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Jho Low’s old pad at the Time Warner Center is officially up for sale for $30M
News 1 hour ago
Jho Low’s old pad at the Time Warner Center is officially up for sale for $30M

Accused Malaysian fraudster Jho Low's penthouse at the Mandarin Oriental is officially on the market. Low is the accused mastermind of the $4.5...

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Developers, construction industry lobby to legalize drones in NYC
News 2 hours ago
Developers, construction industry lobby to legalize drones in NYC

Did New York City ban drones in… 1948? Yes, according to the current interpretation of a 71-year-old law that restricts the take off and landing of...

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Deutsche Bank shrinks footprint at future Columbus Circle home amid global downsizing
News 3 hours ago
Deutsche Bank shrinks footprint at future Columbus Circle home amid global downsizing

As it cuts 18,000 jobs worldwide amid a dramatic restructuring, Deutsche Bank is also scaling back on its future office space at Time Warner Center...

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Broadway shows, restaurants see major losses from Midtown’s Saturday blackout
News 4 hours ago
Broadway shows, restaurants see major losses from Midtown’s Saturday blackout

Saturday is one of the busiest nights for Broadway theaters, and box offices took a major hit from this Saturday's five-hour Midtown blackout,...

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New York’s multifamily market had its slowest first half of the year since 2011
News 5 hours ago
New York’s multifamily market had its slowest first half of the year since 2011

New York's slow multifamily market has continued to plague the real estate industry through the first half of the year, with the number of deals...

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Bain Capital teams up with SKW Funding to target $500M in distressed debt
News 10 hours ago
Bain Capital teams up with SKW Funding to target $500M in distressed debt

UPDATED, July 16, 9:17 a.m.: Bain Capital, which is raising a new $3 billion debt fund, is teaming up with Manhattan-based SKW Funding to target ...

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RSA, CHIP file lawsuit challenging New York’s new rent law
News 12 hours ago
RSA, CHIP file lawsuit challenging New York’s new rent law

In a highly anticipated federal lawsuit filed late Monday night, landlord groups challenge New York's newly minted rent law based on alleged...

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Prologis in talks for giant warehouse portfolio, after Blackstone’s monster deal
News 23 hours ago
Prologis in talks for giant warehouse portfolio, after Blackstone’s monster deal

Prologis is in advanced talks to acquire a $4 billion warehouse portfolio, a month after getting outbid by Blackstone in a far larger industrial...

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Harry Macklowe’s brother Lloyd has sold his Fifth Avenue co-op for $5M
News 1 day ago
Harry Macklowe’s brother Lloyd has sold his Fifth Avenue co-op for $5M

Harry Macklowe's brother Lloyd has sold his Fifth Avenue co-op for $5M Art world power couple Lloyd and Barbara Macklowe have sold their Fifth...

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This Westchester development site just hit the market seeking nearly $30M
News 1 day ago
This Westchester development site just hit the market seeking nearly $30M

A limited liability company has hired Paul Massey's B6 Real Estate Advisors to market a commercial building and a 16,610-square-foot lot two blocks...

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These real estate execs are donating big this campaign season
News 1 day ago
These real estate execs are donating big this campaign season

As the campaign season heats up, a preliminary list of second-quarter Federal Election Commission contributions reveal a number of real estate...

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Brookfield’s Staten Island Mall anchor tenant, Sears, is closing up shop
News 1 day ago
Brookfield’s Staten Island Mall anchor tenant, Sears, is closing up shop

Sears' well-publicized struggles have reached Staten Island. The famed retailer served as an anchor tenant at the Staten Island Mall for 46 years...

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Not a single Manhattan resi property above $10M went into contract last week
News 1 day ago
Not a single Manhattan resi property above $10M went into contract last week

Manhattan's luxury market once again saw only nine contracts signed last week, this time for a total of $51.25 million. That continued the drastic...

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Con Ed still searching for answers in Manhattan blackout
News 1 day ago
Con Ed still searching for answers in Manhattan blackout

The cause of Saturday's Manhattan blackout is still up in the air. Engineers examined power equipment on Sunday to figure out what sparked the...

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How Anna Karlin designed the interiors of Extell’s One Manhattan Square
News 1 day ago
How Anna Karlin designed the interiors of Extell’s One Manhattan Square

Each apartment is a study in "character development" When Anna Karlin set to design the interiors of Extell Development's One Manhattan Square, she...

