The Real Deal New York

  • Holly Hunter sells Village co-op for $7.6M

    Actress removed listing for three-bedroom pad on Fifth Avenue in May
    July 25, 2014 11:50AM
    3 People Viewed
    hunter-final

    Holly Hunter and 43 Fifth Avenue

    Academy Award-winning actress Holly Hunter sold her Greenwich Village co-op for $7.6 million. [more]

  • Midtown businesses follow Condé Nast Downtown

    Restaurants, hair salons look to continue catering to the publisher's 2,300 employees
    July 25, 2014 11:25AM
    8 People Viewed
    From left: 1 WTC, Lamb's Club and John Barrett Salon

    From left: 1 WTC, Lamb’s Club and John Barrett Salon

    The migration of 2,300 Condé Nast employees to 1 WTC will leave a gaping hole in the incomes of some Midtown businesses. As a result, a number of companies that cater to the publisher and its employees are following it downtown. [more]

  • Port Authority revives plan to turn old TWA terminal into hotel

    Agency confident proposal for JFK facility will take off this time
    July 25, 2014 11:00AM
    14 People Viewed
    The Eero Saarinen-designed TWA terminal at JFK airport

    The Eero Saarinen-designed TWA terminal at JFK airport

    The Port Authority of New York and New Jersey is considering a plan that would transform the old TWA terminal at John F. Kennedy International Airport into a hotel. [more]

  • Renee Zellweger puts Connecticut estate back on the market

    Take two as actress lists 38-acre property for second time in three years
    July 25, 2014 10:30AM
    21 People Viewed
    From left: Renee Zellweger and her Connecticut estate

    From left: Renee Zellweger and her Connecticut estate

    Someone show her the money. [more]

  • Inside TheRealDeal
  • Maddd Equities buys long-time Newark Star-Ledger site

    Newspaper moving out of building it's occupied for almost 50 years
    July 25, 2014 10:00AM
    17 People Viewed
    From left: the Star Ledger and 1 Star-Ledger Plaza in Newark

    From left: the Star Ledger and 1 Star-Ledger Plaza in Newark

    The Newark Star-Ledger is selling its home. Maddd Equities — a Floral Park, N.Y.-based investment firm — is buying the 177,000-square-foot building and its parking deck at 1 Star-Ledger Plaza in Newark.  [more]

  • Hotel Hugo on Greenwhich Street

    Hotel Hugo on Greenwhich Street

    A look inside Hotel Hugo. Is the North Fork still the affordable alternative to the Hamptons? The history of Lincoln Center. Read these stories and more after the jump.

  • Another big tenant at 11 Madison Avenue: Yelp moving in

    Online company taking the 14th and 16th floors; joins William Morris, Sony in building
    July 25, 2014 09:00AM
    32 People Viewed
    From left: Jeremy Stoppelman and 11 Madison Avenue

    From left: Jeremy Stoppelman and 11 Madison Avenue

    Yelp has signed a 10-year lease at 11 Madison Avenue, a deal that was first reported by The Real Deal. [more]

  • Luxury housing sparks retail along Brooklyn’s 4th Avenue

    Asking price for ground-level space shooting up as top-drawer tenants move in nearby
    July 25, 2014 08:30AM By Tom DiChristopher
    34 People Viewed
    From left: 470 4th Avenue, 275 4th Avenue and 365 4th Avenue

    From left: 470 4th Avenue, 275 4th Avenue and 365 4th Avenue

    As luxury rental and condo buildings continue to sprout along Brooklyn’s 4th Avenue, demand for ground-level space along the strip is suddenly taking off. So far, the neighborhood is mostly attracting retail and health-care providers, stand-alone big box stores and some restaurants, typically housed in older low-rises. [more]

  • Sales of $15M-and-up homes in NYC on course to set record

    Over past year, 30 percent of top-dollar transactions concentrated in new developments
    July 25, 2014 08:00AM By Julie Strickland
    0 People Viewed
    1. 950 Fifth Avenue

    950 Fifth Avenue

    The number of sales of single-family properties in New York City at or above $15 million hit a new post-recession high over the past 12 months, with 78 closed sales at that price point recorded throughout the five boroughs. Click here for a slideshow and chart of the priciest properties.

  • Most popular stories on The Real Deal

    July 25, 2014 07:30AM
    28 People Viewed

    Current reader favorites:
    1. Corcoran sues over record $147M sale of Hamptons mansion
    2. Naftali to raze five-story UWS garage for condo project
    3. SL Green’s sale of three properties to generate $240M net cash
    4. REBNY’s influence over Cuomo laid bare
    5. Manhattan’s top listing agents: PHOTOS

  • Laurel’s mixed-use condo space expected to fetch $70M

    Tenants include TD Bank, Cornell University and Quik Park garage
    July 24, 2014 06:30PM
    110 People Viewed
    laurel

    400 East 67th Street and Woody Heller

    A nearly 59,000-square-foot mixed-use condominium unit at the Laurel on the Upper East Side is hitting the market and expected to fetch as much as $70 million.

    An undisclosed institutional seller hired Savills Studley brokers Daniel Parker, Will Silverman, Eric Negrin and Woody Heller to market the space at the 31-story condo tower at 400 East 67th Street, near First Avenue. The fully-leased unit holds office, retail and garage space. [more]

  • Morgan Stanley to pay $275M to settle subprime charges

    SEC found that the firm misled investors about mortgage-backed bonds
    July 24, 2014 06:10PM
    93 People Viewed
    Morgan Stanley Headquarters in Times Square

    Morgan Stanley Headquarters

    Morgan Stanley will pay $275 million to resolve the Security and Exchange Commission’s claim that the firm misled its investors in the sale of more than $2.5 billion in bonds backed by home loans.

