The Real Deal New York

Category: Top Firms

  • An apartment at the Time Warner Center

    From the May issue: Über-high-end firms dominated the ranks of Manhattan’s top boutique brokerages this year as prices soared in the luxury market — even as firms competed for a shrinking number of available listings. With last year’s top boutique firm, CORE, now categorized as a mid-size company on The Real Deal’s annual ranking, Upper East Side brokerage Leslie J. Garfield regained its long-time berth as the No. 1 boutique firm. [more]

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  • From the May issue: With a scarce number of sellers in the market, New York City residential brokers have — unintentionally — found themselves taking on substantially more buyers as clients. [more]

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  • From the May issue: The stock market is soaring. Unemployment is falling. And consumers seem newly confident. But at least one major obstacle is preventing a surge in residential sales in New York City: Even if buyers want to purchase homes, there aren’t many to choose from. In fact, the current inventory crunch, the worst in recent memory, has become the defining feature of New York’s residential market.

    At the end of the first quarter, there were just 4,960 co-ops and condos in Manhattan for sale — a stunning 34 percent decrease from 7,560 in the same period of last year, according to data from Douglas Elliman. [more]

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  • From left: Jennifer Johnsen of MNS, Ari Harkov of Halstead and a photo of the Edge and Northside Piers

    The wave of Williamsburg’s new development inventory has slowed to a small swell, with many boom-time projects finally selling out after years of fitful sales — and relatively few newly built condominiums coming online. As a result, neighborhood brokers who cut their teeth working at on-site sales offices are struggling to learn the business of resales and to build up a roster of clients, sources said. [more]

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  • Click to enlarge

    From the May issue: While the Corcoran Group — Manhattan’s second-largest residential brokerage — may have seen its listing count drop in the last year, it led the borough in overall residential sales, according to a first-ever ranking of closed transactions by The Real Deal.

    Indeed, the firm beat its rivals through its strong grip on the under-$5 million market, according to a TRD analysis of StreetEasy data, which looked at 2012 closed seller-side sales of $1 million or greater. [more]

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  • From the May issue: Against the backdrop of Manhattan’s severe inventory shortage, the borough’s largest firms are working to leverage a new crop of condos and high prices in the luxury sector.

    Nearly all of Manhattan’s 12 largest firms have far fewer exclusive listings than they did at this time last year, according to The Real Deal’s annual ranking of the borough’s top residential firms, which reviewed a snapshot of data pulled from Online Residential in mid-March. At nearly all of the companies included in the ranking, the average number of listings per agent dropped year-over-year, according to TRD’s research, while the number of agents with zero listings rose at most all firms too. [more]

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  • Cushman & Wakefield’s Bruce Mosler and Brookfield’s Jeremiah Larkin at the Manhattan West construction site

    From the May issue: Only a few times in modern Manhattan history has an entirely new office district sprung up all at once. In the 1930s, there was Rockefeller Center; the 1970s saw the World Trade Center complex; and today, developers are planning nearly 15 million square feet of new office space in the Hudson Yards area in the 30s on the Far West Side.

    The new projects expected to rise over the next decade include the Related Companies’ North and South towers at Hudson Yards, Extell Development’s One Hudson Yards, Brookfield Office Properties’ Manhattan West and Moinian’s 3 Hudson Boulevard. [more]

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  • From left: Peggy Aguayo, Halstead President Diane Ramirez and Haus 96

    Halstead Property has acquired the assets of Aguayo Real Estate Group, a boutique Brooklyn brokerage and development firm, bringing the company’s presence in the borough up to five offices.

    Peggy Aguayo, a founder of the eponymous firm, will join Halstead as an associate broker and executive vice president, and her son, Brendan Aguayo, will join the firm’s new development arm, Halstead Property Development Marketing, as a senior vice president, Halstead said in a statement today. [more]

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  • Citi Habitats president Gary Malin

    From the February issue: Tongues wagged in the industry last month when Gordon Golub, a top executive and 18-year veteran at residential real estate brokerage Citi Habitats, left the firm for the tech start-up Urban Compass. His departure is the latest in a series of significant changes at Citi Habitats, one of Manhattan’s largest firms and its most dominant rental company. Citi’s head of new development marketing, Clifford Finn, left for Douglas Elliman this fall, and his division was moved over to Corcoran Sunshine, the new development arm of the Corcoran Group, which acquired Citi Habitats in 2004. [more]

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  • From left: Adelaide Polsinelli, senior director at Eastern Consolidated, 14 Wall Street, 530 Park Avenue and managing principal with Citicore Timour Shafran

    The dust has settled following the mid-year “league table” season, with Midtown-based investment bank and brokerage Eastdil Secured taking the top slot, ahead of its chief rival, CBRE Group, for local and national sales during the first half of 2012. Yet behind the simple and sparse rankings by data firms and trade publications —The Real Deal, among them — there was a flurry of phone calls and emails among brokerages, principals and those creating the rankings to challenge and sort out who received credit on which deals. [more]

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