The Real Deal New York

  • State calls off bidding process for Williamsburg Armory

    Renting out the 3.2-acre site as a movie set earned New York over $660,000 since 2012
    July 28, 2014 12:20PM
    From left: Williamsburg Armory, Amazing Spider-Man 2 and Noah

    From left: Williamsburg Armory, Amazing Spider-Man 2 and Noah

    Governor Andrew Cuomo’s administration has ended a bidding process that could have turned the Williamsburg Armory into a school, retail space or housing complex. [more]

  • Extell’s design chief jumps to Urban Compass to head new development division

    Roy Kim’s resume includes One57 and Seattle Public Library
    July 28, 2014 11:55AM By Hiten Samtani
    From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    Extell Development’s top design executive left Gary Barnett’s firm to join Urban Compass. Roy Kim, who worked on projects including One57 and the Carlton House, will build a new development team at the cash-rich real estate tech startup. [more]

  • Rechler Equity to develop 119K sf in Long Island trade zone

    Three industrial buildings to rise on 52-acre site
    July 28, 2014 11:30AM

    Mitchell Rechler

    Plainview, N.Y.-based commercial developer Rechler Equity Partners plans to develop three parcels with a combined 119,000 square feet inside the Islip Foreign Trade Zone in Long Island’s Suffolk County.

    The land on the 52-acre trade zone in Islip is currently vacant. Rechler would construct a 54,000-square-foot building at 100 Trade Zone Drive; a 41,000-square-foot building at 2 Roebling Court and a 24,000-square-foot building at 101 Roebling Court. Rechler also owns a facility at 200 Trade Zone Drive. [more]

  • Developers in Sunset Park look to revive industrial area

    City and private investors pumping funds into three major industrial sites
    July 28, 2014 11:00AM
    From left: Brooklyn Army Terminal, Liberty View Industrial Plaza and Industry City

    From left: Brooklyn Army Terminal, Liberty View Industrial Plaza and Industry City

    Both the city and private investors have pumped hundreds of millions of dollars into three different Sunset Park industrial sites with the goal of creating a thriving industrial area with affordable rents near residents’ manufacturing jobs. But  reaching this ideal could prove challenging because the area’s infrastructure has been neglected for decades. [more]

  • Inside TheRealDeal
  • Brooklyn Brewery mulls $70M plant on Staten Island

    Advisory board helping to find 20- to 25-acre site near port
    July 28, 2014 10:30AM

    79 North 11th Street (Credit: Overall Murals)

    The owners of Brooklyn Brewery plan to construct a $70 million facility on Staten Island spanning 200,000 square feet.

    The advisory board New York City Regional Economic Development Council is working with the brewery to find a 20- to 25-acre site on the western shore of the borough. The manufacturing center would help Brooklyn Brewery ramp up its beer production for overseas buyers. The site would have to be close to the ports and with direct rail access. [more]

  • Zillow acquires Trulia for $3.5B in stock

    Two real estate sites will maintain their individual consumer brands
    July 28, 2014 10:00AM
    From left: Pete Flint and Spencer Rascoff

    From left: Pete Flint and Spencer Rascoff

    Zillow has reached a final agreement to buy rival website Trulia for $3.5 billion in a stock-for-stock transaction. [more]

  • Brooklyn in the 1970s

    Brooklyn in the 1970s

    Looking back on New York City in the 1970s. Shubert Organization buys underground, off-broadway New York World Stages. Ding Dong Lounge to close. Read these stories and more after the jump.

  • Mayor’s housing plan faces big hurdles in East New York

    Questions raised about whether neighborhood will attract developers
    July 28, 2014 09:00AM
    From left: Bill de Blasio and Franklin Avenue in East New York

    From left: Bill de Blasio and Franklin Avenue in East New York

    Mayor Bill de Blasio’s plan to transform East New York — and thus establish a “template” for his administration’s affordable housing plan — could face some challenges. [more]

  • New York City failing as landlord: report

    More than a third of residents say poor heating and leaks are continual problems
    July 28, 2014 08:30AM
    Governor Alfred E. Smith Houses

    Governor Alfred E. Smith Houses

    Could New York City appear on its own worst landlords list? A new report expected to be released on Monday suggests that the city is falling short in its management of the city’s public housing system, which serves more than 400,000 families. [more]

  • Housing lull a drag on US economy’s recovery

    Sales of new single-family homes tumbled in first six months of the year
    July 28, 2014 08:00AM
    The success of top-dollar condo sales along coordiors like New York's "Billionaire's Row" in Manhattan is doing little to boost the country's housing market overall

    Sales along pricey corridors like New York’s “Billionaire’s Row” are doing little to boost the housing market overall

    Despite an increasing number of sales on the top end of the luxury housing spectrum and a rumored $2 billion bid on a real estate website, housing has actually become a major impediment for the ongoing recovery of the U.S. economy. [more]

