The Real Deal New York

  • Greenpoint convention center to open by October

    Exhibition space to total 28,000 square feet
    April 16, 2014 12:20PM

    79 Franklin Street

    Developer Joshua Guttman is working to open the Brooklyn Expo Center in Greenpoint.

    The proposed convention center at 79 Franklin Street near Noble Street would hold a 2,200-seat banquet hall, offices, a cafeteria and meeting rooms. Exhibition space will total 28,000 square feet. The site is expected to open by October. [more]

  • City wants $82K from church leveled on 9/11

    Tax lien put on 155 Cedar Street, which was crushed in WTC collapse
    April 16, 2014 12:03PM
    Former church at 150 Cedar Street and rendering of 130 Liberty Street

    Former church at 150 Cedar Street and rendering of 130 Liberty Street

    The former site of the St. Nicholas Greek Orthodox Church, now owned by the city, has been hit with a tax lien of more than $82,000, despite a previous religious exemption. [more]

  • Carlisle to build Midtown apartments averaging 7K square feet

    In switch from plan for larger structure, building on West 55th Street to hold only four units
    April 16, 2014 11:30AM

    Carlisle’s Evan Stein and 12 West 55th Street

    J.D. Carlisle Development filed plans to build a six-story Midtown residential property with a mere four units, rendering each apartment an average of 7,000 square feet.

    The developer’s property at 12-18 West 55th Street, between Fifth and Sixth avenues, has air rights exceeding 100,000 square feet. The new plans would replace earlier ones with a 55-unit, 22-story property on the site of townhouses. Perkins Eastman is serving as the architect of record. Cornerstone Advisers is advising the landlord in developing the site. [more]

  • Top Manhattan apartment sales: April 7-14

    An interactive map of the priciest recorded deals, plus total overall sales and average prices for the week (click on numbers to see data)
    April 16, 2014 11:08AM

  • Inside TheRealDeal
  • NYC’s construction industry stages comeback

    Hard hats seeing the most work since the market peak, but developers more cost conscious
    April 16, 2014 10:30AM By Sasha von Oldershausen
    From left:

    From left: Louis Coletti, Jay Badame, Richard Anderson and Barry LePatner

    From the April issue: New York may have been one of the last cities in the country to get hit by the recession and one of the first to recover from the real estate downturn, but that doesn’t mean there wasn’t suffering here. And among the hardest hit segments of real estate was the construction sector. [more]

  • Related’s Tribeca Park rentals could sell for $300M

    Property in Battery Park City also includes 2,700 feet of retail space
    April 16, 2014 10:05AM

    400 Chambers Street, Adam Spies and Doug Harmon

    The Related Companies’ Tribeca Park rental building in Battery Park City hit the market — and is expected to sell for $300 million.

    Eastdil Secured brokers Adam Spies and Doug Harmon were tapped to market the 325,365-square-foot property at 400 Chambers Street and North End Avenue. [more]

  • bronx-box

    322 Jackson Avenue in the Bronx

    Sunnyside to build public plazas below the 7 Train. Meatball Shop co-owner on the days of paying $250 in monthly rent in Williamsburg. Resolution: 4 Architecture unveils two-module prefab home in the Bronx. Read these stories and more after the jump.

  • Nasdaq exchanging atrium for TV space in $10M makeover

    MarketSite at 4 Times Square to gain studio, conference rooms
    April 16, 2014 09:00AM

    Nasdaq MarketSite at 4 Times Square, and studio inside

    The Nasdaq stock exchange plans to pay $10 million to vastly upgrade the interior of its MarketSite space at 4 Times Square. [more]

  • Big East inks lease at Durst’s 655 Third Avenue

    Athletics conference moving headquarters from Rhode Island to Midtown East tower
    April 16, 2014 08:30AM

    655 Third Avenue and Karen Kuznick

    The Big East Conference, a collegiate league which competes in NCAA Division I sports, has landed an office at Durst Organization’s Midtown East tower at 655 Third Avenue.

    The 10-year lease covers the 13,740-square-foot seventh floor, which will undergo a full renovation. Asking rent for the space is $54 per square feet, according to CoStar Group data cited by the New York Post. Durst leasing associate Karen Kuznick represented the landlord in-house, while Newmark Grubb Knight Frank brokers Jeffrey Rosenblatt and Bill Harvey represented the tenant. [more]

  • Jay Z cohort eyes addition for former artist haven in Tribeca

    Plans call for four additional stories on two-story structure
    April 16, 2014 08:00AM
    From left: 172 Duane Street and Damon Dash

    172 Duane Street and Damon Dash

    The owner of a tiny building in Tribeca’s historic district is reportedly seeking to top it with four more floors, according to an alteration application filed with the city. [more]

  • Top stories

    April 16, 2014 07:25AM

    Most popular articles on The Real Deal:
    1. Minskoff’s big gamble on 51 Astor Place paying off
    2. New York REIT goes public in a first for the markets
    3. Most dangerous suburbs in the US? New Jersey town tops list
    4. Cushman & Wakefield lands Citigroup contract
    5. SL Green pursues 1 Vanderbilt plan with de Blasio: sources

