The Real Deal New York

  • Nestle Skin Health signs lease at Alexandria Center for Life Science

    Swiss company will take up 30,400 square feet at the sprawling Kips Bay complex
    July 06, 2015 06:20PM By Konrad Putzier
    Alexandria

    The Alexandria Center for Life Science in Kips Bay (inset: CBRE’s John Isaacs)

    Nestle Skin Health inked a 16-year lease for 30,400 square feet at the Alexandria Center for Life Science in Kips Bay. [more]

  • Greek turmoil to have minimal impact on NYC real estate: experts

    Players and analysts weigh in on debt crisis in Europe
    July 06, 2015 06:12PM By Ariel Stulberg
    From left: Sam Chandan, John Catsimatidis, Patrick Chovanec

    From left: Sam Chandan, John Catsimatidis and Patrick Chovanec

    Greek voters’ overwhelming rejection of European creditors’ austerity-laden loan package makes a Greek exit from the euro more likely than ever. But while prior crises in Europe have led investors there to seek relative safety in assets like New York City real estate, experts told The Real Deal that the effect of the latest turmoil on the property market here will be minimal. [more]

  • Erno Bodek’s Chelsea warehouse hits the market for $65M

    541 West 21st Street marketed as possible office or hotel conversion
    July 06, 2015 05:40PM
    541 W 21

    541 West 21st Street in Chelsea (inset: David Schechtman)

    A century-old warehouse at 541 West 21st Street currently used to store high-end art is being shopped as a possible office or hotel conversion.  [more]

  • Cement workers’ strike ends after court ruling

    Work stoppage affected Related's Hudson Yards, Time's 50 West Street projects
    July 06, 2015 05:20PM
    Related Cos.' 10 Hudson Yards under construction

    Related Cos.’ 10 Hudson Yards under construction

    Work resumed at the Hudson Yards project and other construction sites around the city Monday, after a federal judge ordered New York City Distrcit Council of Carpenters members to end their three-day strike.

    The strike began last week after a breakdown in collective bargaining negotiations between the cement workers’ union and the Cement League, a contractor trade group whose members hire union workers. [more]

  • Inside TheRealDeal
  • Day in the Life Of: Kathy Korte

    The Sotheby’s CEO on dreams of being a spy, jet setting around the world and the Packers
    July 06, 2015 04:50PM By Mark Maurer
    Kathy Korte (Credit: Tobias Truvillion)

    Kathy Korte (Credit: Tobias Truvillion)

    From the July issue: Kathy Korte sits at the top of the Sotheby’s International Realty food chain, overseeing 42 offices and more than 1,800 brokers and agents globally. TRD’s latest residential firm ranking found that the firm’s two NYC offices had $1.4 billion of listing, 231 brokers and an average listings price of roughly $8.8 million. Korte, 53, joined Sotheby’s in 1984 as an administrative assistant, fresh out of Franklin & Marshall College in Pennsylvania. [more]

  • Compass to open first Brooklyn office — in Park Slope

    Williamsburg outpost also planned for startup brokerage
    July 06, 2015 04:30PM By E.B. Solomont
    PatrickBrennanmTkalla-KeatonAdam-Sikorski2

    From left: Patrick Brennan, 514 Second Avenue and mTkalla Keaton and Adam Sikorski

    Compass is planting a flag in Brooklyn, following several months of heavy agent recruitment. The startup brokerage inked a deal Monday to lease space at 514 Second Avenue in Park Slope, the firm said. [more]

  • Harlem’s Studio Museum to get new $122M space

    Building to be demolished to make way for 70K sf facility
    July 06, 2015 04:10PM
    Rendering of the planned Studio Museum at 144 West 125th Street in Harlem (credit: Adjaye Associates)

    Rendering of the planned Studio Museum at 144 West 125th Street in Harlem (credit: Adjaye Associates)

    The Studio Museum in Harlem is planning to replace its 1914 facility with a new, $122 million building, to begin construction in 2017. [more]

  • Sign up for TRD’s new real estate database

    Get listed in front of 2.1 million monthly visitors
    July 06, 2015 03:50PM

    Real Estate Pro Directory

    The Real Deal’s newly launched real estate professional database will make navigating the New York City market a breeze.

