Mack is Back
Square footage was the first thing on our minds when we walked into REBNY’s Residential Deal of the Year Awards. The Metropolitan Pavilion space was so cavernous that despite a sizable crowd of brokers chatting over cocktails it still felt oddly empty, with a cold draft drifting in from the entrance. Nor did the flickering candles grouped on the tables contribute much warmth or intimacy, but we appreciated the gesture—a nice reminder that we were among those who sold residential real estate for a living.
Shivering, The Observer walked into the scrum of darkly-clad revelers and found ourselves standing next to Halstead president Diane Ramirez. She planted a kiss in the air some ten inches to the left of our cheek and encouraged us to buy raffle tickets in support of REBNY’s “residential member in need fund.” The charity was the real point of the evening, she told us, gentling nudging us toward the table before flitting off.
With the deadline approaching for Harry Macklowe to seal the deal at 737 Park Avenue, he is so close, yet so far from securing the equity he needs.
Mr. Macklowe has hired the Carlton Group’s Howard Michaels to help him search for another partner for the deal (Mr. Michaels told The Observer a couple of Read More
It’s looking rather post-Lehman at 25 Broad Street these days (even though the failed investment bank is still involved). The first 10 tenants have signed at the mammoth downtown residential tower of erstwhile Kent Swig fame.
Recall, Bruce Menin and his partners bought the 20-story office building for a dime in the late ’90s, before Read More
The Core Group, whose role in the Selling New York realty reality series might just inspire a generation of eager young residential brokers, is expanding.
The firm has taken 5,500 square feet for 10 years at the Kaufman Organization’s 100-104 Fifth Avenue. The brokers who hawk high-priced apartments with a certain Miami Beach flair also have a retail location at 127 Read More
“I glance at them,” said John Burger, a top co-op broker at Brown Harris Stevens, “but Manhattan is really eight different markets, and none of them really address the nuances.”
Mr. Burger was talking about the third-quarter Manhattan housing reports from various brokerages that came out last week, and he didn’t have much good Read More
Both the Foundry and L Haus, two Long Island City condo developments marketed by Prudential Douglas Elliman, seemed to be presenting themselves as urban oases—nooks of green in Queens. They offered outdoor space aplenty, plant-oriented décor in their sales offices, enormous bathtubs, green literature and logos, and, in the case of L Haus, a lime Read More
As Nigeria deals with gruesome violence between government troops and a strict Islamic sect, one of its prominent oilmen has apparently closed on three serious pieces of brand-name New York real estate.
Last month, neighboring apartments were bought under a trio of limited liability corporation names at the new Centurion condo on West 56th Street, Read More
As a thunderstorm raged outside, the mood of dozens of real estate investors at Wednesday’s Distressed Investing Leaders Forum at One World Financial Center was that of general gloom.
“The most optimistic thing I heard today is we won’t be like Japan. It won’t be 20 years,” said Jan Jekielek, the Epoch Times’ director Read More
A tour of the boldly Dickensian 26 West 76th Street, yours for $25 million. Read More
515 Park duplex does have a guest bedroom–but it’s smaller than the walk-in closet and kitchen! Read More