Westchester & Fairfield Cheat Sheet: MGM bets on $675M Bridgeport casino, Houlihan Lawrence Commercial forms new team in Rye Brook … & more

MGM Resorts International places a $675M bet on Bridgeport casino project The Las Vegas-based hospitality and entertainment company announced plans for a $675 million casino and entertainment complex in Bridgeport. The waterfront casino in the Steelpointe Harbor area would also include a 700-seat theater, a 300-room hotel, retail space and dining options. While casino gambling […]

Epic Commercial Realty sees major shakeup after sale

In February, Epic Commercial Realty promoted one of its senior brokers to be a partner, principal and head of the Manhattan division alongside CEO Yona Edelkopf. That leadership structure didn’t last very long. Just a few months later, the broker, Ido Tzaidi, and his colleague, Sasi Elya, bought the Brooklyn-centric middle-market investment sales brokerage from […]

PE firm reaches $70M ground lease deal for Staten Island self-storage project

Private equity firm Equator Capital Management signed a 99-year, $70 million ground lease for a development site in Staten Island and plans to build a 136,000-square-foot self-storage building. The $70 million price tag is the net present value of annual rent payments for the entire term of the lease, according to Pure Properties Commercial Division’s […]

National Cheat Sheet: Facebook launches ad product to compete with Zillow, Blackstone-Starwood merger creates biggest landlord in the US … & more

Facebook debuts advertising service for brokers that competes with Zillow This week Facebook debuted an advertising product geared towards residential real estate brokers, in what some experts interpret as a move to seize the turf of online listings portal Zillow. Even though Facebook and Zillow recently partnered to put Zillow ads on Facebook, the social […]

We’ll give you three guesses where Ivanka is opening a new store

From LLNYC: Bloomingdale’s shoppers may not be thrilled when they spot Ivanka Trump’s brand, but we guess anyone who visits Trump Tower feels differently. The First Daughter’s fashion line is opening a new store location there, with signs advertising it cropping up last night in Trump Tower. Trump herself no longer runs her brand, though she still owns it. […]

Génial! Estée Lauder renews giant space at GM Building

Estée Lauder signed a lease renewal for 220,000 square feet at the General Motors Building, landlord Boston Properties announced. The company would not comment on the rent, other than to say that it is higher than it was before. The cosmetics giant’s current deal in the building, for close to 300,000 square feet, expires in […]

Sex in Public: LES residents would like Ian Schrager’s hotel guests to stop having sex in front of the windows thank you very much

Lower East Side residents are upset that they can see guests at Ian Schrager’s new hotel having sex through its oversized windows. The Public hotel at 215 Chrystie Street has received at least 47 noise complaints since it opened, the New York Post reported. “You see them having sex all the time, hands on the […]

Nearly 100K housing units have been approved in NYC since 2014. Here’s how many are affordable

In the last three years, affordable housing accounted for 21 percent of new residential units approved in the city, according to a new report by the New York Building Congress.  From January 2014 through the first quarter of this year, the city approved permits for 99,124 residential units. Most of the affordable housing units — […]