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The Real Deal New York

  • Ziff family lists Florida compound for $200M

    The property features a fully furnished tunnel
    April 18, 2015 05:00PM TRD WEEKEND EDITION
    "Gemini" in Florida and William Ziff, Jr.

    “Gemini” in Florida and William Ziff, Jr.

    The Ziff family – founders of a media empire – has listed their massive Florida compound, “Gemini,” for $200 million. [more]

  • Turn Downtown Brooklyn into a college town: Opinion

    Institutions currently own millions of square feet of unbuilt development rights in the area
    April 18, 2015 04:00PM TRD WEEKEND EDITION
    Tucker Reed and Downtown Brooklyn

    Tucker Reed and Downtown Brooklyn

    Downtown Brooklyn doesn’t exactly evoke images of grassy quads, but its booming real estate market makes it ripe for a transformation into a college town, according to Tucker Reed, president of the Downtown Brooklyn Partnership. [more]

  • Robert A.M. Stern to design Britain’s priciest apartments

    The $3 billion project would rise just nine stories
    April 18, 2015 03:00PM TRD WEEKEND EDITION
    John Caudwell, Audley Square House in London and Robert A.M. Stern

    John Caudwell, Audley Square House in London and Robert A.M. Stern

    British entrepreneur John Caudwell has tapped Robert A.M. Stern to design what will be the U.K.’s most expensive apartments. [more]

  • Le Cirque is now serving up bargains

    The ritzy eatery is hoping to attract a more tech-savvy, younger demographic
    April 18, 2015 02:00PM TRD WEEKEND EDITION
    Le Cirque and restaurant founder Sirio Maccioni

    Le Cirque and restaurant founder Sirio Maccioni

    From Luxury Listings NYC: Le Cirque, one of the city’s most iconic restaurants, is now offering discounted dinners through sites like Amazon.com, Gilt City and Groupon. [more]

  • Inside TheRealDeal
  • From the archives: Skype hype

    Back in 2010, the video chatting platform was changing how brokers closed deals
    April 18, 2015 01:00PM By Amy Tennery
    TRD WEEKEND EDITION

    skypelogoFacebook, Twitter and iPhone apps, move over. Skype is now infiltrating the city’s brokerage world, transforming the way agents reach clients — and vice versa.

    “It’s hysterical because you’re at home in your pajamas and it’s like, ‘ping!’” said Daniela Sassoun, a vice president of the Corcoran Group, of Skype’s trademark alert that lets you know when someone wants to start a video chat. “That’s the thing about teleconferencing: You have to be dressed up from the waist, at least.” Read the full story from the May 2010 issue here.

  • 4 steps to becoming a real estate billionaire

    A look at newly minted real estate billionaires for lessons
    April 18, 2015 12:00PM TRD WEEKEND EDITION
    Billionaire Jay Paul, Dumbo and Two Trees Management's David Walentas

    Billionaire Jay Paul, Dumbo and Two Trees Management’s David Walentas

    The Forbes Billionaires List added two U.S.-based real estate billionaires in 2015. So how’d they do it? Forbes offers four lessons for making it big in real estate. [more]

  • Marquis de Lafayette’s French estate lists for $2M: VIDEO

    The chateau is 32,000 square feet
    April 18, 2015 11:00AM TRD WEEKEND EDITION
    Marquis de Lafayette and his chateau

    Marquis de Lafayette and his chateau

    A French estate that once belonged to Revolutionary War hero Marquis de Lafayette has hit the market. [more]

  • A rent freeze is looking likely

    Landlord operating costs increased just 0.5 percent last year
    April 18, 2015 10:00AM
    Mayor Bill de Blasio at Jacob Riis Houses and rent-stabilized tenants

    Mayor Bill de Blasio at Jacob Riis Houses and rent-stabilized tenants

    Landlord operating costs covering a million rent-stabilized apartments went up by a mere 0.5 percent last year, according to a new report from the Rent Guidelines Board. That’s the lowest increase since 2002, and it means that a rent freeze is far more likely to pass than in years past. [more]

  • This 19th-century sea fort was converted into a luxury hotel

    The redevelopment added a nightclub, a mall and even a laser tag arena
    April 18, 2015 09:22AM By Business Insider
    TRD WEEKEND EDITION
    fthey-can-also-arrive-by-speedboat

    No Man’s Land Fort off the coast of southern England

    Some people dream of getting married in a castle. For everyone else, there’s No Man’s Land Fort off the coast of southern England. It’s not a castle – but it’s definitely unique. [more]

  • Top residential agents of the week

    April 17, 2015 06:00PM
    David Kornmeier and 278 West 11th Street in the West Village

    David Kornmeier and 278 West 11th Street in the West Village

    David Kornmeier of Brown Harris Stevens topped this week’s residential sales with a $25 million townhouse at 278 West 11th Street in the West Village. Click here to see this listing and more.

  • The San Remo on the Upper West Side

    The San Remo at 145 Central Park West on the Upper West Side

    Shut it down: “30 Rock” director lists co-op. Demi Moore‘s San Remo penthouse asking $75 million sitting on the market. A look at the new developments hitting the market this spring. Read these stories and more after the jump.

