The Real Deal New York

  • Landlord sues Bond New York founders for allegedly breaking Tribeca lease

    Ricciotti and Freedman say claims that they "abandoned" 25 Hudson Street are meritless
    February 08, 2016 04:15PM By Rey Mashayekhi
    25 Hudson Street

    25 Hudson Street in Tribeca (inset, from left: Noah Freedman and Bruno Ricciotti)

    Bond New York founders Bruno Ricciotti and Noah Freedman, and an entity they used to sign a lease for their brokerage’s Tribeca office, are being sued by their landlord for allegedly breaking their lease. [more]

  • De Blasio inks law requiring DOB to alert officials of new projects

    The department will have to give weekly updates on applications
    February 08, 2016 03:50PM By Kathryn Brenzel
    From left: Mayor Bill de Blasio and Rick Chandler

    From left: Mayor Bill de Blasio and Rick Chandler

    A new law requires the Department of Buildings to give city officials a heads up when a new building is proposed for a neighborhood.

    Mayor Bill de Blasio signed a bill into law Monday ensuring that the department alert the City Council and Community Boards via email on a weekly basis after an application for a new building or for an alteration requiring a new certificate of occupancy for a building is filed. The bill also requires the department to email notices of rejected applications and also post all this information on its website every week. [more]

  • Phew!: Millionaires’ feud over 1 foot of property on UES is over

    Judge rules Ravi and Suzanne Yadav can proceed with fence plans
    February 08, 2016 03:30PM

    63 East 92nd Street (inset: Philippe Delouvrier)

    It may have not reached Hatfield and McCoy proportions, but the feud between millionaires over one foot of property on the Upper East Side is over — at least for now.

    A Manhattan judge said Ravi Yadav, a Soros Fund Management Fund partner, and his wife Suzanne can go forward with their plans for a fence at their townhouse at 63 East 92nd Street. [more]

  • These are the most expensive BK condos approved last month

    See approved condominium plans from last month and the last year on TRData
    February 08, 2016 02:45PM

    Clockwise from Left: Renderings for 651 New York Avenue (Credit: Loadingdock5), 171 South Portland Avenue (Credit: East River Partners), 559 Carroll Street (Credit: Brooklyn Home Company) and 70, 80 and 90 Lorimer Street (Credit: NY YIMBY)


    Did you know Sunset Park, the off-the-condo’d-path land of beef tongue and dim sum, is getting condos from major Manhattan developer Time Equities? Or that South Brooklyn neighborhoods had four of the 10 most expensive condo projects approved in January? TRData, The Real Deal‘s research website, is compiling data for newly approved condominiums every month. See the top ten condo projects greenlighted by the NY State Attorney General in January (and also during the last year) by clicking here, and for more reports, info and analysis on New York real estate visit TRData’s Data Hub.

  • Inside TheRealDeal
  • The Lower East Side goes upscale: Q&A, part I

    David Schneiderman and Deborah Gutoff on the neighborhood's "original game changer"
    February 08, 2016 02:17PM By Adam Warner
    From left: David Scheiderman the Ludlow Hotel at 180 Ludlow Street on the Lower East Side and Deborah Gutoff thumb

    From left: David Scheiderman the Ludlow Hotel at 180 Ludlow Street on the Lower East Side and Deborah Gutoff thumb

    From the February issue: The Lower East Side is a long-gritty neighborhood that’s undergoing a dramatic makeover. Driving the transformation is the $1.1 billion Essex Crossing mega project, which is set to deliver 1,000 units of housing along with retail, office, and community/cultural uses. In our third web installment, we bring you TRD‘s interviews with David Schneiderman, co-founder of Four Winds Real Estate and Deborah Gutoff, senior director of Eastern Consolidated, who talk about the neighborhood’s “original game changer,” as well as what kind of investment opportunities they are seeing right now. [more]

  • Tishman Speyer taps Bjarke Ingels for $3B Hudson Yards office tower

    Developer gets $1B in equity for 1,005-foot property
    February 08, 2016 01:45PM

    Renderings of the Spiral at 66 Hudson Boulevard (credit: Tishman Speyer) (inset: Bjarke Ingels and Rob Speyer)

