Post election Hotel Stock Index soars

The recent election of Donald Trump as president of the United States has left many markets in a state of uncertainty. Nevertheless, the hotel industry is looking particularly strong, according to the Baird/STR Hotel Stock Index. Hotel consultant STR reports that the index increased 11.8 percent in November 2016 to close the month at 3,474.[…]

Touring a greenhouse-style penthouse overlooking the Hudson

From Luxury Listings NYC: In a previous life the penthouse at 165 Charles Street was almost certainly a greenhouse. At the way-west pad, glass reigns supreme, and we witnessed it for ourselves during our tour of the swanky spread with Halstead Property’s August Mortimer, for the latest installment of our Big Open House series. [more] … [more] Source: Real[…]

WeWork exec lets go of Greenwich Village co-op

Will Potter, the Director of Organizational Development at WeWork, and Julie Hunt have ditched their Greenwich Village apartment for better things — which we seriously doubt involves a WeLive studio. Potter received $2.45 million for the two-bedroom, two-bathroom co-op at 822 Greenwich Street, according to public records. Chloe and Toni Goutal were the buyers. Toni[…]

New York’s incredibly expensive new subway explains why we can’t have nice things: Opinion

As President-elect Donald Trump is about to take office having promised a burst of infrastructure spending, it’s worth taking a look at the newest, shiniest piece of infrastructure in Manhattan and what it says about why it’s so hard to get anything big built in major American cities. On January 1, the Second Avenue subway[…]

Chetrit gets $128M financing for Jamaica project

The Chetrit Group scored about $127.5 million in construction financing for its planned multifamily redevelopment of the Mary Immaculate Hospital site in Jamaica, sources told The Real Deal. Chetrit is planning a four-building complex at 150-13 89th Avenue in downtown Jamaica, with 324 apartments. The developer acquired the site, which offers more than 415,000 buildable[…]