The Real Deal New York

  • Paparazzi-proof driveways are the hottest must-have amenity

    Jardim developer says it was his “secret marketing angle”
    October 24, 2016 06:00PM

    The driveway at the Jardim in Chelsea

    What do you give the luxury condo building that has everything? A driveway, evidently. Or as the residents call it, a porte-cochère. [more]

  • Fight over ownership of $7M Village townhouse heads to court

    The four-story, three-unit building on Horatio Street is under contract
    October 24, 2016 05:15PM
    69 Horatio Street in the West Village

    69 Horatio Street in the West Village

    The Surrogate’s Court in Manhattan will now decide the owner of a West Village apartment building, following a bitter dispute between the late owner’s family and his partner of more than 50 years. [more]

  • Aon weighs move to new office Downtown

    Insurance giant is searching the submarket for more than 200K sf
    October 24, 2016 04:46PM By Rich Bockmann
    Gregory Case and199 Water Street

    Gregory Case and199 Water Street

    Insurance giant Aon Corp. is considering relocating its current offices from Jack Resnick & Sons’ 199 Water Street, and is keeping the search within the Downtown submarket, sources told The Real Deal.

    The U.K.-based firm has a lease expiring in 2018 at the 35-story building, where it occupies around 400,000 square feet. [more]

  • Here’s what the $10M-$20M NYC investment sales market looked like last week

    Caspi buys a Tribeca commercial property; TF Cornerstone nabs Gap, FedEx buildings in Astoria
    October 24, 2016 04:19PM By Kyna Doles
    79 Walker Street in Tribeca, Joshua Caspi and rendering of Compass Residences in the Bronx

    From left: 79 Walker Street in Tribeca, Joshua Caspi and rendering of Compass Residences in the Bronx

    Last week in the world of mid-market New York City investment sales, Signature Urban Properties sold a Bronx development site for $10.1 million and Caspi Development acquired a Tribeca commercial building for $19 million. Click here for the story and more.

  • Inside TheRealDeal
  • From the October issue’s “In their words” feature, a roundup of the funniest and most insightful comments on real estate:

    funny quotw

    To read the other wisdom nuggets, click here.

  • NYC’s resi market had a record quarter: REBNY

    Closed single-family home sales totaled $13.6B in Q3, defying reports of a slowdown
    October 24, 2016 03:15PM By Konrad Putzier
    New York City Skyline

    New York City Skyline

    New York City’s residential market had the biggest quarter since at least 2006, according to a new Real Estate Board of New York report, with $13.6 billion worth of condominiums, co-ops and one-to-three family homes trading hands between July and September. [more]

  • Paydirt: Putnam in play, Airbnb’s NYC woes, Cushman’s big-boy club

    The industry news you need to start your week, and what’s ahead
    October 24, 2016 02:46PM By Hiten Samtani
    Gov. Andrew Cuomo and Mayor Bill de Blasio have both made Airbnb a target (Illustration by Lexi Pilgrim for The Real Deal)

    Gov. Andrew Cuomo and Mayor Bill de Blasio have both made Airbnb a target (Illustration by Lexi Pilgrim for The Real Deal)

    Not since Stuy Town has such a massive apartment package been in play. [more]

  • China’s HNA to buy 25% Hilton stake from Blackstone

    The $6.5B deal will reduce Blackstone’s holding in the company to 21%
    October 24, 2016 02:17PM
    The Hilton Midtown at 1335 Sixith Avenue

    The Hilton Midtown at 1335 Sixith Avenue

    Chinese shipping and aviation giant HNA Group will buy a roughly 25 percent stake in Hilton Worldwide Holdings from Blackstone Group, the company announced Monday. [more]

  • NBA extends lease at Midtown HQ through 2035

    Organization has been at Olympic Tower since mid-1970s
    October 24, 2016 01:45PM
    645 Park Avenue and Adam SIlver

    645 Park Avenue and Adam Silver

    After roughly four decades at its Midtown headquarters, the National Basketball Association has signed on for at least another 19 years.

    The organization inked a lease extension at 645 Fifth Avenue for 175,000 square feet of office space in the Midtown tower, the building’s owners Oxford Properties Group and Crown Acquisitions announced Monday. [more]

  • A Soho PH owned by the Winklevii is now on the rental market for $100K-a-month

    The twins tried to sell the apartment at 20 Greene Street earlier this year for $18M
    October 24, 2016 01:15PM

    The Winklevoss twins (credit: Getty Images)

    From Luxury Listings NYC: This is one way to make back all that lost Facebook money. According to Curbed, the Winklevoss twins — forever immortalized in David Fincher’s “The Social Network” as the “Winklevii” — listed a penthouse at 20 Greene Street on the rental market for $100,000-a-month. [more]

  • Council bill seeks to bring transparency to Public Design Commission

    Agency would be required to issue annual reports
    October 24, 2016 12:48PM
    Jimmy Van Bramer and Justin Garrett Moore

    Jimmy Van Bramer and Justin Garrett Moore

    A new City Council bill is seeking to crack open the enigma that is the city’s Public Design Commission.

