The Real Deal New York

Macy's in talks to build 1.2M sf office tower atop Herald Square flagship

Macy's Herald Square store at 151 West 34th Street (Credit: iStock)

NYC politicians are taking aim at key rent control formula

Assemblywoman Linda Rosenthal and state Sen. Brian Benjamin held a boisterous rally with tenant groups on the Upper West Side Wednesday morning to support...

Why this VC-backed StreetEasy rival is cutting back on listings inventory

In 2017, rental listings portal Zumper embarked on a brave new strategy — compete directly with the agents using their platform, and forge exclusive...

JDS secures $664M construction loan for Brooklyn's future tallest tower

After a years-long search for financing, 9 DeKalb Avenue is set to rise. Michael Stern’s JDS Development this week secured a $664 million construction...

The downturn is coming. Can the We Company survive the storm?

In January, Adam Neumann went on CNBC to quiet concerns that his company, WeWork, was in trouble. News had just broken that SoftBank Group,...

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Riding a wave of demand, First Industrial profits rise in Q1

By John O’Brien | April 24, 2019 03:45PM

TRD CHICAGO

Benefiting from a booming national industrial real estate market, First Industrial Realty Trust saw its earnings rise in the...
Macy’s in talks to build 1.2M sf office tower atop Herald Square flagship

April 24, 2019 03:06PM

Macy’s plans to “unlock additional real estate value” at its flagship store just got a bit more likely. The retailer has held preliminary talks with New York City officials...
NYC politicians are taking aim at key rent control formula

By Eddie Small | April 24, 2019 02:45PM

Assemblywoman Linda Rosenthal and state Sen. Brian Benjamin held a boisterous rally with tenant groups on the Upper West Side Wednesday morning to support one of the many reforms...
Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

By Maya Rajamani | April 24, 2019 02:15PM

TRD TRI-STATE

Developer proposes $100M project at YMCA site in White Plains Southern Land Company, the Nashville-based developer that is in contract to buy the building...
This is how Miami-Dade plans to protect itself from climate change

April 24, 2019 01:35PM

TRD MIAMI

Miami-Dade County is embarking on infrastructure projects that could total $20 billion as part of a push to...
Remember those final lines of “The Jinx”? Durst’s attorneys want them tossed

April 24, 2019 12:45PM

For those who watched the HBO’s “The Jinx: the Life and Deaths of Robert Durst,” it’s hard to forget its final scene: The real estate heir/murder suspect, still wearing a mic from an interview...
Why this VC-backed StreetEasy rival is cutting back on listings inventory

By Meenal Vamburkar | April 24, 2019 12:00PM

In 2017, rental listings portal Zumper embarked on a brave new strategy — compete directly with the agents using their platform, and forge exclusive relationships with landlords across the...
Hidrock seeking up to $1,100 a foot with Garment District office condo conversion

April 24, 2019 10:45AM

Hidrock Properties is planning a conversion of a 12-story loft building in the Garment District to office condominiums. The family firm, which owns multiple buildings in the neighborhood, will...
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April 24, 2019 10:15AM

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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

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The Closing: David Kramer

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Fashion house Badgley Mischka to take naming rights, two floors at Midtown tower

April 24, 2019 09:30AM

Fashion house Badgley Mischka is set to move into 133 West 52nd Street after it secured a 10-year lease in the building. The firm will take just under 26,000...

JDS secures $664M construction loan for Brooklyn’s future tallest tower

April 24, 2019 09:00AM

After a years-long search for financing, 9 DeKalb Avenue is set to rise. Michael Stern’s JDS Development this week secured a $664 million construction loan from Silverstein Capital and...
These are the tallest towers underway
in NYC

By Ashley McHugh-Chiappone | April 24, 2019 08:30AM

With New York City’s ever-changing skyline, The Real Deal compiled a list of the top 10 tallest projects currently in the works in the five boroughs. Four of the...

