The Real Deal New York

  • 1251 Avenue of the Americas

    1251 Avenue of the Americas

    The Public Company Accounting Oversight Board, a nonprofit government-sponsored watchdog agency, has signed a renewal and expansion deal at Mitsui Fudosan’s 1251 Avenue of the Americas, data from commercial real estate information firm CompStak shows. [more]

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  • Lower Manhattan

    Lower Manhattan

    It’s nearly impossible to memorize the cross streets for every street address in New York City. Thankfully, we just came across a formula that will do it for you. [more]

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  • 212 Fifth Avenue, which is part of the portfolio, and Gary Barnett

    212 Fifth Avenue, which is part of the portfolio, and Gary Barnett

    Extell Development’s Gary Barnett has acquired a partnership stake in a 14-building portfolio owned by brothers Michael and Frank Ring, Crain’s reported. The interest belonged to investor Joseph Tabak, and the deal could allow Barnett to force a sale of the portfolio — with himself in a favorable position to acquire it. [more]

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  • CityRealty screenshot

    CityRealty screenshot

    CityRealty, the real estate information website, has launched a “Market Insight” section that provides users with real-time real estate data and neighborhood statistics, Curbed reported. Features include a currency comparison tool that lets users look up average condominium and co-op prices in 11 different currencies. [more]

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  • Inside TheRealDeal
  • Donald Trump

    Donald Trump

    Real estate mogul Donald Trump is known for lending his name to real estate projects all over the world. But he hasn’t licensed his brand to a building on U.S. soil since before the recession, the Wall Street Journal reported.

    In fact, the last time that the Donald inked a licensing agreement in the U.S. was in 2007, with Trump Soho. [more]

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  • Exterior and interior images of the Murano

    Exterior and interior images of the Murano

    The 76-unit Murano condominiums in Long Island City have sold out, according to Modern Spaces, the exclusive sales and marketing agent at the property. [more]

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  • horace-bullard

    Horace Bullard

    Those looking for a Coney Island fire sale will have to keep walking. The daughter of the late developer Horace Bullard pulled a chunk of his real estate portfolio — among the most prized in the neighborhood — off the market several months ago, and some analysts think the decision indicates she will not sell the properties at discount rates, the New York Times reported.

    Jasmine Bullard inherited such properties as the Shore Theater and the Thunderbolt and Playland Arcade site when her father died in April. [more]

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  • RFR co-founder Aby Rosen and 757 Third Avenue

    RFR co-founder Aby Rosen and 757 Third Avenue

    It’s a triple play for RFR Realty, which now has three new tenants at its 757 Third Avenue office tower, the New York Observer reported. The first is consulting and case management firm Epiq Bankruptcy Solutions, which inked a 28,036-square-foot lease on the third and seventh floors.

    In addition, Omni Development, a real estate developer, and Astoria Federal Savings and Loan Association inked respective 5,700-square-foot and 5,284-square-foot deals. [more]

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  • Are tax-related property shuffles inflating investment sales?

    1031 exchanges are on the rise, spurred by higher capital gains rates and lower interest rates
    June 19, 2013 12:30PM By Katherine Clarke and Guelda Voien
    1031-pic

    From left: Doug Harmon, Joe Koicim, Matthew Bonney and Matthew Scheriff

    A growing number of investors are opting for so-called 1031 exchanges, in the wake of tax code changes that have increased the hit on selling real estate. But with more sellers exchanging higher and higher priced properties, some experts say the investment sales market is getting artificially inflated. [more]

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  • chateau-amorois

    Chateau Amorois in East Hampton

    An 8.3-acre estate known as Chateau Amorois in East Hampton has been sold for $21 million to an undisclosed buyer after multiple price chops, Curbed reported. [more]

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