By Kim Velsey 11/01/12 7:16pm

Stratospheric Sales

A personal real estate investment.

Real Estate Scion Billy Macklowe Gets Back to Business With Fifth Avenue Buy

What better way to pass these strange, disordered days after Hurricane Sandy than by inking the contract for a $27.5 million apartment on the Upper East Side? Harry Macklowe’s son, budding real estate dynamo Billy Macklowe, certainly thought so, at least according to The New York Post. The Post reports that Mr. Macklowe signed an under-ask contract for a four-bedroom, 5.5-bath co-op apartment at 950 Fifth Avenue. Read More

By Elise Knutsen 8/16/11 6:48pm

Shindigger

Baldwin and Schumer.

Art and Auction in East Hampton

The swans in Town Pond paddled on serenely, unfazed by the crowds filing up James Lane toward Guild Hall. The birds, evidently, are accustomed to such revelry. The event, last Saturday, was a celebration of Richard Prince’s exhibition “Covering Pollock,” currently on display at the Hall’s gallery. The work, Mr. Prince’s latest, consists of black-and-white photographs of Jackson Pollock obscured by images of models, ’80s punk stars and various forms of old-school erotica. Inside, groups of curious viewers—some of them peering over their spectacles at the prints—made polite banter about the graphic images. Read More

By Laura Kusisto 4/06/11 8:04pm

Comebacks

Stirrings at Two Haunted Assets

Life is stirring again at the ghostly Drake Hotel site.

With financing for development sites still virtually frozen, CIM Group has received a $30 million mortgage from Pacific Northwestern Bank on the former home of the Gilded Age hotel, according to public records.

As The Observer reported in February, the spot at Park Avenue and 57th Street is likely the only existing development Read More

By Laura Kusisto 3/31/11 10:04pm

lease beat

Steven A. Cohen Close to Deal at 510 Madison

Billionaire Steven A. Cohen is poised to follow his recent legal reprieve with a huge lease at 510 Madison Avenue.

After months of speculation, his mercurial hedge fund, SAC Capital, is near a deal to take 66,000 square feet, or the second through fifth floors, multiple sources said. Rumors of the deal have been swirling for months, but a lawsuit Read More

By Staff 11/07/05 7:27pm

Last Call

These daily disclosures of campaign spending continue to yield interesting tidbits.

One is that major real estate developers appear to have noticed that Scott Stringer, the Democratic nominee for Manhattan Borough President, is about to have a say over their projects, and are responding accordingly.

The last few days show contributions totalling $13,500 Read More