Related enters contract on $2.2B Hudson Yards sale-leaseback

April 24, 2019 08:00AM

The Related Companies went into contract on its $2.2 billion sale-leaseback deal with WarnerMedia at 30 Hudson Yards, the firms said Tuesday. The media giant has entered a 15-year...
At the desk of: Foiz Ahmed

By Meenal Vamburkar | April 24, 2019 07:30AM

TRD ISSUE

Foiz Ahmed’s path to running Quadrum Global’s hotel division started when he was 16 years old and worked as a bellhop at a Holiday Inn in his hometown, Washington, D.C. “That’s where I fell...

The downturn is coming. Can the We Company survive the storm?

By David Jeans | April 24, 2019 07:00AM

TRD NATIONAL

In January, Adam Neumann went on CNBC to quiet concerns that his company, WeWork, was in trouble. News had...
CoStar reports 20% revenue jump in Q1

By David Jeans | April 23, 2019 06:31PM

TRD NATIONAL

CoStar Group’s revenue jumped 20 percent year over year during the first quarter, reaching $328 million — due in part to strong results from its residential listings platform. The company reported a 63 percent...
New Jersey Cheat Sheet: Montclair megamansion proposal withdrawn, Morristown luxury community hits the market… & more

By J.M. Donaghy | April 23, 2019 05:30PM

TRD TRI-STATE

Montclair megamansion proposal withdrawn ‘without prejudice’ A bid to build a 60,000-square-foot megamansion in Montclair was abruptly withdrawn from...
These REITs could get hit by the rent control craze sweeping the country

April 23, 2019 05:00PM

TRD NATIONAL

As roughly a dozen states pursue rent control measures, the proposals are raising concerns for publicly-traded landlords. Equity Residential,...
New development agents get stretched thin

By E.B. Solomont | April 23, 2019 04:15PM

TRD ARCHIVE

The developers of 111 Murray Street had reason to celebrate this fall after pulling off a $650 million loan that would partially refinance unsold units at the 800-foot condo tower. But for brokers selling...
This 2,000-acre Catskills development site just hit the market for $22M

By Meenal Vamburkar | April 23, 2019 03:30PM

TRD TRI-STATE

Lost Lake Resort in Sullivan County — which has approved plans for the largest subdivision ever approved in New...

Macy's in talks to build 1.2M sf office tower atop Herald Square flagship

NYC politicians are taking aim at key rent control formula

Why this VC-backed StreetEasy rival is cutting back on listings inventory

JDS secures $664M construction loan for Brooklyn's future tallest tower

The downturn is coming. Can the We Company survive the storm?

Riding a wave of demand, First Industrial profits rise in Q1

Macy’s in talks to build 1.2M sf office tower atop Herald Square flagship

NYC politicians are taking aim at key rent control formula

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

This is how Miami-Dade plans to protect itself from climate change

Remember those final lines of “The Jinx”? Durst’s attorneys want them tossed

Why this VC-backed StreetEasy rival is cutting back on listings inventory

Hidrock seeking up to $1,100 a foot with Garment District office condo conversion

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

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April 2019 issue

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Inside the current issue

SPONSORED From Playwright to Photography: Famous Artists’ Homes

Fashion house Badgley Mischka to take naming rights, two floors at Midtown tower

SPONSORED Best-in-Class Gets Even Better

JDS secures $664M construction loan for Brooklyn’s future tallest tower

These are the tallest towers underway
in NYC

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

Related enters contract on $2.2B Hudson Yards sale-leaseback

At the desk of: Foiz Ahmed

SPONSORED Meridian Sells a Luxury Mixed-Use Elevator Building in Brooklyn Heights for $15 Million

The downturn is coming. Can the We Company survive the storm?

CoStar reports 20% revenue jump in Q1

New Jersey Cheat Sheet: Montclair megamansion proposal withdrawn, Morristown luxury community hits the market… & more

These REITs could get hit by the rent control craze sweeping the country

New development agents get stretched thin

This 2,000-acre Catskills development site just hit the market for $22M

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