Blackstone president still sees opportunity in US real estate

The U.S. real estate market may have slowed down, but Blackstone Group president Tony James still sees plenty of opportunities for profit. “Real estate is a gargantuan market,” he said during the company’s quarterly earnings media call Thursday. “There are always undermanaged assets.” Blackstone has been investing heavily in logistics real estate, hoping to capitalize[…]

Billionaire Anand Mahindra to launch Manhattan real estate venture

Anand Mahindra, the billionaire head of Indian conglomerate Mahindra Group, has teamed up with Rotem Rosen and a former Deutsche Bank executive to launch a real estate company focused on Manhattan properties. Called MRR Holdings, the firm plans to invest in office, residential and hotel properties in Manhattan, targeting undervalued assets and holding over the[…]

We’re cool, too! Marketers target Williamsburg residents ahead of L train shutdown

With the looming L train shutdown, landlords are trying to lure Williamsburg residents to other parts of Brooklyn and even New Jersey. The hashtag #Williamsburg (perhaps sneakily) on Instagram brings up pictures of TF Cornerstone’s 33 Bond Street, a new apartment building in Downtown Brooklyn. Paid links show prospective tenants searching for Williamsburg rentals listings[…]

Police: Wannabe squatter tried to break into Keith Rubenstein’s townhouse. While he was home.

A would-be squatter attempted to break into developer Keith Rubenstein’s Upper East Side mansion to make the property his new home, police said. Spencer Washington, 48, hired a locksmith and showed up to Rubenstein’s townhouse at 8 East 62nd Street around 4:30 p.m. on Sunday so that he could get inside the property and squat there, the New York[…]

Meet the little-known titan who built some of NYC’s most iconic properties

From the October issue: The Flatiron Building, the Plaza Hotel and One Times Square are some of New York City’s most recognizable properties. The developer behind them, however, has long been forgotten. Harry St. Francis Black, who was considered the country’s first national developer and at one point the “world’s greatest landlord,” oversaw the construction[…]