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Hollywood A-Listers Seek to Revive Long-Vacant Historic NYC Theater

Hollywood A-Listers Seek to Revive Long-Vacant Historic NYC Theater

by Phil Hall | Jul 26, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A historic New York City theater which has been vacant for nearly two decades may have a new lease on life via a coalition of Hollywood power players. IndieWire reports the Metro Theater in Manhattan’s Upper West Side is the subject of acquisition discussions led by...
Trump Seeks Reduction or Dismissal of $454 Million Judgment in Real Estate Valuation Fraud Case

Trump Seeks Reduction or Dismissal of $454 Million Judgment in Real Estate Valuation Fraud Case

by Phil Hall | Jul 23, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Lawyers representing former President Donald Trump have filed an appeal seeking to either reduce or dismiss the $454 million judgment levied earlier this year in the New York City-based civil fraud case related to the valuations of his real estate assets. The New York...
Icon Parking, NYC’s Largest Parking Company, is Acquired

Icon Parking, NYC’s Largest Parking Company, is Acquired

by Phil Hall | Jul 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Icon Parking, New York City’s largest parking company, has been acquired by a partnering of The Broe Group, a private investment firm, and Hudson Valley Parking Trust. Founded in 1947, Icon Parking is the largest minority-owned parking management, operating and...
All Units Sold at NYC Luxury Condo Giorgio Armani Residences

All Units Sold at NYC Luxury Condo Giorgio Armani Residences

by Phil Hall | Jul 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

SL Green Realty Corp. announced the sellout of the luxury Giorgio Armani Residences on Manhattan’s Upper East Side. According to the company, all 10 residential units within the condominium project are now under contract for gross consideration totaling $168.2...
Proposed Law Would Require Air Conditioning for All NYC Tenants

Proposed Law Would Require Air Conditioning for All NYC Tenants

by Phil Hall | Jul 17, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bill that was recently introduced in the New York City Council would require landlords to buy, install and maintain air conditioning units or cooling systems for their tenants. Although 91% of the city’s households have air conditioning, roughly 350 New Yorkers die...
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