    Tishman Speyer hired starchitect Bjarke Ingels to design its new 1,005-foot, $3 billion-plus office tower in Hudson Yards. The developer secured $1 billion in equity from a group of international investors. [more]

  • Ruben Companies secures $245M loan for 1700 Broadway

    Firm recently paid $280M to take fee position, own office tower in full
    February 08, 2016 01:22PM
    Richard Ruben 1700 Broadway

    Richard Ruben and 1700 Broadway in Midtown

    Ruben Companies received $245 million in financing from Prudential Mortgage Capital Company for its 42-story, 650,000-square-foot office tower at 1700 Broadway, according to city records.

    New York-based Ruben recently bought the land beneath the Midtown building between West 53rd and West 54th streets, which it had developed in 1968, from the Shubert Foundation for $280 million in an off-market transaction. [more]

  • Queens developer files for 79-story LIC resi tower

    Chris Xu bought the site near One Court Square for $143M in July
    February 08, 2016 12:45PM By Ariel Stulberg

    A rendering of the planned Court Square City View Tower at 23-15 44th Drive in Long Island City (inset: Chris Xu)

    Flushing-based developer Chris Jiashu Xu filed plans for a massive 79-story residential tower in Long Island City. [more]

  • Is Sarah Jessica Parker buying not one – but two – new Village homes?

    “Sex and the City” actress said to be buying on West 11th Street
    February 08, 2016 12:25PM By Katherine Clarke
    Sarah Jessica Parker and 273-275 West 11th Street

    Sarah Jessica Parker and 273-275 West 11th Street

    It seems Carrie Bradshaw just can’t leave the Village behind.

    Less than a year after selling her West 10th Street townhouse, Sarah Jessica Parker, who played Bradshaw in “Sex and the City,” is said to be buying two other pads on West 11th Street. [more]

  • Adam America files plans for 11-story LIC condo building

    Developer's first Queens project will hold 175 condo units, 5K sf of retail
    February 08, 2016 12:15PM By Rey Mashayekhi
    Adam America

    From left: Omri Sachs and Dvir Cohen Hoshen

    Adam America filed plans this weekend to build an 11-story residential tower in Long Island City – a 175-unit condo building that’s expected to feature nearly 5,000 square feet of ground-floor retail.

    The Midtown East-based firm’s plans for a nearly 170,000-square-foot building at 22-12 Jackson Avenue, filed with the city’s Department of Buildings on Saturday, include a pool on the first floor, a gym and children’s playroom on the second floor and a rooftop “recreation area” atop the building. There will also be storage space for 91 bicycles on the first and second floors. [more]

  • The week in luxury: A map of NYC’s priciest apartment sales

    An interactive look at where the biggest deals were struck, plus total overall sales and average prices for the week (click on numbers to see data)
    February 08, 2016 11:30AM

    Cityrealty Feb 8

    Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales. Click here to see this week’s version.

  • Head of AG’s real estate finance bureau to join Stroock

    “The only thing better than preserving affordable housing… is building it”: Erica Buckley
    February 08, 2016 11:05AM
    Erica Buckley

    Erica Buckley to join Stroock & Stroock

    After eight years of public service, the head of the New York State Attorney General’s Real Estate Finance Bureau is making a move to the private sector.

    Erica Buckley will join the real estate and government relations practices at Stroock & Stroock & Lavan’s New York office.

    The 42-year-old has been with the attorney general’s office for eight years and in 2013 was made chief of the 45-person Real Estate Finance Bureau, which enforces a state law regulating the offer and sale of both co-ops and condominiums. The bureau also focused on affordable housing and monitored landlords and developers receiving 421-a abatements. [more]

  • 21 contracts signed at $4M and up: Olshan

    No. 1 contract was West Village house asking $18.5M
    February 08, 2016 10:31AM
    Clockwise from top left: 230 Central Park South, 17 Harrison Street, 88 Franklin Street and 447 Hudson Street

    Clockwise from top left: 230 Central Park South, 17 Harrison Street, 88 Franklin Street and 447 Hudson Street

    Manhattan buyers scooped up 21 pads asking $4 million and more last week, a slight bump from the 18 contracts signed a week earlier, according to Olshan Realty’s weekly luxury market report. [more]

  • Luxury rental unit boom, but whither the renter?

