The Real Deal New York

  • 9 libraries on Instagram you’ll want to curl up in this weekend

    October 03, 2015 05:00PM TRD WEEKEND EDITION
    Libraries of Instagram

    Libraries of Instagram

    From Luxury Listings NYC: When it’s raining, the only thing you want to do is put on a thick wool sweater, brew a pot of tea and snuggle up reading a page-turning bestseller. And wouldn’t it be glorious to do that in one of these beautiful spaces? [more]

  • Jinx creator Jarecki: Durst family could have helped prevent two murders

    Filmmaker blames Durst Organization bosses for covering up evidence against Robert Durst
    October 03, 2015 04:05PM By Konrad Putzier
    Andrew Jarecki, Robert Durst and Douglas Durst

    From left: Andrew Jarecki, Robert Durst (Credit: HBO) and Douglas Durst (credit: Adam Pincus, TRD)

    Andrew Jarecki, the co-creator of the extraordinary documentary about accused murderer Robert Durst, said that by refusing to cooperate with authorities and share crucial information about Kathleen McCormack’s disappearance, Douglas Durst and his late father Seymour Durst share some responsibility in failing to prevent the deaths of two other individuals.  [more]

  • Landlord says Bill’s Food & Drink faces eviction

    Owner John Delucie is allegedly $107,000 behind on rent
    October 03, 2015 04:00PM TRD WEEKEND EDITION

    John Delucie and Bill’s Food & Drink

    Bill’s Food & Drink – the high-end makeover of the old Bill’s Gay Nineties townhouse space – is allegedly three months behind on its rent and could soon be evicted, according to the landlord. [more]

  • Don’t build your house on the sand; build a hotel

    Two hotels in Holland are literal sandcastles
    October 03, 2015 03:00PM TRD WEEKEND EDITION

    The Zand Hotel in the Netherlands

    Two hotels in the Dutch towns of Oss and Sneek are shaking things up with a first-of-its-kind design. [more]

  • Inside TheRealDeal
  • Donald Trump’s home is exactly like you’d imagine

    Glitz, gold and thrones? Check, check and check
    October 03, 2015 02:30PM TRD WEEKEND EDITION
    The People Magazine Trump spread

    The People Magazine Trump spread

    From Luxury Listings NYC: We were starting to feel like there was nothing else about Donald Trump we could possibly want to know.  And then People magazine got exclusive access to Trump’s lavish penthouse on the 66th floor in his tower above Fifth Avenue. [more]

  • From the archives: Rosen and Schrager, post-split

    The longtime duo quickly jump into other projects and pairings after ending their real estate power partnership
    October 03, 2015 01:00PM By Adam Piore
    From left: Aby Rosen and Ian Schrager

    From left: Aby Rosen and Ian Schrager

    Now that their split is official, financier Aby Rosen and hotel impresario Ian Schrager are wasting little time moving on.

    Rosen acknowledged publicly for the first time last month that he had reached a deal to buy his ex-partner out of the Gramercy Park Hotel, the troubled boutique project the pair sank $200 million into renovating during the frothy pre-crash days. Then he issued a news release touting the new additions he has planned on his own for the 185-room high-end hotel, including a redesigned culinary operation headed by famed restaurateur and Shake Shack founder Danny Meyer. Read the full story from the January 2011 issue here.

  • In London, a cupboard beneath a staircase asks $750 a month

    Naturally, the listing has drawn numerous Harry Potter comparisons on Twitter
    October 03, 2015 12:00PM TRD WEEKEND EDITION
    The cupboard under the stairs used in the Harry Potter films

    The cupboard under the stairs used in the Harry Potter films

    A rental in London is drawing unpleasant Harry Potter comparisons – that’s because it is literally a bed under the stairs. And while Harry didn’t pay rent to live with the Dursleys, it costs approximately $750 a month to live under these stairs. [more]

  • Live in Bjarke Ingels’ latest for just $545 a month

    Applications are now being accepted for the building’s affordable units
    October 03, 2015 11:00AM TRD WEEKEND EDITION
    From left: Bjarke Ingels and a rendering of the pyramid building on West 57th Street

    From left: Bjarke Ingels and a rendering of the pyramid building on West 57th Street

    The lottery for Bjarke Ingels’ Westside tetrahedron is now open and applications are being excepted its 142 affordable apartments. [more]

  • this-is-fountain-house-it-was-originally-built-in-1938-and-was-designed-by-sir-giles-gilbert-scott-the-man-who-also-designed-britains-iconic-red-telephone-box

    Fountain House

    Mayfair estate agent Wetherell is launching what it claims to be London’s most expensive student accommodation right on Park Lane. [more]

  • A peek inside billionaire Carlos Slim’s $80M UES townhouse

    October 03, 2015 09:30AM TRD WEEKEND EDITION

    1009 Fifth Avenue

    From Luxury Listings NYC: If there was a Tinder for real estate property we’d be swiping right with a vengeance for this sexy Upper East Side townhouse. And now there are finally interior photos of the 20,000-square-foot mansion located at 1009 Fifth Avenue. [more]

  • MetroLoft’s Berman acquires leasehold on 20 Broad Street

    FiDi property will house developer's latest office-to-resi conversion
    October 02, 2015 06:00PM
    20 Broad Street

    20 Broad Street in the Financial District and Nathan Berman

    MetroLoft founder Nathan Berman is buying a controlling interest in a Financial District office tower at 20 Broad Street, with plans to convert it into rental apartments.

