The Real Deal New York

Posts Tagged ‘Property Markets Group’

  • From left: Interiors and exterior of 425 West 50th Street

    From left: Interiors and exterior of 425 West 50th Street

    Development firms JDS Development and Property Markets Group plan to bring their Stella Tower luxury condominium conversion to market this month. [more]

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  • 111-w-57

    Renderings of 111 West 57th Street

    JDS Development and Property Markets Group have unveiled new renderings for the 1,350-foot hotel-and-condominium tower at 111 West 57th Street. [more]

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  • Robert Gladstone, 10 Sullivan Street and Kevin Maloney of PMG

    From left: Madison Equities head Robert Gladstone, 10 Sullivan Street and Kevin Maloney of PMG

    WEEKENDEDITION Property Markets Group and Madison Equities have received $95 million in financing to build the luxury condominium planned for 10 Sullivan Street in Soho. [more]

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  • From left: Michael Stern and Kevin Maloney

    From left: Michael Stern and Kevin Maloney

    Over the past few years, high-profile developers Kevin Maloney and Michael Stern have worked together on several very successful projects. Currently, the pair is behind what’s slated to become one of the tallest residential towers in the city — an ultra-skinny, 1,350-foot hotel and condominium tower at 111 West 57th Street next to the Steinway Building. But behind the scenes, it appears tensions have been rising between the principals of JDS Development and Property Markets Group. [more]

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  • From left: Michael Stern and Kevin Maloney

    From left: Michael Stern and Kevin Maloney

    Michael Stern’s JDS Development and Kevin Maloney’s Property Markets Group have begun construction at the ultra skinny 1,350-foot hotel and condominium tower in Midtown, slated to be the city’s tallest residential tower if all goes as planned.

    The 60-foot-wide SHoP Architects-designed structure, slated to rise at 111 West 57th Street (previously reported as 107 West 57th Street), will stand 100 feet taller than the Empire State Building and is partially situated on a landmarked site. [more]

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  • Suddenly, developers flocking to Gowanus

    February 06, 2014 12:25PM
    Lightstone CEO David Lichtenstein and a rendering of the Gowanus project at

    Lightstone CEO David Lichtenstein and a rendering of the project at 363-365 Bond Street in Gowanus

    The smelly waters of the Gowanus canal aren’t keeping developers from sniffing out the area’s opportunity. Big-name developers such as the Lightstone Group and Sterling Equities are bringing rental and condo buildings to Gowanus, and investors predict an increase in development activity in the coming years. [more]

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  • Rendering of 23-10 Queens Plaza South

    Rendering of 23-10 Queens Plaza South

    UPDATED, 3:33 p.m., Jan. 22: Property Markets Group unveiled renderings today for their 44-floor 23-10 Queens Plaza South development in the burgeoning Long Island City neighborhood.

    The finished product is be a 44-story tower that includes parking spaces, ground-floor retail and two floors of loft office space, according to PMG’s website. The residential portion will have a total of 391 units, a spokesperson for PMG told The Real Deal. [more]

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  • one57-view-fbox

    The view from One57

    Extell Development reportedly typically forbids buyers from flipping contracts before closing and from trying to sell units until a year after purchase. But it seems that the developer has loosened the restrictions at One57.

    Last week, Tao Liu of Shanghai listed a one-bedroom condominium at the building, as The Real Deal first reported. He paid $3.56 million for the unit in April 2012, but listed it for $6 million, or about $5,700 per square foot. [more]

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  • From left:

    From left: PMG’s Kevin Maloney, JDS’s Michael Stern and a rendering of the 57th Street tower

    From the December issue: In the course of reviewing architecture in New York City and elsewhere, I find that most buildings inspire in me either appreciation of their beauty, anger at their ugliness, or indifference to their banality. But the new condo tower planned on 57th Street between Sixth and Seventh avenues inspires something very different in me: fear. [more]

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  • Robert Gladstone, 10 Sullivan Street and Kevin Maloney of PMG

    Robert Gladstone, 10 Sullivan Street and Kevin Maloney of PMG

    Madison Equities and Property Markets Group have won unanimous approval from the city Board of Standards & Appeals for their design of a planned residential condominium project in Soho. [more]

