The hot Manhattan commercial real estate market is likely to remain strong

"This extraordinary run-up in rental rates is going to continue through 2008 and into early 2009," the 23-year veteran commercial broker told the Reuters Summit. "There is just not a lot of space around and not a lot of big blocks of space."

Part of Manhattan Clock Tower to Robert De Niro

Did you know his middle name is Mario? Lev Leviev probably does, because the Israeli-Russian property baron is negotiating to team up with world-famous actor Robert De Niro in real estate investments. De Niro's full name surely appears somewhere in the paperwork.

Financial Levers teaming up with Tao Tsuot to buy Manhattan property

Financial Levers (TASE: LVR) (Manofim) and Tao Tsuot (TASE: TAO) are teaming up in negotiations to buy two buildings in Manhattan for $800 million.

Buying in the Big Apple

After doing some research, I found properties that are affordable in every neighborhood from Downtown to the Upper East and West Sides. By affordable, I mean if you are in the high five-figure to low six-figure salary bracket and know you are not changing job locations in the next few years, there is a property for you, you and your spouse, or companion.

New York's Captial Trust buys Birmingham company

New York's Capital Trust Inc. has acquired a Birmingham-based senior living and health care related real estate lending company for $4.4 million.

Developers Find a ‘Mini-Manhattan' in Brooklyn

"The real estate business here is red hot," according to veteran broker Roslyn Huebener, who has been selling houses and apartments in Brooklyn for 23 years.

New York property taxes could backfire

Think you have a tax problem? A Supreme Court ruling this week could leave Uncle Sam, and American taxpayers, liable for untold millions on U.S. diplomatic properties abroad. While New York City celebrates the decision allowing it to sue foreign governments for more than $100 million in back property taxes, the State Department is bracing for retaliation overseas.

Lower Manhattan real estate is receiving a boost

Mayor Bloomberg and Governor Spitzer are expected today to announce that JPMorgan Chase & Co. will build and occupy a skyscraper of about 50 stories at the edge of the World Trade Center site, according to people familiar with the plans.

Investing heavily in the UN's New York neighborhood

In December, the General Assembly approved a $1.9 billion plan for work that would keep the building and its 3,500 employees in Manhattan. Work could begin early next year and should be completed by 2015, said Werner Schmidt, a UN spokesman for the rebuilding plan.

The “Greening” of New York City Real Estate

In the 60s, the city began to live beyond its means, offering generous wage and benefit packages to unionized workers, and spending too much on welfare and other public services. Its coffers drained, the city by the early 70s had turned to the short-term bond market to cover everyday expenses. Sensing trouble, Wall Street cut the city off.

Bancorp to sell Herald Square New York property for $105M

New York Community Bancorp Inc., the Westbury-based parent of New York Community Bank and New York Commercial Bank, is in contract to sell a prime Herald Square property for $105 million, the company announced Wednesday.

Meritage Properties have bought One Financial Plaza For $66M

NY-based Meritage Properties and Avenue Real Estate Fund have bought One Financial Plaza, a 28-story office tower in the city’s central business district. Neither side disclosed the price, but a source reported the mark to GlobeSt.com as $65.6 million, which would eclipse the $200 per-sf level for the 322,000-sf building.

N.Y property crimes decreased 2.7 percent

Crime rates are declining in New York, according to the state Division of Criminal Justice Services.

Building Adds 37 Units to Rental Market in Brooklyn Heights

A six-story residential building in Brooklyn Heights, one of two previously owned by the Watchtower Bible & Tract Society and sold this spring to the same buyer, has put 37 much-needed rental units on the market.

For the Hamptons, a New Peak For Prices in an Ocean of Cash

Ron Baron, founder of the investment company bearing his name, didn't hesitate to pay $103 million for a 40-acre parcel in East Hampton, N.Y. It was the record for a residential property in the United States and just a little less than double the annual compensation of some of his neighbors.

Big Landlord Close to Deal for a REIT in New York

The real estate company that bought two prominent apartment complexes on Manhattan’s Lower East Side is trying to make another major acquisition in the New York market.