  • Tribeca Holdings snaps up home to Graff Diamonds

    UK-based firm acquires 710 Madison Avenue for $70M
    April 15, 2014 06:30PM
    From left: Tribeca Holdings' Aidan Brooks and 710 Madison Avenue

    From left: Tribeca Holdings’ Aidan Brooks and 710 Madison Avenue

    London-based Tribeca Holdings picked up 710 Madison Avenue, home to Graff Diamonds, for $70 million. [more]

  • De Blasio hunts for pro soccer stadium site

    Administration reportedly backed out of previous deal over subsidy concerns
    April 15, 2014 06:10PM
    From left: Bill de Blasio, New York Yankees President Randy Levine, MLS Commissioner Don Garber and Manchester City chief executive Ferran Soriano

    From left: Bill de Blasio, Yankees’ Randy Levine, MLS’ Don Garber and Manchester City’s Ferran Soriano

    Mayor Bill de Blasio is gearing up to find New York City’s first pro-soccer team a permanent home. [more]

  • Exor CEO joins Cushman & Wakefield as board chair

    Fiat co-founder’s grandson also Italian carmaker’s chairman
    April 15, 2014 05:50PM
    John Elkann

    John Elkann

    John Elkann, the 38-year-old Agnelli family heir and Exor CEO, joined commercial brokerage Cushman & Wakefield as chairman of the firm’s Board of Directors Tuesday.

    Elkann follows Carlo Sant’Albano in the role. Sant’Albano also served as interim CEO after Glenn Rufrano’s departure last year, until Edward Forst was hired as president and CEO in December. He will now assume the operational role of International CEO at C&W, a newly-created position. Prior to joining C&W, Sant’Albano was CEO of Exor, which has been C&W’s controlling shareholder since 2007. [more]

  • Brooklyn landlords sought white tenants: suit

    Lawsuit alleges racial discrimination against black residents at East Flatbush buildings
    April 15, 2014 05:30PM


    A new lawsuit charges the owners of two Brooklyn rental complexes with pushing out black tenants in an effort to bring in white residents.

    According to the suit, filed by tenants at complexes on Brooklyn Avenue and Hawthorne Street in East Flatbush, landlords Yeshaya Wasserman, Shay Wasserman and Yitzchok Rambod have ignored repair requests, offered cash buyouts and forced evictions since purchasing the buildings in 2009. White tenants who do not live in rent-controlled units, meanwhile, are not subjected to the same treatment, the plaintiffs allege. [more]

  • Rendering of transit hub atrium

    Rendering of transit hub atrium

    Imagining a tubular Queens transport hub. How to park a Mustang on top of the Empire State Building. “Matilda” director sues UWS landlord for mice and maggots. Read these stories and more after the jump.

  • Kingsbridge Armory developer may court overseas investors

    Project chairman on EB-5 program: “That is definitely something we’re considering”
    April 15, 2014 04:50PM
    Kingsbridge Ice Center rendering

    Kingsbridge Ice Center rendering

    The developer of the Kingsbridge National Ice Center, which would turn the armory into one of the world’s largest indoor skating centers, may use the federal EB-5 program to pool funds from wealthy international lenders in exchange for putting them on a path to U.S. citizenship. [more]

  • Fake clients help developers boost sales in real world

    Gotham, Related among firms using fictional buyers and renters to zero in on key demographics
    April 15, 2014 04:30PM By Mark Maurer

    058 Fake buyers-renters se FINAL.indd

    From the April issue: David Picket admits he is no social scientist or raconteur, but the president of Gotham Organization and his team go to great lengths to paint a picture of the future inhabitants of their projects. [more]

  • Alex Rodriguez sells Miami Beach condo

    Yankee makes $500,000 profit on sale of Mei unit one year after buying it
    April 15, 2014 04:10PM
    Alex Rodriguez

    Alex Rodriguez

    From the South Florida site: Alex Rodriguez netted a profit of nearly $500,000 on the sale of his Miami Beach condo.

    The embattled New York Yankees slugger sold the Mei unit for about $2.6 million after paying $2.1 million for the 5875 Collins Avenue condo a year ago, the Wall Street Journal reported. He originally listed the 11th-floor unit with an asking price of $3.2 million in December 2013. A-Rod’s sister, One Sotheby’s International Realty broker Arlene Susy Dunand, handled the listing. [more]

  • “Real Housewife” lists $25K-per-month townhouse rental

    Move follows years of attempting to sell 4,500-square-foot pad
    April 15, 2014 03:48PM
    From left: Sonja Morgan and 162 East 63rd Street

    From left: Sonja Morgan and 162 East 63rd Street

    Sonja Morgan, “Real Housewives of New York” star and ex-wife of J.P. Morgan heir John Morgan, is renting out her Upper East Side townhouse after years of attempting to sell. [more]