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The Real Deal New York

Posts Tagged ‘town residential’

  • 113-117 Elizabeth Street, Joe Messina (top) and Stephen Ferrara

    113-117 Elizabeth Street, Joe Messina (top) and Stephen Ferrara

    Multifamily investor AD Real Estate bought a trio of walk-ups in Nolita today for $26 million after making an aggressive offer to sellers Kalikow Group and its partner, Joel Schreiber’s Waterbridge Capital, which paid about half that price when they bought the buildings three years ago, The Real Deal has learned. [more]

    7 Comments
  • Andrew Heiberger Antonio Del Rosario

    From left: Andrew Heiberger and Antonio del Rosario

    A longtime Citi Habitats team led by Antonio del Rosario and Jack Elliot Heard decamped to Town Residential.

    The J + A Equities team, which includes del Rosario, Heard and five others, is joining Town’s Greenwich Village office under sales and leasing manager Julia Miller. [more]

    21 Comments
  • From left: Wendy Maitland,  Karen Gastiaburo, Dorothy Sexton and Andrew Heiberger

    From left: Wendy Maitland, Karen Gastiaburo, Dorothy Sexton and Andrew Heiberger

    Town Residential hired two industry veterans from Warburg Realty and Macklowe Properties to lead its sales teams in the Financial District and on the East Side. [more]

    2 Comments
  • Jeffery Appel and the Everbank offices at 780 Third Avenue

    Jeffery Appel and the Everbank offices at 780 Third Avenue

    Jeffrey Appel, who acted as the face of Town Residential during CEO Andrew Heiberger’s hiatus, has joined EverBank, a Jacksonville, Fla.-based financial services firm. [more]

    2 Comments
  • From left: Wendy Maitland, Edgardo Defortuna and Andrew Heiberger

    From left: Wendy Maitland, Edgardo Defortuna and Andrew Heiberger

    UPDATED, 6:05 p.m., Feb. 11: Town Residential is heading south this winter, in a new partnership with Miami-based Fortune International Group, a brokerage and development firm that sold $4 billion worth of real estate last year. [more]

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  • 2014-top-stories

    From left: Menachem Stark (credit: Eli Wohl), High Line’s spur section, One World Trade Center and Gary Barnett (credit: STUDIO SCRIVO)

    It was a tumultuous year in the real estate sector in New York in 2014 – in other words, business as usual. The stories that dominated the headlines varied wildly, from a flood of overseas investment to the completion of several long-anticipated developments to the murder of a Brooklyn landlord. [more]

    2 Comments
  • Town reports $1.9B in 2014 business

    December 30, 2014 04:00PM
    From left: Andrew Heiberger and Joseph Sitt

    From left: Andrew Heiberger and Joseph Sitt

    Despite behind-the-scenes drama, Town Residential turned in a solid financial performance in 2014.

    According to numbers provided by Town, the brokerage generated $1.86 billion in total sales and leasing volume, representing a 15.6 percent increase over 2013. In all, the firm closed 1,148 sales with an average price of $1.6 million, and it completed 3,775 leases with an average rent of $4,499. [more]

    2 Comments
  • The Real Deal‘s hottest stories of 2014

    December 30, 2014 12:48PM
    2014-collage

    Top from left: 834 Fifth Avenue, Jared Kushner, 432 Park Avenue and WeWork’s Miguel McKelvey and Adam Neumann. Middle from left: Fredrik Eklund and John Gomes, One World Trade Center, Bob Knakal and Paul Massey and Durst’s West 57th Street project. Bottom from left: The Ritz-Carlton at Battery Park City, Andrew Heiberger and Joe Sitt, 520 Park Avenue and Gary Barnett.

    As the year winds down to a close, The Real Deal looks back on the big deals, attention-grabbing broker moves and record numbers that made 2014 one for the books. [more]

    1 Comment
  • Real estate’s juiciest lawsuits of 2014

    December 16, 2014 08:30AM
    Clockwise from top left: Nicole Oge, Robert Gladstone, Dottie Herman, a spy cam, Neil Binder, Joseph Sitt and Andrew Heiberger

    Clockwise from top left: Nicole Oge, Robert Gladstone, Dottie Herman, a spy cam, Neil Binder, Joseph Sitt and Andrew Heiberger

    The old industry mantra “location, location, location” should come affixed with a corollary: “lawsuit, lawsuit, lawsuit.” From Jack Sitt going toe-to-toe with his brethren, to a battle for control of Town Residential, to a disturbing case of a landlord allegedly spying on a young female resident, the real estate industry saw it all this year. The Real Deal was there every step of the way, and we’ve rounded up some of the year’s most high-profile cases. Read about these suits and more after the jump.

