Here’s a new way to improve your credit rating: Steal someone else’s! The market’s so steep that this guy stole someone’s identity to purchase a house in Bushwick, according to the Post.
The Daily News reports that Brooklyn Borough President Marty Markowitz is calling on Forest City Ratner to reduce the height of its Atlantic Yards project.
N. Richard Kalikow and Jeremiah O’Connor Jr. bought the Manhattan House, on the Upper East Side, for $625 million from the New York Life Insurance Company, reports The New York Sun. After condo conversions, the property could fetch $2 billion, but current tenants need to be bought out beforehand.
The Real Deal reports from the “Making Sense of the Manhattan Real Estate Market” panel discussion at the 92nd Street Y last night. Apparently, the real-estate bubble is a “press term,” according to former Douglas Elliman chairman Alan Rogers, and the market is in a “period of semi stalling at the moment.”