REAL ESTATE

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Plaza Hotel May Sell For $600M To India's Sahara Group

India's Sahara Group is eyeing New York City's iconic Plaza Hotel after Israeli owners at El Ad Properties have offered to sell the landmark for $600 million. According to the Economic Times, the Sahara group has already paid a 10 percent down payment for the 105-year-old building following exclusive negotiations between the two real-estate conglomerates. Furthermore, Sahara's founder, Subrata Roy, has made an all-cash offer through Aamby, a Mauritius-based subsidiary, according to the ...
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Seaport

SHoP Wraps Green Sheath Around South Street Seaport

One of the oldest neighborhoods in Manhattan may soon get closer to nature. SHoP Architects and mall operator Howard Hughes Corp. (NYSE:HHC) unveiled an emerald proposal for the Pier 17 mall on the South Street Seaport last Thursday that will ease the historic district into the present.
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The Death of Starchitecture? Critics Move to the Small Scale

A star-studded quartet of architecture critics discussed their craft on Monday night at the AIANY’s Center for Architecture in Manhattan, arguing for the vitality of buildings in modern life and the impact of criticism in a changing world.
Plaza Hotel

Plaza Hotel's $33.5 Million, $8.3 Million Condos Sold [PHOTOS]

Manhattan's venerable Plaza Hotel, site of a $48 million sale in 2011, has seen two more big deals to start off 2012. One of the building's penthouses, #PH2009, has been sold, according to StreetEasy. The deal hasn't closed yet, but the last asking price was $33.5 million.
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On Astor Place, New and Old Clash

Developer Edward Minskoff's obsidian and silver edifice at 51 Astor Place will soon mark the latest transformation of New York's East Village.
WTC

The Port Authority and the World Trade Center

An audit released this week called the Port Authority of New York and New Jersey a challenged and dysfunctional organization, citing the ballooning costs at New York's World Trade Center. But, for all the turmoil at the site, the Port Authority has taken steps to return it to both the private and public city.

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