The Real Deal New York

Posts Tagged ‘town residential’

  • ReidPriceWendyMaitland

    From left: Reid Price and Wendy Maitland

    UPDATED: 12:17 p.m., July 17: Reid Price, Town Residential’s former head of new development, must pay the brokerage $460,000 plus interest, a judge ruled Monday.

    Judge Eileen Bransten granted Town’s motion for summary judgment on nearly half a million dollars worth of promissory notes that Price allegedly owed the firm.

    [more]

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  • 201 West 17th Street in Chelsea (inset: Katie Holmes)

    201 West 17th Street in Chelsea (inset: Katie Holmes)

    Katie Holmes is back in Chelsea, where she’s renting a 2,400-square-foot apartment for $25,000 per month. [more]

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  • kw nyc

    Rendering of 377-379 Broadway in Tribeca (inset: Mark Chin and Eric Barron)

    Keller Williams NYC is planning to open a new office in Tribeca by September that will hold as many as 200 agents. [more]

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  • From left: Mordy Werde and Michael Ettelson (Credit: Town Residential)

    From left: Mordy Werde and Michael Ettelson (Credit: Town Residential)

    One of Douglas Elliman’s biggest Brooklyn teams is moving to Town Residential.

    Nine of the 11 members of the Werde/Ettelson team, which was Elliman’s top Brooklyn team in 2013 and 2012, are starting at Town Wednesday. They will be based at the brokerage’s Financial District office until it opens a Brooklyn location, Michael Ettelson told The Real Deal. [more]

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  • joesittandrewheibergerannazarro

    From left: Joseph Sitt, Andrew Heiberger and Anna Zarro

    UPDATED, 6:41 p.m., June 12: Anna Zarro, Town Residential’s senior vice president of development marketing and leasing, resigned on Friday morning, The Real Deal has learned. [more]

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  • Top residential agents of the week

    May 08, 2015 06:00PM
    775 Park Avenue on the Upper East Side

    775 Park Avenue on the Upper East Side

    Mary Kent of Sotheby’s International Realty topped this week’s residential sales with a $35.1 million co-op at 775 Park Avenue on the Upper East Side. Click here to see this listing and more.

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  • RobertDvorinWendyMaitlandGaryBarnett

    From left: Robert Dvorin, Wendy Maitland, a rendering of One57 and Gary Barnett

    UPDATED: 12:35 p.m., April 28: Hedge funder Bill Ackman just got himself a new neighbor at One57.

    An undisclosed European buyer paid $45 million for Unit 77, a full-floor condo one floor above the duplex bought by Ackman and a group of investors. The 77th-floor pad has four bedrooms and 4.5 bathrooms. [more]

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  • Reid Price loses appeal against Town

    April 16, 2015 06:01PM
    Reid Price

    Reid Price

    Town Residential does not owe its former head of new development $490,000 in commission payments, the Appellate Division of the New York State Supreme Court ruled Thursday.

    Reid Price lost his appeal against a judge’s dismissal last year of his counterclaim against the brokerage’s suit against him. Price, now a broker at Douglas Elliman, had claimed that Town owed him $490,000 in commission payments. [more]

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  • AndrewHeibergerJoeSittJamesCorcoran

    From left: Andrew Heiberger, Joseph Sitt and James Corcoran

    James Corcoran, Town Residential’s controller, left the company after less than a year on the job.

    Corcoran gave notice several weeks ago and his last day was Wednesday, sources said. [more]

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  • 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
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