A Look Ahead to Friday's Top Morning NYC Real Estate Stories

In the news on Friday morning . . .

  • The New York Post has details of Mayor Bloomberg's handover of 12 Roosevelt Island acres to Cornell University and Technion-Israel Institute of Technology to develop a new technical school.  Groundbreaking is next month for the site which will include a 27-story residential tower for students and faculty and an executive education center that will include a hotel.  Classes projected to start in 2017.  Article HERE.
  • The Daily News posted a bunch of the artists' renderings of Roosevelt Island earlier on Thursday, HERE.
  • Red Hook is fighting the development of a drug rehab center that would charge top dollar for its programs.  Details in Friday's Daily News, HERE.  Which flashes back to another Red Hook revolt against a high-priced private school that the Daily News also alerted us to on Dec. 5, and we posted HERE, direct link here.
  • There's not much New York content, but Friday's Wall Street Journal has an article looking at the national trend to micro apartments, those typically 300 square footers, HERE, with a subscription.
  • In "East TriBeCa: So Close, Yet So Far From SoHo," the Friday WSJ examines development, cast iron architecture, and "luxury high-rises along Leonard, Reade and Worth streets that have turned a historic industrial neighborhood into one of the hottest tracts in the city east of West Broadway." HERE, with a sub.
  • The WSJ also dissects in its Friday paper the interest in townhouses by foreign investors, which is starting to send prices skyward.  Available free HERE.
  • A WSJ blog on Thursday also ofered "5 Reasons Why Existing Home Sales Slowed in November."
  • Bloomberg just posted a Deutsche Bank AG analysis that says it is more costly to buy a home than to rent one, "and the price gap will widen to 1990s levels during the next two years." HERE.
  • The Houston Chronicle will have practical Friday advice in "There are several ways to botch a mortgage refinance," by a BankRate exec, HERE.
  • Finally, Crain's New York Business reported Thursday afternoon that Citigroup indeed will move its headquarters from 399 Park Ave. to Tribeca and the big new lease that was announced today and discussed on QuidnuncRE HERE.
Source: Roosevelt Island, Mayor Bloomberg, New York Post, New York Daily News, Red Hook, micro apartments, Tribeca, Wall Street Journal, home sales, Citigroup, Crain's New York Business
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