As usual, the $4 million+ housing market in Manhattan stands strong—thanks in part to the record-setting $88 million dollar purchase a few months ago—but the rest of Manhattan continues to slump.
“For the first time since the recovery, the U.S. is growing at a quicker pace than New York City,” Greg Heym, an economist at Brown Harris Stevens and Halstead, told the Journal.
It’s ICSC week in New York City and while many in the retail business consider the event secondary to the larger conference held by the organization in Las Vegas each May, for many Manhattan real estate brokers, the conference is the most important of the year—and not necessarily just because of its jam-packed daytime roster of speakers and seminars.
In establishments from the New York Times’s four-star-rated Del Posto to the Dream Hotel in Lower Manhattan, buttoned-up retail brokers will be wining and dining potential clients during a two-day orgy of after-hour soirees, dinners and suds-soaked meetings, all designed with the deal in mind.
SNL real estate palooza!
If Manhattan real estate transfers are any barometer for Big Apple success, graduates of the Lorne Michaels school of comedy are certainly having the last laugh. Last week The Observer reported that Jimmy Fallon and wife, Nancy Juvonen, purchased a third apartment at fancy 34 Gramercy Park East; Read More
Martin Broughton doesn’t like to take his shoes off. At least not when passing through airport security. The CEO of British Airways recently made headlines publicly deriding the U.S. Transportation Security Administration (TSA) for demanding excessive security measures from U.K. airport officials, telling the Financial Times, “America does not do internally a Read More
Will Mary-Kate and Ashley Olsen‘s One Morton Square penthouse finally be a full house?
According to city records, the identical-twin franchise has finally sold the oft-price-zig-zagging West Village apartment—which they never lived in—for $7.7 million, only $300,000 more than they paid for the “twelve room trophy” in 2004. Listed with Prudential Elliman‘s buzzed-about broker Jared Read More
Chevy Chase’s former estate at 19 Lee Avenue in East Hampton is on the market for $33 million. The sprawling 3.2-acre property spans from Lee Avenue to luxe Lily Pond Lane. The main home (the estate clusters a handful of houses) is a “classic Summer Cottage” circa 1895, which, according to the listing, has been Read More
The Centurion, the luxury condo development at 33 West 56th Street, is best-known as Louvre-legendary I.M. Pei’s first Manhattan residential design, a proverbial rite of passage for any self-respecting starchitect.
The 17-story building has a cascading glass and Chamesson limestone facade—the limestone was quarried and hand-cut in Burgundy as it was the Read More
It’s official. Michael Kors will open a flagship store at the Madison Avenue site of the failed Emanual Ungaro, according to the broker who completed the deal.
The possibility was first reported in Thursday’s New York Post, in a story about the Ungaro fashion house’s search for a buyer. The French house famously Read More
When publisher Peter Olson stepped down from his position as chief executive of Random House in May of 2008, few were surprised by the news. More recently, Mr. Olson stepped down from another perch: 799 Park Avenue. However, unlike his step-down from Random House, this switch was less predictable.
According to a Read More
On Feb. 12, after seas of silk-scarved, shiny-shoed, power-suited real estate brokers shuffle into the Pierre’s ballroom, the colossal real estate brokerage Prudential Douglas Elliman will name its broker of the year. Just as it’s been since Dottie Herman and Howard Lorber bought the company in 2003, and as it will be until the day Read More