The Real Deal New York

Category: Popular

  • Moma-Tower-Front

    From left: Jean Nouvel, 53 West 53rd Street rendering and floor plans

    Floor plans for the Jean Nouvel-designed MoMa tower planned for Midtown reveal that the largest penthouse will be nearly 19 times the size of the smallest staff apartment. Developer Hines disclosed those figures in an application filed last month to sell condominium units at the 1,050-foot skyscraper. Click here for a slideshow and more.

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  • hudson-yards

    462-470 11th Avenue renderings

    Plans have been filed with the Department of Buildings for a 47-story condo-hotel tower in Hudson Yards.

    New York City-based Chinese private equity firm Kuafu Properties, Siras Development and BlackHouse Development chief Sean Ludwick partnered in June on the project at 462-470 11th Avenue, near West 38th Street, according to documents obtained by The Real Deal. A spokesperson for Siras, led by former BlackHouse partners Saif Sumaida and Ashwin Verma, said last week that Ludwick is no longer a development partner. Ludwick, however, denied this. Documents show him as a partner. [more]

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  • From left: Nora Ariffin and Christopher Kromer

    From left: Nora Ariffin and Christopher Kromer

    From the September issue: Halstead Property’s Christopher Kromer and Nora Ariffin said they brokered more than 65 deals last year — all of them ending with a request for “best and final” offers from competing buyers.

    This year, roughly half their sales are “best and finals,” said Kromer. “There is more available inventory, so buyers are having more choices, and sellers are having to be more competitive.” [more]

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  • Investor group to buy Cassidy Turley

    September 22, 2014 08:30AM
    Cassidy Turley CEO Joe Stettinius

    Cassidy Turley CEO Joe Stettinius

    A group of investors — including private-equity firm TPG — is reportedly buying commercial brokerage Cassidy Turley.

    The deal could be announced Monday, according to the Wall Street Journal. Cassidy Turley has more than 60 offices across the country. Investment management firm PAG Asia Capital and Ontario Teachers Pension Plan are also part of the group that is planning to buy Cassidy Turley, the Journal reported. [more]

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  • Brandon Trenthem of Town Residential and Jason HAber of Warburg

    Brandon Trenthem of Town Residential and Jason Haber of Warburg

    New York City brokers can’t afford to judge a book by its cover. But with buyers coming in from all parts of world, brokers are struggling to distinguish billionaire tech moguls from average Joes.

    “These days, if it seems too good to be true, usually it is,” Jason Haber of Warburg Realty told the New York Daily News. “You’re not John Spano [the con man who closed a deal to purchase the New York Islanders in the 1990s]. You can’t buy something if you have no money.” [more]

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  • Kiev has the worst property market of any major city

    Kiev has the worst property market of any major city

    Overall, property prices around the world continue to rise. However, some countries aren’t doing so well. Even the once-hot Chinese housing market has been seeing prices tumble for months. [more]

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  • Donald Trump and the Trump Taj Mahal

    Donald Trump and the Trump Taj Mahal

    The Trump Plaza and the Trump Taj Mahal may be closed, but the Donald isn’t through gambling. Donald Trump says he’s going to take a serious look at returning to struggling Atlantic CIty. [more]

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  • Ronald Perelman and 27 East 62nd Street (Credit: PropertyShark)

    Ronald Perelman and 27 East 62nd Street (Credit: PropertyShark)

    Billionaire Ronald Perelman’s MacAndrews and Forbes Holdings just paid $120 million for a rental building in Lenox Hill, according to property records filed with the city today. [more]

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  • From left: Billy Macklowe and 110 University Place, Manhattan

    From left: Billy Macklowe and 110 University Place, Manhattan

    Billy Macklowe, the developer who bought the location of the now-shuttered Bowlmor Lanes on University Place, is planning to build a 23-story residential development at the location. [more]

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  • From left: Jay Neveloff and Steven Spinola

    From left: Jay Neveloff and Steven Spinola

    Condominium developers scored a major coup last night, as the United States Senate voted unanimously to pass a bill that exempts condos from filing and registration requirements mandated by the Interstate Land Sales Full Disclosure Act, commonly referred to as ILSA. [more]

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  • 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]

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  • 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]

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  • From left: Santa Clara, Calif. and William Witte

    From left: Santa Clara, Calif. and William Witte

    California, here we come.

