The Real Deal New York

  • Ben Shaoul ordered to raze East Village penthouse

    Board of Standards and Appeals gives developer 60 days
    September 17, 2014 06:00PM

    Ben Shaoul and 515 East 5th Street in East Village

    The Board of Standards and Appeals ordered that developer Ben Shaoul remove a controversial seventh-floor penthouse at 515 East 5th Street in the East Village.

    Shaoul received 60 days to finish demolition of the penthouse. The board will then decide whether to approve the zoning variances needed for the sixth floor to remain. After completing the addition in 2007, Shaoul ran into trouble with the Board of Standards and Appeals, which reversed the 2006 Department of Buildings ruling allowing the additional two floors, as previously reported. [more]

  • Brooklyn Bridge Park tower foes say green space is overfunded

    Park stewards counter that opponents' report contains mistakes, ignores future costs
    September 17, 2014 05:40PM
    From left: Proposal for Pier 6 towers by Marvel and Pierhouse at Pier 1 rendering

    From left: Proposal for Pier 6 towers by Marvel and Pierhouse at Pier 1 rendering

    Opponents of two planned residential towers near Brooklyn Bridge Park say the buildings are not needed because revenue growth from existing developments will cover maintenance costs at the waterfront green space. [more]

  • Union Square

    Union Square

    Union Square’s real estate scene comes of age. Untangling New York billionaire Rubin Schron’s numerous real estate holdings. Late photographer’s ex-wife and mistress battle over Manhattan, East Hampton real estate spoils. Read these stories and more after the jump.

  • Follow The Real Deal on Tumblr

    Tune into TRD's latest social channel
    September 17, 2014 04:55PM


    We’re bringing our print pages to life. Check out The Real Deal on Tumblr for a new way to interact with our monthly magazine. Enjoy the very best photos, graphics and charts from our magazine, as well as links to quirkier news items from around the world of New York City real estate and beyond. [TRD's Tumblr]

  • Inside TheRealDeal
  • South Florida roundup: Record Lincoln Road deal, lenders writing huge construction loans … and more

    Snapshots of real estate news from the Sunshine State
    September 17, 2014 04:35PM By Eric Kalis
    One of the Lincoln Road buildings

    One of the Lincoln Road buildings

    From the September issue: In this month’s roundup of real estate news from sunny Florida, TRD first checks out the priciest deal ever made on the prominent Lincoln Road retail strip. The White Plains-based Acadia Realty Trust and its Miami Beach-based partner, Terranova, shelled out $342 million for a six-property portfolio. We also look at area construction lenders, which are once again making big bets on high-end condominium projects in the city. Click here to see these items and more.

  • Is “Selling New York” at the end of its run?

    Reality series wrapping up latest season in October, but no new episodes have been filmed
    September 17, 2014 04:15PM By Ann Imperatore

    Show was once a hot property for HGTV

    “Selling New York,” the HGTV reality show that began in 2010 and primarily starred agents from CORE, Warburg Realty and Kleier Residential, may not be coming back for another season.

    When asked about the fate of the series, a spokesperson for HGTV acknowledged that “the show is no longer in production at this time.” As of the moment, the rep noted, the series is “only confirmed to air through October.” [more]

  • Moynihan Station development to receive $40M in federal funds

    Funds to go toward Farley Post Office train station conversion
    September 17, 2014 03:55PM
    Rendering of Moynihan Station

    Rendering of Moynihan Station

    The Moynihan Station project is to receive $40 million from the Federal Transit Administration, as part of a larger $1.9 billion pot of federal funds being allocated to New York City transit-related projects.

    The Moynihan fund announcement follows a call from Senator Charles Schumer and other officials for money for a planned Penn Station extension. The $40 million will go to the Port Authority of New York & New Jersey and be used for waterproofing and other resiliency steps, sources from Schumer’s office told Crain’s. [more]

  • Landmarks OKs penthouse addition at 31 Bond

    Good Property's condo building to hold two triplexes and one duplex
    September 17, 2014 03:35PM

    Joshua Gurwitz and 31 Bond rendering

    The Landmarks Preservation Commission signed off yesterday on the addition of a penthouse and new rear façade as part of a six-story condominium conversion in Noho.

    Joshua Gurwitz’s Good Property plans to convert the site at 31 Bond Street into a luxury residential site with a total of two triplexes and one duplex. The commission did not support the penthouse and rear entrance designs last month. Soho firm Matthew Baird Architects then reduced the size of the proposed chimney by 9 feet and designed a smaller penthouse, which led to the approval.  [more]

  • Town going across the pond

    Brokerage to open first overseas branch in Central London; expanding network into China, France
    September 17, 2014 03:15PM By Hiten Samtani
    Lindsey Owen and the Central London skyline

    Lindsey Owen and the Central London skyline

    Goodbye bagels and Manhattans, hello crumpets and sherry. Town Residential will be opening its first international location in Central London, representatives for the firm told The Real Deal. [more]

  • Aby Rosen’s RFR is in contract to buy 190 Bowery

    Developer confirms deal for much sought-after home of photographer Jay Maisel
    September 17, 2014 02:50PM
    From left: 190 Bowery, Jay Maisel and Aby Rosen

    From left: 190 Bowery, Jay Maisel and Aby Rosen

    Aby Rosen has confirmed that RFR Realty is in contract to purchase the former Germania Bank building at 190 Bowery, the much sought-after home to a photographer. [more]

  • Wanted: Nominations for New York City’s best real estate firms

    The Real Deal will feature "Best Firms to Work For" in November issue
    September 17, 2014 02:30PM

    For our November issue, The Real Deal will be profiling the best commercial and residential brokerages to work for – focusing on what sets them apart from the rest of the pack.

