Real Estate News

Fresh Prince of W. 15th St.19 Jun 2013 | 3:05 am EDT | Copyright 2012

The last remaining unfettered development site in the Meatpacking District is going to morph from wood to wow. We’ve learned the Prince Lumber Co. at 61 Ninth Ave., on the southwest corner of West 15th St., will soon relocate to Clinton so its current valuable site can host a... continue reading

Meticulous Midcentury Reboot19 Jun 2013 | 12:18 am EDT | copyright © 2013 Dow Jones & Company, Inc.

To revive this A. Quincy Jones-designed contemporary in Beverly Hills, the owner took a 'forensic' approach to piecing together its past. continue reading

China's Wanda to Expand Overseas19 Jun 2013 | 12:18 am EDT | copyright © 2013 Dow Jones & Company, Inc.

Chinese property conglomerate Dalian Wanda Group plans to expand its luxury real-estate and hotel business overseas, as it builds the world's first Chinese luxury hotel outside of China's mainland. continue reading

Lease REITs Take a Big Turn18 Jun 2013 | 11:25 pm EDT | copyright © 2013 Dow Jones & Company, Inc.

Shares of real-estate investment trusts have been hammered in the past month as interest rates have risen, but few have been hit as hard as companies that own properties leased to single tenants such as fast-food restaurants and convenience stores. continue reading

Rubin Schron offers $2B for Empire State Building18 Jun 2013 | 11:10 pm EDT |

Rubin Schron, president of Cammeby’s International and one of the city’s major property owners, has offered $2 billion in cash to buy the Empire State Building, according to a letter an attorney for the investor sent Tuesday to an attorney for Malkin Holdings, the firm that controls the iconic skyscraper. Schron proposed to make a $50 million non-refundable deposit once the contract was signed, and close within 90 days, the letter, written by Stephen Meister,... [more] continue reading

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