A long-awaited — and hotly contested — development project near the Brooklyn Botanic Garden is finally firming up.  Developer Yitzchok Schwartz is planning roughly 300 condo units at 960 Franklin Avenue with a projected sellout of $273 million, according to an offering plan filed with the State Attorney General’s office. The Crown Heights building will span seven stories and include unit sizes ranging between one- and two-bedrooms.  Prices at the development start at just under $600,000 for a one-bedroom condo with a small terrace on the first floor. The priciest apartment is a two-bedroom unit featuring two terraces on the […]

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Amazon is expanding its same-day grocery delivery service to more than 1,000 cities with plans to double the number of places it serves by the end of the year.

The Farmer’s Dog has a new place to curl up — only this kennel comes with Soho views.  The fresh pet food company signed a five-year lease for 58,000 square feet at 568 Broadway, more than tripling its footprint, the Commercial Observer reported. The brand is taking the entire 10th and 11th floors of the 12-story Prince Building, owned by a joint venture between Aurora Capital Associates, A&H Acquisitions and Allied Partners. Asking rent was $120 per square foot, according to the outlet’s sources. Other spaces in the building command anywhere from $86 to $108 per foot. The Farmer’s Dog […]

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Grover Cleveland isn’t one of the most renowned leaders in United States history, but a buyer was still willing to pay a pretty penny for the rare opportunity to own a former president’s private residence. Cleveland’s former home at 15 Hodge Road in Princeton, New Jersey sold for $5.3 million, Mansion Global reported. The sellers listed the home last spring for slightly under $6 million. Dubbed “Westland,” the property last traded hands a decade ago for $4.3 million. The seller could not be reached for comment by the outlet, while the buyer’s information was not disclosed. The sale of the […]

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The company behind Argus, a near-ubiquitous piece of commercial real estate software, is up for sale. 

The president has crowed about the billions of dollars collected so far from tariffs. That money could be at risk if the White House loses the legal battle.

Scott Rechler’s RXR Realty is washing its hands of the first office it ever acquired in Brooklyn. Lincoln Property Company and Cross Ocean Partners joined forces to acquire the leasehold interest on the office building at 470 Vanderbilt Avenue in Clinton Hill, Commercial Property Executive reported. A sale price wasn’t disclosed, but sources told The Real Deal it changed hands for $70 million, or $108 per square foot. The ground lease with Sol Goldman Investments still has 60 years left on it. The balance on the leasehold’s loan, last known to be refinanced in 2019, is $182 million. CBRE’s Doug […]

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Real estate firm Ponte Equities is cashing in on a piece of 70 Vestry Street.  The family-run firm sold unit 10W for $18.5 million to another owner in the building, in what one broker who has sold in the building called a “super off-market” deal.  The sale is the first at 70 Vestry for Ponte, which sold the site that became the luxury condo to Related in 2014 for $115 million. As part of the deal, Ponte was allowed to buy 15 of the 46 units that Related developed at the site for a steep discount. The two firms have […]

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A penthouse snagged a new record price per square foot in East Williamsburg.  The condo at 28 Herbert Street sold for $3.1 million, or $1,925 per square foot, according to documents reviewed by The Real Deal. The deal unseated a penthouse at the Umbrella Factory, which sold for $1,865 per square foot in 2023, and a penthouse at 392 Graham Avenue, which sold for $1,845 a foot last August.  Unit PHB spans 1,610 square feet and features three bedrooms, two bathrooms, floor-to-ceiling windows and an 800-square-foot terrace.  The apartment was the most expensive unit at the building known as Williamsburg […]

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The S&P 500 is approaching a record on bets that Federal Reserve will lower borrowing costs despite uncertainty over President Trump’s trade war.