    New York-based Related Companies — one of the biggest developers in both the city and the country — is planning a $6.5 billion project in Santa Clara, Calif. Related’s proposal — 8 million square feet of offices, retail space, hotels and apartments — will have to go through an environmental review, the Wall Street Journal reported. [more]

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  • Radegast Hall at 113 North 3rd Street

    Radegast Hall at 113 North 3rd Street

    Joel Schreiber’s Waterbridge Capital is in contract to lay out $100 million to buy multiple properties on North Third Street, including the buildings that house the popular beer garden Radegast Hall and brunch hotspot Egg, The Real Deal has learned. The investment firm will pay nearly $1,000 per square foot for the properties, its boldest bet yet on one of the city’s hippest neighborhoods. [more]

    10 Comments
  • Lender to put Trump Soho Hotel up for sale

    September 16, 2014 03:05PM
    From left: the Trump Soho Hotel and Donald Trump

    From left: the Trump Soho Hotel and Donald Trump

    The Trump Soho is reportedly being sold.

    CIM Group, one of the lenders to the upscale condominium-hotel, is foreclosing on the property and plans to auction it off, the Wall Street Journal reported. CIM Group holds a junior loan on the property and has taken control of the building through a foreclosure process. CIM Group hired commercial brokerage Eastdil Secured to market the property. [more]

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  • Extell's development site at 429 West 36th Street

    Extell’s development site at 429 West 36th Street

    Gary Barnett’s Extell Development Corp. is looking to buy at least $30 million worth of air rights from the Port Authority of New York & New Jersey for a residential development site it owns in the Hudson Yards neighborhood, according to agency documents.

    Extell owns three properties between Ninth and 10th Avenues on the far West Side running block-through from 36th to 37th streets along Dyer Avenue, the sunken roadway that snakes from the Lincoln Tunnel to 30th Street. Extell’s site is surrounded by a number of hotel and residential developments in the booming neighborhood just north of the Related Companies’ and Brookfield Office Properties’ large, mixed-use projects. [more]

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  • chrystie

    From left: Interior and exterior of 215 Chrystie Street on the Lower East Side (Inset: Ian Schrager, courtesy of SCRIVO)

    Condominiums at veteran hotelier Ian Schrager’s upcoming Public hotel on the Lower East Side are poised to break a sales record for the neighborhood, The Real Deal has learned. [more]

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  • From left: SL Green's Marc Holliday, 50 West 47th Street and Gary Barnett

    From left: SL Green’s Marc Holliday, 50 West 47th Street and Extell’s Gary Barnett

    Real estate investment trust SL Green Realty has acquired the upper floors of Extell Development’s International Gem Tower. Those floors have failed to attract tenants since hitting the market. [more]

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  • New York City's hippodrome, located on Sixth Avenue between West 43rd and West 44th streets was demolished in 1939.

    New York City’s hippodrome, located on Sixth Avenue between 43rd and 44th streets was demolished in 1939.

    New York City is constantly being rebuilt.

    In the 19th and 20th centuries, dozens of beautiful old buildings were demolished to make way for new development. It wasn’t until 1966, with the passage of the National Historic Preservation Act, that historic buildings could be protected by federal law. [more]

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  • united

    Geoffrey Newman and 287 Park Avenue South

    Chinese development firm Cheerland Investments paid $128 million for the United Charities Building at 287 Park Avenue South.

    The 93,300-square-foot office property, one of the last Charity Row holdouts along a stretch of Park Avenue South that has gone residential, hit the market in March. [more]

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