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  • Jared Kushner, Kevin Maloney and 50 North 1st Street

    Jared Kushner, Kevin Maloney and 50 North 1st Street

    Kushner Companies, the Midtown-based investment and development company headed by real estate wunderkind Jared Kushner, has racked up another significant acquisition, this time in Williamsburg. [more]

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  • stella-tower

    Rendering of 435 West 50th Street (Inset: From left, Property Markets Group’s Kevin Maloney and JDS Development’s Michael Stern)

    Condominiums at 435 West 50th Street, the Verizon building conversion in Hell’s Kitchen by JDS Development and Property Markets Group, will ask between $1.5 million to more than $9 million. [more]

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  • 550 West 45th Street

    Gotham West at 550 West 45th Street in Hell’s Kitchen

    WEEKENDEDITION Hudson Yards may be rocketing skyward on the West Side of Manhattan, but Hell’s Kitchen is also seeing a slower, more deliberate boom. [more]

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  • ariel-property-advisors

    Shimon Shkury and 202 8th Street in Gowanus

    Institutional sales drove big gains in the New York City multi-family market in September, as the dollar volume of transactions climbed 71 percent year-over-year, according to a monthly report from Ariel Property Advisors.

    There were 53 deals comprised of 110 buildings totaling about $657 million in September. The number of deals rose a mere 6 percent from 50 sales in September 2012, but the total value nearly doubled from $384.6 million. [more]

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  • Michael Stern (inset), a rendering of 107 West 57th Street (Credit: SHoP Architects). and Kevin Maloney (inset)

    Michael Stern (inset), a rendering of 107 West 57th Street (Credit: SHoP Architects) and Kevin Maloney (inset)

    Michael Stern’s JDS Development and Property Markets Group are planning a skinny skyscraper condominium on West 57th Street which will be 100 feet taller than the Empire State Building and even soar over Gary Barnett’s One57.

    The joint venture submitted plans last month to the city’s Landmarks Preservation Commission that call for a roughly 1,350-foot building that, akin to a series of steps, sets back from the street as it rises higher, according to the Wall Street Journal. It is still unclear if the venture has obtained financing for the project, to be located at 107 West 57th Street. [more]

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  • From left: Bob Knakal, 202 8th Street and Michael Stern

    From left: Bob Knakal, a rendering of 202 8th Street and Michael Stern

    JDS Development and Property Markets Group have sold 202 8th Street to Werber Management for $37.75 million, after nearly fully leasing out the luxury Gowanus rental building. [more]

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  • alternate<br /></a>text
    A screenshot of the panel

    TRD’s spring panel in Aventura, Fla., sprung a lively conversation among South Florida’s top developers about the humming state of the market and lingering concerns from the last bust. We were lucky enough to bring onstage Carlos Rosso of the Related Group; developer Avra Jain; Gil Dezer of Dezer Development; Kevin Maloney of New York-based Property Markets Group and Eric Trump of Trump Development. Click here to see the video and more.

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  • 202 8th Street roof deck

    202 8th Street roof deck

    Amenity spaces at 202 8th Street — the Gowanus rental project, developed by JDS Development and Property Markets Group, that recently began leasing — have been completed, and The Real Deal has a first look at them. [more]

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  • A rendering of the planned tower at Sixth Avenu and Broome Street (credit: DNAinfo)

    A rendering of the planned tower at Sixth Avenue and Broome Street (credit: DNAinfo)

    Madison Equities and Property Markets Group are seeking a variance to build an 18-story condominium building on a former car wash plot in Soho, DNAinfo reported. [more]

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  • Cover of South Florida Market Report

    The May issue of The Real Deal includes a free copy of the South Florida Market Report, which provides a behind-the-scenes look at the most important real estate markets in the Sunshine State. Inside you’ll find out who the top condominium developers are in South Florida, as well as the latest on commercial, residential and retail markets. And don’t miss our one-on-ones with Kevin Maloney of the Manhattan-based Property Markets Group and Vanessa Grout, who heads up Douglas Elliman’s South Florida operation. Finally, get up close with the Related Companies’ man in South Florida, Jorge Pérez, and find out his takeaway from the housing crisis.

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