The Real Deal New York

Posts Tagged ‘new york observer’

  • 321 West 44th Street

    Real estate developer Jared Kushner has sold 321 West 44th Street, where his New York Observer newspaper is headquartered, in an off-market, $95 million transaction, the New York Post reported. Real estate investment firms East End Capital and GreenOak Real Estate purchased the 10-story, 228,268-square-foot building, located between Eighth and Ninth avenues. Darcy Stacom of CBRE handled the deal. … [more]

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  • 54 East 64th Street

    The Upper East Side townhouse Irish financier Derek Quinlan sold in December for $20 million is back on the market. According to the Wall Street Journal, the owner, whose identity remains shrouded in mystery, is seeking about the same amount for the 12,600-square-foot townhouse between Madison and Park Avenues, in a sale listed with CBRE Group. [more]

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  • Kushner in talks to buy LA Dodgers

    February 07, 2012 02:00PM

    Jared Kushner

    Jared Kushner, real estate magnate, Trump in-law and New York Observer owner, may add one more feather to his cap: owner of the Los Angeles Dodgers. At 31, Kushner would be the youngest owner of a major league baseball team, the Los Angeles Times reported.

    Kushner is reportedly working with UBS Vice Chairman Aryeh Bourkoff, an expert in investment banking in the media and technology sectors, on the possible deal. [more]

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  • Manhattan House debuts model units

    June 28, 2011 02:24PM

    Manhattan House unveiled its new model units at a party co-hosted by the New York Observer’s Hamptons magazine last night (see photos above). The event, at the Upper East Side condominium’s garden, showcased a preview of the model residences designed by James (Ford) Huniford and Celerie Kemble. The evening featured art, fragrances, and culinary fare. Huniford designed a three-bedroom, 3.5-bath, 3,196-square-foot floor-through residence at the building, at 200 East 66th Street, and Kemble designed a three-bedroom, three-bath, 2,240-square-foot corner residence. The Real Deal reported earlier this month that the building has sold more than 150 units and has about 140 rent-stabilized tenants, leaving more than 200 unsold units. A number of apartments are being combined into larger units. – Marc Becker

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    Jared Kushner

    For Jared Kushner, the 30-year-old owner of the New York Observer and 666 Fifth Avenue, 2011 will be a defining year, according to the New York Times. Personally, Kushner’s wife, Ivanka Trump, is pregnant and poised to give birth to his first son. Professionally, Kushner is working to modify the loans on the $1.8 billion purchase of 666 Fifth Avenue he and his company, Kushner Companies, made at the height of the bubble, and to ensure that the Observer remains relevant through its third editor-in-chief in two years. Kushner, the story notes, was born into real estate through his father Charles. He began making deals of his own as an undergraduate at Harvard University buying apartment buildings throughout Boston. … [more]

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    Ivanka Trump and Jared Kushner

    Ivanka Trump may have made headlines in the past for her show-stopping modeling career and lavish upbringing, but the Trump Organization executive vice president is focused today on making a name for herself in the real estate world, she said in a recent interview with Crain’s. The heiress and wife of fellow real estate scion Jared Kushner — who owns the New York Observer — said “real estate is still [her] primary focus,” despite a growing presence in the worlds of fashion and jewelry. She said her work in hotels is one of her proudest accomplishments. … [more]

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  • Lenz argues condo market unchanged

    December 11, 2009 12:35PM

    Once shunned in the down market, pricey condos could be making a comeback. Dolly Lenz, vice chairperson at Prudential Douglas Elliman, and Chloe Malle, a reporter with the New York Observer, debated the issue on CNBC. Lenz argued that buyers are looking at real estate as a long-term investment, but aren’t necessarily climbing over one another to make deals. “We’re seeing a few bidding wars, but that’s not really the norm,” Lenz said. “People are looking at ‘where do I want to live?’ [and] ‘where do I want to be five years from now?’” Malle, on the other hand, said that big financial salaries are ratcheting up condo sales again, even if the kinds of homes being sold differ from the boom years. “This year bonuses are projected to be tantamount to bonuses in 2007,” Malle said. Even so, she added, buyers are “looking for more sound investments.” Reports have surfaced that condo sales are picking up, despite seasonal trends that are typically unfavorable to the winter months.

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  • Buying over renting was a hot topic amongst real estate pros at a panel discussion yesterday, with sales brokers insisting that now is the time to buy. Stephen Kliegerman, executive director of development marketing at Halstead Property, said that locking in a 30-year fixed mortgage rate makes more sense than grappling with mutable rental rates over the coming decades. “The only way to control your lifestyle is to own,” Kliegerman said. He argued that renting a home is akin to putting money into an investment that never returns. “Why would you want to pay off your landlord’s mortgage instead of paying off your own mortgage?” Kliegerman spoke on a panel that was part of a residential real estate event Observer Living, hosted by the New York Observer in the Puck Building on Lafayette Street. … [more]

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  • Trump and Kushner tie the knot

