The Real Deal New York

  • New Bklyn House hotel is ”Bushwick-inspired”

    Bushwick’s “tight-knit community” and “flourishing” arts scene will be “embedded into every part of the guest experience”
    December 20, 2014 10:00AM
    9 Beaver Street in Bushwick

    9 Beaver Street in Bushwick

    A new ”Bushwick-inspired” hotel is coming to, well…Bushwick. [more]

  • Peek inside Faye Dunaway’s duplex

    Check out her decor after the jump
    December 20, 2014 09:21AM

    fFayeDunaway10-lgn

    From LLNYC: For the last 15 years, Oscar winning “Bonnie and Clyde” actress Faye Dunaway has occupied a West Hollywood duplex. Now that home is on the market for $1.55 million. Here is a looking inside the four bed, three bath, via Elle Decor. [more]

  • Top residential agents of the week

    December 19, 2014 06:10PM
    460-gomes

    From left: Fredrik Eklund, John Gomes and 460 West 22nd Street in Chelsea

    Fredrik Eklund and John Gomes topped the week’s residential sales with a $19 million townhouse at 460 West 22nd Street in Chelsea. Click here to see this listing and more.

  • Rendering of City Point Towers in Downtown Brooklyn

    Rendering of City Point Towers in Downtown Brooklyn

    1 WTC gets its own selfie kiosk. American Realty’s Schorsch no longer a billionaire. Southbridge Towers residents weigh whether to stay or go. Read these stories and more after the jump.

  • Inside TheRealDeal
  • Coldwell Banker dumps Bellmarc

    National giant claims Binder's firm owes franchise fees
    December 19, 2014 05:28PM By Rich Bockmann
    From left: Bellmarc CEO Neil Binder and Coldwell Banker CEO Budge Huskey

    From left: Bellmarc CEO Neil Binder and Coldwell Banker CEO Budge Huskey

    UPDATED, Dec. 19, 6:11 p.m.: National brokerage Coldwell Banker terminated its franchise agreement with the embattled Bellmarc Group today amid claims that the Manhattan firm failed to pay thousands of dollars in fees, both companies told The Real Deal.

    Bellmarc and the San Francisco-based Coldwell entered into a franchise agreement in 2013, but their relationship took a nosedive this summer when Bellmarc co-founder Neil Binder was sued by his business partners, who alleged he embezzled hundreds of thousands of dollars from the company. [more]

  • France sells Carnegie Hill townhouse for $36M

    Pad was listed for $32.5M; was built in 1923
    December 19, 2014 05:03PM By Tess Hofmann
    The townhouse at 1143 Fifth Avenue, Jed Garfield and Francis O'Shea

    The townhouse at 1143 Fifth Avenue, Jed Garfield and Francis O’Shea

    The French government has sold a Fifth Avenue townhouse where consulate staffers lived for decades for $36.4 million. [more]

  • In their words…

    The funniest and most insightful comments on real estate
    December 19, 2014 04:50PM
    From left: Chris Rock, Karim Rashid and Bill Ackman

    From left: Chris Rock, Karim Rashid and Bill Ackman

    From Chris Rock to Karim Rashid, here are this month’s funniest real estate related quotes. More after the jump.

  • Minecraft creator picks up $70M Los Angeles mansion

    Beyonce and Jay Z reportedly also bid on property, which has 16-car garage
    December 19, 2014 04:45PM
    minecraft

    Markus Persson’s Beverly Hills, Calif., spec house (via Curbed) (inset: Markus Persson)

    Markus Persson, Swedish developer of the video game Minecraft, didn’t buy a block – just the biggest house on it. [more]

  • Steepest, cheapest listings in Manhattan this week

    High end: a block-long wrap-around terrace; Low end: a bike room
    December 19, 2014 04:30PM
    From left: 33 East 74th Street and 2090 Madison Avenue

    From left: 33 East 74th Street and 2090 Madison Avenue

    Douglas Elliman’s Katherine Gauthier and Eva Penson had the priciest listing this week with a $39 million penthouse at the Whitney at 33 East 74th Street. On the cheap end, the week’s least expensive listing was a $220,000 four-bedroom apartment at 2090 Madison Avenue. These listings and more after the jump.

  • CMBS market rebounds as lending standards loosen

    Issuance of property-backed securities heating up in the second half of 2014
    December 19, 2014 04:09PM

    Following a slow first half of the year, the commercial mortgage-backed securities market is seeing a flurry of activity as lending standards continue to ease up. [more]

  • The week in renderings: 204 Forsyth, 87 Wythe

    Here are some images of future NYC sites that caught our eye
    December 19, 2014 03:35PM
    renderings-wythe-pacific

    Renderings of 87 Wythe Avenue in Williamsburg (credit: Studio 4D) and 30 Sixth Avenue in Brooklyn (credit: SHoP)

    Developer Charles Saulson’s new 11-story Lower East Side condominium building and Cayuga Capital Management’s 12-story Williamsburg office property are among the latest projects to receive a new batch of renderings in the past week. Click here for a slideshow and more.