    To do so, we want to hear from you!

    We’re looking for brokers to weigh in on what specific programs or benefits top firms offer. Using the subject line “Best NYC Firms,” please email residential tips to E.B. Solomont at and commercial tips to Hiten Samtani at — TRD

  • Revamped Rainbow Room to reopen next month

    Tishman Speyer overhauled wraparound terrace, included tech upgrades
    September 17, 2014 02:10PM
    From left: Rob Speyer, Jerry Speyer and the Rainbow Room at 30 Rock

    From left: Rob Speyer, Jerry Speyer and the Rainbow Room at 30 Rock pre-renovation

    The iconic Rainbow Room event space, located on the 65th floor of 30 Rockefeller Plaza, is due to reopen Oct. 1. [more]

  • Acuity Capital buys Hamilton Heights building for $33M

    100K sf rental site last sold in November as part of $45M portfolio
    September 17, 2014 01:45PM By Mark Maurer

    From left: 3489-3499 Broadway in Hamilton Heights, Elliot Neumann and Ivan Hakimian

    UPDATED, 2:11 p.m., Sept. 17: Real estate investment firm Acuity Capital Partners, led by Elliot Neumann, acquired a 100,000-square-foot apartment building in Hamilton Heights for $32.5 million in an off-market deal, The Real Deal has learned. [more]

  • Robert De Niro renting 15 CPW condo for $125K per month

    Two-in-one, 6,000-square-foot unit has one of highest rents in the city
    September 17, 2014 01:20PM

    15 Central Park West unit 35AB on Upper West Side (Inset: Robert De Niro)

    Robert De Niro recently moved into one of the priciest rental apartments in the city – a 6,000-square-foot condo at 15 Central Park West. How pricey? The Academy Award-winning actor will be paying $125,000 per month in rent. [more]

  • RXR Realty enters joint venture to bring offices to Pier 57

    Developer Youngwoo & Associates still plans to create affordable retail space on ground level
    September 17, 2014 12:55PM
    From left: Scott Rechler, Pier 57 rendering and Young Woo

    From left: Scott Rechler, Pier 57 rendering and Young Woo

    Scott Rechler’s RXR Realty has entered a joint venture with Youngwoo & Associates to operate offices at Pier 57, the West Side development originally conceived as a shopping complex dubbed SuperPier. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts from The Real Deal's Facebook page
    September 17, 2014 12:30PM

    1. Over one year, Clinton Hill building sees valuation jump $1M a month
    2. Here today, gone tomorrow: Old New York buildings that no longer exist
    3. PHOTOS: Toll Brothers releases renderings, floor plans for 1110 Park Ave

    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]

  • John Catsimatidis looks to sell Lexus showroom site

    HFF marketing Midtown West building as possible condo or hotel project
    September 17, 2014 12:10PM

    From left: 823-825 11th Avenue, John Catsimatidis and Eric Michael Anton

    John Catsimatidis, former New York City mayoral candidate and CEO of the Red Apple Group, has put the six-story, mixed-use building in Midtown West that formerly housed a Lexus showroom on the market. [more]

  • NYC higher ed to invest nearly $10B in construction, upgrades

    Spending during five-year period through 2017 continues current pace
    September 17, 2014 11:40AM
    From left: Cornell Tech rendering and NYU College of Nursing at 433 First Avenue rendering

    From left: Cornell Tech rendering and NYU College of Nursing at 433 First Avenue rendering

    Colleges and universities in New York City are projected to spend nearly $10 billion on new construction and renovations during a five-year period, according to a new report from the New York Building Congress. [more]

  • Norway fund pushing to buy Blackstone’s $2.2B 1095 Sixth: source

    Deal for tower could be one of NYC’s largest ever; oil fund just acquired stake in 601 Lex
    September 17, 2014 11:15AM By Hiten Samtani
    From left: Norges' Yngve Slyngstad, 1095 Sixth Avenue and Blackstone's Jonathan Gray

    From left: Norges’ Yngve Slyngstad, 1095 Sixth Avenue and Blackstone’s Jonathan Gray

    UPDATED, 1:21 p.m., Sept. 17: Fresh off the acquisition of a 45 percent stake in Boston Properties’ 601 Lexington Avenue, the sovereign fund that manages Norway’s substantial oil wealth is making a play for Blackstone Group’s 1095 Sixth Avenue, according to a source familiar with the talks. A deal for the tower, expected to fetch up to $2.25 billion, would be the biggest single office asset sale in New York since the GM Building traded hands in 2008. [more]

  • Lululemon inks two corner deals in Soho

    Athletic-gear retailer to open its first men's store at 127 Prince Street
    September 17, 2014 11:00AM By Adam Pincus
    From left: 125 and 127 Prince Street, Soho, Manhattan and Lululemon CEO Laurent Potdevin

    From left: 125 and 127 Prince Street, Soho, Manhattan and Lululemon CEO Laurent Potdevin

    UPDATED: Sept. 17, 1:30 p.m.: Lululemon Althletica signed a pair of leases late last month on two corners facing each other at Prince and Wooster streets in Soho. One will be the athletic apparel retailer’s first store just for men. [more]


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