The Real Deal New York

July 2014

Real estate’s big ideas

The latest batch of innovative ideas — from Google Glass to condo-ing building’s signage — gaining industry traction

New York City’s established real estate players and its burgeoning startup community are always on the lookout for the next big idea — something that can revolutionize the industry and rake in large profits. Sometimes, these ideas set a new industry standard, such as StreetEasy did when it launched its online database of sales listings in 2005, and other times they are merely a flash in the pan. This past … [more]

Manhattan’s riskiest development deals

It’s no secret that prices for both luxury condos and development sites are surging in Manhattan. Land prices in Manhattan’s most popular neighborhoods have doubled compared to two-to-three years ago. … [more]

New condos, new stars

As multi-million dollar condos in new luxury buildings hit the Manhattan market, the brokers locking in those projects are quickly becoming the envy of the industry. The agents landing these … [more]

Bjarke Ingels
Bjarke Ingels

Bjarke’s NYC blitz

The Danish architectural wunderkind already has four projects underway and is angling for more

What if power-broker Robert Moses and urban activist Jane Jacobs had a love child? What if they could have come together to create an immense infrastructure project, which integrated the … [more]

Buyers look down to bid up

Agents show clients properties that leave room for higher bidding

Warburg Realty’s Lisa Larson scoured the East Side for more than a year with clients looking to buy a two-bedroom for less than $1.3 million. Ten months ago, they lost … [more]

Behind Leonard Steinberg’s Urban Compass leap

It was the shot heard ’round the real estate world. Last month, Leonard Steinberg ended his 13-year tenure with Douglas Elliman to join real estate technology startup Urban Compass as … [more]

Yair Levy (photo by STUDIO SCRIVO)
Yair Levy (photo by STUDIO SCRIVO)

The Closing with Yair Levy

Yair Levy is an investor and developer who rose to real estate prominence through several high-profile residential condo conversions during the boom, including the Sheffield, 225 Rector Place and the … [more]

First half Manhattan leasing strongest since 2002

Deals like Bank of New York Mellon’s at Brookfield Place boost office activity for the first six months of the year

Office leasing volume for the first six months of 2014 was the strongest in a half-year period since 2002, led by large leases like the Bank of New York Mellon … [more]

Super-luxury smackdown

The gleaming new condo towers that are edging out yesterday’s trendy “it” buildings

What’s in vogue one moment is often passé the next — a maxim that holds true for luxury real estate. The gleaming towers that are now in fashion in Manhattan … [more]

Stephen Kliegerman and Nancy Packes
Stephen Kliegerman and Nancy Packes

Luxury condo overload?

New York City’s new development condos have been breaking price records and making headlines for their over-the-top, boom-time-like amenities. But there is still concern about just how sustainable the market … [more]

A hotel mystery reveal

The low-profile architects of Williamsburg’s Level Hotel have a futuristic design that’s likely to be one of Brooklyn’s boldest new towers

Everyone enjoys a good mystery, and, of late, one of the more intriguing mysteries in the field of architecture in the five boroughs has revolved around the planned Level Hotel … [more]

Chinese developers ramp up in NYC

No longer content as only buyers, mainland China firms are now building in the five boroughs

Chinese buyers purchasing condos have made headlines in New York for some time. But with China’s real estate market overheating, more Chinese developers are getting into the New York City … [more]

Features

  • David Von Spreckelsen
  • Tom Lebling
  • The retail space “workout”
  • The month's funniest quotes
  • The month in review
The former Childs Restaurant
The former Childs Restaurant

Coney Island’s comeback crawl

The crowds heading for the Coney Island boardwalk this summer will be greeted by a towering new roller coaster and a smattering of new restaurants and stores. But even as … [more]

Splits grow more crucial as market tightens

A look at the commission splits being used to attract and retain agents in an increasingly competitive market

Real estate veterans Paul Purcell and Kathy Braddock spent seven years building Rutenberg Realty into a fast-growing firm that lets brokers keep the lion’s share of their commissions. But as … [more]

Behind the home equity boom

Gains in housing prices, mortgage debt pay-downs help lift many homeowners out of negative equity

For most homeowners, their property is their biggest asset. It can’t be tracked online or checked in monthly statements sent by a bank, but it’s crucially important for their personal … [more]

Michelle Adams and Steven Spinola
Michelle Adams and Steven Spinola

Filling Spinola’s shoes

REBNY has hired an executive recruiter to lead the search for the industry’s next chief lobbyist, as speculation about a successor begins

The Real Estate Board of New York has tapped Jack Lusk at the executive recruiting firm Harris Rand Lusk to lead the search for its first new president in nearly … [more]

A snapshot of three firms’ splits

A look at what Corcoran, Elliman and Town offer brokers

Split schedules vary slightly at traditional firms. But one insider provided TRD with the split schedules for three firms: Corcoran, Elliman and Town. Basically, the more money in gross commission … [more]

Editor’s note

The shrinking distance from New York to Beijing

It’s not a breaking news flash that the world has become a smaller and more interconnected place. But in no place is the evidence of this global shrinking more on … [more]

Guests with Jill Zarin (second from right)
Guests with Jill Zarin (second from right)

Luxury Listings NYC’s summer soirée

Former “Housewife” Jill Zarin headlines magazine bash at Beautique

More than 250 designers, TV personalities, brokers, real estate executives and bankers gathered at the swank Beautique restaurant across the street from the Plaza Hotel last month to ring in … [more]

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