JAD Realty Group

 1185 Broadway Paul Kanavos’ Flag Luxury Group landed a $250 million loan for a planned Ritz-Carlton hotel in NoMad. The building will be constructed on two adjacent parcels with the addresses 1185 Broadway and 29 West 28th Street. Flag Luxury filed permits for the property in 2016, with plans ca...

Imbrex is launching with 2,200 listings from Toll Bros.   Amid ongoing tension between agents and third-party portals over who controls listing data, a New York-based startup is launching what it says is the first blockchain-based multiple-listing service.   Founder Stephen King, a former commerc...

A weekly feature bringing you the industry's latest intel    According to this week’s market reports, Midtown ranked as the sixth most expensive office market in the world and the late photographer Virginia Thoren’s home was the priciest residential deal in contract.   Residential Sales | Leslie ...

Legislation would have eliminated residential floor area ratio    The state Senate has quashed a bill that would have made it significantly easier for developers to build taller, denser residential buildings in New York City.   Legislators voted down a bill that would have eliminated the resident...

The neighborhood has a staggering pipeline of 1,928 new condo units — not including those currently under contract  1 Beekman Street, 25 Park Row, and 45 Broad Street    The Financial District has undoubtedly come a long way since the turn of the millennium, when its streets went dark at the end ...

Six months after his arrest, Heller is due back in court. A judge had allowed him to pursue "real estate deals" in NY, Washington, D.C., and Puerto Rico.  Jonas Heller    When a Colorado State Trooper pulled over Jonas Heller on Interstate 70 in late December, he suspected — or smelled — much mor...

Affordability is at the lowest level since 2008    U.S. home prices are the least affordable in nearly a decade.   Affordability this quarter fell to the lowest since late 2008, Bloomberg reported. In May, the median price of a previously owned homes rose to a record $264,800.   “Home price appre...

Activity slows down after strong first quarter, report says  125-129 West 16th Street and 461 Dean Street    The multifamily market in New York City slowed down significantly in April following a strong first quarter, with volume metrics dropping to their lowest levels of the year so far.   The f...

The neighborhood has become an outlier among Manhattan’s shopping districts, but whether that’s sustainable or replicable remains to be seen  West 14th Street between Ninth and 10th Avenues   On a recent spring day in the Meatpacking District, a group of tourists argued over dinner plans as they ...

Second hospital to open facility at Related project  35 Hudson Yards   Another hospital is joining Hudson Yards in hopes of tapping into the expected wave of new residents and workers at the megadevelopment.   Hospital for Special Surgery is leasing 15,000 square feet at the Related Companies’ 35...