The Real Deal New York

  • Blade founder lands at new $15M West Chelsea property

    October 22, 2016 05:00PM TRD WEEKEND EDITION
    Rob Wiesenthal and his new apartment (photo via Wikipedia)

    Rob Wiesenthal and his new apartment (photo via Wikipedia)

    From Luxury Listings NYC: The sky’s the limit for Robert Wiesenthal. The high-flying executive and founder of Blade — the Uber for helicopters — just bought a $15 million West Chelsea condo. The 12th floor unit at 551 West 21st Street is an upgrade from his former Upper East Side home at 147 East 63rd Street, which sold for $10.5 million in June 2015. [more]

  • This artistic home is “a rejoinder to the McMansion”

    Steven Holl Architects designed this experimental home in Rhinebeck
    October 22, 2016 04:15PM TRD WEEKEND EDITION


    Fine art and architecture have always informed one another. So if you are an artist looking for an artistic home look no further. New York City-based Steven Holl Architects has designed just the place for you. [more]

  • Owners of Trump’s childhood home postpone auction

    The sellers are hoping to attract more buyers via media hype
    October 22, 2016 03:15PM TRD WEEKEND EDITION


    The Tudor-style Jamaica Estates home built by Fred Trump was scheduled to hit the auction block this week. But the sale was postponed, apparently to give potential buyers more time to see the home. [more]

  • Jonathon Yormak, Larry Silverstain, Leonard Boxer and Jonathan Mechanic

    Jonathon Yormak, Larry Silverstain, Leonard Boxer and Jonathan Mechanic

    From Luxury Listings NYC: Over 300 guests, including Larry Silverstein, Richard Ruben and Jonathan Mechanic, gathered to honor Jonathon Yormak of Eastend Capital at the 25th Anniversary of the New York Air Society Sky’s the Limit Benefit. Check out the photos after the jump. [more]

  • Inside TheRealDeal
  • Jagger condo hopes buyers find satisfaction in smaller units

    October 22, 2016 01:00PM By Steve Cutler
    16 West 19th Street and Jade Jagger

    16 West 19th Street and Jade Jagger (via Instagram)

    Mick Jagger may not be able to give it away on Seventh Avenue, as he once sang, but daughter Jade Jagger’s betting she can sell it between Fifth and Sixth.

    The celeb child-turned model-turned jewelry designer-turned interior designer is lending her name to a condo conversion at 16 West 19th Street. Read the full story from July 2006. 

  • Barcelona demands building permits from Gaudí’s La Sagrada Família

    But the church claims that it received a 1885
    October 22, 2016 12:00PM TRD WEEKEND EDITION
    La Sagrada Família

    La Sagrada Família

    For the last 134 years, architect Antoni Gaudí’s masterpiece La Sagrada Família has been under construction in Barcelona. But a fresh roadblock may cause construction to take longer still. [more]

  • Emilio Estevez finds buyer for beleaguered estate

    The Malibu mansion was last listed for $6.5 million
    October 22, 2016 11:04AM TRD WEEKEND EDITION
    Emilio Estevez

    Emilio Estevez via Gabriele Wiki Commons

    Actor Emilio Estevez has let go of his Malibu estate for somewhere close to $6.5 million after three years on the market. [more]

  • Ryan Marshall

    Ryan Marshall

    US real estate is so large and complex that it can sometimes be hard to get a good view of the health of the market. Between the boatload of data and the nearly 70 million single-family homes, it’s rare to get a full picture of the state of the housing market. Ryan Marshall, CEO of the homebuilder Pulte Group, however, laid out the state of the US housing market in one succinct quote. [more]

  • Le Bernardin’s Eric Ripert sells Chelsea condo for $2M

    Ripert's wife Sandra had the listing
    October 22, 2016 09:00AM By Liz Lucking
    Eric Ripert and 151 West 21st Street (image credit: Eric Ripert)

    Eric Ripert and 151 West 21st Street (image credit: Eric Ripert)

    From Luxury Listings NYC: Three-star Michelin chef Eric Ripert might have personally designed the kitchens for the entire building at the Chelsea Green, but that’s not enough to keep him from parting ways with his condo there. Ripert has sold his two-bedroom spread at 151 West 21st Street for $2 million, according to city records. [more]

  • Jack Parker shopping Le Parker Meridien in Midtown

    The 40-story hotel on West 56th Street is worth $500M: sources
    October 21, 2016 06:29PM

    119 West 56th Street

    Jack Parker Corporation is looking to sell its 729-room hotel Le Parker Meridien in Midtown.

    The developer has been showing Le Parker Meridien at 119 West 56th Street to potential bidders via Eastdil Secured, according to Real Estate Alert. The website reported that Steve Witkoff is among the prospective buyers. [more]

  • Barry Diller’s feud with Durst gets ugly

    Media mogul lambasts “Durst family killing machine” in spat over Hudson River Park
    October 21, 2016 06:05PM By Rich Bockmann
    Barry Diller and Douglas Durst

    From left: Barry Diller, Pier 55 and Douglas Durst

    Barry Diller is out for blood.

    The billionaire media mogul, who last month accused Douglas Durst of surreptitiously trying to block his $200 million park project on the Hudson River, took a shot at his nemesis at a Vanity Fair’s New Establishment Summit Thursday. [more]

  • Kushner secures $370M to refi Times Square retail condo

    The company bought the 250K space for $296M last year
    October 21, 2016 05:50PM
    229 West 43rd Street and Jared Kushner

    229 West 43rd Street and Jared Kushner

    Jared Kushner’s Kushner Companies landed a $370 million loan from Deutsche Bank and SL Green Realty to refinance its 250,000-square foot retail condominium on West 43rd Street.