    Berman is paying Vornado Realty Trust an undisclosed sum for the leasehold on the 27-story, 473,000-square-foot office building. The real estate investment trust had leased 20 Broad Street from the New York Stock Exchange until 2081, when NYSE will have the right to take back control of the 1950s-era building. It means Berman will have ample time to convert the building and operate it as a rental. [more]

  • Top residential agents of the week

    October 02, 2015 05:20PM
    Sean Hughes and Aeen Avini

    From left: Sean Hughes, Aeen Avini and 8 Warren Street in Tribeca

    Sean Hughes and Aeen Avini of Town Residential topped this week’s residential sales with a $3.2 million condominium unit at 8 Warren Street in Tribeca. Click here to see this listing and more.

  • TRD’s E.B. Solomont wins Front Page Award

    Newswomen's Club of New York honors reporter for coverage of Chinese investors in NYC
    October 02, 2015 04:54PM
    E.B. Solomont and The Real Deal's March 2015 cover

    E.B. Solomont and The Real Deal’s March 2015 cover

    The Real Deal is thrilled to announce that reporter E.B. Solomont has won a Front Page Award from the Newswomen’s Club of New York, one of the most prestigious prizes for New York-area journalists.

    The award, founded in 1937, recognizes the best journalism by women working in print, wire, broadcast and online media. Solomont won for her March 2015 cover package titled “The Year of the Chinese Investor.” [more]

  • TRD’s “The Closing: Interviews with New York City’s Titans of Real Estate” is now available

    Book is a collection of candid conversations with Trump, Tisch and a host of others
    October 02, 2015 04:20PM

    Closing-Book-The-Real-DealMavericks. Moguls. Visionaries. “The Closing” features 100 candid interviews with the giants of the real estate industry who share the lessons they learned and the challenges they overcame on their way to the top.

    The collection is drawn from nearly a decade of The Real Deal’s back-page interview, the Closing, one of the most popular features with readers since the magazine’s inception. Hear from luminaries including Nobel Prize-winning Robert Shiller, hotel-and-nightlife pioneer Ian Schrager, starchitects Robert A.M. Stern and Richard Meier, top investment sales broker Darcy Stacom, Jonathan Tisch of the Tisch family dynasty and, of course, Donald Trump.

    The book is a must-read for anyone fascinated by the high-stakes world of New York City real estate. It is available for purchase on Amazon, and on the TRD magazine app, available for iPad and iPhone, Android and Kindle.

  • Kicking the can on EB-5

    Congress holds off on tightening rules for controversial visa program
    October 02, 2015 03:52PM By C. J. Hughes

    EB-5-VisaFrom the October issue: New York developers who rely on the widely popular EB-5 visa program to fund their projects are likely breathing a collective sigh of relief as October kicks off.

    Although a key provision of the federal program expired at the end of last month, Congress put on hold tough new standards that could make it more difficult to qualify for overseas capital through the program, which trades visas for investments that create jobs.

    Federal lawmakers instead decided to kick the can down the road and revisit the legislation in the next few months, but keep the program intact in the meantime. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    October 02, 2015 03:35PM

    1. Manhattan’s median price closes in on $1M: report
    2. Halstead opens first Queens office
    3. Buyers snap up Sanbra’s Red Hook townhouses

    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]

  • How Gary Barnett made the Ring bling

    Extell has already sold 10 of the buildings for more than $700M
    October 02, 2015 03:10PM By Rey Mashayekhi
    Ring Portfolio NYC

    Gary Barnett (credit: STUDIO SCRIVO) has sold 10 Ring portfolio properties to buyers including Robert Gladstone (top left) and Jeffrey Feil (bottom right)

    TRD Friday Feature:When Gary Barnett finally won a 14-building portfolio of properties owned by brothers Frank and Michael Ring in late 2013 – after much maneuvering and legal wrangling – it was viewed as a coup for one of New York’s savviest dealmakers. [more]

  • Futuristic Zaha Hadid-designed building asks $50M for triplex

    Private terraces at Related's condo property will feature doors that glide open at push of a button
    October 02, 2015 02:40PM
    Zaha Hadid condo

    Rendering of 520 West 28th Street in Chelsea (credit: Hayes Davidson)

    Sales launched at the Related Cos.’s ambitious 520 West 28th Street condo development – renowned architect Zaha Hadid’s first New York City project – with prices for the building’s 39 apartments ranging from $5 million for a two-bedroom unit to $50 million for a triplex penthouse. [more]

  • New condos see rare dip in price per square foot

    "Affordable luxury" units lowered average prices during 2015's first half
    October 02, 2015 02:10PM By E.B. Solomont

    From left: River & Warren, Kelly Kennedy Mack and Carnegie Park

    There aren’t many bargains in Manhattan’s red-hot condominium market, where the average sales price hit $3.4 million this spring.

    But in what’s a pretty rare occurrence these days, the average price per square foot for new condo units dropped during the first half of the year, according to data provided to The Real Deal by Corcoran Sunshine Marketing Group. [more]

  • Minskoff let Whole Foods kill our urban forest: condo board

    Residents of 101 Warren in Tribeca filed $1M suit against developer for dead trees
    October 02, 2015 01:45PM
    Edward Minskoff 101 Warren

    From left: 101 Warren Street, Edward Minskoff

    A Tribeca condo board says Edward J. Minskoff Equities can’t see the forest from the trees at 101 Warren Street in Tribeca, mostly because shoddy construction has killed the many of the 101 Austrian pines on the “atrium” rooftop.

    Minskoff Equities, the building sponsor, is being sued by the condo board for allowing Whole Foods to install exhaust fans that allegedly decimated the private forest on the fifth floor of 101 Warren Street. [more]