How to solve New York’s “dire” public housing system

Up for a DIY project or two? New York has 176,000 units of public housing that need repairs to the tune of an estimated $25 billion and tenants and NYCHA feel they may have a solution: privatization. As the blame-game continues between the federal Department of Housing and Urban Development and the city over who will pay for the repairs and maintenance, many are tenants, advocates and Obama-era officials are in favor of NYCHA handing […]


Tudor-style Gramercy penthouse finally sells for $4.4M

A meticulously detailed Tudor-style penthouse that languished on the market for years has finally found a buyer, property records filed with the city Thursday show. Former art dealer and Wall Street computer expert Janos Aranyi lived at the Gramercy apartment for 51 years before selling it last month for $4.4 million. When reached by phone, Aranyi said that he could not recall the name of the buyer, but only that it was a New Jersey-based […]

Bank of America signs 190K sf renewal at Brookfield Place

Bank of America completed an early renewal for four floors at Brookfield Place in Lower Manhattan, sources told The Real Deal. The company signed a deal for 189,124 square feet across floors 37 to 40 at Brookfield Property Partner’s 225 Liberty Street. Bank of America last renewed its lease in 2011, when the 44-story building was still known as 2 World Financial Center. That lease was set to expire in September 2020. Bank of America’s […]

Alex Lifeson to participate in fundraiser for the West End Phoenix community newspaper

Dave Bidini’s West End Phoenix monthly community newspaper for Toronto’s West End launched this past October and Rush’s Alex Lifeson contributes a “storytelling comic” titled The Meaning of Lifeson to the publication, which is illustrated by artist Casey McGlynn. The newspaper will be holding a Phoenix Rising concert fundraiser on Thursday, March 29th at The Great Hall on Queen Street, and Alex Lifeson will be one of the participants. The event will be hosted by Tom Wilson (Lee Harvey Osmond) and also participating will be the Rheostatics, Whitehorse, Nasim Asgari and Special Guests. For ticket information visit this link.

Vornado officially plans to sell its stake in 666 Fifth

Vornado Realty Trust plans to sell its 49.5 percent stake in Kushner Companies’ Midtown office tower at 666 Fifth Avenue, according to an annual performance report it filed with the U.S. Securities and Exchange Commission. Last year, Vornado CEO Steve Roth told shareholders that selling the REIT’s minority position in the tower was a possibility, but this appears to be the first time the company has plainly said that it will not keep 666 Fifth […]

Art Capital sues Croman for backing out of fine art-backed loan

Art Capital, a financial firm specializing in art-backed loans, is suing jailed landlord Steve Croman and his wife Harriet for allegedly backing out of a $50 million loan Croman sought following his guilty plea to mortgage and tax fraud charges in June. According to the complaint, Croman signed a term sheet for a $50 million loan backed by his Upper East Side Mansion and 38 pieces of fine art. The term sheet included exclusivity and […]

Hamptons Cheat Sheet: Harvey Weinstein sells Amagansett mansion for $10M, part of Jackie Onassis’s childhood estate in East Hampton sells for $11.25M, … & more

Harvey Weinstein sells Amagansett mansion for $10M Disgraced movie magnate Harvey Weinstein has sold his Amagansett mansion for $10 million – a far cry from the original listing price of $17.5 million. The five-bedroom, six-and-a-half bath home sits on 1.93 acres at 50 Broadview Road, which also features 260 feet of beachfront on Gardiners Bay. Weinstein and his estranged wife Georgina Chapman de-listed the mansion in October amid the storm of allegations sexual assault allegations […]