News

$1.7B Light Rail Transportation System Linking the Brooklyn-Queens Waterfront Has Been Proposed

The dream of having a light rail transportation system in the areas of Brooklyn and Queens is becoming a reality. In July last year, the advisory committee comprised of developers, transportation experts and civic organizers, addressed the need for a more robust light rail system that could connect Brooklyn and Queens.

Real Estate News: The Blackstone Group’s Purchase of Stuyvesant Town Includes $625M in Air Rights

The Blackstone Group and Ivanhoe Cambridge’s huge purchase of Stuyvesant Town and Peter Cooper Village has become a world record. It was revealed that as part of the $5.4 billion deal, 4,500 of the complex’s 11,200 apartments for middle-age income families would be reserved for the next 20 years, with the addition of 200 units to be set aside for low-income tenants.

Celebrity Real Estate: Late Actress Betsy von Furstenberg's Central Park West Pad Sold for $7.5M

The penthouse in the Bolivar at 230 Central Park West, which belonged to the late actress Betsy von Furstenberg, has sold for an impressive price of $7.5 million, because it had an asking price of $5 million in just eight short days after it was listed.
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