The Big Apple: Look for 1,200 new condos this year

NEWSPAPER SAYS SALE OF FORMER VILLAGE NURSING HOME SIGNALS MARKET RECOVERY

In 2007, before the financial world turned upside down, a condominium developer signed a contract to pay more than $33 million for a former assisted living facility in the heart of the West Village.

More than three years later, the developer, FLAnk, has closed on the purchase of the building at Hudson and West 12th streets. FLAnk paid just a few million dollars short the full pre-crash price: $33.3 million.

The deal is the latest sign that the city’s residential development engine is beginning to crank up again, opines the Wall Street Journal.

SITE OFFERS EXPANDED PROPERTY SEARCHES FOR BUYERS

Pulling data from the Real Estate Board of New York’s RealPlus database–which collects listings information from brokerages–

Weekly Roundup: Prices down, rates up, Shiller upbeat

Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out the other of today’s posts and look for Out and About early next week.

HE’S SLIDING INTO MANHATTAN FROM NEW JERSEY

FASHION DESIGNER TURNS NOSE UP AT GRAMERCY PAD IN WHICH HE NEVER LIVED

HIS DESIGNS ON A SECOND FIFTH AVENUE PENTHOUSE ACROSS THE HALL FINALLY BEAR FRUIT

HAS ANYONE TOLD KERMIT THAT HIS ORIGINAL HOME IS GOING ON THE MARKET?

KATIE’S PAMPERED PAD SELLS AT A DISCOUNT FROM $12.9 MILLION ASKING PRICE A YEAR AGO

SPORTS EXEC SCORES A NEW $4.2 MILLION HOME ON UPPER EAST SIDE

IS SEXY VILLAGE PENTHOUSE REALLY HERS?

CONTRACT PRICE OF BROOKE’S HOME TRICKLES WAY DOWN FROM ORIGINAL $46 MILLION ASK

PRICES DROP 1.8 PERCENT FROM NOVEMBER TO DECEMBER

BUT TRADE GROUP REPORTS GAINS IN PRICE AND VOLUME FOR RE-SALES DURING FOURTH QUARTER

ALL-CASH PURCHASES LIFT HOUSING

RESPECTED MOODY’S ECONOMIST SAYS