    October 26, 2009 10:44AM

    Ivanka Trump, Jared Kushner, and 500 guests gathered at the Trump National Golf Club in Bedminster, NJ, yesterday for the merging of two massive New York real estate families. Ivanka Trump, the daughter of real estate mogul Donald Trump, and Jared Kushner, owner of the New York Observer and son of New Jersey real estate developer Charles Kushner, became engaged July 16 this year. The Kushner-Trump wedding drew such bigwigs as Andrew Cuomo, Sheldon Silver, Rudy Giuliani and Amir Korangy, publisher of The Real Deal. The bride, who said via Twitter that she went on a “gorgeous hike” prior to the nuptials, wore a lace-sleeved gown, reportedly inspired by Grace Kelly. The weekend marriage will be followed by another, reportedly twice as large, reception this Wednesday, after which the couple plans to honeymoon in Africa. [Post] and

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  • From the October issue: It’s the New York real estate marriage of the century: Later this
    month, Jared Kushner and Ivanka Trump are set to get married before 500
    guests in a ceremony at the Trump National Golf Club. Jared, the boy-wonder publisher who made a name for himself when he
    bought the New York Observer, is the son of Charles Kushner, founder of
    the multi-billion-dollar real estate empire Kushner Companies, where
    Jared is also an executive. Ivanka, of course, is the daughter of The
    Donald and a vice president at the Trump Organization. Industry folk think a union between the two is almost guaranteed to
    result in a real estate powerhouse. The question on some minds as the
    real estate golden boy and girl prepare to marry: What would a
    prenuptial agreement between the two look like?

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  • New York Observer moves uptown

    September 22, 2009 02:59PM

    The New York Observer is moving its offices to Midtown South at 321
    West 44th Street between Eighth and Ninth avenues. Jared Kushner,
    Ivanka Trump bridegroom and the paper’s owner, has tapped Newmark
    Knight Frank agent David Falk to represent the Observer’s remaining
    lease at 915 Broadway between 20th and 21st streets, which expires July 2014. Both the old and new
    spaces are each approximately 13,000 square feet. The media outfit will be moving in the first half of 2010. … [more]

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  • alternate textFrom left to right: Barack Obama, Mort Zuckerman, Amir Korangy and Darcy Stacom made the New York Observer Power 100 list.

    The Real Deal’s Amir Korangy made the New York Observer’s Power
    100 list of the most powerful people in New York real estate, released today. President
    Barack Obama ranks first on the list, which includes politicians,
    developers and brokers, followed by Stephen Ross, CEO of the Related
    Companies, and Mort Zuckerman, chairman and CEO of Boston Properties.
    Twelve women made the list, including Corcoran Group CEO Pamela
    Liebman
    , Elliman CEO Dottie Herman and CB Richard Ellis Vice Chairman
    Darcy Stacom. The Observer also held a poll inviting readers to vote
    for the most powerful people in New York real estate, and The Real Deal’s Web editor, Lauren Elkies, was named the city’s most powerful real estate blogger. … [more]

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  • Developer Kent Swig has reached a settlement with condo owners at Sheffield57. Swig has agreed to pay the common charges he owes the board of managers of the 322 West 57th Street project, according to legal documents examined by the New York Observer. As The Real Deal first reported, two Sheffield owners filed a complaint in early May alleging that Swig owed $5.4 million in unpaid common charges. If the developer sells off any of the remaining condos or modify the mortgages, the buyer or lender will have to repay the unpaid charges. … [more]

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  • According to the Post, Phoenix Constructors was not aware that the Port
    Authority of New York and New Jersey was going to dump the firm as the
    main contractor on the World Trade Center transportation hub. Sources
    said Phoenix  — a joint venture of Fluor Enterprises, Skanska USA
    Civil Northeast, Granite Construction and Bovis Lend Lease — expected
    to stay on the job since it just signed a lease for 55,000 square feet
    at 100 Broadway and the Port Authority was its only client. The PA is
    now managing the project itself, and will bid out work to individual
    contractors, which Phoenix will be allowed to apply for. Christopher
    Ward, the PA’s executive director, said it made the change to take
    advantage of falling construction prices, although sources said the
    PA’s relationship with Phoenix has been unstable for years. The New York Observer reported the split between Phoenix and the PA last week. … [more]

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  • Kushner buys at 21 Astor Place

    April 22, 2009 11:28AM

    New York Observer owner Jared Kushner, son of real estate developer Charles Kushner, has paid $3.225 million for a two-bedroom condominium at 21 Astor Place. The duplex condo loft also has a home office and two and a half baths. Coldplay guitarist Jonny Buckland also owns a unit in the building, which is between Broadway and Lafayette Street. … [more]

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  • The Real Deal held its holiday party last night at the Sicis Art Factory, at 470 Broome Street in Soho. More than 1,000 real estate professionals filled the four-floor showroom packed with mosaic designs covering entire walls in flower and animal patterns, hanging tile displays that looked like flying carpets and mannequins dressed in armor. Attendees included Bob Knakal and Paul Massey, co-founders of Massey Knakal; Jonathan Miller, president and CEO of Miller Samuel; Michael Shvo, founder of the Shvo Group; Steven Siegel, chairman of global brokerage at CB Richard Ellis; and Tamir Shemesh, managing director of Prudential Douglas Elliman. While touring the floors of art and drinking champagne and sampling hors d’oeuvres, many of the real estate pros at the party talked about the state of the market and what they are up to. Here’s a sampling: … [more]

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