The Real Deal New York

  • A Zuckerberg may have just bought this GV townhouse for $22.3M

    Naturally, the broker has declined to comment
    September 05, 2015 10:22AM By Business Insider
    TRD WEEKEND EDITION
    157 West 12th Street and Facebook founder Mark Zuckerberg and his wife Priscilla Chan

    157 West 12th Street and Facebook founder Mark Zuckerberg and his wife Priscilla Chan

    A townhouse in the Greenwich Village has just sold for a whopping $22.3 million, and rumors are swirling that the mysterious buyer is either billionaire Facebook CEO Mark Zuckerberg or his sister, Randi Zuckerberg. [more]

  • Inside the U.S. Open’s ritziest lounge

    It has "touches” like fresh flowers on every table and a full buffet of premium seafod
    September 05, 2015 09:30AM TRD WEEKEND EDITION
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    The Emirates airline lounge at the U.S. Open

    From Luxury Listings NYC: Another year, another first class lounge at the U.S. Open that you have to be married to Satan to get into. Or, you know, a movie star. [more]

  • Brooklyn developer claims he was cheated out of Yotel Williamsburg stake

    Dovi Lesches accuses Pan Brothers, Synapse of causing him "dire financial harm"
    September 04, 2015 06:15PM By Rey Mashayekhi and Kyna Doles
    Renderings of Yotel Williamsburg at 646 Lorimer Street (credit: HWKN) and Dovi Lesches

    Renderings of Yotel Williamsburg at 646 Lorimer Street (credit: HWKN) and Dovi Lesches

    Dovi Lesches of Brooklyn-based development firm Horizon Group is suing the developers behind Yotel Williamsburg, claiming his stake in the project was sold off without his consent, according to documents filed Thursday in New York State Supreme Court. [more]

  • Top residential agents of the week

    September 04, 2015 05:50PM
    From left: Ginger Brokaw, Jason Karadus and 1355 First Avenue on the Upper East Side

    From left: Ginger Brokaw, Jason Karadus and 1355 First Avenue on the Upper East Side

    Ginger Brokaw and Jason Karadus of Town Residential topped this week’s residential sales with a $20.7 million condominium unit at 1355 First Avenue on the Upper East Side. Click here to see this listing and more.

  • Inside TheRealDeal
  • Stay tuned for TRD’s weekend edition

    Stay on top of NYC, Florida and international real estate news
    September 04, 2015 05:20PM

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    While summer days are waning, The Real Deal is still going strong with our weekend edition.

    Every Saturday and Sunday, we bring you the most interesting real estate items from around the country and abroad, plus a look at some of the hottest lifestyle stories from Luxury Listings NYC and our South Florida site.

    But, we don’t entirely forget the hard news. If there’s a breaking story, we’ll be there to report it.

    So, check out TRD’s weekend edition. And, like our Facebook page or follow us on Twitter to stay in touch with us on the go.

  • Investors love real estate funds – for now

    Survey finds joy over returns, concern over valuations
    September 04, 2015 04:50PM By Konrad Putzier
    Sternlicht Gray

    From left: Real estate fund managers Barry Sternlicht, Joe Sitt and Jonathan Gray

    Real estate investors are much happier with their returns than in past years but are also anxious over valuations, according to a new survey by research firm Preqin. [more]

  • David Marx expected to raise $40M on Israeli bond market

    Developer is the latest to tap into Tel Aviv for capital
    September 04, 2015 04:20PM By Rey Mashayekhi
    From left: Gal Amit, Rafael Lipa and David Marx

    From left: Gal Amit, Rafael Lipa and David Marx

    David Marx is set to become the latest New York-based real estate developer to tap into Israel’s burgeoning corporate bond market to raise funds. His Flushing-based firm, Marx Development Group, is expected to complete a roughly $40 million debt issuance on the Tel Aviv Stock Exchange early next week. [more]

  • Re:Cap: “Devil Wears Prada” loft hits the market, Jonathan Miller declared most trusted man in NYC RE … and more

    A roundup of real estate-related happenings from last month
    September 04, 2015 04:00PM By Ann Imperatore

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    From the September issue: The Soho loft from “The Devil Wears Prada” hit the rental market for $23,000 per month. Jonathan Miller was declared the most trusted man in New York real estate. And Donald Trump graced the cover of the New Yorker. [more]

  • SL Green finally files One Vanderbilt plans

    Details largely mirror Oct. 2013 proposal
    September 04, 2015 03:30PM By Ariel Stulberg

    One Vanderbilt Avenue in Midtown East and SL Green CEO Marc Holliday (inset)

    After years of waiting on the starting line, SL Green Realty’s One Vanderbilt project is off and running. [more]

  • Tax credit renewals would help homeowners

    Congress must act to extend tax benefits before the end of the year
    September 04, 2015 03:00PM By Kenneth Harney
    Orrin Hatch Ron Wyden

    From left: Orrin Hatch and Ron Wyden

    From the September issue: Just before Congress headed out for vacation last month, a Senate committee started something that’s likely to prove important to thousands of homeowners and buyers across the country: Extensions for popular but expired tax benefits for energy-efficient home improvements, mortgage-debt forgiveness and deductions of mortgage-insurance premiums.

