Don't Fall Behind...

  • Posted at 11:19, January 02, 2014
  • By QuidnuncRE Staff

A bunch of important real estate that have been circulating:

  • First, start the year with a look ahead to Jan. 5, Sunday New York Times examination of the renaissance of the "spine" of the Upper Upper West Side, Harlem's Frederick Douglass Boulevard. It's the Times' weekly insight into living in different places around the metropolitan area, but this week's column has a recent-development focus that puts the turn-arond of the long northern Manhattan boulevard into current perspective.  Developers mentioned include Artimus Construction, Epic Management, and the city itself. HERE.
  • In yesterday's paper, the Times looked at the benefits to developers for producing NYC dorms.  It's the retail down below.  Real estate and investment firms mentioned are SL Green Realty Corp., Wharton Properties and the Harel Group. Details HERE.
  • SEC target Steven Cohen appears to be downsizing, but he has had to cut the price on his on-the-market skyscraper views condo above Bloomberg LP at One Beacon Court on the East Side by $17 million to $98 million. Details HERE in the Times.
  • The Times' weekly real-estate feature "30-Minute Interview" did not take Jan. 1 off:  It hosted a well-known name in former New York state lieutenant governor Richard Ravitch, HERE , who discusses his family's development work and his perspective via his government work, which included a longtime stint as the MTA chairman as well as work at the New York State Urban Development Corp.
  • Here's the Times' analysis on home price rises, apparently now slowing, HERE. QuidnuncRE first visited the numbers on Tuesday, HERE.
  • The Times also had the details on the the city's Hunts Points Terminal Produce Market lease renewal, announced on Dec. 31 by the NYC Economic Development Corp., HERE.
  • There was new information on on New Years Eve on a big Newcastle Investment Corp. acquisition of senior housing developments in the west from Lake Oswego, Ore.'s Holiday Retirement: It is being paid via two big loans totaling $720 million from Goldman Sachs.  Details HERE. QuidnuncRE last looked at the deal HERE.
  • Another Dec. 31 item on the same website on Fairfield Properties' $28.5 million acquisition of a residential building on Douglaston Parkway near Northern Boulevard in Queens, HERE.
  • New York City Housing Authority chairman John Rhea exited on Monday, resigning to his boss, Mayor Michael Bloomberg, before new Mayor Bill de Blasio could end Rhea's controversial tenure when he took office yesterday.  The Daily News posted the story overnight on Tuesday, HERE.  No word yet on a new overseer of city-owned housing stock.
  • Earlier this morning, DNAInfo posted predictions for the 2014 NYC Real Estate, HERE.
  • The New York region people to watch feature in the Jan. 1 Wall Street Journal roundup is led by two development celebrities: (1) Maggie Boepple, the World Trade Center Performing Arts Centers director, who, along with the city and state, and trying to bring the Frank Gehry-designed project to fruition for less than $500 million.  The article says that Boepple is "working to reduce construction costs, which stood at $469 million in March." And, (2) SL Green Realty Corp. chief exectuive officer Marc Holliday, who is proceedings with a big Vanderbilt Street tower next to Grand Central Terminal despite the withdrawal of former Mayor Michael Bloomberg's Midtown East rezoning proposal, which new Mayor Bill de Blasio has vowed to re-cast and re-introduce for City Council approval.
  • The New York Post had this Dec. 31 story on the new third NYC store lease by Roundabout Couture, on Madison between E. 82nd and E. 83rd Sts., leased by Douglas Elliman Retail Group, HERE.
  • Finally, veteran Post real estate writer Lois Weiss bestowed her Golden Brick awards to the best and worst NYC real estate development boldface names in yesterday's newspaper, available HERE
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