Transforming Times Square: RXR and SL Green Eye Office-to-Residential Conversion at 5 Times Square

16 August 2024

Scott Rechler and Marc Holliday, leaders of RXR and SL Green, are considering transforming 5 Times Square from an office building into residential units, according to sources cited by Commercial Observer. This move suggests a shift in strategy, particularly as […]

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The potential impact of Miami’s condo-hotel pipeline delivery

9 August 2024

The Miami condo-hotel market is experiencing a resurgence, with developers eagerly launching new projects to meet growing demand, particularly from foreign buyers. These condo-hotels appeal to investors by offering dual benefits: personal use and the ability to generate income through […]

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Vanbarton unloads FiDi building seized from failed Crowdfunder

2 August 2024

A property in the Financial District that was once part of Prodigy Network’s crowdfunded portfolio has recently been sold for $64.5 million. The building, located at 17 John Street, was purchased by a LLC linked to Housing Solutions, a firm […]

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Gale Miami Hotel & Residences: A New Landmark in Downtown Miami

26 July 2024

The Galbut family, through their affiliate GFO Investments, has completed the Gale Miami Hotel & Residences, a 51-story short-term rental condominium and hotel tower located at 601 Northeast First Avenue in downtown Miami. The development, managed by Sixth Street Miami […]

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North Miami approves Redwood’s 2,200-unit apartment project at Claude Pepper Park, adjacent land

19 July 2024

Redwood Dev Co obtained approval for a 2,193-unit residential complex in North Miami, one of the largest projects in the city’s western region. The North Miami City Council unanimously voted to approve eight 18-story buildings, 121,500 square feet of commercial […]

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Manhattan’s luxury market gains momentum after slow summer start

28 June 2024

Manhattan’s luxury real estate market is recovering after a sluggish start to the summer. Last week, buyers signed contracts for 31 properties priced at $4 million or more, matching the same period last year, according to Olshan Realty’s report. This […]

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Gov. Ron DeSantis signs bill on condo-hotel power balance

28 June 2024

Gov. Ron DeSantis has signed House Bill 1021, addressing the power balance between residents and investors at condo-hotel complexes. Effective July 1, this new law aims to combat fraud, election meddling, and mismanagement within condo associations. A last-minute addition to […]

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Vornado Realty Trust’s 220 Central Park South snagged another top-dollar resale and one of the priciest deals to hit the books so far this year. 

26 June 2024

An unknown entity paid $81.5 million for two units at the Billionaires’ Row tower, marking the second most expensive sale to close in New York City since the start of 2024, according to public records.  The two apartments, units 63 […]

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Back to the voters: Jungle Island owner proposing condo project with Terra

14 June 2024

Jungle Island David Martin’s Terra is partnering with ESJ Capital Partners, the owner of Jungle Island, to propose a residential condo project on Miami’s Watson Island. This proposal requires voter approval and includes purchasing 5 acres of city land for […]

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