The Real Deal New York

  • The vast majority of the world’s billionaires are — suprise! — in NYC : Report

    NYC boasts $537 billion, or 7.6 percent, of all global billionaire wealth
    July 30, 2016 05:00PM TRD WEEKEND EDITION
    Bill and Melinda Gates during their visit to the Oslo Opera House in June 200 (photo credit: Kjetil Ree via Wikicommons)

    Bill and Melinda Gates during their visit to the Oslo Opera House in June 200 (photo credit: Kjetil Ree via Wikicommons)

    From Luxury Listings NYC: It’s not just Billionaire’s Row and Belgravia. A new study conducted by Richard Florida and the Martin Prosperity Institute’s Charlotta Mellander sets out to map this global geography of the super-rich — whose combined wealth exceeded $7 trillion in 2015. [more]

  • Singapore is getting way greener thanks to this architectural firm

    WOHA wants to fill the city with tropical vertical ecosystems
    July 30, 2016 04:00PM TRD WEEKEND EDITION
    Parkroyal on Pickering tower in Singapore

    Parkroyal on Pickering tower in Singapore

    Construction goes around the clock in the dense nation state of Singapore. But increasingly, the wealthy island is turning away from the typical trappings of new construction and focusing on developing environmentally conscious architecture. And that is in large part thanks to the firm WOHA. [more]

  • Is it now officially a buyer’s market?

    Some top agents are saying so
    July 30, 2016 03:00PM TRD WEEKEND EDITION
    A rendering of 111 West 57th Street

    A rendering of 111 West 57th Street

    With a glut of high-end supply floundering on the market, some top agents are now saying that we have officially entered a global buyer’s market for luxury homes. [more]

  • The Museum of Ice Cream is too sweet for its own good

    July 30, 2016 02:00PM By Isabel Schwab
    TRD WEEKEND EDITION
    The Whitney Museum and the sprinkle pool at the Museum of Ice Cream

    The Whitney Museum and the sprinkle pool at the Museum of Ice Cream

    From Luxury Listings NYC: “I want ice creammmmmmm!!!!” A group of campers, waiting impatiently outside the Whitney Museum, shrieked in the heavy heat. Their attention was focused on the far more enticing Museum of Ice Cream across the street. I could hardly blame them: Who would want to look at contemporary art when they could be indulging in the ultimate summer treat? [more]

  • Inside TheRealDeal
  • From the archives: Distilling the market to 140 characters or less

    More brokerages jump on board the Twitter bandwagon
    July 30, 2016 01:00PM By Sara Polsky
    TRD WEEKEND EDITION
    245 West 17th Street in Chelsea

    245 West 17th Street in Chelsea

    If only home sales were growing like Twitter. Visits to the micro-blogging Web site, where users post “tweets” of 140 characters or less that are read by the other Twitter members following them, increased from 475,000 unique visitors in February 2008 to 7 million last month. And perhaps in a quest for new marketing tools, New York City brokerages are among those in a hurry to sign up. Read the full story from the April 2009 issue here.

  • One of the world’s most stunning structures is under threat

    Terrorism could destroy the Grand Mosque of Djenné, Mali
    July 30, 2016 12:00PM TRD WEEKEND EDITION
    The Grand Mosque in Djenné, Mali

    The Grand Mosque in Djenné, Mali

    For thousands of years, residents of Djenné, Mali have lived in homes made of mud. So naturally Djenné is the site of the largest mud-brick building in the world, the Grand Mosque – an UNESCO World Heritage. But the city’s most famous structure may soon be destroyed. [more]

  • A Hamptons mansion with political connections has hit the market

    The Southampton party pad will soon host Bill and Hillary Clinton
    July 30, 2016 11:00AM TRD WEEKEND EDITION
    42 Oceanview Drive

    42 Oceanview Drive

    Later this summer, Bill White, the chairman and CEO of Constellations Group, and Bryan Eure, SVP at insurance brokerage Willis Towers Watson, will host a fundraiser for Bill and Hillary Clinton at their Southampton mansion. That is, unless you buy it yourself first. [more]

  • The truth about the “dorms for adults”

    WeWork is betting its future on co-living
    July 30, 2016 10:00AM By Business Insider
    TRD WEEKEND EDITION
    WeWork

    WeWork

    “Co-living,” the idea of young professionals living in dorm-like surroundings, has been billed as the hot new trend in housing.

    WeWork, the $16 billion coworking startup, is reportedly betting that its co-living venture, WeLive, will provide the company with 21 percent of its revenue by 2018. Other startups like Common are trying to build an entire business out of the idea. But today, co-living is far from revolutionary. [more]

  • These are the 10 most expensive beaches in the world: Study

    And we're not just talking about around NYC
    July 30, 2016 09:12AM TRD WEEKEND EDITION

    Ocean view from 1695 North Ocean Way in Palm Beach (Credit: Sargent Architectural Photography) - See more at: http://therealdeal.com/miami/2016/03/12/196275/#sthash.BvdUvpoU.dpuf

    From Luxury Listings NYC: If you don’t already own a beach house, you are probably wishing that you did right about now. But unless your pockets are particularly deep, don’t even bother trying to holiday on these exclusive shores. [more]

  • Truss files plans for 103-unit Harlem condo

    Developer bought parking lot on Adam Clayton Powell Jr. Boulevard in April
    July 29, 2016 06:19PM By Konrad Putzier
    From Left: 2600 Adam Clayton Powell Jr Boulevard and an interior rendering of the new building (credit: Tuss)

    From Left: 2600 Adam Clayton Powell Jr Boulevard and an interior rendering of the new building (credit: Truss)

    Truss Development filed plans Friday for a 103-unit condo building at 2600 Adam Clayton Powell Jr. Boulevard in Harlem, three month after buying the site for $16 million. [more]

  • Del Nunzio brought on to help sell BK’s priciest listing

    BHS broker joins Corcoran’s Vicki Negron on $40M Brooklyn Heights mansion
    July 29, 2016 06:10PM By Rich Bockmann
    3-Pierrepont-Place

    3 Pierrepont Place in Brooklyn Heights

    Townhouse specialist Paul Del Nunzio has been brought in to help sell Brooklyn’s most expensive listing.

