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Zillow revenues are up, but losses are widening as it pivots to home-flipping
News 13 hours ago
Zillow revenues are up, but losses are widening as it pivots to home-flipping

New Zillow CEO Rich Barton is shooting for the moon, but the company's latest financials might have him crashing down to earth. On the same day...

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NRT CEO goes after Compass for “taking advantage” of its agents
News 15 hours ago
NRT CEO goes after Compass for “taking advantage” of its agents

With a $4.4 billion valuation and a massive national expansion, Compass has become a major player in the brokerage landscape - and attracted its...

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Will a tech giant’s huge appetite transform a vibrant slice of Manhattan?
News 15 hours ago
Will a tech giant’s huge appetite transform a vibrant slice of Manhattan?

It started as a lease expansion. But Google - in its quest for dominion over Chelsea and the Meatpacking District - wanted more. The technology...

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Naftali in contract to buy one of the last large dev sites on Williamsburg waterfront
News 15 hours ago
Naftali in contract to buy one of the last large dev sites on Williamsburg waterfront

The Naftali Group, which has been ramping up its development activity following a quiet period, is lined up to buy one of the last large...

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The Real Deal (@therealdeal) • Instagram photos and videos
News 16 hours ago
The Real Deal (@therealdeal) • Instagram photos and videos

Stay up to date with breaking industry news, the best in NYC architecture and the hottest projects around by following us on Instagram....

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Zillow CEO Spencer Rascoff is stepping down as his co-founder takes over
News 16 hours ago
Zillow CEO Spencer Rascoff is stepping down as his co-founder takes over

Zillow Group is replacing CEO Spencer Rascoff with co-founder and former CEO Rich Barton, the company said in a Securities and Exchange Commission...

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Behind the demise of Advisors Commercial Real Estate
News 16 hours ago
Behind the demise of Advisors Commercial Real Estate

Newly-rebranded Advisors Commercial Real Estate did not get off to a great start. Just months after the brokerage formerly known as Coldwell Banker...

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The rental rush: Developers in Westchester are on a multifamily building spree
News 17 hours ago
The rental rush: Developers in Westchester are on a multifamily building spree

Westchester County is playing catch-up. "We've really had very little development over the last 20 years," said Martin Ginsburg, founder of...

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In bizarre saga of Bo Dietl's MeToo investigative platform, Douglas Elliman is apparently not a client
News 17 hours ago
In bizarre saga of Bo Dietl's MeToo investigative platform, Douglas Elliman is apparently not a client

On Wednesday morning, an unexpected email hit the inboxes of New York media reporters. It said that Bo Dietl, the private eye and former mayoral...

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Lyft signs 100K sf lease at Cove Property's 441 Ninth Avenue
News 18 hours ago
Lyft signs 100K sf lease at Cove Property's 441 Ninth Avenue

Ride-share behemoth Lyft has signed a 100,000 square foot lease at the Hudson Commons new development on the Far West Side. The San Francisco-based...

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Use TRD's new 3-D development map to get a jump on the competition
News 18 hours ago
Use TRD's new 3-D development map to get a jump on the competition

Trying to keep up with the latest projects underway in New York City? Check out The Real Deal's new interactive map, where you can track more than...

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Thomson Reuters CEO snags Jade Signature condo in Sunny Isles Beach
News 20 hours ago
Thomson Reuters CEO snags Jade Signature condo in Sunny Isles Beach

The CEO of Thomson Reuters bought a condo at Jade Signature in Sunny Isles Beach for $7.8 million. Jim Smith and his wife, Pam Kushmerick, bought...

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Is Eric Benaim the brokerage king of Queens?
News 20 hours ago
Is Eric Benaim the brokerage king of Queens?

Almost immediately after city and state officials announced their deal with Amazon to build half of its "second headquarters" in Long Island City,...

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The Mountain of Beverly Hills just got a $350M price chop
News 20 hours ago
The Mountain of Beverly Hills just got a $350M price chop

UPDATED on Feb. 21, at 1:30 p.m.: When the so-called "Mountain of Beverly Hills" hit the market seeking a record-breaking $1 billion last summer,...

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Heinz heiress’ 1 Sutton Place manse in contract
News 20 hours ago
Heinz heiress’ 1 Sutton Place manse in contract

The historic 1920s townhouse, built for a Vanderbilt and owned by a Heinz heiress, now has a buyer. The six bedroom Georgian-style mansion at 1...

