The Real Deal New York

  • Tishman Speyer taps Bjarke Ingels for $3B Hudson Yards office tower

    Developer gets $1B in equity for 1,005-foot property
    February 08, 2016 01:45PM
    stairs-tower-ingels-speyer2

    Renderings of the Spiral at 66 Hudson Boulevard (credit: Tishman Speyer) (inset: Bjarke Ingels and Rob Speyer)

    Tishman Speyer hired starchitect Bjarke Ingels to design its new 1,005-foot, $3 billion-plus office tower in Hudson Yards. [more]

  • Ruben Companies secures $245M loan for 1700 Broadway

    Firm recently paid $280M to take fee position, own office tower in full
    February 08, 2016 01:22PM
    Richard Ruben 1700 Broadway

    Richard Ruben and 1700 Broadway in Midtown

    Ruben Companies received $245 million in financing from Prudential Mortgage Capital Company for its 42-story, 650,000-square-foot office tower at 1700 Broadway, according to city records.

    New York-based Ruben recently bought the land beneath the Midtown building between West 53rd and West 54th streets, which it had developed in 1968, from the Shubert Foundation for $280 million in an off-market transaction. [more]

  • Queens developer files for 79-story LIC resi tower

    Chris Xu bought the site near One Court Square for $143M in July
    February 08, 2016 12:45PM By Ariel Stulberg

    A rendering of the planned Court Square City View Tower at 23-15 44th Drive in Long Island City (inset: Chris Xu)

    Flushing-based developer Chris Jiashu Xu filed plans for a massive 79-story residential tower in Long Island City. [more]

  • Is Sarah Jessica Parker buying not one – but two – new Village homes?

    “Sex and the City” actress said to be buying on West 11th Street
    February 08, 2016 12:25PM By Katherine Clarke
    Sarah Jessica Parker and 273-275 West 11th Street

    Sarah Jessica Parker and 273-275 West 11th Street

    It seems Carrie Bradshaw just can’t leave the Village behind.

    Less than a year after selling her West 10th Street townhouse, Sarah Jessica Parker, who played Bradshaw in “Sex and the City,” is said to be buying two other pads on West 11th Street. [more]

  • Inside TheRealDeal
  • Adam America files plans for 11-story LIC condo building

    Developer's first Queens project will hold 175 condo units, 5K sf of retail
    February 08, 2016 12:15PM By Rey Mashayekhi
    Adam America

    From left: Omri Sachs and Dvir Cohen Hoshen

    Adam America filed plans this weekend to build an 11-story residential tower in Long Island City – a 175-unit condo building that’s expected to feature nearly 5,000 square feet of ground-floor retail.

    The Midtown East-based firm’s plans for a nearly 170,000-square-foot building at 22-12 Jackson Avenue, filed with the city’s Department of Buildings on Saturday, include a pool on the first floor, a gym and children’s playroom on the second floor and a rooftop “recreation area” atop the building. There will also be storage space for 91 bicycles on the first and second floors. [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)
    February 08, 2016 11:30AM

    Cityrealty Feb 8

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

  • Head of AG’s real estate finance bureau to join Stroock

    “The only thing better than preserving affordable housing… is building it”: Erica Buckley
    February 08, 2016 11:05AM
    Erica Buckley

    Erica Buckley to join Stroock & Stroock

    After eight years of public service, the head of the New York State Attorney General’s Real Estate Finance Bureau is making a move to the private sector.

    Erica Buckley will join the real estate and government relations practices at Stroock & Stroock & Lavan’s New York office.

    The 42-year-old has been with the attorney general’s office for eight years and in 2013 was made chief of the 45-person Real Estate Finance Bureau, which enforces a state law regulating the offer and sale of both co-ops and condominiums. The bureau also focused on affordable housing and monitored landlords and developers receiving 421-a abatements. [more]

  • 21 contracts signed at $4M and up: Olshan

    No. 1 contract was West Village house asking $18.5M
    February 08, 2016 10:31AM
    Clockwise from top left: 230 Central Park South, 17 Harrison Street, 88 Franklin Street and 447 Hudson Street

    Clockwise from top left: 230 Central Park South, 17 Harrison Street, 88 Franklin Street and 447 Hudson Street

    Manhattan buyers scooped up 21 pads asking $4 million and more last week, a slight bump from the 18 contracts signed a week earlier, according to Olshan Realty’s weekly luxury market report. [more]

  • Luxury rental unit boom, but whither the renter?

    8,000 units to become available, but vacancy rates are up and market is softening
    February 08, 2016 10:05AM
    625 West 57th Street in Midtown West (credit: Durst Organization)

    625 West 57th Street in Midtown West (credit: Durst Organization)

    They say timing is everything: 8,000 high-end Manhattan and Brooklyn rental units are about to hit a market that is showing signs of softening, but developers don’t seem worried. [more]

  • Will Elliman’s spending spree pay off?

    The mega firm is pouring "tens of millions" into an unprecedented marketing and national expansion effort
    February 08, 2016 09:31AM By Katherine Clarke
    Celebrities in Elliman seats at a Knicks game

    Celebrities in Elliman seats at a Knicks game

    From the February issue: Taylor Swift, Ben Stiller, supermodel Kate Upton and, of course, Spike Lee have all had courtside seats for the New York Knicks this season to bear witness to the 7-foot-tall Latvian rookie sensation Kristaps Porzingis sinking shots.

