Buy your tickets for TRData’s Big Data + Real Estate Forum

To get an edge in the fiercely competitive world of New York City real estate, insiders are turning more frequently to Big Data and technology. In response to the expanding demand for actionable intelligence in one of real estate’s most dynamic fields, The Real Deal is hosting a Big Data + real estate Forum on…

Aurora, Gottlieb secure $55M loan for Gansevoort project

A judge ordered them to stop the work. But it won’t stop the money. Aurora Capital Associates and William Gottlieb real estate, the forces behind the Gansevoort Street redevelopment project in the Meatpacking District, took a $55 million mortgage backed by two buildings at the site, according to documents filed with the city Wednesday. The…

Buyers of $8M Porsche Design unit mentioned in Panama Papers

Porsche Design Tower A company tied to two people mentioned in the Panama Papers database paid $8.2 million for a unit at Porsche Design Tower in Sunny Isles Beach. Records show Collins 2154 LLC, led by Luis Armando Barrera Palacios and Emma Rosa Macchiavello Teevin, acquired unit 2301 at the 60-story, 132-unit building at 18555 Collins…

Blackstone, Fairstead sell 18-story Kips Bay rental for $52M

Blackstone Group and Fairstead Capital quietly sold an 18-story Kips Bay rental building to Adam and Aaron Daniels’ A.D. real estate Investors for $52 million, sources told The Real Deal. Since the firms paid $690 million for the Caiola family’s 24-building Manhattan multifamily portfolio in 2015, they have quietly looked to sell at least a…

The week in real estate market reports

According to the most recent market reports, Manhattan co-ops were popular in January, new development deals in the mid-market price range increased in 2016, and rental prices in Manhattan, Brooklyn, and Queens stayed basically flat in January. Residential Manhattan, Brooklyn and Queen rental report | MNS Rental prices January stayed basically flat, increasing by less…

Kuafu development chief Jeff Dvorett jumps ship to Midwood

Jeff Dvorett, who joined Kuafu Properties as head of development in 2014, is leaving the firm, the latest executive shake-up at the Chinese private equity-backed developer. Dvorett is taking on a new role at Midwood, a New York-baded real estate development and investment firm led by John Usdan. A spokesperson for Midwood said Dvorett, formerly…

US home sales climb in January to a 10-year high

Aerial view of houses in Elizabeth, New Jersey (Credit: Getty Images) From the New York website: The number of home sold across the country climbed in January to the highest level since February 2007 despite limited supply and rising prices. Deals on previously owned homes, which comprise the overwhelming majority of U.S. sales, hit a…

Karim Rashid lists his all-white Hell’s Kitchen home

From Luxury Listings NYC: Interior designer Karim Rashid — whom Time magazine once described as the “most famous industrial designer in all the Americas” — just listed his townhouse at the Dillon on 425 West 53rd Street for $4.7 million. [more] … [more]

US home sales climb in January to a 10-year high

The number of home sold across the country climbed in January to the highest level since February 2007 despite limited supply and rising prices. Deals on previously owned homes, which comprise the overwhelming majority of U.S. sales, hit a seasonally adjusted annual rate of 5.7 million in January, a 3.3 percent increase from December, according…

Brickell tower planned for Burger King site scores approval

Renderings of “18” A city of Miami board recommended approval of another Brickell high-rise near Brickell City Centre.  The Karam Group is planning to develop the property at 10 Southwest Eighth Street, which is currently home to a Burger King-anchored shopping strip at 10 Southwest Eighth Street into a 78-story, 392-unit mixed-use tower. The Miami…