The Real Deal New York

  • Carl Icahn injects $20M into Trump Taj Mahal

    The billionaire hopes to keep the bankrupt casino open until summer
    December 20, 2014 05:00PM
    From left: Carl Icahn and Trump Taj Mahal in Atlantic City

    From left: Carl Icahn and Trump Taj Mahal in Atlantic City

    Carl Icahn is lending $20 million to the Trump Taj Mahal to save it from shutting down today. [more]

  • Tips for keeping closing costs low

    December 20, 2014 04:00PM


    From Luxury Listing NYC: Standing between a buyer and their dream home is a mountain of costs, including agent commissions, attorney fees, lender fees, mortgage insurance, a title search, recording fees, real-estate taxes, survey costs and an appraisal. Here are a few tips to help lower those costs via the Wall Street Journal. [more]

  • Fraudster’s Gramercy Park mansion flounders on the market

    But is the unit’s unsavory provenance the reason?
    December 20, 2014 02:49PM
    The apartment at 50 Gramercy Park North and Jón Ásgeir Jóhannesson

    The apartment at 50 Gramercy Park North and Jón Ásgeir Jóhannesson

    Despite spending a year on the market and seeing several pricechops, no one is biting on a fraudsters Gramercy Park mansion. [more]

  • Skorpios-Island-Greece1


    From Luxury Listings NYC: Traditionally, the islands of Greece have been passed down from one generation to the next. But Greece’s private-island property market is taking off thanks to growing interest from foreign investors, a drop in prices and changes to Greek tax laws, according to the Wall Street Journal. [more] 

  • Inside TheRealDeal
  • From the archives: Zell on avoiding ‘la-la’ land

    The real estate mogul talks about what markets he's targeting, who his competition is and why he likes his 'Grave Dancer' moniker
    December 20, 2014 01:00PM By Avihu Kadosh

    Sam Zell

    Sam Zell is the chairman of Equity Group Investments, the private investment firm he founded more than 40 years ago. EGI’s investment portfolio spans multiple continents and industries, including real estate, hospitality, energy, transportation, media and health care. The Real Deal‘s Avihu Kadosh caught up with him in our July 2010 issue. Click here for the Q&A. 

  • These 7 cities are the new ‘Urban Wonders’ of the world

    See the "Paris of the Mediterranean" and more after the jump
    December 20, 2014 12:00PM By Business Insider


    A global campaign to name various new Seven Wonders of the World has announced the results of its Cities competition. The New7Wonders project was created by Bernard Weber in order to highlight some of the greatest natural and man-made wonders of the world not covered in the original list. [more]

  • Douglas Elliman makes Aspen push

    NYC largest brokerage has acquired one of Aspen’s major firms
    December 20, 2014 11:00AM

    Aspen and Howard Lorber (inset)

    Douglas Elliman is getting ready to hit the slopes, with the acquisition of one of Aspen’s major realty firms. [more]

  • 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


    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

    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.

  • 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

    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 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

    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]


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