  • Movies get starring role in lawsuits

    From “Casablanca” to “The Producers,” real estate lawsuits are cuing the drama
    April 17, 2015 05:00PM By Jennifer White Karp
    From left: Sang Dai and Hudson Rise

    From left: Sang Dai and Hudson Rise

    From the April issue: Lawsuits often come with their own theatrics, but a spate of recent New York real estate cases has invoked a different kind of drama: Show business. [more]

  • Corporate tenants spend a night at the museum

    Industry pros join CoreNet for "the tenants' REBNY" annual gala
    April 17, 2015 04:30PM By Rich Bockmann
    From left: The American Museum of Natural History's blue whale, Jill Zunshine, CoreNet board member Lee Kosmac and Kenny Rodriguez

    From left: The American Museum of Natural History’s blue whale, Jill Zunshine, CoreNet board member Lee Kosmac and Kenny Rodriguez (credit: Greg Morris Photography)

    More than 900 real estate pros on the corporate-tenant side of the business spent a night at the museum Thursday evening as they enjoyed dinner and a few childhood memories at the American Museum of Natural History. [more]

  • All workers at 1 Manhattan West to earn living wage

    Tenants at proposed Brookfield building will have to pay employees at least $13.30 an hour
    April 17, 2015 04:10PM
    From left: Ric Clark and Bill de Blasio

    From left: Ric Clark and Bill de Blasio

    All of the workers at Brookfield Property Partners’ proposed One Manhattan West, a 2.1 million-square-foot office tower at Hudson Yards, will be making at least $13.30 an hour.

    This deal marks the first agreement since Mayor Bill de Blasio signed an executive order last fall mandating a living wage for all workers involved in projects that receive subsidies from the city, the New York Times reported. The order mandates that Brookfield, which applied for tax breaks from the city to, finds tenants who will pay their employees a living wage. [more]

  • Asset management firm acquires four Lenox Hill office condos for $26M

    Units in mixed-use building last sold for $22M in 2013
    April 17, 2015 03:43PM By Rey Mashayekhi
    525 Park Avenue

    525 Park Avenue

    SRI LLC, a Midtown-based asset management firm, picked up four office condominium units in a mixed-use Lenox Hill building for $25.6 million, according to property records filed with the city Friday.

    The company closed on the four units, located in a 15-story building at 525 Park Avenue, last week. The roughly 100-year-old building, near East 61st Street, holds five offices totaling nearly 12,000 square feet, according to property records, and also houses 48 residential units. [more]

  • Madison Capital, partner to pay $400M for Scholastic’s retail

    Publisher to vacate more than 30K sf on bottom floors at Soho HQ
    April 17, 2015 03:06PM By Mark Maurer
    Madison Capital Scholastic

    From left: 549-555 and 557-559 Broadway in Soho, Helen Hwang and Richard Wagman (credit: Bisnow)

    Madison Capital won a bid to acquire a retail space spanning at least 32,000 square feet at the base of Scholastic’s corporate headquarters at 549-555 and 557-559 Broadway in Soho for $400 million, The Real Deal has learned. [more]

  • IPG inks huge expansion at Vornado’s 909 Third

    Ad giant signs up for further 112K sf; footprint in building now more than 330,000 sf
    April 17, 2015 02:40PM By Rich Bockmann
    From left: 1114 Sixth Avenue, 909 Third Avenue and Interpublic Group CEO Michael Roth

    From left: 1114 Sixth Avenue, 909 Third Avenue and Interpublic Group CEO Michael Roth

    The Interpublic Group, one of the “big four” global advertising shops, is expanding its Third Avenue footprint by more than 100,000 square feet, The Real Deal has learned. [more]

  • Here are 10 of NYC’s coolest new architecture projects

    837 Washington, Ingels' Dryline among projects recognized in Architizer A+ Awards: PHOTOS
    April 17, 2015 02:18PM By Kerry Barger
    Clockwise from top left: Hunter's Point South Park, One World Trade Center, 837 Washinton and The Dryline

    Clockwise from top left: Hunter’s Point South Park, One World Trade Center, 837 Washinton and The Dryline

    New York City can sometimes afford its residents little time to stand back and admire the places where we work, live and play. The folks over at Architizer, however, are paying close attention to some of the city’s hottest new projects.

    Click here to see which projects from the Big Apple where included as winners in Architizer’s third annual A+ Awards.

  • Mike Myers’ Soho duplex listed at $17M

    Comedian purchased 4,200 sf penthouse for $8M in 2007
    April 17, 2015 01:35PM
    72 Mercer Street

    Mike Myers and 72 Mercer Street

    Comedian Mike Myers’ groovy Soho duplex is on the market for just shy of $17 million, with the Austin Powers star seeking a healthy return on the apartment he bought for $8 million eight years ago. [more]

  • Little Italy Coney Island

    Sure, everyone knows Grand Central is in Midtown. But how well do you know New York’s other neighborhoods? Take our quiz to find out! Note: If you think Andrew Cuomo lives on Governor’s Island and that Jamaica is a four-hour flight away, this might be a tough one.

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