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GDS in talks to buy Midtown East co-op for $200M in office-conversion play
News 1 week ago
GDS in talks to buy Midtown East co-op for $200M in office-conversion play

Another new office project could soon be coming to rezoned Midtown East. GDS Development is in talks to acquire the 100-plus-year-old co-op...

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Zach Aarons talks pouring gasoline on a proptech fire
News 1 week ago
Zach Aarons talks pouring gasoline on a proptech fire

The "treacherous B" is the put-up or shut-up period for property tech firms, awash in money but lacking a proven business model. Speaking at The...

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News 1 week ago
Is the hotel market under siege? Execs point to political climate as “a big concern”

Hotel investors at NYU's annual hospitality conference say they're hungry for good deals despite a slowing economy, rising costs and uncertain...

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De Blasio echoes Cuomo’s push to limit rent hikes through renovations
News 1 week ago
De Blasio echoes Cuomo’s push to limit rent hikes through renovations

Mayor Bill de Blasio on Monday said he supports tweaking two controversial rent regulation programs to ensure that tenants aren't overpaying for...

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Clipper Equity plans $204M conversion of UWS rental
News 1 week ago
Clipper Equity plans $204M conversion of UWS rental

David Bistricer's Clipper Equity wants to convert a large portion of an Upper West Side rental building into condominiums - with a projected...

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Sentinel Capital Partners becomes latest firm to ink deal at One Vanderbilt
News 1 week ago
Sentinel Capital Partners becomes latest firm to ink deal at One Vanderbilt

David Lobel's Sentinel Capital Partners has inked a 15-year lease for the entire 51st floor at SL Green Realty's One Vanderbilt, the real estate...

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Churchill to buy Manhattan, Brooklyn properties for $71M
News 1 week ago
Churchill to buy Manhattan, Brooklyn properties for $71M

Churchill Real Estate Holdings, a Soho-based lender and development firm, is nearing a $71 million deal for two rental buildings in Manhattan and...

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Ron Moelis & David Schwartz talk NYCHA and affordable housing profits
News 1 week ago
Ron Moelis & David Schwartz talk NYCHA and affordable housing profits

LINK: https://youtu.be/pzgF58U1hY0 EMBED: L+M Development Partners' Ron Moelis and Slate Property Group's David Schwartz discussed the ins and outs...

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News 2 weeks ago
June 2019

PLEASE NOTE: All magazine content will be available to subscribers only through the 5th of the month. To read now, SUBSCRIBE. PLEASE NOTE: All...

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News 2 weeks ago
A successful succession

Building with glass and steel can be a lot easier than dealing with flesh and blood. In our cover story this month, we look at how New York City's...

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News 2 weeks ago
Heirs unapparent

One of the main criticisms of the 2020 presidential race could apply to the New York real estate industry as well: A lot of the key players are...

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News 2 weeks ago
" After Futterman's firing, questions arise about Newmark's growth strategy

Newmark Group's firing of top retail executive Robert Futterman this week highlighted the risks of big firms trying to turbocharge growth through...

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How moguls, labor fights and a changing city shaped an icon
News 2 weeks ago
How moguls, labor fights and a changing city shaped an icon

Like many projects today, the construction of the Plaza Hotel was complicated by a fight over the use of nonunion labor. What sets that conflict...

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These are some of the most notable resi sales of the week
News 2 weeks ago
These are some of the most notable resi sales of the week

A penthouse in NoMad is off the market for $17M, a hedge funder buys a white-glove UES co-op Some eye-catching deals in New York City's residential...

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Two years after Premier Agent fracas, NYS regulators tighten rules for online ads
News 2 weeks ago
Two years after Premier Agent fracas, NYS regulators tighten rules for online ads

UPDATED: May 31, 12:40 p.m.: Two years after New York's top brokers blasted StreetEasy's Premier Agent for causing a "maelstrom" of consumer...

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Town’s old office now “unrecognizable,” Compass says on moving day
News 2 weeks ago
Town’s old office now “unrecognizable,” Compass says on moving day

The new office space at 110 Fifth Avenue is the VC-backed company's third office in the area Compass is expanding its Flatiron office footprint on...

