Nordstrom Rack Opens in Queens

The first borough outlet of the off-price brand will open in a 39,000, two-level Skyview Center store.  It will join two Brooklyn stores, also expected to open in the new year.

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Home Sweet Home? Flipping a Unit at One57.

  • Posted at 3:36, January 07, 2014
  • By QuidnuncRE Staff

The new West 57th Street condominium building is open.  It is mostly filled.  It is very expensive.  A seven-day new owner from China put his apartment on the market.

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New Suit Over the Empire State Building REIT's Formation

350 Fifth Avenue, New York, NY 10118

A second post-IPO class-action is filed, so it's back to court for members of the Malkin family and officers of the Empire State Realty Trust to defend allegations of breach of fiduciary duty and undervaluing the world's most famous building.

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Council Speaker Candidate Didn't Report Rental Income

  • Posted at 2:37, January 06, 2014
  • By QuidnuncRE Staff

The Daily News, which already has called for rejecting Melissa Mark-Viverito's City Counsel speaker candidacy because of her status in obtaining a city-issued noninterest real estate loan, now says she is not adequately reporting income from the three units she has developed in East Harlem.

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Fisher Bros. Joins with Rockpoint for Increased Stakes

  • Posted at 12:02, January 06, 2014
  • By QuidnuncRE Staff

Main Image

605 Third Ave.

A veteran New York private real estate investment firm teams with a Boston firm to acquire remainder of interests in two midtown office buildings.

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New Frenemies? Corvex/Related Cos. Takeover Move Gets a Divisive Invitation

Stephen M. Ross

Stephen Ross, Chairman, Related Cos.

Massachusetts' CommonWealth REIT seeks to end a hostile bid by two powerful New York investment firms by trying to make friends with a key figure at one firm, and demolishing the reputation of the other, in a letter to a prospective new board member this morning.

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Will There Be an Office Leasing Pickup in 2014?

  • Posted at 10:10, January 06, 2014
  • By QuidnuncRE Staff

A projection that uneven improvement will show steady improvement.

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Welcome to the Epicenter! CRE Technology Investment Spikes

The Wall Street Journal reports that venture capital investing in firms focused on real estate technology and Internet tools has taken off in recent weeks.  Here's links to the companies that the article highlights.

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QuidnuncRE Weekend: Council Speaker Candidate's Real Estate Vetting

Melissa Mark-Viverito

Melissa Mark-Viverito's recent steady path to a vote next week that she says will install her as City Council speaker is suddenly receiving close-up scrutiny that centers on her real estate dealings--her own as well as her work in the Upper West Side community the councilwoman represents.  It comes at the time an article appears that her potential rival--who recently has been tagged as nothing less than an enemy of development--may not be such a bad guy after all.  

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QuindnuncRE Weekend: A View on Crowdfunding Your Deals

  • Posted at 2:55, January 04, 2014
  • By QuidnuncRE Staff

A short and cryptic GlobeSt.com column says that registering securities to raise real estate investment money is out of reach, and not practical.  It suggests, vaguely, turning to the Internet.

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QuidnuncRE Weekend: Even More on Real Estate Sales

  • Posted at 2:34, January 04, 2014
  • By QuidnuncRE Staff

What does it all mean? The spate of reports this week on the prices and availability of New York City condominium and cooperative units continues.  . . .

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More Sales Reports

  • Posted at 5:01, January 03, 2014
  • By QuidnuncRE Staff

More on Elliman, and information from Corcoran and Warburg and Halstead, all on residential activity for 2013. UPDATED at 5 pm for Town Residential's sales report.

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This Week's Rate Report Shows Rises

Bankrate finds a slight week-to-week mortgage rate increase, resulting in a full year hike of more than a percentage point.

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Two Hot Sales, but Selling Isn't So Hot

  • Posted at 3:44, January 03, 2014
  • By QuidnuncRE Staff

The Times 'Big Ticket' blog has two residential sales of interest, and the Wall Street Journal says it's relatively easy to become a broker, but hard to succeed at it.

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Friday News. No Snow Involved.

  • Posted at 2:13, January 03, 2014
  • By QuidnuncRE Staff

An early start on the end of the week news includes a preview of Elliman's apartment prices report from the Times and the Daily News, and why mortgage-backed securities are a good investment.

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