The Real Deal New York

  • From the archives: Iron chefs forge favorable terms

    Builders offer concessions to attract boldface names
    July 05, 2015 01:00PM By Catherine Curan
    TRD WEEKEND EDITION
    Douglas Durst, 34 East 61st Street and Charlie Palmer

    Douglas Durst, 34 East 61st Street and Charlie Palmer

    When Douglas Durst decided he wanted a signature restaurant for the Bank of America tower at One Bryant Park, he homed in on a short list of six renowned Manhattan chefs. Among these was Charlie Palmer, who founded his restaurant empire in New York City with Aureole in 1988. Palmer said initially, he felt no urgency to move from Aureole’s brownstone at 34 East 61st Street, and had turned down other offers to do so.

    But after talking with Durst over dinner at the restaurant last summer, Palmer decided to hammer out a deal. His stature as a chef with a boldface name and a dedicated following allowed him to negotiate favorable terms, including reduced rent and a reconfigured space. Read the full article from the October 2007 issue after the jump.

  • It’s a wrap: this week’s celebrity home swaps

    July 05, 2015 12:00PM TRD WEEKEND EDITION
    Jennifer Lawrence, Michelle Williams, Joan Rivers and Marlon Brando

    Jennifer Lawrence, Michelle Williams, Joan Rivers and Marlon Brando

    From Luxury Listings NYC: A round up of all the deals, steals, and otherwise strange news that has happened this week involving celebs and their various homes. [more]

     

  • Police commander accussed of taking Rabbi Pinto bribes commits suicide

    Ephraim Bracha was a central figure in the corruption scandal involving Rabbi Yoshiyahu Pinto
    July 05, 2015 11:00AM TRD WEEKEND EDITION
    Ephraim Bracha and Rabbi Pinto

    Ephraim Bracha and Rabbi Pinto

    Ephraim Bracha, head of the Israel Police National Fraud Investigation Unit and a central figure in the corruption scandal involving Rabbi Yoshiyahu Pinto, committed suicide overnight Saturday. [more]

  • Tao Group plans new Bowery hotspot

    The new restaurant will occupy the former General space at 199 Bowery
    July 05, 2015 10:00AM TRD WEEKEND EDITION
    Tao

    Chris Santos and Tao Downtown

    Directly across the street from Aby Rosen’s conversion of the graffiti-covered building at 190 Bowery, the Tao Group is planning a new restaurant. [more]

  • Inside TheRealDeal
  • Even dying in Manhattan is expensive

    There are only two plots available to buy on the entire island of Manhattan
    July 05, 2015 09:00AM TRD WEEKEND EDITION
    Being buried doesn’t come cheap.

    Being buried doesn’t come cheap.

    From Luxury Listings NYC: Three hundred fifty thousand dollars might not get you a great apartment in Manhattan, but it can get you a sweet burial spot. Two plots have gone for sale at that price at the New York Marble Cemetery, on East 2nd Street between Second Avenue and the Bowery and they are the only plots available to buy on the entire island of Manhattan. [more]

     

  • Rich people are still shopping the old fashioned way

    That is to say, in bricks-and-mortar stores
    July 04, 2015 05:00PM TRD WEEKEND EDITION
    BergdorfMainImage

    It may look empty now, but swarms are coming!

    From Luxury Listings NYC: Retail brands are going to crazy lengths to reinvent the high-end shopping experience, but a study suggests that traditional luxury retail is safe–at least for now. According to a new study, rich people (surprise, surprise) prefer to shop in stores where they get treated like royalty as opposed to shopping online, which any pleb can do. [more]

  • Obama’s Martha’s Vineyard getaway hits the market

    The property is listed for $22.5 million
    July 04, 2015 03:00PM TRD WEEKEND EDITION
    Screen-Shot-2015-07-04-at-11.33

    the 7,000-square-foot Chilmark home

    The Martha’s Vineyard home once rented by the Obama family has hit the market asking $22.5 million. [more]

  • The 10 most expensive ZIP codes in America

    Guess which two NYC zip codes are in the top ten
    July 04, 2015 12:45PM By Business Insider
    TRD WEEKEND EDITION
    The most expensive zip codes in the U.S.

    The most expensive zip codes in the U.S.Saga

    The most expensive ZIP code in America isn’t in Silicon Valley. It’s in Sagaponack, the summer destination of Billy Joel and the Clinton family, among others. [more]

  • City’s construction boom results in record noise complaints

    Call NYC a victim of its own success
    July 04, 2015 10:30AM TRD WEEKEND EDITION

    mjs-standalone-hoan-13-p2-_mjs_-mjd_-fea
    The current construction boom is making life hell for thousands of city dwellers. The round-the-clock construction noise has led to record noise complaints. Call NYC a victim of its own success. [more]

  • Model Jacquelyn Jablonski picks up sexy Soho pad

    The Victoria Secret model is upgrading from a rental on Mercer Street
    July 04, 2015 09:00AM By Isabel Schwab
    TRD WEEKEND EDITION
    Jacquelyn Jablonski and 242 Lafayette Street

