Farley Post Office

Real Estate Wire

trump soho
  • Unsellable condos at the Trump Soho have sent the building into foreclosure and off to the auction block. [WSJ]
  • The Federal Transit Administration handed out $1.9B for Sandy-related upgrades, yesterday. $40M of the available funds will go towards the Moynihan Station and about $13 million will go to the planned $700 million second phase of the project that will turn the Farley Post Office into a terminal for Amtrak. [Crain’s]
  • Abby Rosen is throwing down big bucks for 190 Bowery, the hotly sought after home of photographer Jay Maisel. The building was originally built in 1898 as a location for the Germania Bank an has been Maisel’s home since 1966. Estimates value the home at $50M. [NYT]
  • The construction of college buildings is booming and spending will top $2B this year. This trend will continue at the same level for at least the next three years, reports say. [WSJ]
  • 31 Bond is getting a penthouse addition. [Curbed]

Trump Soho (left); Moynihan Station (right)

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