Chetrit gets $128M financing for Jamaica project

The Chetrit Group scored about $127.5 million in construction financing for its planned multifamily redevelopment of the Mary Immaculate Hospital site in Jamaica, sources told The Real Deal. Chetrit is planning a four-building complex at 150-13 89th Avenue in downtown Jamaica, with 324 apartments. The developer acquired the site, which offers more than 415,000 buildable […]

Confused about what happened in the luxury market in 2016? Here’s a handy guide

How did Manhattan’s luxury market fare in 2016? The optimistic broker or developer might point to the fact that this year will see a record $9.4 billion in closings for apartments priced $4 million and up, according to a new analysis by The Real Deal. But there’s another benchmark that serves as a more current […]

The 10 most valuable Manhattan condo filings accepted in 2016

What a difference a year makes. In 2015, seven Manhattan condominium plans projecting total sellouts north of $1 billion were accepted by the New York State Attorney General’s Office. But this year, only one Manhattan project crossed the billion-dollar mark, and developers abandoned several condo projects with projected sellouts north of $100 million. Related Companies has […]

Nathan Berman nabs $187M loan for 20 Broad conversion

Nathan Berman’s Metro Loft Management nabbed $187 million in financing for a planned office-to-resi conversion of the former New York Stock Exchange building at 20 Broad Street. Bank of the Ozarks — which has become one of the most active lenders in New York City real estate in recent years — committed to a $106 […]

Craig of Craigslist to create two-family house in Greenwich Village

Craig Newmark, the founder of online listing service Craigslist, has filed plans to convert his part of a former 6-unit building into a two-family unit in Greenwich Village, according to public records. Newmark bought two units that make up a duplex apartment on the first two floors of the historic building located at 52 West […]

Design experts say these will be the biggest trends in American homes in 2017

If one of your New Year’s resolutions is to revamp your living space, take note. Houzz, the home-decorating and renovation site and social network for homeowners and designers, put together a list of what they think will be the biggest design trends of 2017. The site’s editorial team talked to industry leaders and drew conclusions […]