Big ideas in New York City’s real estate industry can either be short-lived or long-lasting concepts that set a new standard. This month, we surveyed top industry players to break down the latest influx of innovative concepts gaining steam in today’s market, from crowdfunding to condo-ing LED signs on buildings to using Google Glass to showcase properties. We take a look at the best of them in the cover story of our July issue, now available online.
We also unveil our annual ranking of Manhattan’s top residential agents. Douglas Elliman brokers Fredrik Eklund (of “Million Dollar Listing New York”) and John Gomes are on top with more than $500 million in listings and in-contract deals.
Next, we identify the riskiest development deals in Manhattan and look at how they compare to sales prices of nearby condominiums. The Real Deal reviewed over two dozen closed and in-contract property trades of $50 million and up from the last year.
“Bjarke Ingels’ NYC blitz” profiles the Danish architect who is taking the city by storm with four major projects in the works.
There’s a whole lot more in the issue, including stories about yesterday’s “it” towers squaring off against the new condos on the block, the Real Estate Board of New York’s search for Steven Spinola’s replacement and the Coney Island comeback. And in another profile, we go behind the scenes of super-broker Leonard Steinberg’s shocking move from Douglas Elliman to Urban Compass.
Finally, in our Closing interview, developer Yair Levy talks about being banned from selling condos and his early days spent cutting diamonds.
To access the issue, click here or go to the “Magazine” tab at the top of the website.
Happy reading! – Mark Maurer