Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 22, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: New York real estate

New York real estate stories: 18 news summaries

 For Sale: Madoff's 
 $8.75M Hampton Home 

$8.75M home being sold by government to pay restitution

Sep 1, 09 1:17 PM CDT
(Newser) - Bernie Madoff’s Montauk beach home could be yours for just $8.75 million. The 3,000-square-foot home will go on the market this week—the first of three being sold by the government to get Madoff’s victims some of their money back, Bloomberg reports. Unfortunately for those investors,... More »

MORE ABOUT:
New York real estate • fraud • Long Island • Montauk • Bernard Madoff • Madoff Securities International

 Brangelina Shop NYC Digs 

Hollywood royalty looking to spend $25M for Upper West Side condo

Jul 12, 09 11:27 AM CDT
(Newser) - Tired of renting when in the Big Apple, Brad Pitt and Angelina Jolie just want a place of their own, the New York Daily News reports. The power duo has been quietly checking out the Apthorp, a historic Upper West Side landmark, and is ready to spend as much as... More »

MORE ABOUT:
Angelina Jolie • real estate • New York real estate • Brad Pitt • Manhattan

Madonna Drops $40M on NYC Townhouse

Material Mom might be putting off promised move to Malawi

Apr 14, 09 1:31 PM CDT
(Newser) - Madonna may be sending her moving van(s) to the Upper East Side of Manhattan rather than Malawi, reports the New York Post. The singer is plunking down $40 million for a Georgian-style townhouse. That’s $5 million less than the asking price, but hardly a bargain; no residence in the... More »

MORE ABOUT:
real estate • New York real estate • New York City • Manhattan • Malawi • Madonna

Playgrounds of Rich and Famous Hit the Skids

What would Jay Gatsby say?

Mar 17, 09 9:20 AM CDT
(Newser) - Even crème de la crème communities are curdling in the current crisis, reports the Telegraph. Take the Hamptons, where nearly as many homes were being foreclosed last week as the number of places sold. Residents in the super-affluent towns on Long Island's east end are struggling to meet... More »

MORE ABOUT:
real estate • New York real estate • New York • foreclosure • mortgage • Long Island • Hamptons • fiscal crisis

 Times Co. Sells HQ for $225M 

Debt-laden paper enters sale-leaseback with investment firm

Mar 9, 09 8:51 AM CDT
(Newser) - The New York Times Company has raised $225 million through a sale-leaseback of its Eighth Avenue skyscraper, it announced this morning. The deal gives investment firm WP Carey ownership of the Times' share of the Renzo Piano-designed headquarters, which the newspaper moved into in 2007. The company will then lease... More »

MORE ABOUT:
real estate • New York real estate • New York Times • New York Times Company • New York Times building • newspaper industry • WP Carey • sale-leaseback

 Virgin Megastore to Close 

Iconic record store to become Forever 21

Jan 14, 09 9:37 AM CST
(Newser) - New York City’s iconic Virgin Megastore will close in April, Billboard reports. The Times Square fixture is the US’s highest volume music store, but the real estate company that acquired Virgin in 2007 is booting it for a higher-rent tenant. An exec told Reuters last year that Virgin... More »

MORE ABOUT:
New York real estate • New York City • New York • Virgin • Times Square • Virgin Records

ANALYSIS

 Katie Drops $14M in NYC 

Star racks up impressive bill in 6 months during Broadway stint, Post estimates

Jan 5, 09 11:14 AM CST
(Newser) - Katie Holmes is “Manhattan’s Most Valued Shopper” after spending more than $14 million during her 6 months in New York, the Post estimates. Dining at hot spots like Nobu accounts for more than $7,000, while dressing herself and Suri racked up at least $17,000. But the... More »

MORE ABOUT:
New York real estate • Tom Cruise • New York City • New York • Manhattan • Broadway • money • Katie Holmes • celebrity • All My Sons

 Long Way Down 
 for NYC, Boston 
 Home Prices 

Cities can't buck market forces forever

Dec 31, 08 10:02 AM CST
(Newser) - New York, Boston, and Charlotte, NC, are at the center of the financial industry, but so far those cities haven’t seen home prices plummet the way they have in the rest of the country. New York’s single-family-home prices are down from their 2006 highs, roughly half the decline... More »

MORE ABOUT:
New York real estate • New York City • Boston • housing market • home prices • Charlotte

Madoff Shakes NY Real Estate Industry

Scandal jeopardizes dozens of projects; loans may be called in

Dec 18, 08 7:19 AM CST
(Newser) - New York's once booming real estate industry has already been struggling with the recession, but the revelation of Bernie Madoff's $50 billion Ponzi scheme has hit commercial brokers and developers particularly hard. Deals across the city have been put in jeopardy, buyers have withdrawn pledges to purchase, and Madoff investments... More »

MORE ABOUT:
real estate • New York real estate • Ponzi scheme • white collar crime • Bernard Madoff

