It's been months since September's fall of Lehman Brothers sent markets crashing, but many buyers and sellers still can't seem to agree on prices, a situation worsened by several continuing X factors, such as the massive federal stimulus package. More
In today's economy, most of those selling real estate, whether they are homeowners or developers, are chopping prices in an attempt to unload their properties as quickly as possible. But a few developers are going against the grain -- and raising prices. More
Landlords chasing a limited number of tenants are employing aggressive techniques that were not seen a year ago, but are now being offered to attract companies to their buildings. The provisions, such as lease takeovers, concession packages and recognition agreements, are growing in importance in the tenant-friendly marketplace. More
Perhaps no neighborhood in Manhattan epitomizes the recent bull run in real estate more than Chelsea. But some are wondering whether the West Side neighborhood will suffer more than other areas of Manhattan because of all of the building that took place during the boom. More
Like teeth punched out in a fight, empty store fronts dotting Manhattan streets are reminders of the walloping delivered by the economy. The Real Deal examined the state of retail in five of Manhattan's most heavily-trafficked shopping areas to see how they are weathering the economic downturn. More
The renovation of Alice Tully Hall, the first installment in Lincoln Center's vast, multi-year makeover, is finally complete, and the results are astounding. As someone who in the past has doubted the abilities of the much-hyped firm Diller Scofidio + Renfro, I am delighted to report that in this one project, it has belied my fears and surpassed my expectations. More
To be labeled a "loan to own" shop — or a lender that swoops in to finance a project at extremely high interest rates while hoping for a default — is considered an insult, real estate professionals said. However, there are several types of lenders most often identified with the term, such as hard-money lenders, hedge and private equity funds and private individuals. And, as banks recoil, many developers have no choice but to tap less traditional sources of funding. More
The impact of Bernie Madoff's $65 billion Ponzi scheme on Manhattan real estate will be felt for years to come as his victims look for ways to sell their homes. But they're not the only ones who need to get creative. Strategies that served brokers well during the boom are now all but useless. The Real Deal looked at some of the sales tactics, ranging from new types of sealed-bid auctions to "introductory pricing," which are being used to successfully nab bottom-fishing buyers today. More
This month, The Real Deal looks at three lender-developer battles. The three cases are all textbook examples of disputes that never would have gone to court if the market was still chugging along. In the face of the credit crunch, however, banks are hoarding money and scrutinizing their borrowers' obligations much more carefully than they have in the past. More
So far, 2009's top residential real estate deals clearly aren't as dazzling as the record-shattering deals of the recent past. This month, The Real Deal looked at the city's most expensive residential sales for January and February to get a sense of the biggest deals that are actually getting done despite the recession. A list of the top 25 resales found only four deals that closed for more than $10 million, and even a sale for $2.2 million was pricey enough to make the cut.
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Gosin is the chief executive officer of Newmark Knight Frank, an international real estate services firm with nearly 7,000 employees in 195 offices on six continents. In 1978, Gosin teamed up with partner Jeffrey Gural to purchase Newmark & Company from Gural's father, Aaron. After years of growth, the company merged in 2006 with Knight Frank, the United Kingdom's largest privately owned real estate firm. More
While a great deal has been written about the Madoff victims selling their homes in Palm Beach and other parts of Florida, so far the Madoff-related selling in New York has been done under the radar. But brokers say it is starting to ramp up. More
In a downturn, it can seem like everyone sues everyone else. Squabbles between developers and lenders are escalating, leaving a growing number of dormant construction sites in the city. And suits between brokerages and developers are also adding up as developers are unable to pay for marketing. The Real Deal examines several legal battles. More
New York City's hotel sector, already struggling with lower occupancy rates and prices, has a new challenge: corporate buyers seeking to renegotiate previously set bulk contracts. More
Yair Levy was once dubbed New York's "condo king" by some media outlets after developing several Lower Manhattan sites. But his public unraveling began in October with a bizarre incident where he allegedly assaulted Kent Swig, president of Swig Equities, with an ice bucket. What was not known at the time was that Levy was beginning to run out of funds. More
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| Young Jewish Professionals RE | |
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| The Closings | |
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| Save Fashion Party April 2009 | |
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| Core Party April 2009 | |
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| TRD Forum 2008 | |
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| TRD Holiday Party 2008 | |
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