    Jacquelyn Jablonski and 242 Lafayette Street

    From Luxury Listings NYC: Residents in 242 Lafayette Street just got a welcome new neighbor:  Jacquelyn Jablonski, the high-fashion model, has purchased a two-bedroom apartment in the building for just under $1.9 million, according to public records first spotted by LLNYC. [more]

  • Storage closets, the ultimate status symbol: VIDEO

    Some storage units are going for $4,000 per square foot
    July 03, 2015 02:00PM TRD WEEKEND EDITION
    Screen-Shot-2015-06-30-at-12.19.51-PM

    Storage at 93 Worth

    From Luxury Listings NYC: Storage units in the Tribeca luxury apartment building, 93 Worth, are going for about $2,000 a square foot, which means that a four by eight storage cage sold for $65,000. [more]

  • #JustKidding, in 140 characters or less

    Comic relief — and commentary— fills the fake Twitter accounts of industry leaders
    July 03, 2015 01:00PM By Claire Moses

    Twitter-Parody

    From the July issue:  Gov. Andrew Cuomo’s announcement of a deal with legislators to extend the 421a tax abatement was greeted with this tweet from @LeonardLitwin: “So where’s the partay? Looking for an impromptu celebration. We will plan something grandiose after.” [more]

  • Piece of Paloma Picasso’s former SoFla estate changes hands

    Coconut Grove property was split in two 11 years ago
    July 03, 2015 12:00PM By Sean Stewart-Muniz
    The home at 3305 South Moorings Way, which takes up half of the former Paloma Picasso estate in Coconut Grove

    The home at 3305 South Moorings Way, which takes up half of the former Paloma Picasso estate in Coconut Grove

    From the South Florida website: A home on the former Paloma Picasso estate in Coconut Grove has just sold for $8.65 million, The Real Deal has learned. [more]

  • From “Dirty Dancing” to luxe yoga

    A billionaire is transforming a Catskills resort into a yoga center targeting the very rich
    July 03, 2015 11:00AM TRD WEEKEND EDITION
    Kutsher’s Country Club in all its glory.

    Kutsher’s Country Club in all its glory.

    From Luxury Listings NYC: An Indian billionaire has bought the resort in the Catskills that inspired “Dirty Dancing,” and has plans to turn it into a $250 million yoga center for rich people who need to get away from it all. [more]

  • In the Hamptons: Big rents, bigger personalities

    The colorful cast of Hamptons homeowners trying to rent their mansions for mega amounts this season, and how they've fared
    July 03, 2015 10:00AM By C.J. Hughes

    hamptons

    From the July issue: Celebrity doctors. Notorious lawyers. Philanthropists. Hedge funders. And, of course, real estate players. They are all among the East End homeowners looking to rent their Hamptons properties for astronomically high prices this year. [more]

  • Happy Fourth from The Real Deal!

    July 02, 2015 05:20PM

    4TH-July-Graphic

    The Real Deal wishes its readers a very happy July 4! We will be on a limited posting schedule tomorrow, and we’ll keep an eye out for breaking news. Our weekend edition will resume regular posting at 10 a.m. on Saturday, July 4. — TRD 

  • City pledges 1,200 affordable units in East NY in next two years

    Plan includes new 1,000-seat school in Brooklyn neighborhood
    July 02, 2015 05:05PM
    afdafsd

    From left: Residences in East New York and Bill de Blasio

    Mayor Bill de Blasio’s administration is pledging 1,200 new affordable apartments in East New York over the next two years, city officials said at a Brooklyn planning meeting Wednesday.

    The city’s pledge consists of affordable units built on public and private land and funded through city and state programs. More than three-quarters of the units will be rentals targeted toward families making no more than 60 percent of the area median income. [more]

  • Penthouse at Cabrini Medical conversion to ask $33M

    Sellout at Chetrit and Bistricer's Gramercy Square would net $754M
    July 02, 2015 04:50PM
    From left: Renderings of 215 East 19th Street and 225 East 19th Street (credit:  Woods Bagot) (inset: Joseph Chetrit)

    From left: Renderings of 215 East 19th Street and 225 East 19th Street (credit: Woods Bagot) (inset: Joseph Chetrit)

    Prices at Joseph Chetrit and David Bistricer’s residential conversion of the fomer Cabrini Medical Center in Gramercy Park have been revealed, with the project’s most expensive unit asking $33 million. [more]

  • “Million Dollar Listing” Season 4 finale: That’s all folks. Or is it?

    Luis achieves personal zen and Fredrik finds a godfather
    July 02, 2015 04:35PM By Kerry Barger
    Ryan Serhant and Luis D. Ortiz

    Ryan Serhant and Luis D. Ortiz

    A pinch of drama, a dash of dealmaking and a shed tear or two created the perfect recipe for last night’s “Million Dollar Listing New York” finale. After finishing the final chapter on a series of deals, our three heroes showed us that real estate isn’t quite the be-all and end-all of their existence. There are babies to be had, marriages to be consummated and pictures to be hung, after all. [more]

  • Stuart Elliot The Real Deal

    Stuart Elliot

    From the June issue: New York City developers are known for constructing tall buildings as a testament to their egos. But in the current skyline race, developers are going out of their way not to top one another.  This battle — or lack thereof — says a lot about the tensions raging between the civic interests and the growth of private wealth in New York City today. [more]

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