The Real Deal New York

  • Second Avenue subway now 82 percent complete

    MTA officials confident the new line will open by December 2016
    May 23, 2015 04:51PM TRD WEEKEND EDITION
    Michael Horodniceanu and renderings of the Second Avenue subway

    Michael Horodniceanu and renderings of the Second Avenue subway

    The long-awaited, $4.45 billion Second Avenue subway line is now 82 percent complete, the Metropolitan Transportation Authority has said. And it’s on track to open the first phase by December 2016. [more]

  • Hotel-like home lists for $19.5M in Wainscott

    It features a "Japanese barn-style great room"
    May 23, 2015 03:55PM TRD WEEKEND EDITION
    44 Sayres Path Wainscott and architect Maziar Behrooz

    44 Sayres Path Wainscott and architect Maziar Behrooz

    A sprawling property in Wainscott has hit the market for $19.5 million, just in time for summer. [more]

  • Mean Girls mansion asks $12M

    The 20,000-square-foot Toronto property was featured throughout the Lindsay Lohan flick
    May 23, 2015 03:00PM TRD WEEKEND EDITION
    Characters from "Mean Girls" and the mansion featured in the film

    Characters from “Mean Girls” and the mansion featured in the film

    The massive neoclassical mansion featured in the 2004 Lindsay Lohan film, “Mean Girls,” has hit the market asking $12 million. So fetch! [more]

  • Farwell, faux pas

    “Housekeeping camp” trains the one percent’s maids and nannies to provide flawless service
    May 23, 2015 02:00PM TRD WEEKEND EDITION

    UES1From Luxury Listings NYC: Chorz, the domestic staffing agency that Wilpon founded in 2011, now offers Sunday afternoon classes covering table setting, understanding the workings of a Manhattan building, how to work a Crestron home automation system and on keeping the best linen closet. [more]

  • Inside TheRealDeal
  • From the archives: Living in glass houses, shunning stone

    The shimmering new aesthetic also brings design challenges
    May 23, 2015 01:00PM By C. Hobbs
    TRD WEEKEND EDITION
    One Prospect Park and Richard Meier

    One Prospect Park and Richard Meier

    Walls of glass distinguish many of Manhattan’s newest marquee properties, and make many a pricey but older apartment look like a concrete bunker. But the prevalence of this aesthetic also brings design challenges, from privacy concerns to building difficulties. As residents adjust to the new look of their modern condos, developers are working out the kinks for future projects. Read the full story from the February 2006.

  • Harry Macklowe seeks to oust $244.37-a-month renters

    The 737 Park residents are members of the Katz real estate family
    May 23, 2015 12:00PM TRD WEEKEND EDITION
    macklowe_737-park

    Harry Macklowe, 737 Park Avenue

    Billionaire developer Harry Macklowe is waging a $9.7 million legal battle over a $244.37-a-month Park Avenue apartment. [more]

  • Morgans Hotel Group CEO Jason Kalisman resigns

    Howard Lorber was named chairman
    May 23, 2015 11:00AM TRD WEEKEND EDITION
    Jason Kalisman and Howard Lorber

    Jason Kalisman and Howard Lorber

    Jason Kalisman, the interim CEO of Morgans Hotel Group, has resigned, effective immediately. Howard Lorber has also been named chairman. [more]

  • Trinity Church in 1904

    Trinity Church in 1904

    There’s a new map that will help you chart exactly how much Manhattan has changed over the years. This week, the New York Public Library released an interactive website that allows users to travel back in time using the Library’s historical photography database. [more]

  • Great escapes

    A look at the priciest tri-state area hotels
    May 23, 2015 09:09AM By Christopher Cameron
    TRD WEEKEND EDITION
    Winvian Farm

    Winvian Farm

    From Luxury Listings NYC: Clustered in the most exclusive enclaves of New York and Connecticut, these hotels give Manhattan a run for its money, both in terms of price and luxury. Guests often get far more for their dollar outside the city — say, an entire cottage vs. a single room. So compared to most uptown hotels, these country getaways offer a lot of value for truly unique and high-end experiences. [more]

     

  • Top residential agents of the week

    May 22, 2015 06:00PM
    John Burger and 3 East 80th Street on the Upper East Side

    John Burger and 3 East 80th Street on the Upper East Side

    John Burger of Brown Harris Stevens topped this week’s residential sales with a $19.8 million townhouse on the Upper East Side. Click here to see this listing and more.

