The Real Deal New York

Vornado sells 45% stake in prime Manhattan retail portfolio valued at $5.6B

From left: Steven Roth and Haim Chera with 666 5th Avenue (Credit: Getty Images and Vornado)

Mueller Report provides new info on Trump Tower Moscow, Felix Sater and more

The long-awaited report by Special Counsel Robert Mueller provides additional details on the abandoned Trump-branded project in Moscow and the 2016 meeting between Jared...

These real estate players are thrilled with Netflix's tax incentive-fueled New York expansion

With the help of up to $4 million in tax incentives, Netflix is beefing up its New York presence with an expansion of its...

Rotem Rosen-led partnership buys development site off Billionaires' Row

A partnership led by Rotem Rosen and Israel’s largest developer, Zahi Hagag, is making a play near Billionaires’ Row. Rosen and Indian billionaire Anand...

Sears sues Eddie Lampert, alleging ex-CEO looted failing retailer of billions

Sears is suing former CEO and current Chairman Edward Lampert, claiming he and other company officials made billions off the failing retailer as it...

Most Recent

Blackstone will pay rent-stabilized tenants $1M. It won’t stop the lawsuit.

By Eddie Small | April 19, 2019 07:00AM

Blackstone Group will pay about $1.1 million in refunds to rent-stabilized tenants at Parker Towers, though the payout doesn’t signal an end to a lawsuit over illegal rent increases...
Vornado sells 45% stake in prime Manhattan retail portfolio valued at $5.6B

By Mary Diduch and Kevin Sun | April 18, 2019 07:10PM

Vornado Realty Trust has sold a minority stake of its Fifth Avenue and Times Square retail portfolio in a deal that values the assets at about $5.6 billion. Just...
Marriott to build the tallest modular hotel in the world in NoMad

By Erin Hudson | April 18, 2019 05:15PM

The next chapter in the arms race to build the tallest hotel using modular construction is under way, though doubts remain on the method’s merit. With about $65 million...
Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

By Maya Rajamani | April 18, 2019 04:45PM

TRD TRI-STATE

‘Market realities’ force Greenwich homeowners to sell for less Homeowners trying to sell off pricey properties in Greenwich are settling for less than optimal...
City Council just created the “largest disruption in the history of New York City real estate”

April 18, 2019 04:15PM

The City Council’s Committee on Environmental Protection has passed a sweeping package of bills to cut greenhouse gas emissions, paving the way for adoption by the full council later today, Crain’s reported. And with...
Airbnb leads $160M funding round alongside RXR, Tishman for hospitality startup

April 18, 2019 03:45PM

TRD NATIONAL

A hospitality startup that provides short-rentals for professionals has closed on a $160 million funding round led by Airbnb....
Mueller Report provides new info on Trump Tower Moscow, Felix Sater and more

By Kathryn Brenzel and Eddie Small | April 18, 2019 03:16PM

TRD NATIONAL

The long-awaited report by Special Counsel Robert Mueller provides additional details on the abandoned Trump-branded project in Moscow and...
Rotem Rosen-led partnership buying development site off Billionaires’ Row

By Rich Bockmann | April 18, 2019 03:05PM

A partnership led by Rotem Rosen and Israel’s largest developer, Zahi Hagag, is making a play near Billionaires’ Row. Rosen and Indian billionaire Anand Mahindra’s MRR Development is teaming...
These real estate players are thrilled with Netflix’s tax incentive-fueled New York expansion

By Meenal Vamburkar | April 18, 2019 02:45PM

With the help of up to $4 million in tax incentives, Netflix is beefing up its New York presence with an expansion of its Manhattan office and plans for a massive new production hub...

Videos

WATCH: TRD talks shop with the developers behind Hudson Yards

A staircase to nowhere or a Shawarma? Thomas Heatherwick responds to criticism of the Vessel

WATCH: Inside Macklowe’s gut renovation of historic One Wall Street

WATCH: What’s at stake with Albany’s proposed pied-à-terre tax

Inside the current issue

Manhattan’s leasing leaders

Who’s winning and losing on Wall Street?

The Closing: David Kramer

Ghost towers

Tax targets

High rollers in a budding business

SPONSORED From Playwright to Photography: Famous Artists’ Homes

Bank OZK continued aggressive condo lending in Q1

By Keith Larsen | April 18, 2019 02:00PM

TRD NATIONAL

Bank OZK is showing no signs of curbing its construction lending this year. Little Rock-based Bank OZK, formerly known...

