The Real Deal New York

  • How synced are the city and national housing markets?

    Despite our differences, NYC may be tied to U.S. real estate trends
    October 24, 2014 04:30PM By Janna Herron

    090 National vs NYC se FINAL.indd

    From the October issue: New Yorkers love to brag about the unique characteristics that separate the city from the rest of the country: Bagels, thin-crust pizza and fearless subway rats. [more]

  • From TRD‘s South Florida Forum: Miami’s design influence goes global

    Leading architects talk about the increasingly competitive market
    October 24, 2014 04:00PM By Francisco Alvarado
    From left: Steven Gurowitz, John Hitchcox, Karim Rashid and Chad Oppenheim

    From left: Steven Gurowitz, John Hitchcox, Karim Rashid and Chad Oppenheim

    From the South Florida website: Miami’s latest condo boom is substantially boosting the city’s profile in the design world, according to a panel of leading architects and interior designers who participated in The Real Deal’s Annual South Florida Real Estate Forum & Showcase yesterday. [more]

  • The week in renderings: The Crossing, Wythe Lane

    Here are some images of future NYC-area sites that caught our eye
    October 24, 2014 03:30PM
    93-01 Sutphin Boulevard in Queens (Credit: BRP Companies)

    93-01 Sutphin Boulevard in Queens (Credit: BRP Companies)

    KUB Capital’s Townhouses of Wythe Lane project in Williamsburg and BRP Companies’ the Crossing in Jamaica are among the latest projects to receive a new batch of renderings in the past week. Click here for a slideshow and more.

  • Kiefer Sutherland’s old townhouse relisted for $20M

    Actor flipped West Village home for $9.3M profit in 2012
    October 24, 2014 03:00PM
    From left: Kiefer Sutherland and his townhouse on Greenwich Street

    From left: Kiefer Sutherland and his townhouse on Greenwich Street

    Kiefer Sutherland’s former home at 736 Greenwich Street is back on the market. [more]

  • Inside TheRealDeal
  • United Nations nonprofit partner signs up at 685 Third Avenue

    Foundation for the Global Compact nearly triples space with move to 31-story building
    October 24, 2014 02:30PM
    685-third

    Daniel Horowitz and 685 Third Avenue in Midtown

    The Foundation for the Global Compact, a Midtown East-based nonprofit that partners with the United Nations, signed a lease for 27,235 square feet at TIAA-CREF’s 685 Third Avenue.

    The group will occupy the full 12th floor of the 31-story, 635,000-square-foot building near 44th Street. [more]

  • Denise Rich: I didn’t buy Central Park South co-op

    Socialite/songwriter -- who renounced US citizenship -- says her boyfriend purchased $12M unit
    October 24, 2014 02:00PM
    From left: Denise Rich and 230 Central Park South

    From left: Denise Rich and 230 Central Park South

    It ain’t easy being Rich. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    October 24, 2014 01:35PM

    1. HUGE: Related buys stake in Core for undisclosed amount
    2. Extell rakes in $79M with two big sales at One57
    3. Fort Lee goes upscale

    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]

  • Revealed: Pricing, floor plans for Silverstein’s 1 West End Ave.

    $20M penthouse is priciest pad at UWS building, which also has a "poor door"
    October 24, 2014 01:07PM By E.B. Solomont
    From left: Developer Larry Silverstein, a drawing of 1 West End Avenue and a rendering of 10 Freedom Place

    From left: Developer Larry Silverstein, a drawing of 1 West End Avenue and a rendering of 10 Freedom Place

    Silverstein Properties and the Elad Group’s 1 West End Avenue development has taken a lot of heat for its planned “poor door.” Now, the offering plan for the building’s market-rate condos offers a glimpse at how the other half will live. [more]

  • Billionaire developer Leonard Stern sells Soho home for $15M

    Hartz Group CEO's duplex pad spans 4,300 square feet
    October 24, 2014 12:56PM By Zachary Kussin
    From left: Leonard Stern and 459 West Broadway in Soho

    From left: Leonard Stern and 459 West Broadway in Soho

    Billionaire real estate developer Leonard Stern has sold off his Soho penthouse at 459 West Broadway in a $14.7 million deal, according to today’s property records. It was a slim profit for the Hartz Group chairman and CEO, who bought the three-bedroom, four-and-a-half-bathroom spread for $14.3 million. [more]

  • For US military veterans, a housing boom

    Big banks providing hundreds of homes free of charge -- with no mortgage attached
    October 24, 2014 12:45PM By Kenneth Harney
    346

    Mayor’s Office of Veterans at 346 Broadway in Tribeca, and a Department of Veterans Affairs plaque

    There may be fewer military boots on the ground overseas, but here at home there have been major campaigns in the housing market this year directed at veterans.

