South Korean fund nears deal for 49% stake in Amazon’s Midtown HQ: sources

7 West 34th Street in Midtown (inset: Korea Post global real estate head Jinho Lee) Korea Post, one of South Korea’s largest investment funds, is close to acquiring a 49 percent stake in a Midtown property almost fully occupied by Amazon, sources told The Real Deal. Vornado Realty Trust, which owns the 477,000-square-foot building at […]

Thor Equities quietly marketing chunk of NYC commercial portfolio

Joe Sitt and his buildings at 530 and 590 Fifth Avenue Joe Sitt wants to strike while the iron is still hot. Thor Equities, Sitt’s development and investment firm, is looking to sell off a sizable chunk of its prime commercial portfolio, The Real Deal has learned. Potential buyers have received set-ups on at least […]

Intelligence reports reveal a shocking price chop at Tom Clancy’s penthouse

Tom Clancy (credit: Gary Wayne Gilbert -via Wikipedia) and his apartment (credit Homevisit) The home of the late writer of military thrillers, Tom Clancy, has just a received dramatic price chop. Last fall, Clancy’s Baltimore penthouse hit the market asking $12 million. That ask was later slashed to $10.9 million. Now, the home of the “Clear […]

Designer Domenico Vacca closes NYC stores to focus on flagship with private club, rentals

Designer Domenico Vacca From Luxury Listings NYC: What to call Domenico Vacca’s latest venture? The Italian fashion designer and master tailor, who has dressed celebrities like Jeremy Piven, Daniel Day Lewis and Glenn Close, didn’t just launch a flagship store at his new massive building on 55th Street and Fifth Avenue, which opened officially on […]

For $1M, you can spend July living like Beyoncé and Jay-Z in the Hamptons

Beyonce and her former Hamptons summer rental From Luxury Listings NYC: Not sure how you’re going to spend July? Well if you are still scrambling for a last minute vacation plan and also have a spare $1 million, might we recommend renting the lavish Hamptons home that once housed none other than American royalty, Beyonce and […]