Sears sues Eddie Lampert, alleging ex-CEO looted failing retailer of billions

By John O’Brien | April 18, 2019 01:20PM

TRD NATIONAL

Sears is suing former CEO and current Chairman Edward Lampert, claiming he and other company officials made billions off...
Scott Rechler’s RXR nearing unorthodox partnership deal with Airbnb

April 18, 2019 12:24PM

Airbnb is negotiating a partnership with Scott Rechler’s RXR Realty to provide apartment-style hospitality spaces in commercial buildings. The startup, valued at $35 billion, is navigating options to workaround...

Barr issues strong defense of Trump shortly before Mueller report’s release

By Eddie Small | April 18, 2019 10:49AM

TRD NATIONAL

Attorney General William Barr vigorously defended President Trump in a press conference Thursday morning ahead of the release of...
Follow us on Facebook for up-to-the-minute coverage on everything real estate

April 18, 2019 10:15AM

Connect with The Real Deal on Facebook for breaking news, original videos, fun facts and more!

Aby Rosen is no longer planning a hotel for the Chrysler Building

April 18, 2019 09:35AM

As the new owner of the Chrysler Building, Aby Rosen is weighing his options — and a hotel is no longer one of them. The RFR Holding head previously...
Blackstone Group, the world’s largest real estate owner, is converting to a corporation

By Meenal Vamburkar | April 18, 2019 08:58AM

TRD NATIONAL

UPDATED, April 18, 10:41 a.m.: Blackstone Group is changing is corporate structure to become a corporation, in a move that...
Brooklyn retail rents are “starting to flatten”: REBNY

By Eddie Small | April 18, 2019 08:30AM

Retail rents in Brooklyn are dropping throughout a majority of the borough’s prime neighborhoods, according to the latest report from the Real Estate Board of New York. REBNY analyzed...
Fairfield sales fall as buyers shift toward smaller homes

By Meenal Vamburkar | April 18, 2019 08:00AM

As Fairfield buyers opt for smaller homes, the Connecticut county’s luxury market remains soft. The number of sales dipped 2.6 percent in the first quarter versus a year earlier...
How investors are squeezing profits from shared housing

By Will Parker and David Jeans | April 18, 2019 07:30AM

TRD ISSUE

It seems co-living is finally coming of age. The problem is how to scale. The high-end communal housing model...
Lawsuits, pop-ups and ragers: Why 60 Guilders took a $25M loss on its prized Soho retail property

By Kevin Sun | April 18, 2019 07:00AM

In spring 2016, retail-focused investment firm 60 Guilders and the Carlyle Group made a big bet on Soho with one of the priciest retail investment deals ever. In the...

Vornado sells 45% stake in prime Manhattan retail portfolio valued at $5.6B

Mueller Report provides new info on Trump Tower Moscow, Felix Sater and more

These real estate players are thrilled with Netflix's tax incentive-fueled New York expansion

Rotem Rosen-led partnership buys development site off Billionaires' Row

Sears sues Eddie Lampert, alleging ex-CEO looted failing retailer of billions

Blackstone will pay rent-stabilized tenants $1M. It won’t stop the lawsuit.

Vornado sells 45% stake in prime Manhattan retail portfolio valued at $5.6B

Marriott to build the tallest modular hotel in the world in NoMad

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

City Council just created the “largest disruption in the history of New York City real estate”

Airbnb leads $160M funding round alongside RXR, Tishman for hospitality startup

Mueller Report provides new info on Trump Tower Moscow, Felix Sater and more

Rotem Rosen-led partnership buying development site off Billionaires’ Row

These real estate players are thrilled with Netflix’s tax incentive-fueled New York expansion

Popular

April 2019 issue

Videos

Inside the current issue

SPONSORED From Playwright to Photography: Famous Artists’ Homes

Bank OZK continued aggressive condo lending in Q1

SPONSORED Best-in-Class Gets Even Better

Sears sues Eddie Lampert, alleging ex-CEO looted failing retailer of billions

Scott Rechler’s RXR nearing unorthodox partnership deal with Airbnb

SPONSORED Boutique Law Firms: 4 Solutions to Vexing Real Estate Issues That Keep Partners Up at Night

Barr issues strong defense of Trump shortly before Mueller report’s release

Follow us on Facebook for up-to-the-minute coverage on everything real estate

Aby Rosen is no longer planning a hotel for the Chrysler Building

Blackstone Group, the world’s largest real estate owner, is converting to a corporation

Brooklyn retail rents are “starting to flatten”: REBNY

Fairfield sales fall as buyers shift toward smaller homes

How investors are squeezing profits from shared housing

Lawsuits, pop-ups and ragers: Why 60 Guilders took a $25M loss on its prized Soho retail property

Latest Los Angeles issue

Tri-State issue