Downtown Alliance, Downtown Brooklyn Partnership have evolved into power brokers By Kathryn Brenzel From the back, from left to right: Steve Roth, Larry Silverstein, MaryAnne Gilmartin and Stephen Ross; the front, from left to right: Tucker Reed and Jessica Lappin When Tucker Reed learned of JDS Development Group’s plans to bring a 1,000-foot [...]
Unit of German insurer Allianz buys 44% stake in Hudson Yards Tower, including luxury retailer’s share By MARIA ARMENTAL Guests arrive during the opening of Coach Inc.'s new offices at 10 Hudson Yards in May. PHOTO: BLOOMBERG NEWS Coach Inc. sold its headquarters in New York’s Hudson Yards development for $707 million under a [...]
Elon Musk The first master plan that I wrote 10 years ago is now in the final stages of completion. It wasn't all that complicated and basically consisted of: Create a low volume car, which would necessarily be expensive Use that money to develop a medium volume car at a lower price Use [...]
Augmented Reality (AR) is not new, but thanks to Pokémon Go it is newly relevant. The game has broken every record for adoption, users, and time spent, and it has given Nintendo a much-needed boost in both buzz and market cap – oh, and it’s super-fun to play. Even if you never download the game [...]
Diana Olick On a steamy summer night near Manhattan's Washington Square Park, real estate agent Jay Glazer hoped a redesigned roof deck might help draw potential buyers to the open house at his $1.5 million listing but, just in case, he added this to the ad: "I'm fairly certain there is a PIKACHU at this [...]
Jared Kushner co-founded crowd-investing platform Cadre in 2014 Patrick Clark | Bloomberg News This spring, the real estate startup Cadre e-mailed a small group of investors, offering them the chance to buy part of a 100,000-square-foot office building in Greenwich, Conn. They were directed to a web page where they could see video from a drone flyover and listen to the [...]
New Yorkers spend about $22 billion a year on electricity, according to the U.S. Energy Information Administration. Not surprisingly, state and municipal governments continue their efforts to raise citizens’ awareness of electricity consumption, promote conservation efforts, and reduce overall demand. With New York City’s groundbreaking Local Law 88 (LL88) on the books, the energy industry [...]
Trick used to build higher angers neighbors By Joe Anuta and Daniel Geiger Photo: CityRealty Rendering of JD Carlisle and Fosun's proposed condo project at 30th Street and Madison Avenue (highlighted by red arrow). A plan to jack a new condo tower 155 feet above its neighbors has sparked a millionaires' catfight over views, [...]
Britain's decision to leave the European Union is a good thing for the local market, but weak pound could mean trouble for the sale of multimillion-dollar condos By Daniel Geiger Brexit could buoy foreign investment in New York City properties. Top real estate executives greeted Britain's decision on Thursday to exit the European [...]
By Morgan Halberg • 06/24/16 3:44pm Industry experts weigh in on how the historic Brexit will impact the city's real estate economy The United Kingdom has opted out of the European Union. Now what? (Photo by illustration by Christopher Furlong/Getty Images) The United Kingdom’s historic decision to leave the European Union this morning had [...]
