The Museum of Modern Art Design Store could be moving to another location, due to rising rents. The store’s 14,500-square-foot space at 81 Spring Street is on the market, according to Crain’s. The three-level retail space has an asking rent of an annual $2.5 million, according to the website, about three times more than what the MoMa shop paid when it moved in 13 years ago. MoMA‘s lease expires in July 2016. While the store is negotiating … [more]
Could it be time to cash out some home equity by refinancing your mortgage? For growing numbers of owners, the answer this year is an emphatic yes, at least according to new data from some major lenders. In a cash-out refinancing, you convert part of your home equity into money, adding to your mortgage balance. Say you have a $400,000 home with a $200,000 first mortgage. You have $200,000 of equity and a couple of … [more]
Cushman & Wakefield buys Chicago commercial firm. Real Housewife Bethenny Frankel picks up $4.2 million Soho pad. A peek at Legacy Group’s Meatpacking District hotel project. Read these stories and more after the jump.
From the April issue: JMH Development, the New York firm founded by Jason Halpern, last month launched sales of Three Hundred Collins, a 19-unit luxury condo in Miami Beach’s South of Fifth neighborhood, Developer Gil Dezer is touting man caves and more in this month’s Florida market report. [more]
The Orbach Group purchased a 48-unit rental building on the Upper West Side for $27.5 million, city records show. The New Jersey-based landlord bought the 42,185-square-foot property at 204 West 108th Street, known as the Canterbury, from Lyons Pride Realty, records filed with the city today show. Orbach could not be immediately reached for comment. Lyons Pride purchased the building in 2008 for $16.7 million, records show. According to a listing with Massey Knakal’s Hall Oster and Teddy Galligan , … [more]
Our annual NewSchools Summit is coming up in less than two weeks, on May 6. Leading up to it, we’re featuring conversations with some of our exciting presenters. Today we’ll hear from Kriste Dragon, co-founder and CEO of Citizens of the World Charter Schools. After earning her law degree and then spending years working as a math teacher, professional development coordinator, and operational leader in Los Angeles area schools, Kriste founded Citizens of the World in order […]
Get your tickets now! Real estate heavyweights will gather on Thursday to discuss South Florida’s thriving market with special attention paid to Broward County, where the industry is seeing an uptick in activity as both foreign and domestic investors look north of Miami. The Real Deal South Florida’s Broward County Forum & Showcase will take place April 23 at the Design Center of the Americas in Dania Beach. In addition to our new development showcase, the event will feature a panel discussion … [more]