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Savanna struggling to recapitalize emptyting LIC office tower: report
News 21 hours ago
Savanna struggling to recapitalize emptyting LIC office tower: report

One Court Square landlord Savanna can't refinance the Long Island City office tower after losing a 1 million-square-foot tenant in Amazon. The Wall...

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NYCHA's new monitor has some very interesting political ties
News 22 hours ago
NYCHA's new monitor has some very interesting political ties

The federal government has tapped Bart Schwartz, chairman of powerful and influential investigations firm Guidepost Solutions, to monitor the...

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It looks really bad for Purplebricks right now
News 23 hours ago
It looks really bad for Purplebricks right now

All is not well for rapidly expanding discount brokerage Purplebricks. The company's shares fell the most on record after the brokerage lowered its...

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As investors fear reforms in Albany, Rego Park multifamily portfolio hits market asking $210M
News 23 hours ago
As investors fear reforms in Albany, Rego Park multifamily portfolio hits market asking $210M

Could this be the litmus test for the multifamily market in a Democratic-controlled Albany? A family with a portfolio of Rego Park apartment...

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Massive Sunset Park site in Opportunity Zone just hit the market for $150M
News 1 day ago
Massive Sunset Park site in Opportunity Zone just hit the market for $150M

A group of Flushing-based developers who have struggled with the rezoning process in Sunset Park have put their large development site on the...

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AOC says rents went up $200-$300 after Amazon selected Queens. That appears to be untrue
News 1 day ago
AOC says rents went up $200-$300 after Amazon selected Queens. That appears to be untrue

Rising Democratic star Alexandria Ocasio-Cortez, whose congressional district borders Long Island City, was one the most prominent politicians to...

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EB-5 money up in the air after Greenland agrees to sell Pacific Park site
News 1 day ago
EB-5 money up in the air after Greenland agrees to sell Pacific Park site

Brooklyn's 22-acre Pacific Park megaproject has hit another snag - this time with the project's EB-5 loan. Roughly a quarter of a $249 million...

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Data wars: Inside the fight to lead CRE’s data revolution
News 1 day ago
Data wars: Inside the fight to lead CRE’s data revolution

In the last week of October, commercial real estate brokers all over the country received a package via snail mail from CoStar Group. Inside was...

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Piece of Ko-Rec-Type portfolio sells for $23M
News 1 day ago
Piece of Ko-Rec-Type portfolio sells for $23M

One piece of the Ko-Rec-Type portfolio in Williamsburg traded for $23 million, after sitting on the market for roughly 11 months. The parcel,...

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Send the date: Share your real estate events with The Real Deal
News 1 day ago
Send the date: Share your real estate events with The Real Deal

Each week, The Real Deal provides a roundup of the top real estate events in New York you need to know for the week ahead. Send conferences, panel...

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Gotham lands $184M to refi two Manhattan rental buildings
News 1 day ago
Gotham lands $184M to refi two Manhattan rental buildings

Joel Picket's Gotham Organization landed an injection of debt to cover two Manhattan rental properties. Wells Fargo loaned $184 million to...

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Douglas Elliman to hold MeToo conference--and Bo Dietl will be part of it
News 1 day ago
Douglas Elliman to hold MeToo conference--and Bo Dietl will be part of it

Douglas Elliman is launching a "MeToo investigation platform" created by recent mayoral hopeful and private investigator Bo Dietl. The brokerage...

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Host Hotels buys Sternlicht’s 1 Hotel South Beach for $610M, setting new record
News 1 day ago
Host Hotels buys Sternlicht’s 1 Hotel South Beach for $610M, setting new record

Host Hotels paid $610 million for 1 Hotel South Beach, marking a new per-room record for Miami-Dade hotel sales at $1.42 million a key. Barry...

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Westchester & Fairfield Cheat Sheet: Scarsdale lands on ‘richest places’ index, co-working space for tradesmen opening in Trumbull … & more
News 1 day ago
Westchester & Fairfield Cheat Sheet: Scarsdale lands on ‘richest places’ index, co-working space for tradesmen opening in Trumbull … & more

20 Payless stores in Westchester and Fairfield to close amid bankruptcy Payless ShoeSource has filed for bankruptcy, and Westchester and Fairfield...

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New York’s landslide: Prices may have recovered, but development site deals are way down compared to just three years ago
News 1 day ago
New York’s landslide: Prices may have recovered, but development site deals are way down compared to just three years ago

In the fall of 2015, Bob Knakal was watching the bids come in for Manhattan land parcels across a portfolio of 40 sites. They weren't good. Coming...

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