    Not only has the Department of Veterans Affairs’ VA home-loan program gained significant market share compared with competing private and government mortgage options, but big banks and mortgage companies have stepped up efforts to help returning veterans obtain decent and affordable housing, including by gifting them hundreds of homes free of charge, with no mortgage attached. [more]

  • Century 21 Metropolitan adding another office

    Fifty-agent firm to set up second shop on East 28th Street in December
    October 24, 2014 12:14PM By Ann Imperatore
    sherman

    Ryan Sherman

    After quietly launching earlier this year, Century 21 Metropolitan is expanding to a second office, The Real Deal has learned.

    The franchise brokerage opened in January in Lenox Hill with 21 agents. Principal and co-owner Ryan Sherman said that he and partner Doug Magid preferred to keep the firm under the radar until it was firmly established. But at this point, Century 21 Metropolitan has grown to 50 agents. That increase convinced the pair to add another office to the brokerage. [more]

  • CityTarget aiming to open first New York store at CityPoint

    Retailer to occupy 125,000 square feet at Acadia's development in Downtown Brooklyn
    October 24, 2014 11:45AM
    From left: Target CEO Brian Cornell and CityPoint

    From left: Target CEO Brian Cornell and CityPoint in Downtown Brooklyn

    CityTarget, Target’s brand for urban areas, inked a lease at CityPoint, a massive retail center that is currently under construction in Downtown Brooklyn. [more]

  • Keller Williams picks up boutique firm with huge rental portfolio

    CitySites has the exclusive on 150-buildings in Manhattan
    October 24, 2014 11:15AM By Rich Bockmann

    From left: Eric Barron, Maria Goris and Scott Hakim

    Keller Williams NYC has acquired a boutique brokerage with an exclusive on a portfolio of Manhattan rental properties, executives told The Real Deal.   [more]

  • Ingredients for REBNY’s deal of the year: Death, prison and a hunt in Queens

    Industry trade group celebrates residential achievers at Chelsea event
    October 24, 2014 10:45AM By Mark Maurer
    rebny

    From left: Timothy Melzer, Linda Guido, Reba Miller, Sharon Burroughs and Katie LoGatto on behalf of Shelley Lindauer at the REBNY Deal of the Year awards. (Credit: Gotham Photo Company)

    Manhattan’s top dealmakers descended on the Metropolitan Pavilion in Chelsea last night for accolades, cocktails, and a tribute to local cinema complete with a Liza Minnelli impersonator belting “New York, New York.” Twas the night of the Real Estate Board of New York’s 26th annual residential Deal of the Year awards, and though the setting was glamorous — the event carried the theme of New York City’s depiction in film and TV — the top honors went to a deal that was anything but. Click here for a slideshow and story.

  • Commercial sales catch the Brooklyn fever

    Investment sales in the hot borough rise mightily, both in numbers and in dollars
    October 24, 2014 10:30AM By Tom DiChristopher
    From left: the Atlantic Yards site and 470 Vanderbilt

    From left: the Atlantic Yards site and 470 Vanderbilt

    From the October issue: The Brooklyn investment sales market is well on its way from rising star to fixed point in the firmament. In the first three quarters of the year, overall transaction and dollar volume accelerated substantially and 2014 is on pace for a record number of large deals. [more]

  • Condé Nast all set, moving staff into One WTC next month

    Building's anchor tenant will roll out relocation in three phases
    October 24, 2014 10:00AM
    From left: One World Trade Center and Condeé Nast CEO Charles Townsend

    From left: One World Trade Center and Condé Nast CEO Charles Townsend

    November 3. It’s a date. [more]

  • World Trade Center Path station

    World Trade Center Path station

    Massive Hamptons estate sells quickly. WTC PATH station is taking shape. Young people often pick renting over owning. Read these stories and more after the jump.

  • Developers aim to attract young people with luxury tenements

    Rent for roughly 500-square-foot units in Murray Hill typically start at $3,000 a month
    October 24, 2014 09:00AM
    From left: The Collective on East 33rd Street and Third Avenue and old tenements in New York

    From left: The Collective on East 33rd Street and Third Avenue and old tenements in New York

    Who said walk-ups can’t be fancy? [more]

  • Amtrak eager to gauge real estate potential of Sunnyside Yards

    But exec at train operator said no properties will be put up for sale in near future
    October 24, 2014 08:30AM
    From left: Sunnyside Yard in Queens and Anthony Coscia

    From left: Sunnyside Yards in Queens and Anthony Coscia

    Amtrak is looking at Sunnyside Yards as part of an evaluation of its real estate portfolio. [more]

  • These 6 e-tailers are going brick-and-mortar in NYC

    Online companies supplementing business with physical locations
    October 24, 2014 08:00AM By Kerry Barger
    The Warby Parker showroom at 1290 Lexington Avenue

    The Warby Parker showroom at 1209 Lexington Avenue

    Retailers that once solely depended on clicks to drive sales are increasingly building up bricks as a supplement to their online business. [more]

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