The Real Deal New York

Category: Popular

  • 15 West 96th Street

    15 West 96th Street on the Upper West Side

    Sackman Enterprises is embracing the idea that bigger is better at a development site on the Upper West Side.

    The developer, which previously disclosed plans to demolish two townhouses in order to construct a new residential building, filed plans for an expanded, 22-story building at 15 West 96th Street, according to Department of Buildings records. [more]

    1 Comment
  • Anthony Malkin, the Empire State Building and Andrew Penson

    Anthony Malkin, the Empire State Building and Andrew Penson

    Empire State Building investors fired off another suit against embattled managers Peter and Anthony Malkin claiming they were bilked out of profits in the building’s initial public offering. [more]

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  • Sant Singh Chatwal

    Sant Singh Chatwal

    Sant Singh Chatwal, the international hotelier and restaurateur who pleaded guilty to running a phony political fundraiser that gave money to several lawmakers, including Hillary Clinton, will not be going to prison.

    Chatwal, 70, was sentenced to three years of probation instead, the New York Times reported. In addition, Chatwal was fined $500,000 and has to perform 1,000 hours of community service. [more]

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  • From left: Nicholas Schorsch and Lisa McAlister

    From left: Nicholas Schorsch and Lisa McAlister

    American Realty Capital Properties’ former chief accounting officer claims in a new lawsuit that she was fired for blowing the whistle on accounting errors at the firm.

    Lisa McAlister claims in the suit, which was filed in New York state court in Manhattan, that she told then-chairman Nicholas Schorsh and David Kay, the chief executive officer at the time, about intentionally concealed mistakes in the books before she was fired, according to Bloomberg News. [more]

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  • From left: Jeff Sutton, the Crown Building and Sendeep Mathrani

    From left: Jeff Sutton, the Crown Building and Sendeep Mathrani

    Jeff Sutton and General Growth Properties are buying the Crown Building at Fifth Avenue and 57th Street for $1.75 billion, only a day after it hit the market. [more]

    10 Comments
  • 4-e-34

    From left: 4 East 34th Street, David Eyzenberg and Jon Epstein

    Leo Tsimmer’s Caerus Group just inked a contract to buy the six-story Zionist Organization of America building at 4 East 34th Street, The Real Deal has learned. Tsimmer, who was active in the prior real estate boom as a developer of projects such as Highline 519 in Chelsea, is expected to close on the sale of the building and additional development rights for between $70 million and $80 million, according to insiders. [more]

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  • 9-dekalb

    9 DeKalb Avenue in Downtown Brooklyn (inset: Jamie Dimon)

    JPMorgan Chase is putting the former Dime Savings Bank of New York in Downtown Brooklyn on the market for more than $100 million. [more]

    1 Comment
  • knakal-massey-hennessy-steir

    From left: Robert Knakal, Paul Massey, Peter Hennessy and Mitchell Steir

    Cushman & Wakefield’s acquisition of the local brokerage Massey Knakal Realty Services for a reported $100 million looks set to be the biggest shakeup in the local market this year. But it’s but by no means the only one. [more]

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  • 520-fifth-thor

    From left: Joseph Sitt, old rendering of 520 Fifth Avenue and current site

    Joseph Sitt’s Thor Equities filed its first plans for a tower slated to go up at 520 Fifth Avenue, showing it will rise 71 stories and 920 feet. [more]

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  • Hudson Yards rendering

    Hudson Yards rendering

    From the December issue: The Related Companies’ $20 billion Hudson Yards project has been called the biggest private real estate development in the nation’s history.  This month, The Real Deal looked at some of the data on construction at the project. [more] 

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  • 194,000 new reasons BuzzFeed hearts NYC

    December 18, 2014 08:35AM
    From left: 225 Park Avenue South and Jonah Peretti

    From left: 225 Park Avenue South and Jonah Peretti

    OMG! LOL! Win: BuzzFeed, the popular website known for its lists, quizzes and extensive use of GIFs, inked a lease at 225 Park Avenue South.
    [more]

    2 Comments
  • From left: Aaron Jungreis, 301 West 45th Street and Steven Vegh

    From left: Aaron Jungreis, 301 West 45th Street and Steven Vegh

    The Camelot, a 17-story rental building at 301 West 45th Street, has officially changed hands for the first time in 36 years, The Real Deal has learned. [more]

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  • 250-262-w-53

    250-262 West 53rd Street in Midtown (inset: Joseph Chetrit)

    Lawyers for the Cheetahs Gentlemen’s Club and Restaurant are set to face off in court to block its eviction by the outgoing owners of the Hotel Carter — a move that they allege is linked to Joseph Chetrit’s $190 million deal to acquire the property. [more]

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  • 170-bway

    Stanley Chera and 170 Broadway in Lower Manhattan

    The Premier Group acquired a Marriott Residence Inn at 170 Broadway in Lower Manhattan from the Carlyle Group, Crown Acquisitions and Highgate Hotels for $150 million.

    The 18-story property near Maiden Lane was recently converted into a 228-room hotel from an office building. The hotel is slated to open in January. The Bahrain-based buyer also owns the Four Seasons Hotel that is now under construction at 30 Park Place. [more]

    1 Comment
  • From left: Leonard Steinberg, 450 West 25th Street and Ben Shaoul

    From left: Leonard Steinberg, 450 West 25th Street and Ben Shaoul

    UPDATED, Dec. 17, 4:17 p.m.: Ben Shaoul’s conversion of a four-story multifamily building in West Chelsea into a modern townhouse has set a record north of 23rd Street, broker Leonard Steinberg claims. [more]

    5 Comments
  • From left: Miki Naftali and The Bergen in Boerum Hill

    From left: Miki Naftali and The Bergen in Boerum Hill, Brooklyn

    Miki Naftali’s Naftali Group sold the Bergen, an 84-unit luxury rental development in Boerum Hill, for $52.2 million. [more]

    1 Comment
  • From left: Chuck Schumer and Tom Coburn

    From left: Chuck Schumer and Tom Coburn

    The Terrorism Risk Insurance Act is currently set to expire on December 31, after the Senate was unable to pass an extension Tuesday night.

    The act provides a backstop for property insurers in case of a terrorist attack and is widely supported by the real estate industry. On Tuesday night, retiring Senatory Tom Coburn held up the passage of the bill — which would extend TRIA by six years — over a states’ rights issue unrelated to terrorism insurance. [more]

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  • From left: 315 Park Avenue South, Billy Macklowe (top), William Fung and 386 Park Avenue South

    From left: 315 Park Avenue South, Billy Macklowe (top), William Fung and 386 Park Avenue South

    Two prominent developers are in contract to sell a pair of Midtown South towers, one for almost $1,100 per square foot and one for roughly $770 per square foot. [more]

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  • Clockwise from left: the new Virgin hotel in NoMad, Josh Zegen and John Lam

    Clockwise from left: the new Virgin hotel in NoMad, Josh Zegen and John Lam

    Three massive towers in Long Island City, multiple residential buildings in Brooklyn and an affordable complex in the Bronx. Those are among the month’s biggest permit applications with the Department of Buildings. These projects and more after the jump.

    1 Comment
  • Top 10 development deals of 2014

    December 16, 2014 03:42PM
    From left: Ziel Feldman, Jerry Gottesman, Rob Speyer and Jeffrey Katz

    From left: Ziel Feldman, Jerry Gottesman, Rob Speyer and Jeffrey Katz

    Not all nine-figure deals are created equal. Sure, you can talk about how you closed on a development site for $100 million. You can even start bragging if you hit $250 million. But not when Ziel Feldman is in the room. [more]

    4 Comments
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