    The new directory is a searchable database featuring the city’s brokers, appraisers, mortgage bankers and other real estate professionals. It is powered by commercial mortgage brokerage Eastern Union Funding.

    Want your name on the list? Click here to submit your information and get found by 2.1 million monthly visitors.

  • Brunner buys Nolita rental buildings from Marolda for $31M

    Spring Street properties hold 33 apartments, three commercial spaces
    July 06, 2015 03:30PM By Rey Mashayekhi
    55 and 57 Spring Street in Nolita (credit: Google Maps)

    55 and 57 Spring Street in Nolita (credit: Google Maps)

    Brooklyn developer Joseph Brunner’s most recent deal took him to Manhattan, where he purchased two Nolita rental buildings for $31 million, according to property records filed with the city Monday.

    Brunner closed on 55 Spring Street and 57 Spring Street last month, acquiring the buildings from Marolda Properties for $15.5 million each. The five-story buildings, located between Lafayette and Mulberry streets, house a combined 33 residential units. [more]

  • Developers of 111 Murray secure $445M loan

    Work on 58-story Tribeca condo tower expected to begin this month
    July 06, 2015 03:05PM
    Rendering of 111 Murray Street (credit: KPF) (inset: Howard Lorber, Steven Witkoff and Winston Fisher)

    Rendering of 111 Murray Street (credit: KPF) (inset: Howard Lorber, Steven Witkoff and Winston Fisher)

    Fisher Brothers, Witkoff and Howard Lorber’s New Valley closed a $445 million construction loan to help fund their 111 Murray Street condo development in Tribeca. [more]

  • Chaim Miller closes on $138M purchase of Beekman Tower

    Silverstein sells after series of litigation and delays
    July 06, 2015 02:40PM By Claire Moses
    From left: The Beekman Tower at 3 Mitchell Place and Larry Silverstein and Marty Burger

    From left: The Beekman Tower at 3 Mitchell Place and Larry Silverstein and Marty Burger

    The $138 million sale of the Beekman Tower — a vacant, 170-unit Art Deco tower in Midtown East — has officially closed. [more]

  • AG repeals memo limiting FOIL requests for condo plans

    Agency changes tune two months later, saying "less restrictive means exist to ensure compliance"
    July 06, 2015 02:20PM By Will Parker
    Erica-Buckley-and-Plan

    From left: REF Bureau Chief Erica Buckley and a floor plan for 220 Central Park South

    The New York State Attorney General’s office repealed a previous measure limiting the disclosure of condominium offering plans last week, according to a new memo released by the agency on July 2.
    [more]

  • After the game: NBA stars shoot for wins in real estate

    Heat's Luol Deng, Knicks' Lou Amundson and others pick up investing tips at NYC symposium
    July 06, 2015 01:50PM By Konrad Putzier
    Carl Landry. Second photo, from left: Chris Copeland, Carl Landry, Zaza Pachulia, Reggie Williams, Luol Deng, Brian Roberts, Charlie Villanueva, Henry Sims, Lloyd Walton, Richard Jefferson, Don Peebles, Lou Amundson, unknown, Glen Davis, unknown.

    Carl Landry. Second photo, from left: Chris Copeland, Carl Landry, Zaza Pachulia, Reggie Williams, Luol Deng, Brian Roberts, Charlie Villanueva, Henry Sims, Lloyd Walton, Richard Jefferson, Don Peebles, Lou Amundson, unknown, Glen Davis, unknown.

