The Kushner property empire is under threat

Kushner Companies’ real estate kingdom is under threat from a ticking debt clock on the firm’s flagship asset and an ever-shrinking pool of investors willing to consider rescuing it. Meanwhile, the firm is retreating from one of its biggest Brooklyn bets and continues to face government scrutiny into the business dealings of its former CEO[…]

What if the Statue of Liberty was a luxury condo conversion?

From LLNYC: “Hello muddled cocktails. Goodbye huddle masses.” That’s an invitation for you to “immigrate to luxury” at One Liberty — a hilarious (terrifyingly real) real estate parody website. “Give us your inspired, your influencers, your trendsetter looking for the latest in luxury living spaces with bespoke interiors, stainless steel appliances and a 24-7 concierge,”[…]

LA firm scoops up Jehovah’s Witnesses building for $58M

The Jehovah’s Witnesses sold off another piece of their dwindling Brooklyn real estate portfolio to Los Angeles-based real estate investor Hawkins Way Capital for $58 million. Hawkins bought the 12-story, 97-unit apartment building at 97 Columbia Heights, according to Leslie J. Garfield Real Estate. The Witnesses bought the 88,610-square-foot building in 1986 from developer Ian[…]

Over 90% of retail sales occur in brick-and-mortar stores

According to this week’s market reports, over 90 percent of retail sales occur in brick-and-mortar stores, and by one measure, one-bedroom rents in New York are down 9 percent year-over-year. Residential Luxury sales | Olshan Realty Fifteen residential contracts were signed last week at $4 million and above, the ninth consecutive week with fewer than[…]