The Real Deal New York

  • Billionaire David Koch breaks ground on medical center

    Koch donated $100M to build the facility on the UES
    September 20, 2014 04:00PM

    David Koch at the ground breaking of the David H. Koch Center [via the New York Post]

    David Koch at the ground breaking of the David H. Koch Center [via the New York Post]

    Billionaire David Koch and wife Julia have broken ground on a new outpatient center at New York–Presbyterian. [more]

  • f0001wz-1Eight percent fewer homes will transact than normal in 2014, purely due to student debt. [more]

  • Brokers struggle to distinguish billionaires from scammers

    With an increasingly diverse pool of buyers, it can be hard to tell who can really afford to play ball
    September 20, 2014 02:00PM
    Brandon Trenthem of Town Residential and Jason HAber of Warburg

    Brandon Trenthem of Town Residential and Jason HAber of Warburg

    New York City brokers can’t afford to judge a book by its cover. But with buyers coming in from all parts of world, brokers are struggling to distinguish billionaire tech moguls from average Joes.

    “These days, if it seems too good to be true, usually it is,” Jason Haber of Warburg Realty told the New York Daily News. “You’re not John Spano [the con man who closed a deal to purchase the New York Islanders in the 1990s]. You can’t buy something if you have no money.” [more]

  • The five worst property markets in the world

    See which major cities are fairing the worst after the jump
    September 20, 2014 01:00PM By Business Insider
    Kiev has the worst property market of any major city

    Kiev has the worst property market of any major city

    Overall, property prices around the world continue to rise. However, some countries aren’t doing so well. Even the once-hot Chinese housing market has been seeing prices tumble for months. [more]

  • Inside TheRealDeal
  • A new cooperative showcases NYC’s up-and-coming designers

    Colony opened in Soho over the summer
    September 20, 2014 12:00PM
    056 NABES-ANCHOR-TRIBECA-se FINAL.indd

    Founder Jean Lin (center) and the original designers at Colony

    From Luxury Listings NYC: In each step taken around the space at Colony — a local designer showroom/gallery/cooperative located at 324 Canal Street — handcrafted, artisanal objects of design are to be found. Colony, which opened over the summer, is a unique space for designers to show and sell their works. [more]

  • Original Jaffe home asks $4.1M on Shelter Island

    The home features “signature Jaffe touches”
    September 20, 2014 11:00AM
    A Norman Jeffe-designed home on Shelter Island

    A Norman Jaffe-designed home on Shelter Island

    Architect Norman Jaffe made his name creating rustic Modernist houses on Long Island. Now a Jaffe-designed house on Shelter Island has hit the market asking just $4.1 million.  [more]

  • Trump considering another Atlantic City gamble

    The Donald says he is taking "a serious look" at returning to the struggling city
    September 20, 2014 10:00AM
    Donald Trump and the Trump Taj Mahal

    Donald Trump and the Trump Taj Mahal

    The Trump Plaza and the Trump Taj Mahal may be closed, but the Donald isn’t through gambling. Donald Trump says he’s going to take a serious look at returning to struggling Atlantic CIty. [more]

  • Inside a Los Angeles mansion that just hit the market for $85M

    Check out the photos after the jump
    September 20, 2014 09:00AM By Business Insider
    fwelcome-to-1181-north-hillcrest-the-home-was-listed-this-month-for-85-million

    1181 North Hillcrest

    A 23,000-square-foot mansion in Beverly Hills with views of Malibu Beach and downtown Los Angeles has been listed for a staggering $85 million. [more]

  • Top residential agents of the week

    Stribling & Associates' Pamela D'Arc tops the list with a $14.8M Lenox Hill townhouse
    September 19, 2014 06:20PM
    From left: Pamela D'Arc and 177 East 71st Street

    From left: Pamela D’Arc and 177 East 71st Street

    Pamela D’Arc of Stribling & Associates topped the week’s residential sales with a $14.8 million townhouse at 177 East 71st Street. Click here to see this listing and more.

  • Menswear retailer sues Plaza Hotel owners over alleged eviction attempt

    Angelo Galasso says it was served with default notice claiming it owed $545K in back rent
    September 19, 2014 06:10PM By David Jones
    Angelo Galasso and the Plaza Hotel's Edwardian room

    Angelo Galasso and the Plaza Hotel’s Edwardian room

    The owners of the Plaza Hotel are scheduled to face off in Manhattan Supreme Court Sept. 29, after a judge granted a restraining order to menswear retailer Angelo Galasso over an eviction proceeding. [more]

  • TGIF: Stay tuned to TRD‘s Weekend Edition

    Keep in touch with NYC, national and international real estate news
    September 19, 2014 06:00PM

    Screen Shot 2014-08-29 at 3.42.07 PM

    It may be high time to kick back and relax, but The Real Deal is still churning our stories courtesy of our Weekend Edition. Every Saturday and Sunday, we cover real estate items from around the country and abroad, along with any breaking news happening in New York City. Like our Facebook page or follow us on Twitter to stay in touch with us on the go.

