Midtown north of 42nd Street, home to both the NFL and MLB headquarters, will soon have another sports front office: the National Women’s Soccer League, which signed a lease at the Feil Organization’s landmarked 551 Fifth Ave., known as the Fred D. French Building. The NWSL is relocating and expanding from 292 Madison Ave. Its new … Read more
A few weeks ago, we described Amazon as an “ever-expanding behemoth” on the Manhattan scene, following its 330,000 square-foot lease signing at 10 Bryant Park. The deal followed its $1 billion purchase of the former Lord & Taylor building and large leases at three other buildings. But Jeff Bezos wasn’t done. On Friday, Amazon closed on … Read more
The COVID-19 pandemic pushed rental prices up across the country, and in two states, renters are paying more than $2,000 a month. Hawaii and California topped the list of the states with the most expensive median rents, at $2,132 and $2,101, respectively, according to a new report from Rentec Direct, a property management software company. Washington is the third-priciest … Read more
Over the past decade, the average size of a newly constructed apartment in the US has shrunk by about the size of a twin bed. Twenty-two square feet, specifically — that’s the average 10-year shrinkage unearthed by RentCafe’s study of 100 US cities with large rental markets. The New York Times first reported the study, … Read more
This sure puts the house in lighthouse. One of New York’s last active lighthouses — still shining over Lake Ontario more than a century after its first beam — is now on the market for $1.49 million. Welcome to the Braddock Point Lighthouse, a meticulously restored 130-year-old property in Parma, near Rochester. While dozens of … Read more
The owners of the 101-year-old Roosevelt Hotel, oft-referred to as New York City’s “New Ellis Island,” have a new redevelopment offer. Shahal Khan’s Burkhan World Investments and its partners want to build a tower on the shuttered hotel’s roughly 42,000-square-foot parcel, Bloomberg reported. The offer would allow the current owner – the Pakistan government’s PIA … Read more
Milwaukee, Wisconsin may be best known for its beer and brats, but these days it’s serving up something else in high demand: apartments. Once a sleeper city on the Lake Michigan shoreline, it’s now one of the nation’s most competitive rental markets. According to RentCafe, roughly 94% of rental units in Wisconsin’s largest city were … Read more
The income needed for a family to buy a typical home in the U.S. has surged by an eye-popping 70% over the past six years, highlighting the mounting housing affordability challenges. Compared with spring 2019, the national household income required to buy a median-priced home has jumped by nearly $47,000, largely driven by increasing home prices and … Read more
China’s “walking stick” skyscraper now has some new legs. Construction on the Goldin Finance 117 tower in Tianjin is set to resume after 10 years, CNN Style reported. Progress on the 1,959-foot-tall tower — making it the tallest unoccupied building in the world — stalled after the Chinese stock market crash of 2015. Now, a … Read more
A beachfront condominium in Marina del Rey, California once owned by rock legend Stevie Nicks has listed for $3.9 million, offering a rare glimpse into the early solo years of the Fleetwood Mac star, according to a press release. The 2,091-square-foot residence, located on Outrigger Street just south of Venice Beach, features two bedrooms, 2.5 … Read more