructor, who called him “the British Harvey Weinstein,” according to Bloomberg. She joins five former employees […]

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