AmBase may try to sell its 111 West 57th Street “interest”

  Does anyone want to buy some lawsuits? AmBase Corporation, an investor in the supertall condominium project 111 West 57th Street, is considering selling its stake, according to a new filing with the U.S. Securities and Exchange Commission. There’s just one catch: AmBase no longer owns a stake following the tower’s August foreclosure. The Connecticut-based[…]

Steve Roth apparently supported Trump’s decision to back out of Gateway funding plan: report

It seems Vornado Realty Trust’s Steve Roth backs President Trump’s decision not to pay for half of the Gateway tunnel project. In an email exchange with Transportation Secretary Elaine Chao and Richard LeFrak, Roth responded to a story that appeared in the Weekly Standard about the project, Politico reported. The story — forwarded by Chao,[…]

Westchester & Fairfield Cheat Sheet: Financial services firms lead Stamford office bounce back, townhouse community planned for Greenburgh … & more

Stamfords pick up the slack in the Fairfield County office market A strong close to 2017 for the Fairfield County office market was a decided improvement from the sluggish first half of 2017, with approximately 1.5 million square feet of leasing activity by financial services firms in the fourth quarter, a CBRE report found. Availability[…]

Manhattan retail asking rents dropped nearly 20% in 2017

According to this week’s market reports, Fifth Avenue ranked as the second-most expensive retail street in the country and asking rents in Manhattan retail corridors dropped by over 18 percent. Residential Rentals | RentCafe Manhattan and Brooklyn rents posted moderate declines in January. In Manhattan, rates dropped one percent year-on-year to $4,079. Brooklyn, meanwhile, saw[…]

Jon Bon Jovi sells West Village duplex

This hometown boy, born a rolling stone, is now rolling away from 150 Charles Street. Jon Bon Jovi sold his three-bedroom duplex at the West Village condominium building, the Wall Street Journal reported. The 4,000-square-foot apartment was last listed for $15.95 million. The rocker purchased the apartment in 2015 for $12.9 million. He initially listed[…]