  • Current reader favorites:
    1. Urban Compass stole trade secrets: lawsuit
    2. Luxury housing sparks retail along Brooklyn’s 4th Avenue
    3. Corcoran sues over record $147M sale of Hamptons mansion
    4. REBNY’s influence over Cuomo laid bare
    5. Naftali to raze five-story UWS garage for condo project

  • Street vendors battle for prime real estate

    Recent construction at the Met has led to an all out food fight
    July 27, 2014 05:00PM
    A food vendor outside the Met

    A food vendor outside the Met

    WEEKENDEDITION Street food vendors are gearing up for a massive fight over prime real estate outside the Metropolitan Museum of Art. [more]

  • Airbnb mayhem in Montauk

    Rich kid renters accused of debauchery
    July 27, 2014 04:00PM
    Ditch Plains Beach in Montauk

    Ditch Plains Beach in Montauk

    WEEKENDEDITION Yet another Airbnb horror story is playing out in Montauk, where renters  terrorized neighbors with massive parties and outdoor sex.

    When John Templeman, a lawyer, rented out his four-bedroom home on South Federal Street on Airbnb for $1,600 a night while he was out of the country he had no idea what was in store. [more]

  • Will 8 new reality TV shows bring back home flippers?

    Strong ratings spurred HGTV to add new programs
    July 27, 2014 03:00PM
    Cast members Tarek and Christina and Tarek El Moussa and HGTV's "Flip or Flop"

    Cast members Tarek and Christina and Tarek El Moussa of HGTV’s “Flip or Flop”

    WEEKENDEDITION Home flippers mostly went extinct nationwide after the housing crisis. But despite a harsh lending market, they may be on their way back, via television. [more]

  • New Russ & Daughters Café epitomizes LES’s increasingly upscale dining scene

    Restaurant epitomizes LES’s increasingly upscale dining scene
    July 27, 2014 02:00PM
    From left: Josh Russ Tupper, Niki Russ Federman and 179 East Houston Street

    From left: Josh Russ Tupper, Niki Russ Federman and 179 East Houston Street

    From Luxury Listings NYC: The lox tastes the same. The bagels are just as fluffy. The latkes are as crispy as you remember them. The sandwiches are no longer wrapped in paper; instead, diners are served on individual wooden boards. And rather than devouring your bagel on Houston Street, you’re now seated in a booth. And, of course, prices have gone up. [more]

  • The wildest residential conversions from around the globe

    From Nazi bunkers to cement factories, check out the photos after the jump
    July 27, 2014 01:00PM
    Residential conversions

    Residential conversions

    WEEKENDEDITION In residential inventory starved New York City almost anything from a church to a shipping container can become a home. But some residential conversions are more spectacular than others. Here is a look at some of the best from around the world via Buzzbuzzhome. [more]

  • A look at Prospect Park South’s “Japanese House”

    The unusual home is one of the finest examples of a short-lived architectural trend
    July 27, 2014 12:00PM
    A Japanese style home south of Prospect Park

    A Japanese style home south of Prospect Park

    WEEKENDEDITION One of the most captivating and unusual turn-of-the-century homes in all of Brooklyn sits on a suburban style lot just south of Prospect Park. Popularly known as the “Japanese house,” legend has it that it was built for the Japanese Ambassador, and that it was shipped over piece by piece from Japan. [more]

  • Major Manhattan landlord busted on drug charges

    The accused, Mark Perlbinder, has tapped two celebrity lawyers to defend him
    July 27, 2014 11:00AM

    Landlord Mark Perlbinder was arrested on drug possession charges

    WEEKENDEDITION A major Manhattan landlord has hired two celebrity lawyers to defend himself against drug charges.

    Earlier this month, Mark Perlbinder, 71, was arrested in Bridgehampton after picking up a package that had been sent from the city on a Hamptons Jitney bus. Inside the package police allegedly found Xanax, oxycodone pills and cocaine, according to the New York Post. [more]

  • Inside the Greenwich Hotel’s sparkling yet simple suite

    Inspired by Japanese style, the minimalist room rents for $15,000 a night
    July 27, 2014 09:00AM
    The drawing room at the Greenwich Hotel

    The drawing room at the Greenwich Hotel

    From Luxury Listings NYC: Quiet and solitude are rare gems in the city — as such, they’re the ultimate luxuries. Can you really put a price on such peace? Well, the newly opened penthouse at Tribeca’s Greenwich Hotel does: $15,000. That’s how much it costs to sleep a single night atop custom-made sheets in this posh perch on the corner of Greenwich and North Moore streets. [more]

  • New triangular building rising in Crown Heights

    The small, oddly shaped building is already on the market for $2.5 million
    July 26, 2014 05:00PM
    995 Washington Avenue

    995 Washington Avenue

    WEEKENDEDITION It’s been five years in the making, but a triangular lot in Crown Heights is now poised to become a four-story residential building. [more]