    By a lopsided bipartisan margin, the Senate Finance Committee voted to approve the 2015 version of what has become an annual event that often carries on well into December. [more]

  • RedSky’s DoBro development play grows to 500K sf

    With latest acquisitions, firm now owns all but 5 of the retail-heavy buildings on strip
    September 04, 2015 02:30PM By Mark Maurer
    Bernstein

    NYC tax map of strip bounded by Fulton Street, DeKalb Avenue and Flatbush Avenue in Downtown Brooklyn, with 547 Fulton Street highlighted (inset: Ben Bernstein)

    RedSky Capital is tacking on more square footage to its sizable Downtown Brooklyn assemblage ripe for development. [more]

  • Two Trees seeks sweet construction loan for Domino Sugar apartment building

    Developer pegs total cost at $300M
    September 04, 2015 01:57PM By Rich Bockmann
    Jed Walentas and a rendering of 325 Kent Avenue (credit: SHoP Architects)

    Jed Walentas and a rendering of 325 Kent Avenue (credit: SHoP Architects)

    Two Trees Management is close to securing a construction loan for the mixed-income apartment project at the iconic Domino Sugar Factory site in Williamsburg, which the company estimates will cost roughly $300 million to develop. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    September 04, 2015 01:30PM

    1. If Trump had put money in an index fun, he’d be twice as rich
    2. Coolest parents ever buying their kids NYC apartments
    3. Here’s a look at NYC’s top building buys: VIDEO

    Like The Real Deal on Facebook for breaking industry stories, links to quirkier pieces and lively conversation about important properties in New York and around the world. [TRD‘s Facebook Page]

  • Compass turns to the Hamptons, where rivals roam

    Firm to take over Corcoran Group’s old digs in Bridgehampton
    September 04, 2015 01:00PM By E.B. Solomont
    Robert Reffkin

    Robert Reffkin

    After poaching agents from the Corcoran Group in Manhattan and Brooklyn, Compass is now planting a flag at the rival firm’s old digs in the Hamptons.

    The startup firm, which is backed by more than $73 million in venture capital, inked a deal to take over Corcoran’s space at 2405 Main Street in Bridgehampton, The Real Deal has learned. Sources close to the company said Compass expects the office to open by the end of the month. [more]

  • Chetrit rumbles in the Bronx with Mott Haven towers

    Apartment buildings will rise 25 stories and total 1.1M square feet
    September 04, 2015 12:39PM By Konrad Putzier
    From left: Joseph Chetrit, Keith Rubenstein and 2401 Third Avenue (credit: Loopnet)

    From left: Joseph Chetrit, Keith Rubenstein and 2401 Third Avenue (credit: Loopnet)

    The Chetrit Group and Somerset Partners filed plans for two 25-story apartment towers in the South Bronx, a project officials say could be the catalyst to a new wave of development in the booming borough. [more]

  • Zara founder buys entire Miami Beach block for $370M

    Billionaire Amancio Ortega acquires retail properties in second biggest Miami-Dade deal ever
    September 04, 2015 12:00PM By Ina Cordle
    1035 Lincoln Road in Miami Beach (inset: Amancio Ortega)

    1035 Lincoln Road in Miami Beach (inset: Amancio Ortega)

    From the South Florida website: In one of the largest real estate deals in Miami-Dade history, an entire block of Miami Beach’s Lincoln Road has traded hands for $370 million. And the buyer is the world’s fourth richest person, a Spanish fashion billionaire whose empire includes Zara, The Real Deal has learned. [more]

  • The Palazzo di Amore in Beverly Hills

    The Palazzo di Amore in Beverly Hills

    1. Will Millennials buy homes online? Palace of Love” in Beverly Hills drops price by $50 million. East New York is on the rise. Read these stories and more after the jump.

  • Forest City turns to — surprise — Prokhorov to offload Nets, Barclays Center stake

    Deal would see oligarch pay little beyond $31M owed by real estate firm
    September 04, 2015 11:00AM
    Mikhail Prokhorov and a Brooklyn Nets game at Barclays Center

    Mikhail Prokhorov and a Brooklyn Nets game at Barclays Center

    Forest City Enterprises reportedly found a buyer to offload its stake in the NBA’s Brooklyn Nets and the Barclays Center in Prospect Heights – and unsurprisingly, it’s none other than Russian oligarch and Nets majority owner Mikhail Prokhorov. [more]

  • “SVU” star Christopher Meloni’s pad in contract for $9M

    Actor's Midtown unit hit the market back in 2012
    September 04, 2015 10:30AM
    230 West 56th Street in Midtown and Christopher Meloni

    230 West 56th Street in Midtown and Christopher Meloni

    Christopher Meloni’s former “Law & Order: SVU” character, detective Elliot Stabler, should investigate why it took the actor so long to sell his Midtown apartment.

    Meloni and his wife Sherman Williams finally found a buyer for their 3,000 square foot four-bedroom condominium unit at 230 West 56th Street in Midtown. The unit is contract for $9 million after spending three long years on the market. [more]

  • The Real Deal goes to Shanghai

    More than 5,000 guests expected for China’s biggest-ever US real estate forum
    September 04, 2015 10:06AM By Ariel Stulberg
    A view of Shanghai, where The Real Deal is hosting its U.S. Real Estate Showcase and Forum at the Jing An Shangri-La Hotel this month.

    A view of Shanghai, where The Real Deal is hosting its U.S. Real Estate Showcase and Forum at the Jing An Shangri-La Hotel this month.

    From the September issue: Chinese interest in New York and U.S. real estate has grown at an unprecedented rate in recent years. But there is still a massive untapped market of Chinese investors looking for properties to park their money in, as well as for real estate players who can help make those deals happen.

    While New York City real estate projects are written about daily in the U.S., many Chinese investors don’t have access to key information about those projects or how to get involved because of restrictions on Internet use there. [more]

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