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Rechler, Tighe know which real estate players will go extinct
News 2 weeks ago
Rechler, Tighe know which real estate players will go extinct

The real estate world is changing rapidly, and RXR Realty head Scott Rechler and CBRE Tri-State CEO Mary Ann Tighe already know who will be left...

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Ex-Newcastle manager charged in alleged $1.2M apartment deregulation kickback scheme
News 2 weeks ago
Ex-Newcastle manager charged in alleged $1.2M apartment deregulation kickback scheme

Tenants arriving at Newcastle Realty Services' buildings were told that their apartments were deregulated due to extensive renovations. What they...

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Savanna files plans for 23-story tower on DoBro site that was rezoned 3 years ago
News 2 weeks ago
Savanna files plans for 23-story tower on DoBro site that was rezoned 3 years ago

Savanna is moving forward with its plans to bring a ground-up development in Downtown Brooklyn. But the building the developer and real estate...

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Marisa Lago says antidevelopment sentiment in NYC is at “an all-time high”
News 2 weeks ago
Marisa Lago says antidevelopment sentiment in NYC is at “an all-time high”

Marisa Lago says antidevelopment sentiment in NYC is at "an all-time high" New York's real estate industry has become a victim of its own success,...

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Ceruzzi, SMI bring in new partner to try and save Fifth Ave development
News 2 weeks ago
Ceruzzi, SMI bring in new partner to try and save Fifth Ave development

Ceruzzi Properties and SMI have brought in a new partner on their troubled Midtown development project as they race against the clock to stave off...

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Thor plans overhaul of St. James Hotel
News 2 weeks ago
Thor plans overhaul of St. James Hotel

Joseph Sitt's Thor Equities refinanced the James New York hotel in Soho, which it plans to revamp with the new financing. The real estate firm...

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Artemis buys into WeWork-anchored West Chelsea office complex
News 2 weeks ago
Artemis buys into WeWork-anchored West Chelsea office complex

Artemis Real Estate Partners paid nearly $155 million to buy into in an office complex on the High Line known as the Ironworks where WeWork is a...

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Tribeca rental building sells for $37M
News 2 weeks ago
Tribeca rental building sells for $37M

Daniel Hedaya's DAX Real Estate has purchased a Tribeca rental building for about $37.4 million, according to sources familiar with the deal. DAX...

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With Google on the way, Resnick lands refi for Hudson Square building
News 2 weeks ago
With Google on the way, Resnick lands refi for Hudson Square building

Jack Resnick and Sons refinanced its Hudson Square office space that will soon house Google. PGIM Real Estate Finance provided a $200 million loan...

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Witkoff sells two commercial condos at 420 Fifth for $52M
News 2 weeks ago
Witkoff sells two commercial condos at 420 Fifth for $52M

Steve Witkoff is fed up with high cost of development in New York City, but he can still make money in other ways - his firm the Witkoff Group just...

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Developer talks potentially building 2 WTC on spec, Hudson Yards
News 2 weeks ago
Developer talks potentially building 2 WTC on spec, Hudson Yards

Larry Silverstein has a lot on his mind. In a wide-ranging interview with The Real Deal publisher Amir Korangy at the annual New York Showcase, the...

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Two months after Compass deal, Stribling's seeing a string of departures
News 2 weeks ago
Two months after Compass deal, Stribling's seeing a string of departures

The boutique brokerage says "you expect some departures" Linda Maloney was the first longtime agent to move. The broker, who started her career on...

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ABC Properties buys pair of Queens multifamily buildings for $36M
News 2 weeks ago
ABC Properties buys pair of Queens multifamily buildings for $36M

The notoriously slow multifamily market in Queens has picked up some steam thanks to ABC Properties' purchase of a pair of Woodside buildings for...

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Thor in danger of losing Madison Ave property
News 2 weeks ago
Thor in danger of losing Madison Ave property

In what seems like a regular occurrence these days, Thor Equities is having trouble with another one of its retail properties. Joe Sitt's firm is...

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