    Luol Deng, a former refugee from war-torn South Sudan, is 30 years old and extremely rich. Over 11 years of playing professional basketball in the NBA, the 6-foot-9-inch-tall small forward has made close to $100 million in gross wages alone. It’s only natural that Deng spends a good deal of thought on what to do with all that money. Recently, much of that thinking has revolved around real estate. Click here for a story, slideshow and more.

  • Katie Holmes renting Chelsea pad for $25K a month

    Three-bedroom, 2,400 sf apartment features private deck, skyline views
    July 06, 2015 01:20PM
    201 West 17th Street in Chelsea (inset: Katie Holmes)

    201 West 17th Street in Chelsea (inset: Katie Holmes)

    Katie Holmes is back in Chelsea, where she’s renting a 2,400-square-foot apartment for $25,000 per month. [more]

  • Court shuts down plans for Willets Point mall

    Related, Sterling's project was slated for site designated for stadium use
    July 06, 2015 12:45PM
    Rendering of Willets West (credit: Queens Development Group)

    Rendering of Willets West (credit: Queens Development Group)

    A New York state appellate court halted plans by a group of developers, including public and private entities, to build a shopping mall and movie theater on a parking lot next to Citi Field. [more]

  • What’s hot on TRD Social right now

    The most buzzworthy posts on The Real Deal's Facebook page
    July 06, 2015 12:30PM

    1. Even dying in Manhattan is expensive
    2. Buyers at Witkoff’s 150 Charles flipping condos
    3. Ex-Knicks star Allan Houston asks $20M for Westchester home

    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]

  • Silvercup Studios plans 120K sf facility in the Bronx

    Port Morris site to be production company's third location in the city
    July 06, 2015 12:00PM
    From left: Stuart and Alan Suna and the Silvercup Studios sign in Queens

    From left: Stuart and Alan Suna and the Silvercup Studios sign in Queens

    Silvercup Studios is opening a 120,000-square-foot facility at 295 Locust Avenue in the Port Morris section of the Bronx. [more]

  • Rudin, Boston Properties back Navy Yard’s WeWork building

    Shared office space provider will anchor the 675K sf facility
    July 06, 2015 11:30AM
    Rendering of WeWork building in the Brooklyn Navy Yard (credit: S9 Architecture) (inset: Boston Properties CEO Owen Thomas, top, Rudin Management chair Bill Rudin, bottom (credit: STUDIO SCRIVO))

    Rendering of WeWork building in the Brooklyn Navy Yard (credit: S9 Architecture) (inset: Boston Properties CEO Owen Thomas, top, Rudin Management chair Bill Rudin, bottom (credit: STUDIO SCRIVO))

    Rudin Management and Boston Properties are the developers behind WeWork’s planned office building at the Brooklyn Navy Yard, the firms announced Monday. [more]

  • The week in luxury: A map of NYC’s priciest apartment sales

    An interactive look at where the biggest deals were struck, plus total overall sales and average prices for the week (click on numbers to see data)
    July 06, 2015 11:00AM

    CityRealty July 6

    Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales. Click here to see this week’s version.

  • Manhattan’s top agents benefit from fame, rising prices and personal branding

    Marketing the individual is "in" and firms are "out" when it comes to landing the priciest listings
    July 06, 2015 10:30AM By E.B. Solomont
    From left to right: (Top row) John Burger, Alexa Lambert, Paula Del Nunzio, Deborah Grubman, Fredrik Eklund and John Gomes (Bottom row) Carrie Chiang, Leonard Steinberg, Serena Boardman, Dolly Lenz and Raphael De Niro

    From left to right: (Top row) John Burger, Alexa Lambert, Paula Del Nunzio, Deborah Grubman, Fredrik Eklund and John Gomes
    (Bottom row) Carrie Chiang, Leonard Steinberg, Serena Boardman, Dolly Lenz and Raphael De Niro

    From the July issue: In the high-stakes world of Manhattan real estate, agents tend to fall into two camps — those brokering sales in glitzy new condo buildings and those dealing in resale units, including the trophy pads that trade for top dollar. [more]

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