The Real Deal New York

If you’ve ridden the New York City subway lately, chances are you’ve seen posters promising relief from the city’s soaring housing costs. Featuring smiling tenants with names like Catalina, Evelio and Estella, the ads...

Four years after going into contract, a mystery buyer shelled out nearly $48 million for the priciest penthouse at Alexico Group’s 56 Leonard in Tribeca. The buyer — identified...

If you’re a contractor trying to stay in-the-know on new or delayed projects in the five boroughs, your options are limited. Keeping track of the Department of Buildings and...

The FBI is investigating real estate deals involving former Trump campaign manager Paul Manafort and his son-in-law, who has been accused of running a Ponzi scheme. The New York Times reported that investigators are...

City Hall and several nonprofits defended Housing First, a federal policy guideline designed to help homeless people find housing, after 23 Republican lawmakers wrote a letter urging the Department...

Do we always need an appraiser to tell us what a house is worth? The two biggest sources of mortgage financing in the country — Freddie Mac and Fannie Mae — think not. With no formal public announcement, on June 19 Freddie Mac began...

Forest City Realty Trust is laying off 50 employees as it sells off its retail and entertainment assets. “We have to make extremely tough choices,” CEO David LaRue wrote in a letter to employees Thursday. “This was a very difficult, but ultimately necessary step...

Eric Anton is joining Marcus & Millichap’s New York office, sources told The Real Deal, in one of the year’s few big-ticket investment-sales broker shuffles after a flurry of...

Condominiums at Tessler Developments’ 172 Madison Avenue are selling at a discount amid a softening luxury apartment market. The 11 closed sales recorded on StreetEasy to-date show a final...

Vickey Barron, a top Douglas Elliman broker who closed over $150 million in new development deals last year, has jumped to the Corcoran Group. Barron did a number of...

From the June issue: It’s been about a decade since The Real Deal began ranking Manhattan’s top residential agents. But this year, the ranking looks a little different. That’s...

In June 2013, approximately 550 agents worked for Bellmarc Realty across five offices. Today, only one licensed broker is associated with the firm: company founder Neil Binder. It’s a...

Current reader favorites: 1. The treaty of Manhattan: In major shift, Corcoran and Elliman opt into StreetEasy’s Premier Broker program 2. “Wait. Wait. Extell is a terrible company, but...

ELD Properties’ 110-unit “Millennia” breaks ground in New Rochelle By naming their 110-unit New Rochelle building “Millennia,” developer ELD Properties, Inc. doesn’t make it too hard to figure out who their target audience is. Featuring a fitness center, shared rooftop patio and flexible office...

According to this week’s market reports, rent prices are up in Brooklyn, Manhattan and Queens, but barely. New York is behind Mexico City as the least affordable city on...

The LeFrak Organization plans to convert the former Affinia Dumont hotel into a 260-unit luxury rental building. The developer launched a teaser site for the project — dubbed Murray...

From the South Florida issue: When Robert Given left CBRE to become vice chairman of capital markets at Cushman & Wakefield in South Florida last July, it was the culmination...

Douglas Elliman is growing its Brooklyn footprint with the acquisition of Brooklyn Hearth Realty, a brokerage active in Ditmas Park and Park Slope. Brooklyn Hearth Realty, run by brokers...

From LLNYC: “That ’70s Show” star Topher Grace has listed his crash pad at 59 Bank Street in the West Village for $4.25 million, per city records.

UPDATED: June 22, 3:55 p.m.: For decades, the J-51 tax abatement has given New York City landlords an extra incentive to update roughed-up residential and commercial properties. But the...