  • South Florida homes valued at $717B total: study

    Amount up nearly 10 percent year-over-year
    December 19, 2014 03:05PM
    Paragon_Plantation_Photo-300x199

    South Florida homes valued at $717B.

    From the South Florida website: The total value of homes in the South Florida market topped $717 billion in November. That’s up close to 10 percent from the same period a year ago.

    The gain in November far outpaced the 6.7 percent increase in the total value of all homes in the U.S. Houses in the U.S. have an estimated combined value of $27.5 trillion. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    December 19, 2014 02:50PM

    1. Priciest office nabes in the world? Midtown not even close
    2. Industry shows up to #PartywithMoinian: PHOTOS
    3. By the numbers: Measuring the progress of Hudson Yards

    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]

  • In memoriam: A look back at real estate players the industry lost this year

    Tamir Sapir, Bernard Spitzer and Glenn Markman among deaths in 2014
    December 19, 2014 02:20PM By E.B. Solomont
    From left: Tamir Sapir, William Zeckendorf Jr., Bernard Spitzer and Glenn Markman

    From left: Tamir Sapir, William Zeckendorf Jr., Bernard Spitzer and Glenn Markman

    New York’s real estate community said goodbye in 2014 to several pioneering developers and agents who helped to shape the city’s skyline. But the year started with the kidnapping and grisly murder of a little-known Brooklyn landlord, and every twist and turn of his dramatic case was closely followed by the industry. [more]

  • Minskoff secures $200M loan to refinance 101 Sixth

    Citibank, Barclays provide 20-year fixed-rate mortgage
    December 19, 2014 01:50PM By Mark Maurer
    101 Sixth Avenue (Credit: CoStar Group) and Edward Minskoff

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

    Edward Minskoff, who has signed several tenants to pricey lease deals at his 101 Sixth Avenue recently, received $200 million to refinance the 23-story office property, The Real Deal has learned. [more]

  • Bjarke Ingels moves ahead with Harlem resi project

    Blumenfeld's 233-unit residential building will also hold 37K sf of commercial space
    December 19, 2014 01:20PM By Claire Moses
    From left: Bjarke Ingels, 146 East 126th Street and David Blumenfeld

    From left: Bjarke Ingels, 146 East 126th Street and David Blumenfeld

    Bjarke Ingels is ready to officially leave his mark on Harlem.  [more]

  • Sackman Enterprises goes bigger at UWS development

    Revised plans show much larger building planned for West 96th Street site
    December 19, 2014 12:48PM By E.B. Solomont
    15 West 96th Street

    15 West 96th Street on the Upper West Side

    Sackman Enterprises is embracing the idea that bigger is better at a development site on the Upper West Side.

    The developer, which previously disclosed plans to demolish two townhouses in order to construct a new residential building, filed plans for an expanded, 22-story building at 15 West 96th Street, according to Department of Buildings records. [more]

  • Top 10 Manhattan retail investment deals of 2014

    Condos at World Trade Center, St. Regis and 432 Park top the list
    December 19, 2014 12:10PM By Mark Maurer
    Clockwise from top left: Doug Harmon, Adam Spies, Marc Holliday, Barry Sternlicht, Steven Roth, Harry Macklowe and Stanley Chera

    Clockwise from top left: Doug Harmon, Adam Spies, Marc Holliday, Barry Sternlicht, Steven Roth, Harry Macklowe and Stanley Chera

    The ever-increasing throngs of brand-hungry shoppers traipsing through Manhattan has resulted in record retail deals this year. And it’s the usual suspects who are pouncing on the opportunity. [more]

  • Investors slap Malkins with new suit over Empire State IPO

    With similar cases dismissed in New York, plaintiffs now trying federal court
    December 19, 2014 11:35AM
    Anthony Malkin, the Empire State Building and Andrew Penson

    Anthony Malkin, the Empire State Building and Andrew Penson

    Empire State Building investors fired off another suit against embattled managers Peter and Anthony Malkin claiming they were bilked out of profits in the building’s initial public offering. [more]

  • The condo loan bottleneck

    Looser FHA regulations could help millenials, seniors
    December 19, 2014 11:05AM By Kenneth Harney
    From left: David Stevens and 432 Park Avenue

    From left: David Stevens and 432 Park Avenue

    From the December issue: Call it the condo conundrum: In many urban areas nationwide, demand for condominium units is rising, according to new real estate industry estimates, yet mortgage financing for entry-level condo buyers is getting squeezed by a key federal agency. 

    It’s a little schizophrenic. List prices for condos in major markets are rising faster than those for single-family detached homes in the same areas. Nationwide, condo sales are steadily taking away market share from traditional homes as suburban boomers downsize, and other owners want to live closer to urban workplaces and center city attractions.[more]

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