Go to any real estate event or panel discussion over the past year and the topic is sure to come up: millennials. Who are they? What do they want? And how are they transforming the city’s real estate industry?
The Real Deal was determined to find out, and our June issue features a deep dive into how the “selfie” generation is changing the way entire sectors of the real estate business are targeting consumers.
June also means summer is all but here. And summer, in New York real estate, can mean only one thing: the Hamptons. We break down the East End town-by-town and take a look at the record deals, the price chops and the latest restaurants and nightclubs to hit the scene.
Elsewhere, there’s a look at how the city’s hotel industry is dealing with a lodging market that many say is softening, and an exclusive interview with Nest Seekers International broker and “Million Dollar Listing New York” star Ryan Serhant.
We also examine JDS Development Group head Michael Stern’s latest moves – and how he hasn’t let a cooling luxury residential market stop him from taking some of the biggest bets of his career. And we profile broker-turned-investor Raphael Toledano, a colorful character who went from high school dropout to one of the East Village’s biggest landlords.
Finally, in the Closing interview, Madison Equities’ Robert Gladstone dishes on seeing the Beatles live in Forest Hills in 1964, beating throat cancer twice and how hubris is a developer’s worst enemy.
To read the June issue of The Real Deal, click here or on the “Magazine” tab on the top left of the homepage. Enjoy! – Rey Mashayekhi