The Cedar Tavern has been closed for over a year now, and someday soon New Yorkers will finally get more of what they so desperately need: more condo units priced at $1.7 million and up! The famous tavern on University Place, long associated with the drunken hi-jinks of notables like Jackson Pollock and Jack Kerouac, shut down in December 2006 for “renovations” and never reopened. Promises to come back as part of the nine-story condo have gone unfulfilled; owner Michael Diliberto told The Real Deal:

“Cedar is past. Cedar is history. It means something to me. It doesn't mean something to the next generation." Diliberto and his late older brother Joe initially envisioned condos on top of the Cedar Tavern, but plans to reopen the pub were abandoned when Joe was diagnosed with fatal cancer and died two months ago. The bar closed shortly afterwards, on the day after Thanksgiving 2006.

Architect Robert Scarano, who has been charged with violating city building standards at 32 properties, has an ally at the Department of Buildings. The Daily News is reporting that Patricia Lancaster, the department's commissioner, hid Scarano's mistakes, signing a stipulation in which she promised not to report Scarano to any regulatory agency that could revoke his license. The News article is part of its I-Team Special Investigation unit. Reporter Brian Kates explains that Lancaster promised... more ›

Kudos to The Real Deal for coaxing DUMBO-based designer Robert Scarano out of the shadows. One of the city's most reviled architects, Scarano has been scrutinized by Department of Buildings for his safety and zoning violations. Following a summer outcry, the agency issued stop-work orders on some Scarano sites. He's even being investigated by the NYS Department of Education, which oversees licensed architects, but there is currently no record of disciplinary action. Overseeing a whopping... more ›

The Real Deal (via Brownstoner) is reporting that, according to a recent court ruling, the city is taking two Williamsburg properties via eminent domain for Bushwick Inlet Park. The properties are located along the East River between North 9th and 10th streets. According to one real estate expert, the city will only pay about $100 per square foot, compared to the $200 per square foot it could garner on the open market, even though the owners are entitled to the fair market value. The Real Deal doesn't delve into why. more ›

Real Estate site The Real Deal has detailed the priciest streets or micro-neighborhoods to live on in each of the five boroughs of NYC. Ironically, except for Manhattan, the most expensive streets in New York's four other boroughs lean heavily towards suburban idyll rather than luxurious urbanism. But we suppose that has always been an appeal of the outer boroughs: the ability to escape Manhattan's teeming population density. If you recently came into a large sum of money, here's where you should be house-hunting, in alphabetical order. more ›

It seems a week doesn't go by without more news of venues closing. This week The Real Deal reports that the 27,000-square-foot building that houses the roughly 11,000 square foot Knitting Factory, is up for sale. The sale, which includes the venue and 18 decontrolled residential loft apartments, is expected to go for $15 million or more. more ›

After The Real Deal reported that skeletal remains were found on the Trump Soho site Monday night, the Department of Buildings issued a stop work order on the building. Naturally the developers were surprised. The Post spoke to Julius Schwarz from developer Bayrock Group, who said, "Despite the fact that our counsel has advised us that there is no authority to issue this order, we are fully cooperating with the Department of Buildings and we'll be discussing the matter with them [this] morning." Dude, bones were found! We think you stop work! Schwarz added that the area where the bones were found will eventually be a landscaped plaza, not where the 45-story building will be built (so investors and future hotel guests, do not freak out!). more ›

In 1978 Barbara Corcoran borrowed $1,000 from a boyfriend and set up a real estate company. That company grew at a dramatic clip and was sold to NRT Incorporated for around $70 million in 2001. And now, in 2005, Barbara Corcoran whose name is nearly synonymous with the current real estate bubble is leaving the company that bears her name. Starting November 15 Corcoran is going to be devoting herself full time to her burgeoning television personality. In the long run this probably means next to nothing, but in the short term you can expect a blizzard of stories about what her exit means to the bubble. more ›