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Blackstone Buys Stuy-Town

When you often hear about high-profile real estate development deals in New York, you hear “Hudson Yards”, or “432 Park Avenue” or “One57.” These luxury areas and condominiums have captivated the attention of real estate developers and buyers alike with floor-to-ceiling windows, killer views, and price tags in the tens or even hundreds of millions. A name like Stuyvesant Town just doesn’t ring any bells or hold any weight, until now.   A few days ago, Blackstone announced that, along with Ivanhoe Cambridge, they’d be purchasing the ...

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27 Oct 2015

LaGuardia Airport’s Revamp and The Real Estate Market

Monday, Vice President Joe Biden and New York Governor Andrew Cuomo announced that LaGuardia will be receiving a total revamp; the isolated terminals will be rebuilt under the same roof, and operating space for planes will be doubled to ease congestion.   “I wish everything I said that was truthful but controversial would turn out this well,” Biden joked, after calling LaGuardia Airport a “third-world terminal” last year.   The revamp would modify the entire shape of the airport, which is presently squeezed onto a small, irregular waterfront pro...

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28 Jul 2015