Tag: 711 Third Avenue
Commercial real estate refuses to cool in New York
The Cathedral of Commerce once again is living up to its nickname. The Woolworth Building, a 1913 Gothic masterpiece in downtown Manhattan, was set...
So, Is Atlantic Yards a Rip-Off or Not?
It’s been an odd week in the history of Atlantic Yards project. Last Friday, the Mayor said that $300 million worth of tax breaks...
Tax incentives for Rochester Technology Park approved
The County of Monroe Industrial Development Agency has approved tax incentives for the soon-to-be new owner of Rochester Technology Park — the former Kodak...
NYC ‘DEBT’ RECKONING
A silent crisis is ripping through many city neighborhoods as more and more homeowners are unable to pay down their subprime mortgage loans.
In Brooklyn's...
Unique way to grant land ownership to New York real estate in bite-sized pieces
A New York City company has found a very unique way to grant land ownership to New York real estate in bite-sized pieces. They’re...
$252 million approved for affordable housing in New York State
A total of $252.7 million in affordable housing financing, grants and mortgage insurance commitments was approved on 15 June by the boards of the New York...
Public, Private, Who Decides?
The city's attempt to increase its East Side park space has hit a boulder. A boulder in the shape of a swank Sutton Place...
They were so drunk on money and power that they didn’t know their incompetence
As suspected here last week, long-term interest rates have stabilized: the all-powerful 10-year T-note is in a broad range below 5.2 percent, and mortgages...
Tax breaks for a $15 million renovation of the historic building
A 100 percent property tax abatement on increases to the assessment on the Remington Rand building in North Tonawanda received preliminary approval Thursday.
Representatives from...
Insurer Battens Down Real Estate Hatches
MetLife Inc. recently gave stable value fund investors a peek at its strategy for coping with a possible downturn in the U.S. housing market.
MetLife,...
The price of the lobster salad is the best barometer of real estate ...
If you really want to know how the housing market in the Hamptons is faring as summer beckons, Steven Gaines suggests an unusual yardstick.
He...
Mount Vernon commercial real estate strong, pros say
A panel discussion by business professionals in Mount Vernon painted a local real estate market whose commercial sector was stronger than the residential.
Maybe it...
If you had multimillion-dollar digs waiting to be sold
Prices for some swanky pads on Long Island have been reduced recently, and it's taking longer to sell, signs that the high-end market has...
Owners of last remaining parcel of New Brighton site accept $7.6M for their land
Acres of low rolling hills in New Brighton, where nearly 300 homes were once planned, were secured recently as a public park when the...
Land Boom Resounds in Manhattan
Land speculation in Manhattan began in 1626 when Peter Minuit bought the island for 60 guilders, or $24, from the Canarsee Indians. The tradition...
Moving to the Hudson Valley region
Low interest rates, a hot real estate market and a migration northward from New York City have led to inflation in the Hudson Valley,...
New owners of Rochester Technology Park in Gates have grand plans
The soon-to-be new owners of Rochester Technology Park in Gates — site of the former Eastman Kodak Elmgrove facility — have grand plans for...
Apartment REITs Are A Target-Rich Environment For Private Equity
The proposed $22 billion leveraged buyout of Archstone Smith (NYSE: ASN) by Tishman Speyer and Lehman Brothers may spark a new round of go-private...