    The proposed legislation would require the agency to issue an annual report detailing the projects it reviews, Politico reported. The agency is often criticized for its lack of transparency and for holding up projects. [more]

  • Don’t miss out on The Real Deal’s Shanghai showcase

    Leading US firms to join China's top brokers and most active investors
    October 24, 2016 12:00PM


    The top brokerages across the U.S. will all be joining The Real Deal in Shanghai this November for our second Real Estate Showcase & Forum in China. Representatives from Douglas Elliman, Sotheby’s International, Town Residential, Brown Harris Stevens and many others will join China’s top brokers and most active investors at the event.

    The event will take place at the five-star Jing An Shangri-La Hotel from Nov. 17 to 19. Our 2016 show will bring prominent industry professionals and investors from the United States to Shanghai, including former New York Governor George Pataki. Douglas Elliman chief Howard Lorber, HFZ’s Ziel Feldman and Witkoff’s Steve Witkoff have recently joined our growing list of distinguished speakers, who will share market insight on key panels throughout the event. [more]

  • The week in luxury: A map of NYC’s priciest apartment sales

    An interactive look at where the biggest deals were struck, plus total overall sales and average prices for the week (click on numbers to see data)
    October 24, 2016 11:30AM

    Screen Shot 2016-10-24 at 10.22.33 AM

    Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales. Click here to see this week’s version.

  • Artist Barry X Ball ditching W’burg for $18M Greenpoint space

    The complex at 193 Banker St. includes a renovated 11K sf warehouse
    October 24, 2016 11:01AM
    Rendering of 193 Banker Street in Greenpoint (credit: Andrew Berman Architect)

    Rendering of 193 Banker Street in Greenpoint (credit: Andrew Berman Architect)

    Sculptor Barry X Ball is carving out a space for himself in Greenpoint. [more]

  • Vice Media leases 73K sf in Dumbo

    Hipster news company and its subsidiary moving into Two Trees' 55 Washington St.
    October 24, 2016 10:37AM
    55 Washington Street in Dumbo and Shane Smith

    55 Washington Street in Dumbo and Shane Smith

    This week on Vice: The millennial-focused bad-boy media company and its subsidiary take a combined 74,000 square feet of space in Two Trees Management’s 55 Washington Street.

    The Shane Smith-led news outlet Vice Media picked up 30,000 square feet in the 448,300-square-foot building and its full-service digital ad agency Carrot Creative signed up for 43,700 square feet, according to the New York Post. [more]

  • How ’bout a little hug for the Bushy’s house?

    Disgraced ex-"Today" show host's Chelsea townhouse has been on the market since April
    October 24, 2016 10:05AM By James Kleimann and Kyna Doles

    224 West 22nd Street and Billy Bush (Credit: ODA New York and Getty Images)

    UPDATED, Oct. 24, 1:35 p.m.: On Sunday night, the New York Post reported that fired “Today” show anchor Billy Bush had just listed his recently-purchased fixer-upper Chelsea townhouse.

    The tabloid didn’t identify the townhouse, but sources tell The Real Deal that the home is at 224 West 22nd Street, and has in fact been on the market for 25 weeks. [more]

  • Trinity unveils plans for 26-story commercial building

    Church scrapped plans for condo in favor of $300M office project
    October 24, 2016 09:30AM
    68-74 Trinity Place

    68-74 Trinity Place (credit: Pelli Clarke Pelli Architects)

    Trinity Church revealed plans for a 26-story office building on the site of its scrapped condo project. [more]

  • Being a young commercial real estate broker is brutal

    Industry’s top dogs chat about their work-life balance (or lack thereof)
    October 24, 2016 09:00AM By Konrad Putzier
    From left: Mitchell Steir, Darcy Stacom and Stephen Siegel

    From left: Mitchell Steir, Darcy Stacom and Stephen Siegel

    If you want to make it to the top of the commercial brokerage heap, forget about work-life balance, at least in the beginning. Take it from Savills Studley’s CEO Mitchell Steir.

    “Early on in my career, over the first 10, 12 years, I never took a personal call,” he said Friday at SIOR’s annual conference in New York. “I think time management is critical, I mean all we’ve got is our time.” [more]

  • Diller apologizes for Durst comment

    Media mogul has accused real estate bigwig of secretly trying to block Hudson River park project
    October 24, 2016 08:43AM By Rich Bockmann
    Barry Diller and Douglas Durst

    Barry Diller and Douglas Durst

    Media mogul Barry Diller apologized for the unrestrained comments he made last week toward Douglas Durst. [more]

  • Book review: William Zeckendorf Jr.’s posthumous autobiography

    “Developing: My Life,” published last month, opens with a half-apology
    October 24, 2016 08:00AM By James Gardner
    William Zeckendorf Jr

    William Zeckendorf Jr.

    From the October issue: Even after William Zeckendorf Jr. had been firmly established as a major developer in his own right, building neighborhood-altering mega projects from the Upper West Side to Union Square, he maintained a profile so low that it sometimes seemed an intentional rebuke to that of his larger-than-life father, William Zeckendorf Sr.

    It seems only fitting, then, that Jr.’s autobiography, “Developing: My Life,” published by Andrea Monfried Editions last month, would appear quietly and posthumously, with a half-apology at the start. “For years I put off writing about my life in development. I’m pretty private, and I’d rather do something than talk about it,” Zeckendorf Jr., who died in 2014 at age 84, demurs. But family, including his sons, Arthur and William, who developed 15 Central Park West and a number of other ultra-luxurious towers, finally prevailed upon their father to turn out this 300-page volume, which was written in collaboration with Joan Duncan Oliver. [more]