Bidding Below Asking Price? What Chutzpah!

  • From this month’s Luxury Letter: A Greenwich Street classic offers modern amenities and a private garden at $ 5.95 million; sellers aren’t waiting and buyers are eager, yet bidding below asking price; retirees have found a new Palm Beach in Manhattan.
  • New York is the most expensive city in America, but its pricey status fell in the world, now tied with Düsseldorf, Germany at 27th place. (CNN)
  • As hotels begin selling rooms, some opulent mainstays and newcomers. (New York Post)
  • The musical comedy, Open House, about finding a dream home will become a Web-based java game. (Inman News)
  • In FloMa, the Flower Market District, construction has begun on Remy, a new building on West 28th Street. (Curbed)
  • Battery Park City in Staten Island? Housing units, retail space, a banquet hall and a sports complex to transform the northern shore. (Staten Island Advance)
  • The $800 million Yankee Stadium development in the South Bronx will feature park space in a central corridor, instead of the scattered green land stipulated in initial plans. (New York Post)
  • A pair of residential buildings in the Grand Concourse Historic District of the Bronx will receive a boost from the city’s Housing Development Corp. (Crain’s)
  • Harlem Park developer Michael Caridi promised a Marriott hotel and office complex in Harlem last year. But, the ground is still untouched and the developer is fighting a felony indictment. (The Village Voice)
  • Romano sums up the hipster ‘hood: “Fat Baby is so last hour; Fontana’s is the new Fat Baby, but Fat Baby was the new Dark Room—that is, until Eleven became the Annex, which became the new Dark Room.” (The Village Voice)
  • The sales offices have opened at 20 Pine, which has a pool that looks like the Delano Hotel’s backyard. (Curbed)
  • In other openings, the Holiday Inn Express in Park Slope is expected to push open its doors in April. (Brownstoner)
  • The Reverse Mortgage to Help America’s Seniors Act, which eliminates the cap on the number of reverse mortgages that can be insured by the Department of Housing and Urban Development, passed in the House of Representatives and is pushing trough Senate. (Inman News)
  • Judge rules that partners owe a “fiduciary duty” to each other, as in this case of paying market rent for a partnership property. (Inman News)
  • The Boy Scouts may sell out, because real estate is money and developers are ready to pay. (The Wall Street Journal)
  • The New York Times hails the gentrification of the Upper East Side.
  • – Riva Froymovich

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