  • Soho’s only freestanding townhome sells at a steep discount

    Serhant was marketing 514 Broome for $10M, but it sold for $6.9M
    May 22, 2015 05:50PM
    From left: Ryan Serhant and 514 Broome Street

    From left: Ryan Serhant and 514 Broome Street in Soho

    Soho’s only freestanding home has traded hands for $6.9 million. [more]

  • Delshah scoops up Herald Square retail building

    Developer beat out Macy's for the property
    May 22, 2015 05:35PM By Claire Moses
    641 Seventh Avenue in Herald Square and Michael Shah

    641 Seventh Avenue in Herald Square and Michael Shah

    Michael Shah’s Delshah Capital closed on the purchase of a Herald Square retail building on the corner of West 35th Street and Seventh Avenue for $14 million, The Real Deal has learned. [more]

  • New finance commish will decide on title insurance reform

    Lawsky's successor will decide on Cuomo's anti-inducement proposal
    May 22, 2015 05:20PM By Rich Bockmann
    From left: Andrew Cuomo, Robert Treuber and Benjamin Lawsky

    From left: Andrew Cuomo, Robert Treuber and Benjamin Lawsky

    As the state’s chief financial watchdog plans to step down, he leaves to his successor a decision regarding new controversial regulations on the title insurance industry. [more]

  • ReCapFrom the May issue: Nest Seekers International throws a massive bash in honor of Ryan Serhant, Anthony Bourdain is opening up a new food hall and more in this month’s Re:Cap. [more]

  • Catsimatidis’ Gristedes sues Madison Capital over allegedly unpaid rent at Ansonia

    Investment firm accused of misrepresenting its financial stability in bankruptcy court
    May 22, 2015 04:30PM By Mark Maurer and Kyna Doles
    2101 Broadway Lawsuit

    From left: John Catsimatidis, 2101-2115 Broadway and Richard Wagman (credit: Bisnow)

    John Catsimatidis’ Gristedes supermarket chain is suing Madison Capital for allegedly defaulting on rent at the Ansonia condo building and misrepresenting its financial stability. [more]

  • CoStar sues RealMassive for copyright infringement

    Suit claims that sharing platform prominently displays copyrighted photos on its site
    May 22, 2015 04:05PM
    From left: CoStar's Andrew Florance and RealMassive's Joshua McClure

    From left: CoStar’s Andrew Florance and RealMassive’s Joshua McClure

    CoStar Realty, a subsidiary of real estate research giant CoStar Group, is suing commercial real estate listings website and sharing platform RealMassive for copyright infringement.

    In a suit filed in federal District Court in Austin, Texas, the research firm claims that RealMassive “prominently displays CoStar-copyrighted photographs, including those still bearing the CoStar logo and watermark” of commercial properties on their website, according to a press release from CoStar. RealMassive allegedly also used those pictures in marketing materials such as brochures. [more]

  • SDS’ Downtown Brooklyn condo project is getting taller

    Permits show 88 Schermerhorn Street could rise 27 stories
    May 22, 2015 03:40PM
    88 Schermerhorn Street in Downtown Brooklyn

    88 Schermerhorn Street in Downtown Brooklyn

    Second Development Services’ Downtown Brooklyn condo project appears to be getting taller. A new permit application has the building at 27 stories, up from the originally planned 20.

    The application for 88 Schermerhorn Street calls for 23 units. The property is currently home to an historic walk-up building, but demolition permits were filed in November. [more]

  • Here’s why more developers and brokers are living in their own projects

    Putting your money where your mouth proves to be a good sales strategy
    May 22, 2015 03:20PM
    From left: Roger Fortune and 388 Bridge Street in Downtown Brooklyn, Francis Greenburger and a rendering of 50 West in the Financial District (credit: Helmut Jahn/Murphy)

    From left: Roger Fortune and 388 Bridge Street in Downtown Brooklyn, Francis Greenburger and a rendering of 50 West in the Financial District (credit: Helmut Jahn and Murphy)

    When developers and brokers make the decision to live in the projects they’re attempting to sell, it lends them an air of authenticity and gives them inside knowledge for future projects. [more]

  • Join 20,000-plus real estate pros on TRD’s new database

    Sign up for The Real Deal's real estate directory
    May 22, 2015 02:50PM
    The Real Deal's new real estate directory

    The Real Deal‘s new real estate directory

    Those navigating the New York City market now have fewer hoops to jump through when searching for a real estate professional, thanks to The Real Deal‘s newly-launched database.

    Powered by commercial mortgage brokerage Eastern Union, The Real Deal‘s new directory puts the name of brokers, appraisers, mortgage bankers and other real estate professionals all in one place.

    Click here to submit your information and browse other real estate professionals listed in the directory.

  • Elrob Realty’s stalled Williamsburg project secures funding

    54-unit rental building received its foundation in 2008
    May 22, 2015 02:40PM By Claire Moses
    From left: Jonathan Singer and 150 North 12th Street in Williamsburg

    From left: Jonathan Singer and 150 North 12th Street in Williamsburg

    Although Elrob Realty laid the foundation for a new condo project at 150 North 12th Street in Williamsburg in 2008, the developer only just secured the funding to continue building the roughly 46,000-square-foot rental development.

    Eastern Union Funding provided Elrob, which has owned the land for more than four decades, with $18 million to complete the project. [more]

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