Rep. Maloney & East 10th Street Community Want Nasty Garbage Trucks Out

Rep. Maloney and East 10th Street Community Call on NYC Department of Sanitation to Remove Disruptive and Offensive Sanitation Trucks from their neighborhood. The trucks emit a terrible smell that lingers along the street and negatively impacts the residences and five restaurants on the block. The Full Press Release and Letter from Rep. Maloney: NEW YORK, NY ​– Today, Congresswoman Carolyn B. Maloney (NY-12) joined elected officials, community leaders, business owners, and residents from East 10th Street to call on the…

AROUND TOWN: upcoming events you need to know about

AROUND TOWN: upcoming events you need to know about ULI Fall Meeting Sept. 18-21: Increasing diversity within the real estate industry, as well as incorporating sustainability in transactions, are among the topics that industry experts will discuss at the Urban Land Institute’s 2019 Fall Meeting at the Walter E. Washington Convention Center in Washington, D.C. This year’s speakers include Nikki Haley, US Ambassador to the United Nations and Amazon’s director of worldwide economic development Holly Sullivan. For information visit www.fall.uli.org ICSC PA/NJ/DE Conference Sept.…

Cancer researchers get new HQ

Cancer researchers get new HQ Colliers International Group Inc. has secured a long-term lease within the corporate campus located at 777 Scudders Mill Road in Plainsboro, New Jersey. Genmab A/S, an international biotechnology company specializing in the creation and development of differentiated antibody therapeutics for the treatment of cancer, will relocate its U.S. headquarters office and establish a best-in-class research lab at the site. Genmab will become the first new tenant at the campus since the relocation of Bristol-Myers Squibb.…

Ariel tapped to market pair of commercial condo buildings

Ariel tapped to market pair of commercial condo buildings Ariel Property Advisors has been retained on an exclusive basis by Adam America Real Estate to market commercial condominiums at 717 Driggs Avenue in Williamsburg and 317 Schermerhorn Street in Downtown Brooklyn. The collective asking price for the two Brooklyn properties is $10.7 million. Exclusive Ariel Property Advisors agents Sean R. Kelly, Esq., Shimon Shkury, Michael A. Tortorici and David Khukhashvili have been hired to market both properties. 717 Driggs Avenue…

Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory It’s not Manhattan real estate, but President Trump sees the upside in Greenland, an autonomous Danish territory surrounded by the Atlantic and Arctic oceans. Trump has brought up the idea of buying Greenland with his advisors on multiple occasions and directed his White House counsel to look into the matter, according to the Wall Street Journal. Buying the entire 811,000-square-foot island of Greenland from Denmark has been considered before, albeit…

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case Back in the spring, lender Maverick Real Estate Partners lost a foreclosure case it filed against the owner of a Chelsea apartment building. But the legal battle isn’t over. Landlord Andreas Steiner claims in a new lawsuit that Maverick continues to charge punitive default interest at the rate of 24 percent a year — or, as of May 30, about $1.4 million —…

Developer claims Hudson Valley leaders want to keep Hasidic Jews out, Apple searching for massive New York office: Daily digest

Developer claims Hudson Valley leaders want to keep Hasidic Jews out, Apple searching for massive New York office: Daily digest Every day, The Real Deal rounds up New York’s biggest real estate news, from breaking news and scoops to announcements and deals. We update this page at 9 a.m., 12:30 p.m., and 4 p.m. ET. Please send any tips or deals to tips@therealdeal.com This page was last updated at 12:30 p.m.   Developers of a Hudson Valley project say local…

Related is the latest developer to target the Rockaways

Related is the latest developer to target the Rockaways The Related Companies is planning a 149-unit residential building in Far Rockaway. Jamar Adams, a former professional football player who now works at Related, pre-filed an application with the Department of Buildings on Monday for the project. It will be located at 14-06 Gateway Boulevard and span 133,000 square feet, split between 125,000 square feet of residential space and nearly 8,500 square feet of commercial space. The project will stand nine…

Brooklyn rents hit a record high in July: Elliman report

Brooklyn rents hit a record high in July: Elliman report Rents are rising while concessions are falling in Manhattan and Brooklyn, but the opposite is happening in Queens, according to  Douglas Elliman’s July report on the city’s rental market. Manhattan’s median rent increased by 5.7 percent year over year to hit $3,595, and Brooklyn’s median rent went up by 1.7 percent to hit $3,000, a new record for the borough. In Northwest Queens, however, median rents dropped 3.6 percent, compared…

Government will back more condo loans amid cooling housing market

Government will back more condo loans amid cooling housing market Amid a cooling housing market and growing concerns about a recession, the Trump administration is making it easier for first-time condo buyers to get a government-backed mortgage. The Federal Housing Administration is backing more loans for those first-time buyers, according to the Wall Street Journal. FHA loans require significantly lower credit standards than conventional loans and only require a 3.5 percent down payment. The FHA predicts it could insure as…