The Real Deal New York

  • Remaking 11 Madison

    Blockbuster leases with Sony, Yelp and others at the Midtown South building have established it as a key hub of the tech scene
    September 18, 2014 10:30AM By Christopher Cameron
    From left: Tamir Sapir, 11 Madison Park and Richard Ressler

    From left: Tamir Sapir, 11 Madison Park and Richard Ressler

    From the September issue: Once known as the Metropolitan Life North Building, 11 Madison Park has had its share of ups and downs over the years. [more]

  • Disabled Bronx tenants sue landlord for alleged discrimination

    Residents allege that Goldfarb Properties is forcing them out of their apartments
    September 18, 2014 10:00AM
    From left: Pelham Parkway Houses in the Bronx and Letitia James

    From left: Pelham Parkway Houses in the Bronx and Letitia James

    A group comprised of disabled tenants in the Pelham Parkway buildings in the Bronx is claiming their landlord is pushing them out of their rent-stabilized apartments. [more]

  • This is the world's smallest house

    This is the world’s smallest house

    This is the world’s smallest house. Here are the nine worst housing markets in the world. A comparison between New York and London apartment prices. Read these stories and more after the jump.

  • City Planning appoints first COO

    Mayor names former Bain consultant Jon Kaufman to newly created post
    September 18, 2014 09:00AM
    From left: Jon Kaufman and Carl Weisbrod

    From left: Jon Kaufman and Carl Weisbrod

    In an effort to streamline operations and increase efficiency, the Department of City Planning has appointed its first chief operating officer.

    Jon Kaufman, who worked for consulting firm Bain & Co. for 17 years, will fill the position. Earlier this year, Kaufman was involved with analyzing the department’s organizational structure, and will now oversee the department’s administration, capital budget, information technology and planning coordination divisions, as well as BluePRint, an initiative to reform the core land use and environmental application review processes. [more]

  • Inside TheRealDeal
  • J. Lo reportedly shopping for $20M Chelsea apartment

    Actress said to be checking out units with star broker Fredrik Eklund
    September 18, 2014 08:30AM
    From left: Jennifer Lopez and the Walker Tower

    From left: Jennifer Lopez and the Walker Tower

    Jenny is looking for a new block. [more]

  • Sales launch at Tribeca condo building 290 West

    Prices start at $6.5M for units at 10-story property
    September 18, 2014 08:00AM
    290-west

    Interior at 290 West Street in Tribeca (Credit: VE Equities’ Zach Vella)

    VE Equities launched sales at its 10-story Tribeca condo building at 290 West Street. [more]

  • Most popular stories on The Real Deal

    September 18, 2014 07:15AM

    Current reader favorites:
    1. Waterbridge in $100M-plus contract on Williamsburg’s North 3rd St.
    2. Extell makes play for Port Authority’s Hudson Yard air rights
    3. 49 beautiful old New York buildings that no longer exist
    4. Lender to put Trump SoHo hotel up for sale
    5. Condo prices at Ian Schrager’s Public hotel could set record

  • Ben Shaoul ordered to raze East Village penthouse

    Board of Standards and Appeals gives developer 60 days
    September 17, 2014 06:00PM
    shaoul

    Ben Shaoul and 515 East 5th Street in East Village

    The Board of Standards and Appeals ordered that developer Ben Shaoul remove a controversial seventh-floor penthouse at 515 East 5th Street in the East Village.

    Shaoul received 60 days to finish demolition of the penthouse. The board will then decide whether to approve the zoning variances needed for the sixth floor to remain. After completing the addition in 2007, Shaoul ran into trouble with the Board of Standards and Appeals, which reversed the 2006 Department of Buildings ruling allowing the additional two floors, as previously reported. [more]

  • Brooklyn Bridge Park tower foes say green space is overfunded

    Park stewards counter that opponents' report contains mistakes, ignores future costs
    September 17, 2014 05:40PM
    From left: Proposal for Pier 6 towers by Marvel and Pierhouse at Pier 1 rendering

    From left: Proposal for Pier 6 towers by Marvel and Pierhouse at Pier 1 rendering

    Opponents of two planned residential towers near Brooklyn Bridge Park say the buildings are not needed because revenue growth from existing developments will cover maintenance costs at the waterfront green space. [more]

  • Union Square

    Union Square

    Union Square’s real estate scene comes of age. Late photographer’s ex-wife and mistress battle over Manhattan, East Hampton real estate spoils. The world’s 12 hottest housing markets. Read these stories and more after the jump.

