Brooklyn’s tallest building is struggling to pay its skyscraping loans. Michael Stern, the developer of 9 DeKalb Avenue’s 93-story The Brooklyn Tower, has defaulted on a $240 million mezzanine loan and now faces foreclosure, the Real Deal has reported. A UCC foreclosure auction has been scheduled for Jun. 10 by Silverstein Capital Partners, which issued
Real Estate
A-list couple Jennifer Lopez and Ben Affleck are back in the Big Apple — and spending time together house hunting on the Upper East Side, sources tell Gimme Shelter. One of the spots they toured was a family-size townhouse at 226 E. 68th St. that’s asking a cool $45,000 a month. Another residence they saw
The Downtown office market is in even worse shape than widely reported data indicate, according to several major dealmakers. One of them, an industry legend not given to doom-and-gloom scenarios, told us that huge amounts of space are quietly up for sublease even at the World Trade Center and Brookfield Place – Lower Manhattan’s best-performing
Glades County is one of Florida’s sparsest locales, a rural expanse with 12,000 residents, two firefighters and no major grocery store. It’s there that Jeff Akerman is springing to life a religious Jewish community of 1,300 homes — the next Williamsburg, Brooklyn, but on Lake Okeechobee. The novel project — planned with two synagogues and
As a divorce lawyer, Julie Hyman deals with non-stop acrimony. “I have a high tolerance for crap,” she said. “I do high-conflict divorces and custody battles for a living.” When it comes to a certain Bronx apartment she owns, however, she has reached her breaking point. Last week, Hyman ran a full-page ad in the
The central Paris apartment of late “kaiser” of fashion Karl Lagerfeld now has a new owner. Located on the third floor of a building overlooking both the Seine and the Louvre, the unit sold for $10.81 million at an auction held at the Chamber of Commerce and Industry of Paris on Tuesday, the New York
Wall Street South execs are moving north — but only a few miles. And they’re not alone, as many house hunters on this end of Florida look to the under-the-radar Palm Beach Gardens — just 12 miles north of Palm Beach, which offers more space and less of a hustle. As The Post reported in
DJ Khaled’s former South Florida mansion is hitting the market for $16.39 million — and much of his furnishings, including three 14-karat gold chandeliers with Swarovski crystals and his sneaker shrine, are part of the deal. The Aventura home, at 3914 Island Estates, includes the music producer’s famed 500-plus sneaker collection room, with its “WETHEBEST”
Not far from Fire Island, an isolated beach house is quietly looking for a new owner — one who doesn’t mind roughing it. This 1,950-square-foot property is located on Oak Island, a lesser known blip of land just north of that famous Long Island vacation community, and across a thin channel from the eastern edge
Face it, leasing activity is less than overwhelming these days. So the heavy-hitters at CBRE took advantage of the lull to give the 8.2 million New Yorkers what everyone was clamoring for: Yes! More of CBRE’s “Real Estate Capital of the World” banners. And with a fresh new look! Some 150 green and white banners now hang along and
New York City is drowning in unpaid water bills — and Manhattan’s boutique Hotel Hayden leads the pack. Since the pandemic, the number of accounts that have failed to pay their water bills has increased significantly, and now the city is clamping down. In a news conference this week, the city’s Department of Environmental Protection,
Beverly Grove Place, a quaint enclave adjacent to Beverly Hills, has long been a coveted address for the rich and famous. With basketball icon LeBron James recently erecting a lavish abode, and power couple Jennifer Lopez and Ben Affleck dropping a cool $61 million on a compound last year, it seemed the epitome of exclusivity.
In Delray Beach, Florida, an eyeball industry tycoon is seeking an princely sum for his lavish compound. Massimo Musa — the co-founder of My Eyelab, the Lasik Vision Institute and multiple other eye-care businesses — on Thursday put his nearly 32,000-square-foot beachfront estate on the market for a cool $60 million. The price tag makes
The US remains the world’s undisputed leader in wealth accumulation — but where within the states that money is concentrated is in flux. According to London-based investment migration consultancy Henley & Partners’ recently released 2024 USA Wealth Report, certain parts of America are seeing their rich resident populations rise rapidly — but they’re not the
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