The Real Deal New York

  • NYC’s subway system mapped by Instagram hashtag

    January 21, 2017 05:30PM TRD WEEKEND EDITION


    Next stop #Robertas. Thanks to Parisian architect Jug Cerović we now know that the Christopher Street stop on the 1 train is #sexandthecity and that Houston Street 1 station is #cronut. That’s because Cerović figured out the most popular Instagram hashtag for each station in Manhattan — and some of Brooklyn.  [more]

  • Rosanna Arquette and Madonna in “Desperately Seeking Susan” and the home at 240 West 21st Street (credit: Orion Pictures)

    Rosanna Arquette and Madonna in “Desperately Seeking Susan” and the home at 240 West 21st Street (credit: Orion Pictures)

    From Luxury Listings NYC: Leora Barish, screenwriter of the beloved cult-classic film “Desperately Seeking Susan” and fellow screenwriter Henry Bean have listed their cheerful Chelsea townhouse at 240 West 21st Street for $7.1 million, according to StreetEasy records. [more]

  • Paris’ Centre Pompidou to see $106 million overhaul

    The controversial architectural marvel is getting some much needed TLC The controversial architectural marvel is getting some much needed TLC
    January 21, 2017 03:30PM TRD WEEKEND EDITION
    Centre Pompidou

    Centre Pompidou

    On Paris’ architectural standouts, the Centre Pompidou, is set to receive a €100 million (about $106 million) renovation. [more]

  • Space-age pods are some of the hottest real estate in Hong Kong

    January 21, 2017 02:30PM TRD WEEKEND EDITION
    Hong Kong’s space capsule pods (credit:

    Hong Kong’s space capsule pods (credit:

    From Luxury Listings NYC: A collection of 25-square-foot “space capsule pods” in Hong Kong are taking the tiny home trend to a whole new — and much smaller — level. Back in November, landlord Sandy Wong began renting out around 50 pods spread across six apartments. [more]

  • Inside TheRealDeal
  • Challenging the Grand Bazaar

    New modern shopping malls introduce Western-style retail to Istanbul
    January 21, 2017 01:30PM By Jessica Steinberg
    Istanbul's Grand Bazaar

    Istanbul’s Grand Bazaar

    For over 600 years, Istanbul’s Grand Bazaar has been one of the world’s great shopping destinations. But lately it’s losing its luster and fading in local importance as a massive building boom produces dozens of modern shopping malls in the downtown area.

    Created by rehabbing former factories, these malls have also been catalysts in popularizing several modern residential neighborhoods. Read the full story from the September 2008 issue here.

  • NYC has more skyscrapers than the next 10 states combined

    New York has 6,229 high-rise buildings
    January 21, 2017 12:30PM

    Everyone knows that NYC boasts the nation’s tallest buildings. But it’s not just quality (i.e. height) that NYC excels at, it’s quantity. Compared to the rest of the nation, NYC has more skyscrapers than the next 10 states combined. [more]

  • Steven Soderbergh finally finds buyer for full-floor Chelsea apartment

    The apartment first hit the market asking $5M in 2014
    January 21, 2017 11:30AM By Christopher Cameron
    Steven Soderbergh and his former Chelsea apartmnet via Wiki Commons

    Steven Soderbergh and his former Chelsea apartmnet via Wiki Commons

    Producer and director Steven Soderbergh has sold his three-bedroom Chelsea apartment and we’re presuming that neither sex, lies or a videotape were needed to close the deal. [more]

  • Council on Tall Buildings and Urban Habitat

    Council on Tall Buildings and Urban Habitat

    China added an impressive 84 skyscrapers to its skyline in 2016, setting a record for the nation. [more]

  • Inside a newly listed Fifth Avenue co-op asking $30M

    Socialite, philanthropist, businesswoman and political dabbler Georgette Mosbacher is the owner
    January 21, 2017 09:30AM TRD WEEKEND EDITION
    Georgette Mosbacher and her apartment (credit: ShashiBellamkonda via Wikimedia, StreetEasy)

    Georgette Mosbacher and her apartment (credit: ShashiBellamkonda via Wikimedia, StreetEasy)

    From Luxury Listings NYC: Socialite, philanthropist, businesswoman and political dabbler Georgette Mosbacher has just listed her Met-facing, full-floor, Fifth Avenue co-op for $29.5 million. And it turns out her apartment is just as big as her resume. [more]

  • Nonunion group brings race into construction safety debate

    NYCA opposes City Council bill that mandates training programs
    January 20, 2017 06:30PM By Konrad Putzier

    A construction worker (credit: Vonderauvisuals)

    UPDATED, Jan. 20, 7:47 p.m.: Nonunion contractors opened a new playing field in their fight against a proposed City Council bill that would mandate apprenticeship programs for construction workers: race. [more]