  • Silvercup Studios looks to jumpstart $1B expansion

    Queens community board to review movie studio's massive mixed-use project
    September 19, 2014 05:50PM
    silvercup-studios-west

    Rendering of Silvercup West in Long Island City

    Silvercup Studios filed special permit renewals to revive its long-delayed $1 billion expansion project. [more]

  • City Planning's revamped neighborhood map includes more neighborhoods than the 2010 edition.

    City Planning’s revamped neighborhood map includes more neighborhoods than the 2010 edition.

    City Planning unveils new neighborhood map. Manhattan’s income disparity is nation’s largest. Bushwick burglaries target construction sites. Read these stories and more after the jump.

  • Billionaire Ron Perelman’s firm pays $120M for Lenox Hill rental

    David Kuperberg-led FirstService Residential sold the building at 27 East 62nd Street
    September 19, 2014 05:11PM By Hiten Samtani
    Ronald Perelman and 27 East 62nd Street (Credit: PropertyShark)

    Ronald Perelman and 27 East 62nd Street (Credit: PropertyShark)

    Billionaire Ronald Perelman’s MacAndrews and Forbes Holdings just paid $120 million for a rental building in Lenox Hill, according to property records filed with the city today. [more]

  • Following the money on November’s elections

    A breakdown of the campaign cash flowing to candidates from real estate players
    September 19, 2014 04:55PM By Hiten Samtani
    Rob Astorino and Gov. Andrew Cuomo

    Rob Astorino and Governor Andrew Cuomo

    From the September issue: Gov. Andrew Cuomo has raked in $42.7 million from more than 5,000 donors this election cycle. That’s compared with the $2.6 million his GOP rival Rob Astorino, the Westchester County Executive, collected from roughly 2,200 donors. (They had $35 million and $2.4 million on hand, respectively, as of late July.) [more]

  • Top Manhattan apartment sales: September 8 – September 14

    An interactive map of the priciest recorded apartment deals, plus total overall sales and average prices for the week (click on numbers to see data)
    September 19, 2014 04:35PM

  • Kelly Ripa sells Soho penthouse

    Spread trades hands for $20M, a $4.5M discount off the listing price
    September 19, 2014 04:15PM By Zachary Kussin
    kelly ripa, mark consuelos and images of their 76 crosby street listing

    Kelly Ripa, Mark Consuelos and images of their 76 Crosby Street listing

    Talk show host Kelly Ripa and hubby, Mark Consuelos, sold their penthouse at 76 Crosby Street for $20 million, according to today’s property records. The 6,800-square-foot spread hit the market in January 2013 for $24.5 million, StreetEasy shows. [more]

  • Letitia James backed BAM hotel after developer donations

    Macro Sea and 21C Museum Hotels gave $3K in campaign contributions
    September 19, 2014 03:55PM
    From left: Macro Sea's David Belt and Public Advocate Letitia James

    From left: Macro Sea’s David Belt and Public Advocate Letitia James

    New York City Public Advocate Letitia James raked in thousands of dollars in campaign contributions last year from a pair of real estate developers looking to build a hotel on city land in Brooklyn, then recommended the project to city officials, according to a letter obtained by DNAinfo.

    James, who received a total of $3,000 from Brooklyn-based developers Macro Sea and 21C Museum Hotels, then wrote a glowing letter about their project to city officials weighing the proposal, according to records cited by DNAinfo. [more]

  • This week in renderings: Aperture 538, Gateway Elton Street

    Here are some images of future NYC sites that caught our eye
    September 19, 2014 03:25PM
    One Vanderbilt in Midtown Manhattan (Credit: Kohn Pedersen Fox via New York YIMBY)

    One Vanderbilt in Midtown Manhattan (Credit: Kohn Pedersen Fox via New York YIMBY)

    SL Green’s One Vanderbilt and Hudson Companies’ Gateway Elton Street, now entering its third phase, are among the latest projects to receive a new batch of renderings in the past week. Click here for a slideshow and more.

  • State gets approval to seize Atlantic Yard sites

    One landlord told to vacate tenants within 90 days
    September 19, 2014 03:05PM
    From left: Properties to be seized on map and Pacific Park Brooklyn rendering

    From left: Properties to be seized on map and Pacific Park Brooklyn rendering

    The Empire State Development Corporation received the go-ahead yesterday to seize several buildings through eminent domain to make way for a portion of Forest City Ratner’s Atlantic Yards project, recently renamed Pacific Park Brooklyn. [more]

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