The Real Deal New York

Category: Popular

  • DannyFishmanWest52nd

    From left: Danny Fishman and 416 West 52nd Street

    Gaia Real Estate’s latest condo project – at the former St. Vincent’s Midtown hospital building in Hell’s Kitchen – will have a total sellout of $232.4 million, according to a newly filed offering plan. [more]

  • Ajay Hargreaves

    From left: Ajay Yadav, Common’s Brad Hargreaves and a cartoon depicting co-living

    When Ajay Yadav first began telling landlords and brokers about his startup Roomi, a sort of Tinder for roommates, he was surprised by how many of them swiped left. [more]

  • Clockwise, from top left: Amir Korangy and Bill Rudin, Paul Massey and Bob Knakal, Ofer Yardeni and Chris Schlank, Elizabeth Stribling and Jay and Arlene Neveloff

    Clockwise, from top left: Amir Korangy and Bill Rudin, Paul Massey and Bob Knakal, Elizabeth Stribling and Jay and Arlene Neveloff, Ofer Yardeni and Chris Schlank

    The premise of “The Closing” interview is simple: each month, sit down with an individual who not only made it to the summit of the New York real estate industry, but through a combination of skill, grit, and chutzpah, shaped it. The interviews have endured because they are so personal: they go beyond the deals and reveal what makes the dealmaker tick.

    Now, nearly a decade after The Real Deal published its first Closing, we have compiled 100 of these interviews in our first book. And to celebrate the book launch, many of the names featured in its pages joined us at the Four Seasons Restaurant Tuesday.

    Click here for a full slideshow and recap of the event.

  • Citi Habitats buys

    October 07, 2015 11:06AM
    From left: Gary Malin, David Maundrell and Pamela Liebman

    From left: Gary Malin, David Maundrell and Pamela Liebman

    Citi Habitats, one of the largest residential brokerages in the city, has acquired Brooklyn-based firm

    The deal, announced Wednesday, will give the rental giant a long-sought foothold in Brooklyn, where has developed a deep roster of clients — and acted as a cheerleader for the borough — since 2002. founder David Maundrell will assume the new role of executive vice president and will lead new development deals in Brooklyn and Queens. [more]

  • Ruby-in-the-Ruff

    From left: Rubin, Eli and Avi Schron (credit: Agudath Israel)

    In January, Avi Schron did something his father Ruby never had.

    On behalf of Cammeby’s International, he filed plans to build a new 41-story tower in South Brooklyn, the first major solo ground-up development by the family firm in its nearly 50-year history.

    When New York real estate folk talk about “old-school investors,” they’re often picturing Rubin Schron. Starting Cammeby’s in 1967 with a handful of Bronx properties, he parlayed those modest holdings into an enviable portfolio that includes the Woolworth Building, Industry City and over 15,000 apartments. While many of his peers moved into development, Schron, who Bloomberg estimates is worth about $1.6 billion, stuck to what he knew: measured investment plays, long-term multifamily holds and shrewd partnerships on office and industrial properties.

    Though he remains a force even at the age of 78, his sons Avi and Eli are beginning to shape the future of Cammeby’s, pushing the company into ground-up projects and more audacious acquisitions.

    “When a family makes a big shift in perspective and appetite, it’s generally based on what the next generation wants to do,” an industry source who has worked with the Schrons said. [more]

  • lux

    From left: Greenwich Lane in the West Village, 56 Leonard Street in Tribeca, 432 Park Avenue in Midtown (Credit: DBOX)

    With dozens of luxury condo towers under construction, New York’s skyline is in flux. And so are developers’ finances. [more]

  • Donald Trump

    Donald Trump

    If you waded through the tech whiz kids, media moguls and billionaire hedge funders on the Forbes 400 list of America’s richest people, you may have spotted a few familiar faces (and one particularly bronzed face) from the New York real estate industry. Click here for a video featuring all of the city-based real estate players who made the list.

