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[…]

The Real Deal’s June issue is live!

Charlie Kushner, founder of the Kushner Companies, would like you to know that two investigations into his company are kaput. “I also want to point out, the U.S. attorney opened an investigation on us, right? You know what they told us, as of in the last month? That the investigation is not active anymore because[…]

Surprise! NYC remains most expensive place to build in the world: report

Though construction spending cooled slightly last year, New York City remains the most expensive place to build in the world with an average cost of $362 per square foot. That’s a 3.5 percent year-over-year increase, and another 3.5 percent hike is expected in 2018, according to Turner & Townsend’s 2018 International Construction Market Survey. San[…]

BCN to buy Union Theological Seminary’s dorm for $50M-plus

Craig Nassi of BCN Development plans to buy and renovate Union Theological Seminary’s dormitory. Nassi is paying more than $50 million for the gothic-style dormitory at 97 Claremont Avenue in Morningside Heights, the New York Post reported. Nassi will renovate the building’s interior, likely for residential use. The dormitory currently features 82 rooms and spans[…]