The last remaining holdout against the Forest City Ratner Atlantic Yards development has caved after accepting $3 million for his $500,000 apartment in Brooklyn. Daniel Goldstein held out for six years, but as the saying goes – you can’t fight City Hall and after the New York Court of Appeals upheld the decision to allow private developers to forcibly take your home in New York if there is enough money to be made, Mr. Goldstein was effectively fighting City Hall.
Filed under Luxury Real Estate News by 
A Six Star Luxury Hotel in Manhattan; more delays and fights over the Atlantic Yards project; higher taxes on luxury real estate in Hungary; Trump owners selling before the Trump Waikiki is finished; luxury foreclosures on the rise; Realogy posts first quarter loss.
Does Manhattan need a six star luxury hotel? Ian Schrager thinks so.
Filed under For Enthusiasts by
The International Herald Tribune reports that “Investor buys majority stake in NY’s Flatiron building.” Only 7 months later than we reported exactly the same thing – More Manhattan real estate sold to foreign buyer. Oh, well, you can’t be on top of everything all the time. They suspect, as did we seven months ago, that there are plans for a luxury hotel. Although, things have changed in the interim and it may be decided that what New York doesn’t need is another up-market hotel condominium complex. We shall see.
Filed under Uncategorized by
