The Real Deal New York

  • UWS penthouse-dwellers face clouds of smoke

    Two Upper West Side buildings have allegedly been spewing noxious gases for weeks
    March 01, 2015 11:00AM TRD WEEKEND EDITION
    Smoke stacks and 808 Columbus Avenue

    Smoke stacks and 808 Columbus Avenue

    Clouds of thick black smoke are wafting into a luxury Upper West Side apartment building, leaving residents worried for their health. [more]

  • Gloria and Emilio Estefan-owned villa listed for $40M

    The South Florida estate last sold for $1.84 million
    March 01, 2015 10:00AM By Ina Cordle and Katherine Kallergis
    Emilio and Gloria Estefan, 1 Star Island Drive, and The Jills

    Emilio and Gloria Estefan, 1 Star Island Drive, and The Jills

    From the South Florida website: “Nena’s Villa,” a Star Island mansion owned by entertainment industry heavyweights Gloria and Emilio Estefan has hit the market asking $40 million. [more]

  • Inside Bolivia’s whimsical architectural renaissance: VIDEO

    There are now more than six dozen “Andean palaces” throughout El Alto, Bolivia
    March 01, 2015 09:24AM TRD WEEKEND EDITION

    Buildings in El Alto, Bolivia

    From Luxury Listings NYC: The town of El Alto, Bolivia, a stronghold of the indigenous Aymara people, has recently gone from bland brick buildings to a whimsical architectural wonderland thanks to developer Freddy Mamani Silvestre. [more]

  • Renderings of Google’s new HQ are here

    The campus is being designed by starchitect Bjarke Ingels and Heatherwick Studio
    February 28, 2015 05:00PM TRD WEEKEND EDITION
    Renderings of  Google

    Renderings of Google’s new campus in in Mountain View, California.

    Starchitect Bjarke Ingels and London-based Heatherwick Studio have been tapped to design the new headquarters for Google in Mountain View, California. And get ready…because renderings of the massive project are already out. [more]

  • Inside TheRealDeal
  • Rupert Murdoch sells home to son for $30M

    The media tycoon's Beverly Hills mansion was purchased by James Murdoch
    February 28, 2015 04:00PM TRD WEEKEND EDITION
    James Murdoch and his

    James Murdoch and his Beverly Hills

    Media tycoon Rupert Murdoch has sold his Beverly Hills mansion to his youngest son, James Murdoch, for $30 million. [more]

  • CNN’s Anderson Cooper sells second Hamptons home

    The Quogue properties sold for $2.6 and $2.9 million
    February 28, 2015 03:00PM TRD WEEKEND EDITION
    From left: Anderson Cooper and his Quiogue home

    From left: Anderson Cooper and his Quiogue home

    From Luxury Listings NYC: Star CNN correspondent Anderson Cooper has now sold both of his Hamptons homes. [more]

  • Champagne scion opens new LES contemporary art gallery

    Richard Taittinger is a member of the famed Champagne-producing Taittinger family
    February 28, 2015 02:00PM TRD WEEKEND EDITION
    154 Ludlow Street and Richard Taittinger

    154 Ludlow Street and Richard

    The art world is popping bottles on the Lower East Side thanks to a new gallery opened by Champagne scion Richard Taittinger. [more]

  • From the archives: Revisiting the legacy of a master builder

    Looking back at the life of developer William Zeckendorf Sr.
    February 28, 2015 01:00PM By Alison Gregor
    William Zeckendorf in his signature hat

    William Zeckendorf in his signature hat

    As New York City ushers in an era of vast development projects — whether the Freedom Tower, Hudson Yards or massive plans for Manhattan’s East Side — a glance back at the life of developer William Zeckendorf Sr. is proof that there are no new ideas under the sun.

    Zeckendorf, who was born in 1905 in Paris, Ill., to a hardware store manager, dominated the nation’s real estate industry from the 1940s through the early 1960s, along with his company, Webb & Knapp Inc. His legacy is felt coast to coast, from Century City in Los Angeles to Roosevelt Field on Long Island. Read the full article from the November 2007 issue after the jump.

  • “Haunted” mansion hits the market on Staten Island

    The spooky home is asking $2.3 million
    February 28, 2015 12:00PM TRD WEEKEND EDITION

    2475 Richmond Road

    A historic, and possibly haunted, mansion has hit the market on Staten Island. [more]

  • Former Town president Jeff Appel moves to EverBank

    Appel-DeSimone Group partner, Bonnie DeSimone, is also joining the firm
    February 28, 2015 11:00AM By Christopher Cameron
    Jeffery Appel and the Everbank offices at 780 Third Avenue

    Jeffery Appel and the Everbank offices at 780 Third Avenue

    Jeffrey Appel, who acted as the face of Town Residential during CEO Andrew Heiberger’s hiatus, has joined EverBank, a Jacksonville, Fla.,-based financial services firm. [more]

  • Quaint farms are the hottest new way to market a house

    Because people love authenticity
    February 28, 2015 10:00AM By Business Insider
    A farm

    A farm

    Trend alert! The hottest new marketing trend for suburban housing developers is farms. They’re called “agrihoods,” and although they’ve been around since the 1980s, they are now becoming more popular with large developers, who are banking on farm-fresh food to lure people to their communities.