    8,000 units to become available, but vacancy rates are up and market is softening
    February 08, 2016 10:05AM
    625 West 57th Street in Midtown West (credit: Durst Organization)

    625 West 57th Street in Midtown West (credit: Durst Organization)

    They say timing is everything: 8,000 high-end Manhattan and Brooklyn rental units are about to hit a market that is showing signs of softening, but developers don’t seem worried. [more]

  • Will Elliman’s spending spree pay off?

    The mega firm is pouring "tens of millions" into an unprecedented marketing and national expansion effort
    February 08, 2016 09:31AM By Katherine Clarke
    Celebrities in Elliman seats at a Knicks game

    Celebrities in Elliman seats at a Knicks game

    From the February issue: Taylor Swift, Ben Stiller, supermodel Kate Upton and, of course, Spike Lee have all had courtside seats for the New York Knicks this season to bear witness to the 7-foot-tall Latvian rookie sensation Kristaps Porzingis sinking shots.

    And on many game nights, Howard Lorber, the 67-year-old chairman of the mega brokerage Douglas Elliman, can be found next to that “Celebrity Row” stretch, sitting directly below the hoop.

    That’s because last year, Elliman entered into a multi-year sponsorship deal with Madison Square Garden for the right to slap its grey-and-blue logo on an entire row of courtside seats at the arena. [more]

  • Nikki Field out, Corcoran in at Kushner’s Puck Building

    Sotheby’s broker recently sold a $28M unit there, the second closed sale since Fall 2014
    February 08, 2016 09:02AM

    Puck Penthouses and Nikki Field (inset)

    Nikki Field of Sotheby’s International Realty is set to step aside as the lead broker at Kushner Companies’ Puck Building, shortly after selling the building’s Penthouse II for $28 million. [more]

  • Rich Marin named in suit over New York Wheel cost overruns

    Project CEO named as defendant in ongoing litigation between majority and minority shareholders
    February 08, 2016 08:32AM By Katherine Clarke
    A rendering of the New York Wheel (inset: Rich Marin)

    A rendering of the New York Wheel (inset: Rich Marin)

    New York Wheel CEO Rich Marin, the former Bear Stearns executive tasked with heading up plans for the $500 million Staten Island observation wheel, has finally gotten tangled up in litigation among the project’s investment partners. [more]

  • Jamestown buys 49% stake in 63 Madison, 200 Madison (UPDATED)

    Deal with George Comfort and Loeb Partners reportedly values the pair of buildings at $1.15B
    February 08, 2016 08:03AM
    63 Madison Avenue and 200 Madison Avenue (inset: Jamestown's Matt Bronfman)

    200 Madison Avenue and 63 Madison Avenue in Midtown South (inset: Jamestown’s Matt Bronfman)

    UPDATED: Feb. 8 2:26 p.m.: Jamestown has closed with George Comfort & Sons and Loeb Partners Realty on the purchase of a 49 percent stake in two major Midtown South office properties that reportedly valued the pair at $1.15 billion. [more]

  • Most popular stories on The Real Deal

    February 08, 2016 07:30AM

    Current reader favorites:
    1. The (kosher) power lunch
    2. Plans for mile-high skyscraper unveiled in Japan
    3. Miley Cyrus picks up third home in L.A.
    4. De Blasio announces new crane safety regulations in wake of fatal collapse
    5. Design team creates attractive $20K homes that could change the housing market

  • It’s a wrap: this week’s celebrity home swaps

    February 07, 2016 05:00PM TRD WEEKEND EDITION
    Clockwise from left:  Henrik Lundqvist, Anne Hathaway, Paul Giamatti and Al Hirschfeld

    Clockwise from left: Henrik Lundqvist, Anne Hathaway, Paul Giamatti and Al Hirschfeld

    From Luxury Listings NYC: A round up of all the deals and steals that have happened this week involving celebs and their homes. [more]