By New York YIMBY | Michael Young and Matt Pruznick | 1/18/2025 8:01 AM

Construction has partially topped out on 315 Grand Concourse, a 13-story residential building in Mott Haven, The Bronx. Designed by Fischer Makooi Architects for Yechial Lichtenstein of Mint Development Corp., the 134-foot-tall structure will span 192,026 square feet and yield 240 rental units with an average scope of 770 square feet, as well as 7,040 square feet of commercial space, a 44-foot-long rear yard, and enclosed parking for 82 vehicles. The property is located on a triangular parcel bound by Grand Concourse, Walton Avenue, and East 140th Street. ... Read full Story

By New York YIMBY | Vanessa Londono | 1/18/2025 7:30 AM

The affordable housing lottery has launched for Douglass Street Apartments, a 17-story residential building at 164 4th Avenue in Gowanus, Brooklyn. Designed by SBLM Architects and developed by JLL Capital Markets, the structure yields 160 residences. Available on NYC Housing Connect are 48 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $33,875 to $218,010. ... Read full Story

By New York YIMBY | Vanessa Londono | 1/18/2025 7:01 AM

Permits have been filed for a four-story mixed-use building at 449 Broadway in South Williamsburg, Brooklyn. Located at the intersection of Broadway and Hewes Street, the lot is one block from the Hewes Street subway station, serviced by the J and M trains. Yosef Beer is listed as the owner behind the applications. ... Read full Story

By New York YIMBY | Max Gillespie | 1/18/2025 6:30 AM

A new dining concept is set to open at The Wyldes, a residential project located at 1100 South 5th Street in Harrison, New Jersey. The concept, which is being led by Episcope Hospitality, will feature two separate restaurants based on the time of day: Keepers and Keepers Coffee. Developed by Advance Realty Investors, The Wyldes yields 399 units and approximately 70,000 square feet of amenity space. ... Read full Story

By NY Post | Lois Weiss | 1/17/2025 4:31 PM

Third Avenue was never a first for tenants. But as Class A office towers along Fifth, Sixth, Madison and Park avenues lease to capacity, Third is becoming a respectable finish. “All of a sudden there’s a new focus on Third Avenue, not only by the owners, but by the tenancy,” said Dan Shannon, an architect who heads MdeAS.... ... Read full Story

By NY Post | Lois Weiss | 1/17/2025 4:11 PM

Don’t be fooled by those empty storefronts because retailers are fighting to find space in prime Manhattan neighborhoods. “Where there is good product there is competition for it,” said Matt Chmielecki of CBRE.  In Soho, prime corners on Prince and Spring streets have been lapped up, while nearby Broadway is getting tight. The space crunch is forcing tenants... ... Read full Story

By NY Post | Lois Weiss | 1/17/2025 4:04 PM

Trophy offices are so hot, brokers say tenants better put a ring on it before someone else does. Adam Henick of Current Real Estate Advisors had financial clients that were eyeing the newly built boutique office building at 360 Bowery near Soho that could have housed numerous family offices and well-funded tech funds. Then, he recalled, “In... ... Read full Story

By NY Post | Lois Weiss | 1/17/2025 3:57 PM

Calling anyone with cash: There’s never going to be a better time to buy a piece of NYC.  “Values have come down a lot and stabilized in 2024 — and now present an opportunity,” said Ariel Property Advisors’ Shimon Shkury of the market for both office and multi-family buildings. In fact, buyers are now getting pricing last seen 20... ... Read full Story

By NY Post | Mary K. Jacob | 1/17/2025 2:55 PM

At an astronomical price, the property is closing in on the nation’s priciest listing. ... Read full Story

By NY Post | Mary K. Jacob | 1/17/2025 12:39 PM

The Georgian-style property in Winnetka, Illinois, famously known as the McCallister family residence in the 1990 holiday classic, has traded hands. ... Read full Story

By New York YIMBY | Michael Young and Matt Pruznick | 1/17/2025 8:01 AM

Exterior work is progressing on 28 Herbert Street, a six-story mixed-use building in Williamsburg, Brooklyn. Designed by RKTB Architects and developed by Cayuga Capital Management, the 75-foot-tall structure will span 31,600 square feet and yield 16 condominium units with an average scope of 1,259 square feet, as well as 6,250 square feet of community facility space, 4,600 square feet of ground-floor retail, and below-grade parking for nine vehicles. The property is located at the corner of Herbert and Humboldt Streets. ... Read full Story

By New York YIMBY | Max Gillespie and Matt Pruznick | 1/17/2025 7:31 AM

Construction has begun on Charlie, a 27-story residential building within Hoboken Connect at NJ Transit's Hoboken Terminal in Hoboken, New Jersey. Designed by Salas O’Brien and Allied and developed by LCOR, the 365,000-square-foot structure will yield 386 units, with 20 percent designated as affordable housing, as well as ground-floor retail space. ... Read full Story

By New York YIMBY | Vanessa Londono | 1/17/2025 7:01 AM

Permits have been filed to expand a two-story structure into a four-story residential building at 1180 Park Place in Crown Heights, Brooklyn. Located between Troy Avenue and Albany Avenue, the lot is near the Crown Heights-Utica Avenue subway station, serviced by the 4 train. Reuven Kaminetzky is listed as the owner behind the applications. ... Read full Story

By New York YIMBY | Vanessa Londono | 1/17/2025 6:30 AM

Developer The Domain Companies announced today the closing of $218.6 million in financing for Estela, a two-building development in Mott Haven, The Bronx. The 11-story buildings at 414 and 445 Gerard Avenue yield 544 market-rate and affordable housing units and 10,000 square feet of ground-floor retail space. Freddie Mac’s Forward Commitment program provided long-term permanent financing through JLL Real Estate Capital. The Urban Investment Group at Goldman Sachs Alternatives led the Opportunity Zone equity financing for the mixed-income, mixed-use project. ... Read full Story

By NY Post | Lois Weiss | 1/16/2025 4:47 PM

In December, President-elect Donald Trump and SoftBank CEO Masayoshi Son announced $100 billion in US investments to create more than 100,000 new jobs in artificial intelligence and related infrastructure. Then, last week, Hussain Sajwani, the chairman of Dubai-based luxury property developer Damac, stood by Trump at Mar-a-Lago to announce a $20 billion investment in the Midwest and Sunbelt for AI data... ... Read full Story

By NY Post | Lois Weiss | 1/16/2025 4:38 PM

After nearly half a decade of COVID stagnation, morale will be boosted as fresh, high-tech developments that will reshape NYC’s skyline are closer to reality. They’re adding sorely needed housing and new trophy commercial office space. “The sense of stability by having a new president helps the market and it helps that the next president, Donald Trump,... ... Read full Story

By NY Post | Realtor.com | 1/16/2025 3:04 PM

Los Angeles homeowners are worried about the prospect of defaulting on their mortgages in the wake of the wildfires were offered some reprieve from the nation’s major lenders. ... Read full Story

By NY Post | Realtor.com | 1/16/2025 2:04 PM

The enormous scale of the wildfire devastation in Los Angeles County is still coming into focus, but it is already clear that the task of rebuilding to come will be herculean. ... Read full Story

By NY Post | Mary K. Jacob | 1/16/2025 1:58 PM

Set atop the tallest residential building in Queens, a Long Island City penthouse has hit the market for $11,500 a month. ... Read full Story

By NY Post | Jennifer Gould | 1/16/2025 12:18 PM

The estate, at 129 Woodbridge Road, is on the market for $14.95 million -- all just a street away from Mar-a-Lago. ... Read full Story