Page 11 - Pm Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share via Shortlink Jennifer Kalish was Elliman’s top individual broker, while Holly Parker led the top team in Manhattan. (Douglas Elliman) UPDATED, March 5 2021, 5:40 p.m.: Awards season is here for residential brokerages, but like this year’s Golden Globes, it’s being celebrated in a much lower key. Douglas Elliman swapped its gala for an announcement, while Corcoran Sunshine Marketing Group announced its awards virtually. Annual awards are a tradition for some firms, providing a platform for the head honchos to recognize agents who earned the most in gross commission income,...

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The growing attraction of short-term real estate loans during the pandemic is making it easier to borrow to refurbish properties.

Paula Segal, an attorney who represents Tenants United Fighting for the Lower East Side and other neighborhood groups in one lawsuit, said her clients are considering their legal options. Kenneth Kimerling, who represents Lower East Side Organized Neighbors and other organizations that brought a second lawsuit, did not immediately return a request seeking comment. Because the Appellate Division’s decision was unanimous, the groups would need to receive court approval to appeal to the state’s highest court. The three projects — JDS Development’s 247 Cherry Street, L+M Development and C...

15 Park Row (Google Maps) A half-empty apartment building near City Hall has traded hands at a major discount, in an indication of how the pandemic has impacted rental property values. Joe and Rachelle Friedman, the owners of the iconic but now-defunct J&R Music World, sold the 31-story apartment building at 15 Park Row — once the tallest building in the world — to investor Atlas Capital Group for about $140 million, sources familiar with the transaction told The Real Deal. The property includes the retail space that for years served as home for J&R, as well as 330 rental apartments. Rou...