Real Estate Wire: The Plaza Hotel is Still for Sale; How to Convert a Church Into a Rental

Posted On Mon, August 25, 2014 By

Posted On Mon, August 25, 2014 By In Real Estate Wire

  • The sultan of Brunei’s interest in the Plaza was all fluff, but the landmark hotel is still up for sale. The hotel will likely fetch $2B, but any deal will be extremely complicated given the current ownership structure. [NYT]
  • Post-gentrifiers are upset with the post-post-gentrifiers that have driven Williamsburg’s prices sky high. [NYT]
  • The George Washington Bridge Terminal is finally getting its long-awaited facelift. The station will be closed while the $183 million upgrade is undertaken. [NYT]
  • Heritage Equity Partners’ Toby Moskovits talks about his conversion of St. Vincent De Paul Church in Williamsburg into a rental building. [Crain’s]
  • A profile of the top investors backing NYC’s hottest real estate tech startups. [TRD]
  • Brookfield‘s SOM-designed apartment tower near Hudson Yards has a new look. [Curbed]

The Plaza Hotel, image by Luxuo (left); St. Vincent De Paul Church in Williamsburg (right)

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