 Madge, A-Rod Want Love Shack 

Pair may move in together in New York

Dec 2, 08 11:37 AM CST
(Newser) - Madonna and Alex Rodriguez are looking to shack up together in a high-end Manhattan mansion, the New York Post reports. A real estate source revealed the pop star and her slugger beau are scouting the Upper East Side for “private, double-width mansions in the vicinity of $30 million to... More »

MORE ABOUT:
New York real estate • Manhattan • Alex Rodriguez • celebrity • Madonna • celebrity divorces

 Manhattan 
 Real Estate 
 Prices Plummet 

News will only get worse, experts predict

Nov 9, 08 7:24 AM CST
(Newser) - Manhattan real estate is already taking a major hit from the economic crisis, reports the New York Times. Median property prices in Harlem are down nearly 20%, and east midtown condos have plunged more than 18%. The downturn will eventually rock even the toniest neighborhoods, experts predict. Sales have slowed... More »

MORE ABOUT:
real estate • New York real estate • New York City • Manhattan • financial crisis

NYC's Luxury Apartment Bubble Bursts

There's now a glut
of pricey listings
on the market

Oct 8, 08 8:15 PM CDT
(Newser) - New York’s top real estate agents subscribed to an 8-word mantra last year, the New York Observer notes: So many eager buyers, so few trophy properties. But 2008 has brought a dose of cold reality. More than 168 luxury apartments and townhouses are on the market, dozens more than... More »

MORE ABOUT:
New York real estate • housing market • luxury condo

Wall Street's Wealthy Can't Nab Apartments

With 7-figure bonuses in jeopardy, the rich lack buying power

Jul 12, 08 1:50 PM CDT
(Newser) - Manhattan’s most rabid real estate buyers are finding that a million-dollar bonus doesn't cut it anymore, the New York Times reports. With markets in turmoil, Wall Street bankers' staggering bonuses are in jeopardy, and apartment sellers are taking note. “They’re looking for people who have stable incomes... More »

MORE ABOUT:
Wall Street • real estate • New York real estate • New York City • Manhattan • investment bankers • condominium

 Abu Dhabi
 to Buy
 Chrysler
 Building 

Sovereign wealth fund offers $800M for
NYC landmark

Jun 11, 08 10:02 AM CDT
(Newser) - The Chrysler Building—a jewel of the New York City skyline since 1930—is poised to be sold to the Abu Dhabi Investment Council, reports the New York Post. The nation's oil-rich sovereign wealth fund is offering $800M for a 75% stake in the skyscraper. More »

MORE ABOUT:
New York real estate • New York City • Abu Dhabi • skyscraper • Chrysler Building • Abu Dhabi Investment Council • skyline

Real Estate Slump Strikes Manhattan

Average apartment price soars to record; big picture grim

Apr 2, 08 3:25 PM CDT
(Newser) - Manhattan real estate prices hit record highs in the first quarter of 2008, but sales declined, showing that the housing crunch is starting to affect the island, Bloomberg reports. The average price of a Manhattan apartment was $1.7 million, up 33.5% from last year, the New York Times ... More »

MORE ABOUT:
Wall Street • New York real estate • Manhattan • home sales • home prices • real estate values • housing crisis

Assistant Confesses to Stein Murder

She flew into a rage,
beat celeb Realtor
with a yoga stick

Nov 9, 07 5:48 PM CST
(Newser) - The assistant to celebrity Realtor Linda Stein confessed today to beating her boss to death. Natavia Lowry was arrested and charged with second-degree murder after she made a videotaped confession that she flew into a rage when Stein blew pot smoke in her face and was verbally abusive to her.... More »

MORE ABOUT:
Elton John • NYPD • New York real estate • Ramones • Linda Stein

Coney Island on Track for Ritzy Makeover

Fans grumble at cyclone-speed gentrification

Jul 11, 07 6:54 AM CDT
(Newser) - Landmark Brooklyn amusement park Coney Island is set to undergo a major makeover as an upscale techno-theme park with ritzy retail space and timeshare towers, the Washington Post reports. Thor Equities bought much of the six-block thrill park and officials hope to launch the $1.5B renovation in 18 months—... More »

MORE ABOUT:
New York real estate • New York City • New York • Brooklyn • cyclone • hot dogs • Coney Island • Gentrification • real estate development • timeshare • high rises • amusement parks • rollercoasters • working class • Shoot the Freak • Fran Lebowitz

Newmark Brains Scammers

Craig's List founder tracks online
swindlers the old-fashioned way— brainpower

Mar 5, 07 6:20 PM CST
(Newser) - “We are not really that high-tech of a company,” the man who brought classifieds into the Internet age, Craig’s List founder Newmark, tells the New York Observer, explaining why he uses a combo of customer feedback and his own memory—instead of techie solutions like IP-address... More »

MORE ABOUT:
technology • Internet • entrepreneurs • Craig Newmark • online fraud • NYPD • real estate • New York real estate • fraud • Craigslist

18 Stories


from our news partners