    2 Comments
  • Town tears it up at TAO: PHOTOS

    December 12, 2014 01:30PM
    Clockwise from left: Andrew Heiberger and Joseph Sitt; Jordyn Honigfeld, Wendy Maitland and Reya Benitez; and Brett Solomon and James Corcoran

    Clockwise from left: Andrew Heiberger and Joseph Sitt; Jordyn Honigfeld, Wendy Maitland and Reya Benitez; and Brett Solomon and James Corcoran

    A Town Residential broker recently rhapsodized that “Andrew Heiberger is to Town what Caesar was to Rome.” That remains to be seen, but what is evident is that the firm’s first holiday party with Heiberger back at the helm did evoke images of an empire in full swing. Click here for a slideshow and the full story.

    6 Comments
  • The 39th-floor pad at the Pierre Hotel (Credit: Town Residential)

    The 39th-floor pad at the Pierre Hotel (Credit: Town Residential)

    The city’s priciest rental listing, a $500,000-per-month full-floor pad on the 39th floor of the Pierre Hotel, has successfully rented for the full asking price, according to Town Residential. That price sets a new record for the most expensive residential rental deal in New York City. [more]

    4 Comments
  • marc-lewis-town

    From left: Marc Lewis, Andrew Heiberger and 33 Irving Place in Gramercy

    Marc Lewis, a former top executive at the struggling Coldwell Banker Bellmarc Group, is joining Town Residential and claims he will bring over 4,000 rental listings with him to his new firm, The Real Deal has learned. [more]

    Comments
  • beverly-cole-town

    132 East 62nd Street on Upper East Side and Beverly Cole

    An Upper East Side mansion that hit the market in March for $27 million is now available as a rental, for $65,000 per month. [more]

    Comments
  • From left: 43 Crosby, Stephen Ferrara and Bo Poulsen

    From left: 43 Crosby, Stephen Ferrara and Bo Poulsen

    Fledgling development firm Squire Investments has made its first purchase, a five-story mixed-used building in Soho, for $15 million.

    Led by principals Ryan Solomon and Jared Siegel, Squire acquired 43 Crosby Street in an off-market deal that closed October 29. The deal is the first for the Manhattan-based company, which launched last year. [more]

    3 Comments
  • The Presidential Suite at the Pierre Hotel

    The Presidential Suite at the Pierre Hotel

    For $500,000 per month, the 39th floor of the Pierre Hotel is officially the city’s priciest rental listing. [more]

    1 Comment
  • From left: Anne Hathaway, One Main Street in Dumbo and Katharina Trebitsch

    From left: Anne Hathaway, One Main Street in Dumbo and Katharina Trebitsch

    Anne Hathaway has sold her Dumbo apartment for $4.3 million to German film producer Katharina Trebitsch. [more]

    1 Comment
  • From left: Andrew Azoulay, Jason Kidd, Paul Pierce

    From left: Andrew Azoulay, Jason Kidd and Paul Pierce

    Douglas Elliman scored a slam dunk this week when it lured a broker away from rival Town Residential who has more than $70 million in listings and a roster of clients that includes NBA stars Jason Kidd, Paul Pierce and Richard Jefferson. [more]

    Comments
  • town

    From left: Lindsey Owen, Jared Seligman and Central London

    Town Residential’s Lindsey Owen, who was tapped last month to head the firm’s first overseas office in London, just jumped ship to Douglas Elliman, The Real Deal has learned. [more]

    1 Comment
  • Jeff Appel ousted at Town: sources

    October 01, 2014 02:44PM
    From left: Andrew Heiberger and Jeff Appel

    From left: Andrew Heiberger and Jeff Appel

    UPDATED, 3:00 p.m., October 1: On the same day that Andrew Heiberger made a dramatic return as CEO to Town Residential, president and COO Jeff Appel was terminated, sources told The Real Deal. [more]

    21 Comments
  • Andrew Heiberger returns as CEO of Town

    October 01, 2014 11:05AM
    From left: Andrew Heiberger and Joseph Sitt

    From left: Andrew Heiberger and Joseph Sitt

    Andrew Heiberger is retaking the reins at Town Residential, replacing business partner Joseph Sitt as CEO, effective immediately.

    “From the beginning, Andrew has led the way in establishing a new degree of excellence on behalf of our clients and representatives,” Sitt and Heiberger said in an email sent to Town’s staff this morning that was shared with The Real Deal. “In the coming months and years, you can expect to see even more, as we continue to cement our reputation as the leading light in New York residential real estate.” [more]

    24 Comments
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