Wall Street fuels NY real estate boom

Forget window shopping the photos of million-dollar manses in the real estate shops on Southampton's Main Street. If you really want to know how the housing market in the Hamptons is faring as summer beckons, Steven Gaines suggests an unusual yardstick.

New York Housing: The Boom Is Back

While the nation's housing sector is getting whacked by slowing sales, falling prices, and rising inventories, several pros tell me New York City's market is on a tear again. The facts bear this out.

New investor joins bidder for NY racing franchise

Real estate developer Stephen Ross is the latest big money name in the bidding to run thoroughbred racing in New York, one of the companies vying for the state franchise said Saturday.

East Hampton property sells for $103M

Now, Hamptons residents may have to rethink their definition of high-priced real estate. Sources said Wall Street veteran Ron Baron is buying a 40-acre East Hampton parcel of land for more than $100 million -- more than double the price of the $45-million Wainscott home sold to drug distributor CEO Stewart Rahr in 2004.

Morgan Stanley to acquire Crescent Real Estate Equities

NEW YORK: Crescent Real Estate Equities Co Tuesday announced that it had agreed to be acquired by Morgan Stanley's (MWD.NYS) real estate unit. Morgan Stanley Real Estate would be paying $22.80 per share in cash for the transaction

Probe eyes possibility of inflated real estate values in Manhattan

New York State is investigating Manhattan real estate practices, seeking information about whether brokers pressured appraisers to inflate property values as prices doubled in the last five years, Bloomberg News reported on Friday.More...

Apartment at Plaza goes for a big sum: $50M

Though the Plaza is still six months away from its grand reopening, an apartment in the fabled hotel has been reportedly sold for more than $50 million - the highest price ever for a pad in New York. The New York Observer, quoting real estate sources, said the price easily tops hedge fund manager Daniel Loeb's $45 million for a penthouse at 15 Central Park West.More..

Broadway Partners Closes on Buys of 237 Park, 100 Wall

Broadway Partners, a national private real estate investment and management firm headquartered in New York, today announced ...More..

New York still No. 1 in state-local taxes

The analysis of Census data found that New York had the fourth highest property tax burden in 2004-05, was third in debt and second in state-local government spending at $11,841 per person. Alaska ranked first in spending at $15,108 per person. New Jersey ranked first in the property tax category.

New York Mortgage Trust Reports First Quarter 2007 Results

New York Mortgage Trust a self-advised real estate investment trust (REIT)engaged in the investment in and management of high credit qualityresidential adjustable rate mortgage (ARM) loans and mortgage-backedsecurities (MBS), today reported results for its first quarterMore...

Collateral Provides $173.4M in Loans for Seniors Housing

Collateral Real Estate Capital LLC, based in Atlanta, recently provided $173.4 million in first mortgage loans secured by a pool of five seniors housing facilities on Long Island, New York. More...

New York City Renters Cope With Squeeze

As the apartment-hunting season begins, fueled by college graduates and other new arrivals, real estate brokers say radical solutions among young, well-educated newcomers to the city are becoming more common, because New York’s rental market is the tightest it has been in seven years.More..

Shangri-La Hotels and Resorts plans 2010 luxury opening in New York

Shangri-La Hotels and Resorts, Asia Pacific’s leading luxury hotel group, announced today it will open the Shangri-La Hotel, New York in 2010. The group signed development and operating agreements with RFR Holding LLCMore..

Gibson Dunn Adds Real Estate Partner in New York

Gibson, Dunn & Crutcher LLP is pleased to announce that Eric M. Feuerstein is joining the firm as partner in New York. Previously a partner with Fried, Frank, Harris, Shriver & Jacobson, Feuerstein has a practice that focuses on high-end, capital-market driven real estate transactions.

NY: Developers must share cost of new Penn Station

Real estate developers that are expected to profit from the relocation of New York's congested Pennsylvania Station should pay some of the project's huge costs, a co-chairman of the state's development corporation said on Wednesday.More...

An Irish Taste for Real Estate in Manhattan

They live an ocean away, but that has not stopped the Irish from lining up to buy condominiums in Midtown Manhattan, often years before they are built. More..

Mintz Levin Expands New York Real Estate Practice

In recent years, Mr. Schwartz has chaired symposiums on commercial leasing and the purchase and sale of real estate in New York. A member of the New York State Bar Association’s Committee on Cooperatives and Condominiums.

New York Times highlights Roseburg property

A home for sale on the North Umpqua River caught the eye of The New York Times, much to the surprise of the Roseburg real estate broker representing it.
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Bloomberg Outlines Plan to Rewrite City’s Construction Codes

Mayor Michael R. Bloomberg proposed yesterday overhauling the city’s aged and notoriously byzantine building code by greatly expanding fire safety requirements, encouraging environmentally sound construction and simplifying operations at the Department of Buildings.More..

Paramount Group Buys 60 Wall St. from Deutsche Bank in $1.18B Sale-Leaseback

The big-money deals for Manhattan trophy properties continued today as Deutsche Bank announced it had sold its 60 Wall St. headquarters (pictured) to Paramount Group Inc. in a $1.18 billion sale-leaseback agreement.Read More..

Rents Peak in Housing Glut; New York Escapes Decline

A record number of homeowners who can't sell condominiums and houses are competing for tenants with the country's biggest apartment owners led by Chicago-based Equity Residential, said Jack McCabe, the founder of Deerfield Beach,Read More..

Kushner to Sell Estimated $2B Multi-Family Portfolio, Turn to New York City Office

When Kushner Cos. purchased 666 Fifth Ave. from Tishman Speyer last December for a record $1.8 billion--believed to be the largest single asset transaction in real estate history-Read More..

New York Times Building Bought by Israeli Company

The New York Times Building, headquarters of the newspaper since 1913, was bought by Africa Israel Investments Ltd., an Israeli holding company, for $525 million.Full Story..