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St. Patrick’s Cathedral Sells Air Rights to Ken Griffin

St. Patrick’s Cathedral Sells Air Rights to Ken Griffin

by Phil Hall | Dec 13, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New York City’s landmark St. Patrick’s Cathedral is in a contract to sell some of its air rights to hedge fund executive Ken Griffin. Bloomberg reported Griffin, the CEO of Citadel LLC, is partnering with Vornado Realty Trust and Rudin Management on the creation of a...
Former NYC Prison to be Repurposed as Affordable Homeownership Complex

Former NYC Prison to be Repurposed as Affordable Homeownership Complex

by Phil Hall | Dec 6, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A former prison in the Harlem section of New York City has been proposed for redevelopment as an affordable homeownership complex. New York Gov. Kathy Hochul has presented Seneca, the selected proposal to repurpose the former Lincoln Correctional Facility, a...
Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price

Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price

by Phil Hall | Nov 30, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The New York City townhome that was the residence of award-winning composer and lyricist Stephen Sondheim from 1959 until his death in 2021 was sold for its $7 million asking price. Compass listing agent Michael Franco confirmed the sale to the Wall Street Journal but...
Hits and Misses for the Real Estate Week of Nov. 20-24

Hits and Misses for the Real Estate Week of Nov. 20-24

by Phil Hall | Nov 24, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Seller confusion on agent commissions, a new hotel in Harlem and a San Francisco landmark getting a lift ahead of a potential flooding. From the wild and wooly world of real estate, here are the hits and misses for the week of Nov. 20-24. Miss: Who Pays for What? One...
New York City’s Newest Hotel Opens in Harlem

New York City’s Newest Hotel Opens in Harlem

by Phil Hall | Nov 22, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Renaissance Hotels, part of Marriott Bonvoy’s global portfolio of over 30 hotel brands, has announced its fifth New York City property with the opening of the Renaissance New York Harlem Hotel. The new hotel is the brand’s first in the celebrated Manhattan...
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