    The veteran Brown Harris Stevens broker, who recently placed sixth on The Real Deal’s annual ranking of Manhattan’s top listing agents, picked up a $40 million co-listing for the 15-bedroom, 1857 mansion at 3 Pierrepont Place in Brooklyn Heights.

  • Analytics firm Neustar inks lease at SL Green’s 100 Park

    Media firm Intersection to sublet its 23K sf space
    July 29, 2016 05:50PM By Katherine Clarke
    Neustar offices and 100 Park Avenue in Midtown

    Neustar office in Washington, D.C., and 100 Park Avenue in Midtown

    Neustar, a provider of real-time information and analytics to telecom, finance and media companies, inked a lease for 23,000 square feet at SL Green Realty’s 100 Park Avenue, sources told The Real Deal. [more]

  • From the July issue’s “In their words” feature, a roundup of the funniest and most insightful comments on real estate:

    unnamed

    To read other smart and/or funny sayings, click here for the full feature.

  • Durst taps EB-5 program to finance Astoria waterfront building

    Majority of the Hallets Point development was shelved after expiration of 421a
    July 29, 2016 05:20PM By Katherine Clarke
    Doug Durst and a rendering of Halles Point

    Douglas Durst and a rendering of Hallets Point in Astoria

    Life, liberty and the pursuit of capital.

    The Durst Organization is looking to raise a quarter of the funds for a residential building at its Hallets Point project from immigrants looking for green cards. [more]

  • What Ailes him: Rupert Murdoch’s $72M One Madison PH off the market

    News Corp. mogul bought the pad for $58M in 2014
    July 29, 2016 05:00PM By Katherine Clarke
    One Madison and Rupert Murdoch

    One Madison and Rupert Murdoch

    Rupert Murdoch can’t seem to decide where he wants to live. [more]

  • And then there was one: Madison Equities combines two PHs at 212 Fifth

    The projected sellout is pegged at $445M
    July 29, 2016 04:41PM By Kathryn Brenzel
    Rendering of 212 Fifth Avenue and Robert Gladstone

    Rendering of 212 Fifth Avenue and Robert Gladstone

    The sprawling penthouse that tops 212 Fifth Avenue almost wasn’t: The developers initially planned to split the condo unit and market it as two separate homes. [more]

  • Bull’s-eye: Extell nabs Target at East Village development

    500 East 14th Street has 42K sf of retail
    July 29, 2016 03:44PM By E.B. Solomont
    Target and rendering of 500 East 14th Street in the East Village (inset: Gary Barnett)

    Target and rendering of 500 East 14th Street in the East Village (inset: Gary Barnett)

    Big-box retailer Target inked a deal to open a small-format store at in the East Village at Extell Development’s proposed two-building development. [more]

  • Publicis Groupe subsidiary puts 80K sf on Midtown South sublease market

    Amid company turmoil, MRY looks to unload office at 11 West 19th Street
    July 29, 2016 03:04PM
    Maurice Lévy and 11 West 19th Street

    Maurice Lévy and 11 West 19th Street

    A subsidiary of one of the “Big Four” advertising agencies is putting nearly 80,000 square feet at its Midtown South office on the sublease market following recent turmoil at the company.

    MRY, a social-media agency owned by French advertising giant Publicis Groupe, is looking to sublet 78,000 square feet at its 11 West 19th Street headquarters between Fifth and Sixth avenues, Crain’s reported. The 11-story building, owned by Thomas Block of Block Buildings, totals 224,000 square feet, records show. [more]

  • Extell finalizing $600M construction loan for One Manhattan Sq.

    Deutsche Bank, AIG-led financing for 80-story condo is 2 to 3 weeks away: sources
    July 29, 2016 02:15PM By Mark Maurer

    Gary Barnett (credit: STUDIO SCRIVO) and One Manhattan Square

    UPDATED, 4:12 p.m., July 29: Gary Barnett’s Extell Development is close to securing a $600 million senior construction loan for One Manhattan Square, following a struggle that led to delays in closing mezzanine financing for the 80-story condominium project.

    A consortium of lenders led by Deutsche Bank and AIG is providing the loan for the Lower East Side project. Sources told The Real Deal that Barnett is two or three weeks away from locking in the financing. [more]

  • Judge throws out Brooklyn Bridge Park group’s suit against Pierhouse developers

    Toll Brothers and Starwood will continue construction at 130 Furman Street in Brooklyn Heights
    July 29, 2016 01:30PM By Kyna Doles
    130 Furman Street

    Pierhouse at Brooklyn Bridge Park and Doug Yearley

    A Brooklyn judge tossed out a second lawsuit brought by DUMBO community group Save The View, which aimed to block developers from finishing construction at 130 Furman Street in the Pierhouse development along the Brooklyn Heights waterfront. [more]

MENU