Simons Foundation to pay $1,500 psf to acquire office portion of 160 Fifth Avenue

A mathematics and science research foundation plans to buy the office portion of RFR Holdings’ 160 Fifth Avenue for roughly $185 million. The Simons Foundation is purchasing the 150,000-square-foot space in the Flatiron District building, paying $1,500 per square foot, the New York Post reported. RFR, led by Aby Rosen and Michael Fuch, will maintain[…]

The Real Deal’s August issue is live!

Everyone wants in on the real estate startup game. “I don’t think there’s a whiteboard in San Francisco or the Valley right now that doesn’t have ‘real estate tech’ written on it,” said Ryan Simonetti, co-founder of office services startup Convene. The Real Deal‘s cover story this month took a closer look at the sources[…]

City Council approves 70K sf bonus for Madison Equities’ FiDi supertall

The City Council has cleared the way for Robert Gladstone and his partners to add more than 70,000- square-feet to their proposed mixed-use residential tower at 45 Broad Street. Gladstone’s Madison Equities, along with partners Pizzarotti Group, Gemdale Properties and AMS Acquisitions, agreed to build two elevators at the J/Z Broad Street subway station in[…]

Federal authorities: NYCHA cheated federal inspections for lead, mold, rodents

Public housing officials didn’t just lie about toxic lead paint exposure — they also “systematically deceived” federal inspectors to hide widespread mold, rodent infestations, defective elevators and leaks at city apartment buildings, according to a federal complaint filed on Monday. In an 80-page complaint, United States Attorney for the Southern District of New York Geoffrey[…]