The Real Deal New York

  • Susan Lucci seeking nearly $20 million for Southampton estate

    Daytime actress's seven-bedroom home sits on 1.4 acres along the ocean
    July 28, 2014 04:25PM
    From left: Susan Lucci and Four Winds

    From left: Susan Lucci and Four Winds

    Soap star Susan Lucci is looking to sell her Southampton estate, dubbed Four Winds, for nearly $20 million. [more]

  • Hedge fund firm now has more than 100,000 sf at Edward Minskoff’s 101 Sixth Ave.

    Two Sigma Investments takes three more floors at Hudson Square property
    July 28, 2014 04:02PM By Hiten Samtani
    101 Sixth Avenue (Credit: CoStar Group) and Edward Minskoff

    101 Sixth Avenue (Credit: CoStar Group) and Edward Minskoff

    Hedge fund manager Two Sigma Investments is expanding at Edward Minskoff’s 101 Sixth Avenue in Hudson Square, The Real Deal has learned. Two Sigma is taking an additional 47,000 square feet at the property, after a 60,000-square-foot deal last year. [more]

  • LeFrak Organization buys 180 Broadway for $222M

    Landlord picked up interest in property from partnership between Jeff Sutton, SL Green
    July 28, 2014 03:55PM
    From left: 180 Broadway, Richard LeFrak and Marc Holliday

    From left: 180 Broadway, Richard LeFrak and Marc Holliday

    The LeFrak Organization has purchased a 24-story Pace University dormitory and retail property at 180 Broadway using proceeds from the sale of a 22-story office building in Newport, New Jersey. [more]

  • Metro Loft’s 443 Greenwich to house $53M penthouse

    53-unit development to include mix of two-, three- and four-bedroom units
    July 28, 2014 03:35PM
    From left: Exterior of 443 Greenwich Street and a rendering of a penthouse unit

    From left: Exterior of 443 Greenwich Street and rendering of a penthouse unit

    Metro Loft Management’s book bindery-turned-condos at 443 Greenwich Street in Tribeca will be crowned with a $53 million penthouse. [more]

  • Inside TheRealDeal
  • Thor picks up $48M mixed-use property on UWS

    58-unit rental the latest of the firm’s recent building buys
    July 28, 2014 03:15PM
    Thor's Joseph Sitt and 150 West 82nd Street

    Thor’s Joseph Sitt and 150 West 82nd Street

    Joseph Sitt’s Thor Equities is in contract to purchase a 10-story Upper West Side residential rental building for $42 million. [more]

  • New York AG files to dismiss property tax suit

    Plaintiffs say current laws place unequal burden on black and Latino renters
    July 28, 2014 02:55PM
    Eric Schneiderman

    Eric Schneiderman

    The New York state Attorney General’s office and New York City Tax Department are seeking to dismiss a class action lawsuit that alleges city and state property tax laws are discriminatory against African Americans and Latinos.

    Plaintiffs filed the suit in February in a bid to overturn the property tax laws, which they say benefit owners of co-ops, condos and single-family homes and places an unequal tax burden on renters. A disproportionate number of New York City renters are black and Latino. [more]

  • Harlem’s Taystee Bakery redevelopment gets new renderings

    Planned 300,000-square-foot office hub has no signed tenants
    July 28, 2014 02:35PM
    taystee

    426-458 West 126th Street

    Janus Property Company and Monadnock Construction unveiled a more detailed look at its $135 million redevelopment of the former Taystee Cake Bakery in Harlem. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    July 28, 2014 02:15PM

    1. And there you have it: Zillow acquires Trulia for $3.5B in stock
    2. A look at Prospect Park South’s “Japanese House”
    3. Politicians vow to outlaw “poor doors”

    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]

  • Movin’ out: Billy Joel’s Sagaponack home in contract

    Four-bedroom beach house most recently asking $19.95M
    July 28, 2014 01:50PM
    Billy Joel and 9 Gibson Lane in Sagaponack

    Billy Joel and 9 Gibson Lane in Sagaponack

    After five years on the market, “Piano Man” Billy Joel has finally sold his Hamptons home in Sagaponack. [more]

  • SL Green adds Princeton Review, others at 110 E. 42nd

    Roughly 48K sf in recent lease deals signed at 18-story building
    July 28, 2014 01:25PM
    sl-green

    Howard Tenenbaum and 110 East 42nd Street

    The Princeton Review and three other tenants grabbed a total of more than 48,000 square feet at SL Green’s 18-story office building at 110 East 42nd Street in a recent batch of lease deals.

    Massachusetts-based test-prep company the Princeton Review signed for nearly 21,000 square feet on the seventh floor. British environmental consulting firm SLR Acquisition expanded its eighth-floor space to 17,900 square feet from 11,300. Philadelphia-based law firm Morgan Lewis & Brockius LLP took a five-year renewal of 14,370 square feet on the ninth floor. And the Metro North Commuter Railroad Company signed a new lease for 1,840 square feet in the building near Grand Central Terminal. [more]

  • Ad platform Yodle sets up HQ at Vornado’s 330 West 34th

    Following IPO filing, startup to take 85,000 sf at building
    July 28, 2014 12:58PM By Hiten Samtani
    Yodle CEO Court Cunningham and 330 West 34th Street

    Yodle CEO Court Cunningham and 330 West 34th Street

    Yodle, a Manhattan-based advertising engine for small businesses, is establishing its new headquarters at Vornado Realty Trust’s 330 West 34th Street, The Real Deal has learned. Ahead of an initial public offering expected to raise about $75 million, Yodle is taking just under 85,000 square feet at the 18-story, 688,881-square-foot building. [more]

  • Equinox buys remaining Millennium gyms for $110M

    Second-biggest acquisition for Related-owned gym leaves it with 73 locations across the globe
    July 28, 2014 12:45PM
    From left: NY Sports/Reebok on the Upper West Side and the interior of an Equinox gym

    From left: Reebok Sports Club/NY on the Upper West Side and the interior of an Equinox gym

    Equinox Fitness is expanding its upscale workout emporium. [more]

  • 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, The 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
    rechler

    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. All properties would be one-story industrial structures. Rechler also owns a two-story industrial facility with some office space 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]

  • 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
    Brooklyn-Brewery

    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]

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