    And on many game nights, Howard Lorber, the 67-year-old chairman of the mega brokerage Douglas Elliman, can be found next to that “Celebrity Row” stretch, sitting directly below the hoop.

    That’s because last year, Elliman entered into a multi-year sponsorship deal with Madison Square Garden for the right to slap its grey-and-blue logo on an entire row of courtside seats at the arena. [more]

  • Nikki Field out, Corcoran in at Kushner’s Puck Building

    Sotheby’s broker recently sold a $28M unit there, the second closed sale since Fall 2014
    February 08, 2016 09:02AM
    NikkiFieldPuck

    Puck Penthouses and Nikki Field (inset)

    Nikki Field of Sotheby’s International Realty is set to step aside as the lead broker at Kushner Companies’ Puck Building, shortly after selling the building’s Penthouse II for $28 million. [more]

  • Rich Marin named in suit over New York Wheel cost overruns

    Project CEO named as defendant in ongoing litigation between majority and minority shareholders
    February 08, 2016 08:32AM By Katherine Clarke
    A rendering of the New York Wheel (inset: Rich Marin)

    A rendering of the New York Wheel (inset: Rich Marin)

    New York Wheel CEO Rich Marin, the former Bear Stearns executive tasked with heading up plans for the $500 million Staten Island observation wheel, has finally gotten tangled up in litigation among the project’s investment partners. [more]

  • Jamestown to buy 49% stake in 63 Madison, 200 Madison

    Deal with George Comfort and Loeb Partners values pair of buildings at $1.15B
    February 08, 2016 08:03AM
    63 Madison Avenue and 200 Madison Avenue (inset: Jamestown's Matt Bronfman)

    200 Madison Avenue and 63 Madison Avenue in Midtown South (inset: Jamestown’s Matt Bronfman)

    Jamestown LP is in talks with George Comfort & Sons and Loeb Partners Realty to buy a 49 percent stake in two major Midtown South office properties that would value the pair at $1.15 billion. [more]

  • Most popular stories on The Real Deal

    February 08, 2016 07:30AM

    Current reader favorites:
    1. The (kosher) power lunch
    2. Plans for mile-high skyscraper unveiled in Japan
    3. Miley Cyrus picks up third home in L.A.
    4. De Blasio announces new crane safety regulations in wake of fatal collapse
    5. Design team creates attractive $20K homes that could change the housing market

  • It’s a wrap: this week’s celebrity home swaps

    February 07, 2016 05:00PM TRD WEEKEND EDITION
    Clockwise from left:  Henrik Lundqvist, Anne Hathaway, Paul Giamatti and Al Hirschfeld

    Clockwise from left: Henrik Lundqvist, Anne Hathaway, Paul Giamatti and Al Hirschfeld

    From Luxury Listings NYC: A round up of all the deals and steals that have happened this week involving celebs and their homes. [more]

  • Matching pair of UES townhouses could become single mansion

    And the side-by-side houses are only asking $22M
    February 07, 2016 04:00PM TRD WEEKEND EDITION
    159-161 East 82nd Street

    159-161 East 82nd Street

    The single-family mega-mansion is back in vogue. And if you can’t afford the Safra family’s $120 million three-townhouse combination, there is another mansion combination for a much more reasonable $22 million. [more]

  • De Blasio announces new crane safety regulations in wake of fatal collapse

    Crawler crane activity will be limited in run-up to high winds
    February 07, 2016 03:16PM By Katherine Clarke
    Mayor Bill de Blasio and the fallen crane

    Mayor Bill de Blasio and the fallen crane

    Mayor Bill de Blasio announced a series of new regulations governing the use of cranes in the city, following Friday’s crane collapse in Tribeca that killed one pedestrian and injured three other people.

    Effective Monday, all crawler cranes will be required to halt operations and go into safety mode whenever winds are even forecast to exceed 20 miles per hour or with gusts exceeding 30 miles per hour — even if that requires securing a crane the day before the winds are forecast to begin. [more]

  • NYC construction mogul John Tishman dies at 90

    Tishman joined the family company back in 1948
    February 07, 2016 03:00PM TRD WEEKEND EDITION
    John L. Tishman

    John L. Tishman

    John L. Tishman, the longtime head of Tishman Realty and Construction Company, died on Saturday at his home in Bedford, N.Y., at age 90. [more]

  • A look inside the Calabasas estates of Khloé and Kourtney Kardashian

    The sisters each have a more than 10,000 sf home in the celebrity enclave
    February 07, 2016 01:00PM TRD WEEKEND EDITION
    Kourtney Kardashian’s home office in Calabasas (credit: Architectural Digest)

    Kourtney Kardashian’s home office in Calabasas (credit: Architectural Digest)

    From the L.A. website: In case we didn’t have enough of a sense of their inner lives, Khloé and Kourtney Kardashian opened up their homes to Architectural Digest. The sisters live around the corner from each other in Calabasas, which as the magazine puts it, is an “enclave where the real-estate game is something of a celebrity swap meet.” [more]

  • Design team creates attractive $20K homes that could change the housing market

    The goal is to make home ownership available to those below the poverty line
    February 07, 2016 12:00PM TRD WEEKEND EDITION
     Rural Studio's 20K House

    Rural Studio’s $20,000 House

    Every year for the last decade, Rural Studio, an Auburn University design-build program, has worked on designing a home that someone living below the poverty line could afford, while also providing a living wage for the local construction team. And they’ve finally developed something special: attractive one-bedroom houses that cost just $14,000 in materials. [more]

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