By Daniel Geiger

Axiom Law, a law firm, is relocating from Spring Street into 20,000 s/f in the Puck Building, according to sources. The firm will be taking the bulk of the historic building’s seventh floor, which is about 30,000 s/f in total and up until recently was used as popular events space that has hosted numerous ceremonies and parties. Read more...

By Liana Grey
Over a hundred years ago, a magnitude 5.1 earthquake struck where JFK stands today. The tremor lasted no more than several seconds, but it managed to liquefy soil in Queens and Brooklyn, causing beach houses on Coney Island to tilt and chimneys to crumble. Home owners as far away as Pennsylvania reported cracked walls and fallen bricks. New York may not sit on a fault line like, say, Japan or Christchurch, New Zealand, but every century or so, the city is at risk of a seismic disaster. Read more...

By Roland Li

A seven-story residential building at 177 Franklin Street has been sold for $9 million, according to city records, and it is now on the market for $18 million. The current owner is 177 Franklin Street Developments LLC, controlled by Michael Kirchmann of Praxis Development and Global Design Strategies, a company with offices in London and New York. Read more...

By Roland Li

As the city’s nine-member Rent Guidelines Board prepares to vote on new rent increases for rent-stabilized apartments on Monday evening, landlords are bracing for higher costs. The most recent reports from various city agencies indicate that taxes, fuel and other expenses are rising. A report in April from the Rent Board stated that citywide rent income from rent-regulated buildings increased by 1.4% in 2009. Meanwhile, operating costs increased by 0.1%, and net operating income increased by 5.8%. Read more...

By Roland Li

Aaron Jungreis takes the long way home. After work, the investment sales broker scopes out the city, looking for potential buildings to sell and learning neighborhoods block-by-block. He spends most Sundays doing the same, canvassing owners and learning the details of each property he represents. “As a broker, you have to know your product,” he said. “I’m confident in my product.” Read more...