  • Wells Fargo moves to foreclose on RFR’s Lever House

    Aby Rosen’s firm defaulted on $98M mortgage in 2015
    January 20, 2017 06:12PM

    Lever House at 390 Park Avenue and Aby Rosen (Credit: RFR)

    Wells Fargo filed to foreclose on RFR Realty’s Lever House. Aby Rosen and Michael Fuchs’ company has until Jan. 27 to respond to the complaint. [more]

  • Meyer Equities sues Harry Macklowe over Midtown deal

    Developer accused of interfering with $28M offer on Children’s Aid Society HQ
    January 20, 2017 05:30PM By Rich Bockmann

    150 East 45th Street and Harry Macklowe (Credit: Getty Images)

    Meyer Equities is suing Harry Macklowe over claims the mogul is meddling with the company’s $28 million offer to buy the Children’s Aid Society’s Midtown headquarters near Grand Central Terminal.

    An affiliate of Meyer, led by the father-and-son team of Marty and Eric Meyer, made an offer in November to buy the nonprofit’s headquarters at 150 East 45th Street for $28 million, knowing full well that the owner of the neighboring property had a right-of-first-refusal agreement allowing them to match the offer within 30 days, according to a lawsuit filed Friday in New York State Supreme Court. [more]

  • Gov. Cuomo provides design-build expansion — but not in NYC

    Streamlined bidding could benefit NY projects seeking federal dollars
    January 20, 2017 05:00PM

    Andrew Cuomo, Bill de Blasio and the Brooklyn- Queens Expressway (Credit: Getty Images)

    Gov. Andrew Cuomo’s budget proposal could give New York a leg up when competing for federal infrastructure dollars, thanks to a proposal to streamline the bidding process for big projects. So long as the project isn’t in New York City, that is. [more]

  • Trump scraps FHA fee reduction for poor homebuyers

    New HUD Secretary Ben Carson had criticized Obama's move
    January 20, 2017 04:30PM

    Ben Carson and Donald Trump (Credit: Getty Images)

    Shortly after being sworn into office, Donald Trump’s administration overturned the Obama administration’s decision to lower the cost of buying a home for low-income Americans. [more]

  • Cushman & Wakefield could close IPO as early as Q3: report

    But sources say an IPO would also mean layoffs in the lower echelons of the company
    January 20, 2017 04:00PM

    From left: Brett White and John Cushman III

    From the Los Angeles website: Looks like the stars are finally aligning for Cushman & Wakefield. The commercial brokerage has taken the first steps in seeking its long-rumored IPO after months of bulking up its teams in Los Angeles and New York with high-profile poaches.

    The brokerage, under parent company TPG, has begun meeting with banks about a potential IPO to list as early as the third quarter of this year, sources told Bloomberg. Insiders — including Cushman’s own execs — have long speculated the probability of a public offering. [more]

  • America gets its first developer-in-chief

    New York real estate players have a lot to keep an eye on
    January 20, 2017 03:40PM By Kathryn Brenzel and Will Parker

    Donald Trump (Credit: Getty Images)

    Surrounded by family and a few pals from the real estate industry, Donald J. Trump on Friday became the 45th President of the United States — and the first developer-in-chief. [more]

  • What they’re reading now

    RE pros share picks for books on the pursuit of courage, 19th-century BK and time management
    January 20, 2017 03:06PM By Marynia Kruk

    From inside the January issue: Town Residential’s Ryan Fitzpatrick, Bestreich Realty Group’s Derek Bestreich, Mdrn. Residential’s Zach Ehrlich all sat down with The Real Deal to talk about what they’re reading. Click here to read more.

  • The Real Deal is completely redesigning its Data Book, now in its 12th edition. The industry’s most comprehensive collection of information on the New York-area real estate market will sport more pictures and a new look, bringing more of the style and energy TRD‘s flagship magazine is well known for. [more]

  • WATCH: NYC real estate’s week in numbers

    A 14% drop in sales at Tiffany & Co.'s Fifth Ave. store, a $153M loan for Silverstein and more
    January 20, 2017 01:25PM By Alistair Gardiner

    A 17 percent drop in Brooklyn investment sales, a $1.16 trillion market value for the city’s properties and 50 contracts signed for luxury homes.

    To see the most important stats and facts from this past week, watch the video here.

  • Sutton refis Times Sq. retail building with $60M loan

    Two-story building at 661 Eighth Ave is valued at more than $100M: report
    January 20, 2017 12:55PM

    661 Eighth Avenue and Jeff Sutton

    A group of investors led by Jeff Sutton refinanced a Times Square retail property occupied by Duane Reade with a $60 million loan from Bank of China. [more]