  • M. Booth NYC Office

    From left: 666 Third Avenue in Midtown, M. Booth’s Margi Booth and firm’s office at 300 Park Avenue South

    Public relations firm M. Booth & Associates is moving its headquarters to Midtown, with a new lease for 35,000 square feet at Tishman Speyer’s Chrysler East Building at 666 Third Avenue, The Real Deal has learned. [more]

  • Hudson Yards

    A rendering of Hudson Yards (inset: David Rozenholc and Rob Speyer)

    A pair of dogged, enterprising tenants – or system-exploiting jerks, depending on your point of view – won a massive settlement from Tishman Speyer for finally vacating their West Side pad. [more]

  • Noel Berk Mercedes

    From left: Noel Berk, Sven Odia and Christian Volkers

    International newcomer Engel & Völkers is expanding its footprint in the Manhattan residential market with the merger of boutique brokerage Mercedes/Berk. [more]

  • Ian Bruce Eichner and renderings of 45 east 22nd Street (credit: Williams New York)

    Ian Bruce Eichner and renderings of 45 east 22nd Street (credit: Williams New York)

    After launching sales in January, Ian Bruce Eichner’s Flatiron condo tower has hit the half-way mark, and the developer plans to put the first of two penthouses on the market in the spring for as much as $38 million. [more]

  • Hudson Yards

    Rendering of Related Cos.’ Hudson Yards (inset: Bruce Beal Jr.)

    Related Cos. acquired a McDonald’s on the far West Side of Manhattan, which — while not coming with fries and a drink – could pave the way for the developer’s latest Hudson Yards skyscrapers. [more]

  • 10 Montieth Street

    Rendering of 10 Montieth Street in Bushwick (credit: ODA)

    After reaching a median rent of more than $3,000, you might think Brooklyn’s soaring housing market is showing no sign of an impending slowdown. While it’s true that developers are still pushing further out into the borough to stake their futures on people who make crochet Wes Anderson murals, developers aren’t approaching the multifamily residential market with the same gusto as they did last year. [more]

  • 220_exterior

    Kenneth Griffin and 220 Central Park South

    Billionaire hedge fund manager Kenneth Griffin seems to have taste for tony homes. Over the last two years, the Citadel CEO has gone on a tremendous residential buying spree, setting records in three different cities. [more]

  • The opening day of NYC's first Chick-fil-A

    The opening day of NYC’s first Chick-fil-A

    Not even Michelin-starred restaurants get this much attention in NYC: the first Chick-fil-A in the city has opened and it’s ruffling feathers and drawing out devotees. [more]

  • Andrew Jarecki, Robert Durst and Douglas Durst

    From left: Andrew Jarecki, Robert Durst (credit: HBO) and Douglas Durst (credit: Adam Pincus)

    Andrew Jarecki, the co-creator of the HBO docu-series “The Jinx” on accused murderer Robert Durst, said that by refusing to cooperate with authorities and share crucial information about Kathleen McCormack’s disappearance, Douglas Durst and his late father Seymour Durst share some responsibility in failing to prevent the deaths of two other individuals.  [more]

  • How Gary Barnett made the Ring bling

    October 02, 2015 03:10PM
    Ring Portfolio NYC

    Gary Barnett (credit: STUDIO SCRIVO) has sold 10 Ring portfolio properties to buyers including Robert Gladstone (top left) and Jeffrey Feil (bottom right)

    TRD Friday Feature:When Gary Barnett finally won a 14-building portfolio of properties owned by brothers Frank and Michael Ring in late 2013 – after much maneuvering and legal wrangling – it was viewed as a coup for one of New York’s savviest dealmakers. [more]

  • From left: 1330 Sixth Avenue and Wang Jianlin

    From left: 1330 Sixth Avenue and Wang Jianlin

    UPDATED, Oct. 2, 11:10 a.m.: The Dalian Wanda Group, China’s largest commercial real estate developer, is closing its New York office by November 30 and will run its U.S. operations from Beijing. [more]

  • Joe Fresh NYC

    From left: 1049-1059 Madison Avenue, also known as 45 East 80th Street, on the Upper East Side and Joe Fresh storefront (inset: James Murphy)

    Ralph Sitt’s Status Capital bought a retail condominium unit at the base of a 27-story residential condo building on the Upper East Side for $48 million. [more]

  • From left: John Banks and Corey Johnson

    From left: John Banks and Corey Johnson

    The Real Estate Board of New York plans to file a pair of lawsuits Thursday afternoon challenging a law the city passed earlier this year limiting large Manhattan hotel owners from converting their buildings to apartments, according to sources familiar with the matter.  [more]