Developers of Hudson Square condo snag $215M loan

The developers of 537 Greenwich Street landed a $215 million construction loan for their upcoming Hudson Square condominium tower. A partnership of Strategic Capital, Forum Absolute and Cape Advisors tapped condo-friendly lender Bank of the Ozarks for the deal, Crain’s reported. The developers will begin demolishing two existing structure on the site this month and […]

HPD sues East Harlem landlord over outstanding violations

An East Harlem landlord accused of operating a hazardous building is being dragged before a judge. The Department of Housing Preservation and Development is suing George Zayas, the managing agent at 231 East 117th Street, in an attempt to force him to correct numerous violations and pay thousands of dollars in fines, according to DNAinfo. […]

Hedge funder buys 432 Park penthouse for $38M

From LLNYC: An 81st-floor penthouse unit at 432 Park Avenue has just sold for $38 million, per city records. The buyer appears to be Alexander J. Roepers, the founder and chief investment officer of Atlantic Investments Group, an investment firm. Atlantic Investments Group did not immediately return request for comment. Douglas Elliman, which is handling sales […]

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 […]

Take a rare look at the mansions hidden behind the Hamptons’ famously high hedges

From Business Insider: Beyond its beautiful beaches, bays, and lagoons, there’s another type of eye candy that’s native to the Hamptons: gorgeous, hidden real estate. Tucked at the end of snaking driveways, with huge shrubs blocking any chance of a roadside view, some of the East End’s most breathtaking homes are rarely seen — at […]

Solving NYC’s condo riddle

From the August issue: The breakup of Linda and Harry Macklowe after 58 years of marriage became quick tabloid fodder. With a vast real estate empire and a billion-dollar art collection to divide, one of the more salacious details to emerge from their split was that Harry’s then-girlfriend (and now fiancée) was living at 737 Park Avenue — his condo […]