    “The mainstream development community has come to think of these as a pretty good way to build a low-cost amenity that people seem to like and that also adds authenticity,” resident Urban Land Institute fellow Ed McMahon told Bloomberg. [more]

  • 3 stellar designer wine cellars

    Today, wine storage is all about showing off
    February 28, 2015 09:19AM TRD WEEKEND EDITION


    From Luxury Listings NYC: Forget “The Casks of Amontillado,” these designer wine “cellars” aren’t hidden away in the basement. [more]

  • Top residential agents of the week

    February 27, 2015 06:00PM

    Lori Ben-Ari and 230 West 78th Street on the Upper West Side

    Lori Ben-Ari of CORE topped this week’s residential sales with an $11 million condominium unit on the Upper West Side. Click here to see this listing and more.

  • The week in renderings: 520 West 20th, 308 North 7th

    Here are some images of future NYC sites that caught our eye
    February 27, 2015 05:30PM

    From left: Renderings of 520 West 20th Street in Chelsea and 308 North 7th Street in Williamsburg (credit: Morris Adjmi and KBA, via New York YIMBY)

    Savanna’s Chelsea office building and Adam America Real Estate’s Williamsburg apartment building are among the latest projects to receive a new batch of renderings in the past week. Click here for a slideshow and more.

  • Breakup: Kuafu Properties looks to dissolve partnership at Hudson Yards project

    Petition describes “deadlock” with partners Siras Development and Sean Ludwick, with “many millions” at stake
    February 27, 2015 05:09PM By E.B. Solomont and Kyna Doles
    Hudson Yards

    From left: Shang Dai, a rendering of Hudson Rise at 462-470 Eleventh Avenue, Saif Sumaida and Sean Ludwick

    A partnership between three upcoming developers looking to build a glitzy 47-story hotel and condominium in the Hudson Yards area is now in dire straits. Kuafu Properties, a New York-based Chinese development firm, is looking to cut ties with Sean Ludwick’s Blackhouse Development and Siras Development, a firm founded by Ludwick’s former partners Saif Sumaida and Ashwin Verma. [more]

  • Ira Rennert ordered to fork over $118M

    Jury finds mining magnate looted his firm to pay for $500M Hamptons estate
    February 27, 2015 04:35PM
    Ira Rennert's Hamptons compound (inset: Ira Rennert)

    Ira Rennert’s Hamptons compound (inset: Ira Rennert)

    A federal jury ordered billionaire Ira Rennert and his company to pay $118 million for looting his mining firm partially to help pay for a Hamptons megamansion. [more]

  • Sternlicht’s Starwood gets $500M loan for 85-hotel portfolio

    Firm to refinance extended-stay properties in 18 states
    February 27, 2015 04:00PM By Mark Maurer

    From left: Barry Sternlicht (credit: 1Hotels) and Dustin Stolly

    Barry Sternlicht’s Starwood Capital Group landed a $500 million loan to refinance 85 of its extended-stay hotels across 18 states, The Real Deal has learned.

    Credit Suisse provided the five-year, floating-rate loan for the InTown Suites portfolio, which includes nearly 10,800 hotel rooms. JLL’s Dustin Stolly, Bill Grice and Brett Rosenberg represented Starwood in the refinancing. [more]

  • “Divine Intervention” makes for award-worthy transaction

    Savills Studley's David Carlos and Ira Schuman are up for REBNY "Ingenious Deal" award
    February 27, 2015 03:30PM By Rich Bockmann
    Congregation Habonim and (clockwise from top right) David Carlos, Ira Schuman, Samvir Sindhu and Gary Barnett

    Congregation Habonim and (clockwise from top left) David Carlos, Ira Schuman, Samvir Sindhu and Gary Barnett

    By the grace of God, Savills Studley’s David Carlos and Ira Schuman managed to sell an Upper West Side Jewish congregation’s home to Extell Development and Megalith Capital Management for $45 million in December.

    Now, the brokers are hoping the deal gets the blessing of one of real estate’s highest powers. [more]

  • Brookfield taps Marketing Directors for Manhattan West rental

    Tower will have 844 units, 20 percent affordable
    February 27, 2015 03:00PM By E.B. Solomont

    435 West 31st Street and Andrew Gerringer

    The Marketing Directors will be in charge of leasing Brookfield Office Properties’ planned 62-story rental building on the Far West Side, The Real Deal has learned.

    The Manhattan West residential tower, located at 435 West 31st Street, will have 844 units, 20 percent of which will be affordable. The SLCE-designed tower is part of Brookfield’s seven million-square-foot development in the Hudson Yards complex. Plans for the development include the rental tower, a 60,000-square-foot plaza, five-star hotel and office buildings. [more]

  • Potential buyer pool for CushWake could be small: analysts

    Agnelli family doesn't want to sell to direct competitor
    February 27, 2015 02:30PM
    From left: Cushman's Edward Forst and Exor's John Elkann

    From left: Cushman’s Edward Forst and Exor’s John Elkann

    While the timing might be right to sell Cushman & Wakefield, the number of potential buyers is limited, according to analysts.

    The Agnelli family’s Exor SpA is selling the real estate services firm, which could fetch as much as $2 billion. It’s a good time to sell businesses that make money through real estate services, because their values are high and the economy is recovering, analysts told the Wall Street Journal. [more]


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