The Real Deal New York

August 2014 Issues

The Brooklyn firm boom

As borough grows in popularity, residential brokerage ranking shows spike in agent counts and listing volume

With the Brooklyn brand now slapped on everything from Dubai diners to French clothing — and with a Park Slope resident in City Hall — Kings County has, perhaps, never seen its star shine brighter. And real estate firms are, not surprisingly, continuing to capture some of that glow. This month, The Real Deal ranked the top Brooklyn firms by both number of agents and dollar volume of listings. The … [more]

Balking at big office blocks

New York office leasing improved significantly over the past year. But the steady pace of deals wasn’t enough to fill all the large blocks of vacant space lingering in Manhattan’s … [more]

Brooklyn’s empty shelves

Bidding wars. All-cash offers. Foreign buyers. Off-market sales. The telltale signs of New York City’s housing crunch have dominated headlines in recent years, as pent-up demand from the financial crisis … [more]

37 Remsen Street
37 Remsen Street

The borough of records

When the penthouse condo at One Brooklyn Bridge Park hit the market in May, its asking price of $32 million bested the record for the borough’s priciest listing by $2 … [more]

Carl Weisbrod: an understated force

Carl Weisbrod, the recently appointed chair of the New York City Planning Commission, may not have the star power that his predecessor Amanda Burden did. Burden is an heir to … [more]

Showy showrooms

The crop of new luxury condo developments rising in Manhattan is spawning an equally lavish set of sales galleries, where buyers will shell out millions of dollars to purchase an … [more]

540 Bedford Avenue
540 Bedford Avenue

Development sites on ice

With land prices skyrocketing, cranes dotting the skyline and new projects launching almost daily, it may seem like development in New York City is firing on all cylinders. And it … [more]

The luxury upkeep game

New York sees plenty of eye-popping price tags on luxurious homes, from a record-busting $88 million penthouse condo sale at 15 Central Park West to $95 million listings like the … [more]

El-Gamal: After the firestorm

In 2010, developer Sharif El-Gamal sparked a national firestorm when he announced plans to build Park51, a 15-story Islamic cultural center at 51 Park Place. His critics famously (or infamously) … [more]

Chris Schlank
Chris Schlank

The Closing with Chris Schlank

Schlank is the founder and co-managing partner of Savanna, a real estate private equity firm that’s invested $2.3 billion in real estate assets since 2006. Schlank has personally overseen the … [more]

Picking up the Crumbs

More than three months before Crumbs Bake Shop closed the doors on its remaining 48 locations in recent weeks, some landlords were hiring brokers to quietly market the troubled cupcake … [more]

Hamptons, without houses

Residential real estate in the Hamptons brings to mind sprawling farmland estates, waterfront mansions, or even quaint bungalows. But a number of developers are now bringing a very Manhattan type … [more]

Features

  • Kyle Kimball
  • Robert Shapiro
  • The month's funniest quotes
  • Rising rents on the menu
One Brooklyn Bridge Park's indoor climbing wall
One Brooklyn Bridge Park's indoor climbing wall

Brooklyn’s big three

360 Furman Street, #1216 Neighborhood: Brooklyn Heights / Asking price: $32 million One Brooklyn Bridge Park’s 11,000-square-foot penthouse is the borough’s most expensive listing. The 14-room condo has six bedrooms … [more]

Developers bet big on Brooklyn

All the talk about a second wave of condo development in Brooklyn is finally coming to fruition. On the heels of a rental boom, the newest residential projects to hit … [more]

Living large outside NYC

Manhattan’s priciest residential properties often make national headlines. But news about the priciest homes outside the city often barely register with New York City real estate players. This month, The … [more]

Fired up over Hell’s Kitchen

Hell’s Kitchen spent much of its history with a grimy, some might even say seamy reputation, but in the past few years, the Midtown West neighborhood has continued its makeover … [more]

Renters sign off floor plans, too

It took developers nearly four years to build the Robyn, a Karl Fischer–designed rental building in the East Village. But when leasing launched in June, all 33 units were snapped … [more]

Maternity bias persists in home lending

It doesn’t get much publicity, but it’s a persistent problem: Lenders and mortgage insurers delay or deny loan applications when a borrower is pregnant or heading for maternity leave. The … [more]

653 West 187th Street
653 West 187th Street

Fun with apartment design

With the possible exception of the Magic Kingdom — “The Happiest Place on Earth,” its slogan says — I am not sure that I have ever seen architecture as fundamentally, … [more]

City papers weigh in on de Blasio’s real estate moves

Seven months into his term, Mayor Bill de Blasio’s influence on the real estate industry is already significant. And the mayor’s policies on housing and development are generating strong opinions … [more]

Editor’s note: The melting pot, boiling over

The constant juxtaposition of different types of people is part of what makes city life so interesting. But different social forces coming together in New York can end up either … [more]

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