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Locals had a dark nickname for Jeffrey Epstein’s Caribbean island
News 1 day ago
Locals had a dark nickname for Jeffrey Epstein’s Caribbean island

Jeffrey Epstein liked to call his Caribbean island of Little St. James Little St. Jeff's. Locals gave it another, far darker name: "Pedophile...

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Go big or go home? Why small hotel development in NYC may be a thing of the past
News 1 day ago
Go big or go home? Why small hotel development in NYC may be a thing of the past

The M1 Hotel Text Amendment adopted by City Council last December, which requires a special permit for the construction of hotels in most light...

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Massive Ohio pension fund steps up investment in infrastructure
News 2 days ago
Massive Ohio pension fund steps up investment in infrastructure

Ohio's school cafeteria workers, principals, and school bus drivers are bullish on infrastructure investment. Real estate, not so much. The...

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New pastime for the rich and famous: “glamping”
News 2 days ago
New pastime for the rich and famous: “glamping”

Wealthy homeowners are increasingly turning to a new form of getaway, and it doesn't require them to leave their property. Glamping - or glamorous...

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Co-working finally feels the crunch of supply and demand
News 2 days ago
Co-working finally feels the crunch of supply and demand

Earlier this year, a San Francisco coder set out to create an outdoor co-working space that charged $2.25 an hour. The catch? It was comprised of a...

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Brooklyn is having its moment in the sun as New Yorkers turn to solar power
News 3 days ago
Brooklyn is having its moment in the sun as New Yorkers turn to solar power

To paraphrase SunnyD, homeowners across New York City are unleashing the power of the sun. New Yorkers are increasingly turning to solar power to...

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“The British Harvey Weinstein”: Retail mogul Philip Green confronts sexual misconduct allegations
News 3 days ago
“The British Harvey Weinstein”: Retail mogul Philip Green confronts sexual misconduct allegations

Mounting allegations of sexual harassment, bullying and abuse are threatening to topple British retail mogul Sir Philip Green, as the female...

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Kyle Bragg will take over as 32BJ SEIU president
News 3 days ago
Kyle Bragg will take over as 32BJ SEIU president

Executive Vice President Kyle Bragg will take over as president of 32BJ SEIU following the death of its president Héctor Figueroa. Figueroa, 57,...

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Mark your calendars: These are NYC’s top real estate events next week
News 3 days ago
Mark your calendars: These are NYC’s top real estate events next week

There are some real estate events worth checking out next week! Host: Catalyst Financial Partners Date: July 15 Time: 12:30 p.m. to 6 p.m. Catalyst...

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Rent-regulation laws prompt Blackstone to halt improvements at Stuy Town
News 3 days ago
Rent-regulation laws prompt Blackstone to halt improvements at Stuy Town

Blackstone has halted all improvement works at the 11,000-unit Stuyvesant Town and Peter Cooper Village complexes, citing new rent-regulation laws...

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Manhattan condo inventory through May 2019
News 3 days ago
Manhattan condo inventory through May 2019

NEW DEVELOPMENT CONDO REPORT MANHATTAN • Inventory contracted as developers filed fewer units than were purchased • Developers filed six plans with...

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The TRD weekly global digest
News 4 days ago
The TRD weekly global digest

Every week, The Real Deal rounds up the biggest real estate news from around the globe. United Kingdom The falling pound, which hit its lowest...

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Here are the week’s top luxury sales
News 4 days ago
Here are the week’s top luxury sales

Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales. Here are the week’s top luxury sales

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32BJ SEIU president Hector Figueroa dead at 57
News 4 days ago
32BJ SEIU president Hector Figueroa dead at 57

Hector Figueroa, the powerful head of 32BJ SEIU, died unexpectedly Thursday night, sources told The Real Deal. He was 57 years old. As president of...

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Stock indexes hit records as market anticipates rate cut. Here’s what that means for real estate
News 4 days ago
Stock indexes hit records as market anticipates rate cut. Here’s what that means for real estate

After Federal Reserve Chairman Jerome Powell hinted at an impending interest rate cut, stock indexes hit record highs Thursday - and real estate is...

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