    The settlement comes after the U.S. regulator found that the firm misrepresented the delinquency status of subprime loans that backed the securities. [more]

  • Download TRD’s iPad App

    NYC's go-to source for real estate news, available on the go
    July 24, 2014 05:50PM
    91 People Viewed

    Screen Shot 2014-07-24 at 4.25.38 PM

    Get the full experience of reading each issue to cover to cover with the convenience of a digital format by downloading the The Real Deal magazine iPad app on iTunes. With expanded photo galleries, charts and graphs, as well as a clipping tool that allows users to crop pictures and text to save for later, readers can enjoy all the same content with a rich media experience.

    Choose to read a single issue for $2.99, or sign up for an annual subscription for $14.99. Click here to download the app for free.

  • Brookfield promotes vet to replace Mitch Rudin

    Paul Schulman, who headed up DC operations, to oversee entire U.S. portfolio
    July 24, 2014 05:30PM
    118 People Viewed
    brookfield

    From left: Paul Schulman and Mitch Rudin (Credit: STUDIO SCRIVO)

    Brookfield Office Properties has found a replacement for Mitch Rudin, the CEO of commercial operations who made a surprise exit last month. Paul Schulman, a Brookfield vet who was in charge of operations in Washington, D.C., will now serve as president and COO of the entire U.S. office portfolio.

    The Toronto-based firm owns 63 buildings in the U.S., spanning 57 million square feet. Schulman joined the company in 1998. [more]

  • Inside the

    Inside the Champagne Apartment at 455 Madison Avenue

    Art dealer Tobias Meyers unloads Time Warner Center pad for nearly $17M. New York Palace hotel’s $250K-per-month Champagne Apartment fails to impress. Karl Fischer’s 255 Bowery shows itself for first time in three years. Read these stories and more after the jump.

  • Mark-Viverito calls on NYC to house undocumented children

    Other cities have offered up shelter to children without relatives who can take them in
    July 24, 2014 04:50PM
    121 People Viewed
    Melissa Mark-Viverito

    Melissa Mark-Viverito

    City Council Speaker Melissa Mark-Viverito is calling on New York City to offer up shelter to some of the undocumented immigrant children coming into the country to flee violence in Central America.

    Other cities such as Syracuse have offered up space to shelter children who cannot be placed in the care of relatives or sponsors in the U.S. as they await appearances in immigration court. Mark-Viverito said Thursday that she thinks New York City should follow suit. She added that she would be “more than open” to a discussion examining how New York City might be able to support the children with some type of temporary housing. [more]

  • Miami office vacancies keep dropping: report

    CBRE credits lack of new construction for increased occupancy, rental rates
    July 24, 2014 04:30PM
    121 People Viewed
    Wells Fargo Center

    Wells Fargo Center

    From the South Florida website: While the South Florida residential market has garnered attention with a profusion of new condos rising, the office market in the region is showing positive signs as well, a new report from CBRE shows.

    Miami’s office sector finished the second quarter of 2014 with a 15.5 percent vacancy rate, down from 16.2 percent during the first quarter and 17.3 percent during the second quarter of 2013. Landlords completed 160 lease transactions totaling 877,000 square feet during the quarter. The market’s average asking rental rate was $30.83 per square foot, an increase of 12 cents from the first quarter. [more]

  • Zillow looks to acquire rival listings site Trulia for $2B

    Move would combine the two most-visited real estate websites in the U.S.
    July 24, 2014 04:10PM
    155 People Viewed
    From left: Trulia and Zillow's home pages

    From left: Trulia and Zillow’s homepages

    Zillow, the largest residential listings website in the U.S., is reportedly looking to acquire rival site Trulia for as much as $2 billion. [more]

  • REBNY’s influence over Cuomo laid bare

    Industry sources say NYT investigation unlikely to change group's relationship to governor
    July 24, 2014 03:51PM By Hiten Samtani
    183 People Viewed
    From left: Steven Spinola, Rob Speyer and Governor Andrew Cuomo (Credit: Steve Friedman)

    From left: Steven Spinola, Rob Speyer and Governor Andrew Cuomo (Credit: Steve Friedman)

    The Real Estate Board of New York’s power and influence over state government is, as a well-known Democratic operative put it, “about as new as hieroglyphics.” Albany politicians often transition into lucrative real estate careers, and Governor Andrew Cuomo is a tuxedo-clad fixture at REBNY’s annual gala. But an investigative story in the New York Times yesterday laid out the extent of the industry’s influence with Cuomo in the most explicit manner yet. The industry’s initial response to the story, however, suggests that it is unlikely to impact how REBNY does business. [more]

  • Ashkenazy sues Denihan for allegedly backing out of Surrey Hotel deal

    Dispute stems from planned sale of stake in ground lease at UES property
    July 24, 2014 03:30PM By David Jones
    1 People Viewed
    Ben Ashkenazy and 20 East 76th Street

    Ben Ashkenazy and 20 East 76th Street

    An entity led by investors Ben Ashkenazy and Michael Alpert is scheduled to face off with Denihan Hospitality Group in Manhattan Supreme Court after the investment firm claimed that Denihan backed out of a deal to sell a 49 percent stake in the ground lease at the Surrey Hotel. [more]

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