Design board OKs 58-story downtown tower with changes

Designs for the $600 million project show a tapered tower rising at Union Street and Fourth Avenue to 850 feet.

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Sears’ REIT goes public as others consider similar moves

NEW YORK (AP) — Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp., made its debut Monday on the New York Stock Exchange and estimated that it had raised about $1.6 billion from the offering. Sears, which is dealing with slumping retail sales, formed the real estate investment trust to extract more revenue...

Fibbing on your abode

Lenders increasingly are using more sophisticated methods to sniff out lies — and they are coming after perpetrators.

Reports: Average Manhattan home price is over $1.8 million

NEW YORK (AP) — The average sales price of a Manhattan apartment has eclipsed $1.8 million — a new high. The appraisal firm Miller Samuel says in a report for Douglas Elliman Real Estate that its figure — $1.87 million — compares to $1.77 million reached in the first quarter of last year. The Corcoran...

Fox News launching real estate program

NEW YORK (AP) — Watch out, HGTV. Fox News Channel is getting into the real estate television business. The network announced that it will debut a new weekend series, "Bob Massi is the Property Man," on July 11. Massi is a real estate attorney based in Las Vegas, and Fox says his show will explore...