  • Follow The Real Deal on Tumblr

    Tune into TRD's latest social channel
    September 17, 2014 04:55PM

    Screen-Shot-2014-07-07-at-12.18.28-PM

    We’re bringing our print pages to life. Check out The Real Deal on Tumblr for a new way to interact with our monthly magazine. Enjoy the very best photos, graphics and charts from our magazine, as well as links to quirkier news items from around the world of New York City real estate and beyond. [TRD's Tumblr]

  • South Florida roundup: Record Lincoln Road deal, lenders writing huge construction loans … and more

    Snapshots of real estate news from the Sunshine State
    September 17, 2014 04:35PM By Eric Kalis
    One of the Lincoln Road buildings

    One of the Lincoln Road buildings

    From the September issue: In this month’s roundup of real estate news from sunny Florida, TRD first checks out the priciest deal ever made on the prominent Lincoln Road retail strip. The White Plains-based Acadia Realty Trust and its Miami Beach-based partner, Terranova, shelled out $342 million for a six-property portfolio. We also look at area construction lenders, which are once again making big bets on high-end condominium projects in the city. Click here to see these items and more.

  • Is “Selling New York” at the end of its run?

    Reality series wrapping up latest season in October, but no new episodes have been filmed
    September 17, 2014 04:15PM By Ann Imperatore
    From left:

    From left: Michele Kleier, “Selling New York” logo and CORE’s Shaun Osher

    “Selling New York,” the HGTV reality show that began in 2010 and primarily starred agents from CORE, Warburg Realty and Kleier Residential, may not be coming back for another season. [more]

  • Moynihan Station development to receive $40M in federal funds

    Funds to go toward Farley Post Office train station conversion
    September 17, 2014 03:55PM
    Rendering of Moynihan Station

    Rendering of Moynihan Station

    The Moynihan Station project is to receive $40 million from the Federal Transit Administration, as part of a larger $1.9 billion pot of federal funds being allocated to New York City transit-related projects.

    The Moynihan fund announcement follows a call from Senator Charles Schumer and other officials for money for a planned Penn Station extension. The $40 million will go to the Port Authority of New York & New Jersey and be used for waterproofing and other resiliency steps, sources from Schumer’s office told Crain’s. [more]

  • Landmarks OKs penthouse addition at 31 Bond

    Good Property's condo building to hold two triplexes and one duplex
    September 17, 2014 03:35PM
    gurwitz

    Joshua Gurwitz and 31 Bond rendering

    The Landmarks Preservation Commission signed off yesterday on the addition of a penthouse and new rear façade as part of a six-story condominium conversion in Noho.

    Joshua Gurwitz’s Good Property plans to convert the site at 31 Bond Street into a luxury residential site with a total of two triplexes and one duplex. The commission did not support the penthouse and rear entrance designs last month. Soho firm Matthew Baird Architects then reduced the size of the proposed chimney by 9 feet and designed a smaller penthouse, which led to the approval.  [more]

  • Town going across the pond

    Brokerage to open first overseas branch in Central London; expanding network into China, France
    September 17, 2014 03:15PM By Hiten Samtani
    Lindsey Owen and the Central London skyline

    Lindsey Owen and the Central London skyline

    Goodbye bagels and Manhattans, hello crumpets and sherry. Town Residential will be opening its first international location in Central London, representatives for the firm told The Real Deal. [more]

  • Aby Rosen’s RFR is in contract to buy 190 Bowery

    Developer confirms deal for much sought-after home of photographer Jay Maisel
    September 17, 2014 02:50PM
    From left: 190 Bowery, Jay Maisel and Aby Rosen

    From left: 190 Bowery, Jay Maisel and Aby Rosen

    Aby Rosen has confirmed that RFR Realty is in contract to purchase the former Germania Bank building at 190 Bowery, the much sought-after home to a photographer. [more]

  • Wanted: Nominations for New York City’s best real estate firms

    The Real Deal will feature "Best Firms to Work For" in November issue
    September 17, 2014 02:30PM

    For our November issue, The Real Deal will be profiling the best commercial and residential brokerages to work for – focusing on what sets them apart from the rest of the pack.

    To do so, we want to hear from you!

    We’re looking for brokers to weigh in on what specific programs or benefits top firms offer. Using the subject line “Best NYC Firms,” please email residential tips to E.B. Solomont at eb@therealdeal.com and commercial tips to Hiten Samtani at hs@therealdeal.com. — TRD

  • Revamped Rainbow Room to reopen next month

    Tishman Speyer overhauled wraparound terrace, included tech upgrades
    September 17, 2014 02:10PM
    From left: Rob Speyer, Jerry Speyer and the Rainbow Room at 30 Rock

    From left: Rob Speyer, Jerry Speyer and the Rainbow Room at 30 Rock pre-renovation

    The iconic Rainbow Room event space, located on the 65th floor of 30 Rockefeller Plaza, is due to reopen Oct. 1. [more]

  • Acuity Capital buys Hamilton Heights building for $33M

    100K sf rental site last sold in November as part of $45M portfolio
    September 17, 2014 01:45PM By Mark Maurer
    acuity

    From left: 3489-3499 Broadway in Hamilton Heights, Elliot Neumann and Ivan Hakimian

    UPDATED, 2:11 p.m., Sept. 17: Real estate investment firm Acuity Capital Partners, led by Elliot Neumann, acquired a 100,000-square-foot apartment building in Hamilton Heights for $32.5 million in an off-market deal, The Real Deal has learned. [more]

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