Thursday's Real Estate News Right Now

There's a lot to talk about in Thursday's news.  Here's your head start:

  • Barneys is moving back in to its original Seventh Avenue location in Chelsea--Loehmann's is expected to liquidate in its latest bankruptcy, and thereby vacate--and looking to further expand downtown.  In Thursday’s New York Times, HERE.
  • The New York Post has a salute to Mayor Bloomberg’s real estate leadership as well as the current thriving state of development  in Thursday’s paper, online now at "2013: The year of NY’s real estate 'Bloom.'" 
  • The Daily News assesses the mayor’s business prowess in Thursday’s paper, too, and takes into account his real estate development efforts, far less glowingly, HERE
  • The Post also reports that Long Island's JK Equities plans a 17-story, mixed-use apartment tower on the site of the dormant-since-1986, 85-year-old landmarked RKO Keith movie theater at 135-35 Northern Blvd., at the corner of Main Street, in Flushing, purchased for $30 million.
  • And, the Post also has an article on a joint venture of several city hospitals that will treat cancer—in a land-intensive development that involves big MRI-style, energy-intensive machinery located mostly underground that treats cancerous tumors—appears to have found a home in East Harlem between 125th and 127th Sts.
  • Back in the Daily News, less than a week after his agency agreed to federal court oversight to guarantee it does what it promises it will do, repair New Yorkers’ apartments, sure-to-be-replaced-but-not-yet-departed New York City Housing Authority Chairman John Rhea says he has no regrets since he left Wall Street to take the job four years ago.
  • Also in the Thursday Daily News, federal budget cuts are blamed for reduced Section 8 vouchers, which translates into West Harlem Schomburg Plaza tenants being forced to move into smaller apartments as soon as they are available. HERE.

Also.  . . .

  • Mortgage REIT Two Harbors Investment Corp., of Minnetonka, Minn., is buying a pool of mortgage servicing rights from another publically traded company, Troy, Mich.-based Flagstar Bancorp Inc., for about $500 million, via Reuters.
  • November was the best month for housing starts in five years, according to Bloomberg News.
  • The gain in home values in 2013 is the biggest since 2007, according to data by the Zillow website.  U.S. homes have recovered 44% of the $6.3 trillion in value lost from 2007 to 2011.  The details are in an article on Bloomberg News.  
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