A Big Deal, Even in Manhattan: A Tower Goes for $1.8 Billion
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The Kushners, a New Jersey real estate family, are paying three times what the seller paid for the building six years ago.
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Developers are creating what would be the financial districtâs first office tower with a country clubâs exclusivity in the Woolworth Building.
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NEW YORK -- Rupert Murdoch, the billionaire CEO of News Corp., has reportedly offered to buy a three-story penthouse for $44 million, which would be the highest price ever paid for a Manhattan by about $1.75 million if the deal goes through.
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_ An 18,000-square-foot estate on eastern Long Island has been sold for $45 million, reportedly the most ever paid for a home in New York State.
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The $1.8 billion facility will demonstrate a novel technology to fight global warming.
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The value of New York City real estate rose 18 percent to nearly $797 billion from last year, a new mayoral report said on Friday, an eye-catching sum that reveals the desirability of the city's commercial and residential buildings.
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One Beacon Street, one of Boston's earliest prominent office towers, was sold yesterday for about $340 million, the third time in two years a sale had been in the works for the 34-story building.
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The museumâs new home, which is expected to be completed by the end of 2009, will face Central Park and cost about $80 million, according to officials.
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Relatively well-off people in Manhattan or San Francisco or Seattle tend to pay their rents. Financial markets, especially the asset-backed ones that are so key to leveraged buy-outs, like this kind of stability. So it is fairly surprising that real estate investment trusts focusing on apartments have not been the subject of private equity interest - until now at least. On Tuesday, Tishman Speyer Properties and Lehman Brothers (NYSE:LEH) offered an enterprise value of $22bn for Archstone (NYSE:ASN)-Smith, known for its high-quality portfolio in sought-after cities such as New York.
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Boston Properties Inc., the real estate investment trust run by billionaire Mortimer Zuckerman, agreed to sell 5 Times Square for about $1.28 billion, a record price for a New York City office tower.
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Long Island City, Queens, has nearly a million square feet of commercial office space coming out of the ground within the next year.
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The New York Times just moved into a new $600 million, 52-story building and all people want to talk about is the mice. Or the leaks. Or the screwy elevators.
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NEW YORK -- In 21st-century Manhattan -- hyper-gentrified home of the $25 million condo, the $40 million Prada "epicenter" store and the $1,000 caviar pizza -- perhaps it is no wonder that even the iconic yellow cab has a new designer look.
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Manhattan's tower of steam is just one more dramatic example of the cost of letting urban infrastructure deteriorate
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Rupert Murdoch, the billionaire CEO of News Corp., has reportedly offered to buy a three-story penthouse for &#36;44 million, which would be the highest price ever paid for a Manhattan apartment if the deal goes through.
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he co-owner of the New York Islanders hockey team is proposing a 60-story tower in the center of Nassau County - more than triple the height of the tallest existing building on Long Island.
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A string of bidders are vying to pay about $5bn (Â£2.6bn) for a chunk of prime real estate in Lower Manhattan.