    The financing includes a $285 million senior note from Deutche Bank and a $85 million mezzanine loan from SL Green, the Commercial Observer reported. JLL’s Keith Kurland and Aaron Appel brokered the debt deals, which are 10-year terms, according to the CO. The new debt replaces a $295 million acquisition loan that Brookfield Property Partners provided Kushner last year. [more]

  • Brookfield, Urban American mull selling Putnam portfolio

    About half of the nearly 4,000 apartments have Section 8 vouchers
    October 21, 2016 05:40PM By Mark Maurer and Adam Pincus
    Putnam Portfolio

    Roosevelt Landings on Roosevelt Island (inset: Brookfield Property Partners Chairman Ric Clark)

    Brookfield Property Partners and Urban American Management are considering the sale of the massive Putnam multifamily portfolio in Upper Manhattan and on Roosevelt Island, The Real Deal has learned. [more]

  • Joe Moinian sells his Park Ave. co-op for $8.8M

    The full-floor pad was first listed in 2009 for $9M
    October 21, 2016 05:24PM By Chava Gourarie
    1045 Park Avenue on the Upper East Side and Joseph Moinian

    1045 Park Avenue on the Upper East Side and Joseph Moinian

    If at first you don’t succeed, try, try again. After years unsuccessfully trying to sell his 4,000-square-foot co-op unit in 1045 Park Avenue, developer Joseph Moinian has finally found a buyer. The real estate mogul sold the five-bedroom penthouse on the 15th floor to Robin Rankin, head of mergers and acquisitions at Credit Suisse. She paid $8.8 million for the pad, according to Department of Finance records. [more]

  • City could require developers to reserve units for the homeless

    New HPD guidelines suggest city can relocate those living in shelters into buildings receiving subsidies
    October 21, 2016 04:55PM By Will Parker and Adam Pincus
    Vicki Been

    HPD commissioner Vicki Been

    Changes made to the city’s affordable housing guidelines could require developers with subsidized units to board homeless New Yorkers currently living in emergency shelters.

    According to an updated marketing handbook quietly released by the city’s Housing Preservation and Development agency this week, developers whose buildings receive financial assistance from HPD and the Housing Development Corporation could be forced to redesignate units set aside for community members and the disabled to city residents living in homeless shelters. [more]

  • Airbnb files suit against Schneiderman, de Blasio

    Civil suit claims deprivation of Constitutional rights
    October 21, 2016 04:31PM By Rich Bockmann and Kyna Doles

    From left: Bill de Blasio, Nathan Blecharczyk, Brian Chesky, Joe Gebbia and Eric Schneiderman

    Airbnb filed a federal lawsuit Friday afternoon naming state Attorney General Eric Schneiderman, Mayor Bill de Blasio and the City of New York as defendants after Gov. Andrew Cuomo signed a bill into law earlier in the day banning the advertising of illegal short-term listings. [more]

  • Andrew Madoff’s UES home sells for $5.4M

    Late son of Ponzi schemer bought the apartment for $4.4 million in 2008
    October 21, 2016 04:15PM By Katherine Clarke
    429 East 74th Street and Andrew Madoff

    429 East 74th Street and Andrew Madoff

    An Upper East Side apartment formerly owned by Andrew Madoff, the late son of convicted fraudster Bernie Madoff, has sold for $5.4 million.

    Madoff’s estate listed the condominium unit at 429 East 74th Street for sale at $5.9 million in February, two years after he died from cancer at age 48. He reportedly left behind a $15 million fortune, which was to be divided among his ex-wife, his daughters and his fiancee Catherine Hooper. [more]

  • Cuomo signs bill banning illegal Airbnb listings

    $30B startup vows to fight back in court
    October 21, 2016 03:45PM
    Map of Airbnb listings (credit: Inside Airbnb) and Andrew Cuomo

    Map of Airbnb listings (credit: Inside Airbnb) and Andrew Cuomo

    Gov. Andrew Cuomo signed a bill into law Friday that prohibits New Yorkers from advertising illegal listings on home-sharing websites like Airbnb, which has pledged to fight back with legal action.

    The bill sat on Cuomo’s desk for months after the state Legislature approved it in June, while Airbnb waged a campaign to persuade the governor to veto the measure ahead of the Oct. 29 deadline. [more]

  • Tesla and the Hyperloop will transform real estate: panel

    “Brokers are the meal,” says CoStar CEO on the future of CRE
    October 21, 2016 03:15PM By Chava Gourarie
    Andrew Florance and Jeff Frieden

    Andrew Florance and Jeff Frieden

    The biggest thing to happen in real estate in recent history is Tesla, according to CoStar’s CEO Andrew Florance. Or more broadly, driverless car technology.

    “The most important tech announcement for commercial real estate in the last 10 years was Wednesday,” Florance said during a tech panel at the SIOR conference at the Sheraton Hotel in Midtown on Friday. “When Elon Musk got up and talked about the fully autonomous Tesla.” [more]

  • From left: 740 Park Avenue, Edward Murray Bassett and 378 West End

    From left: 740 Park Avenue, Edward Murray Bassett and 378 West End

    From the October issue: One of the Upper East Side’s most exclusive co-ops, 740 Park Avenue, was completed 86 years ago this month. Edward Murray Bassett, a lawyer and former Congressman known as the “father” of American zoning, died 68 years ago this month. The city ruled 53 years ago this month that a group of 18 Manhattan buildings should be brought back under rent control after concluding that landlords were operating the buildings as rooming houses rather than hotels. [more]