Month: November 2019

The forever-doomed, but still-standing Hotel Pennsylvania is undergoing a top-to-bottom redesign of its guest rooms to keep it competitive in an AirBNB-challenged hotel market. Whoa, you say — isn’t owner Vornado planning to knock the old relic down to make room for a spectacular office skyscraper? Yes, for sure — it’s just a matter of
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Facebook is making friends with Hudson Yards. The social media giant has leased more than 1.5 million square feet of office space in the massive West Side development, Hudson Yards officials announced Thursday. The deal — which marks a major expansion of Facebook’s presence in the Big Apple — encompasses 30 floors across three buildings,
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Regis Philbin is looking for a “Millionaire.” The retired TV host has listed his Greenwich, Connecticut, mansion for $4.59 million — significantly less than he and his wife, Joy, paid a decade ago. Take a tour of the secluded English manor-inspired property, which sports six bedrooms, a pool and a circular driveway. Video courtesy of
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Superstructures Engineers + Architects is heading to the Financial District’s pyramid-topped building at 14 Wall St. The restoration company has leased the 25th floor of the landmark building at the northwest corner of Nassau Street, which gives it 33,561 square feet. That floor is occupied by architectural firm Skidmore, Owings & Merrill, which is moving
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Flexible office space, once a niche offering, is experiencing a meteoric rise. In the last decade, so-called “flex space” increased more than 600 percent across the United States. Just in the last year, the market grew 23 percent in Manhattan alone, according to CBRE. While most people associate coworking with a flexible office, that’s just
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Creative brands are seizing opportunities in repriced storefront spaces. Despite worries of retail doom and gloom, stabilizing rents along the city’s “high street” markets are putting store leases — now with brand-friendly pricing — back in play. According to Cushman & Wakefield, rents dropped in seven of 11 market strips at the end of 2019’s
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Recent state rent regulations have changed so many of the long-standing multifamily rules that owners of apartment buildings are taking a “wait-and-see” approach. “The game-changing rent laws have had an impact,” says Douglas Harmon of Cushman & Wakefield. “It has halted sales with any semblance of rent stabilization.” But buildings with both a majority of
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Egads! EGOT winner Whoopi Goldberg’s longtime Los Angeles home hit the market for $9.6 million — only a year after “The View” host sold it. Take a tour of this six-bedroom mansion in the Pacific Palisades, complete with a lagoon-style pool, basement bar and many Art Deco touches. The previous owner was “Casino Royale” actor
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Norah Jones listed her Brooklyn townhouse for $8 million, reports the Wall Street Journal. The Grammy-winning singer-songwriter bought the four-story, 25-foot-wide property in Cobble Hill for $4.9 million in 2009. Images from the listing, which is not yet live, show a charming bohemian-chic interior, with touches including exposed brick, reclaimed wood finishes, wood-beam ceilings and
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