Mayor Bill de Blasio, after much hemming and hawing about whether he should move to Gracie Mansion, followed by a long, drawn-out move that included the self-indulgent cataloging of the family’s beloved heirlooms, already sounds homesick after spending just one night in the mansion, according to a report in Capital New York. At a press conference yesterday he reminisced about his favorite Park Slope cafe and bar, then said that “everyone knows my love for my neighborhood in Brooklyn and my home in Brooklyn, so, you know, it was a little strange to come home to Gracie Mansion.” We get it, we get it, you don’t like the Upper East Side, you’re not mansion kind of people, you will always be Brooklynites at heart. So why move to Gracie in the first place?
Fair enough, a lot of people have a hard time deciding what real estate will make them happy and who to share it with. To that end, Brick Underground has some good questions to determine whether or not a potential roommate is a good match.
For example, is he or she too cool to patronize coffee shops with signs? While it might not seem like the best idea to play coy with people in need of a caffeine fix, DNAInfo reports that eschewing signage is all the rage for Bushwick coffee shops. “This is cool,” one proprietor told the website, pointing to a chalkboard outside that said ‘coffee’ but did not state a name. ‘It’s more about people in-the-know coming in. They’re looking for it.” Ugh.
Le Frak has funneled the proceeds of a New Jersey office building sale into a Pace University dorm at 180 Broadway, according to Crain’s. The developer paid $222.5 million for the lower Manhattan tower, which has an Urban Outfitters and a TD Bank in its base, in a swap deal known as 1031 that absolves Le Frak of needing to pay capital gains tax on the sale.
Le Frak isn’t the only one funneling profits. Deadline reports that the Schubert Organization’s move to buy New World Stages, the somewhat weird subterranean venue, was inspired by a need to park a portion of the $35 million the non-profit made in air rights sales this year.
Urban Compass, which also has a lot of money to spend, has paired with Century Management, a real estate management firm that handles 10,000 apartments spread over 80 buildings, Crain’s reports. Under the terms of the deal, Century will refer clients exclusively to Urban Compass, a company that recently announced it had raised $40 million in funding. Urban Compass also just poached Extell’s design chief Roy Kim, who will head a new development team, according to The Real Deal.
Zillow is also moving to shoulder out the competition, agreeing to buy major competitor Trulia for $3.5 billion in stock. What, the The Real Deal asks, does that mean for companies who are not part of the listings behemoth?
Now that we’re in the damp, dreamy days of mid-summer, it’s time for a Hamptons check-in! Turns out things have been busy: Soap star Susan Lucci has listed the Quogue estate she’s owned since the 1980s for $20 million, The New York Daily News reports. Maybe she can get some tips from Billy Joel, whose Sagaponack estate, listed most recently for $19.95 million, is now in contract, according to Newsday? Apparently, the singer also has another home in Sag Harbor, but is one house in the Hamptons really enough?