The Real Deal New York

“They’ll do it until they can’t”: StreetEasy's rental hike squeezes brokers amid tough market

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Penthouse at 70 Vestry fails to set Downtown record; sells for $55M

Once expected to be the priciest sale in Downtown Manhattan, the penthouse at 70 Vestry instead sold at a steep discount. The Vestry Street...

Atlas Capital buys Morningside Heights resi building for $72M

Hotelier Richard Born is selling a Morningside Heights building to Atlas Capital Group for $72.2 million in an all-cash transaction, according to sources familiar...

Newmark's CEO Barry Gosin buys $8M worth of company stock

Newmark Group CEO Barry Gosin bought $8 million worth of company shares this week, sending the stock price climbing nearly 7 percent Tuesday. Gosin,...

Blackstone lends Highgate Hotels nearly $250M for Park Central Hotel buy

The Blackstone Group’s mortgage arm provided Highgate with nearly $250 million to finance its acquisition of the Park Central Hotel. Blackstone Mortgage Trust issued...

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Westchester & Fairfield Cheat Sheet: New Rochelle resi tower sells for $295M, White Plains plans $48M apartment complex … & more

By Maya Rajamani | December 12, 2018 06:00PM

Partnership picks up Westchester’s tallest residential building for $295M The tallest residential building in Westchester County has sold for $259 million. Harbor Group International and Azure Partners teamed up to buy Skyline New Rochelle...
Trump boosts federal resources to Opportunity Zones, as real estate investors keep pouring in

By Keith Larsen | December 12, 2018 05:45PM

TRD NATIONAL

For months, real estate investors and developers have been setting up multimillion-dollar Opportunity Zone funds, hoping to cash in on a federal program that...
Passions run high at combative City Council Amazon hearing

December 12, 2018 05:30PM

The City Council had harsh criticisms for Amazon and the Economic Development Corporation during a contentious hearing on Wednesday about the tech giant’s move to Long Island City. One...
This Italian telecom entrepreneur is the buyer behind the 70 Vestry PH

By Meenal Vamburkar | December 12, 2018 05:18PM

Silvio Scaglia, an Italian telecom entrepreneur, is the buyer of the 70 Vestry Street penthouse. Scaglia is listed as the director of “SW Vestry LLC” — the buyer entity...
Here’s the next office development coming to Chelsea

By Kevin Sun | December 12, 2018 05:00PM

Real Estate Equities Corporation, an under-the-radar Midtown-based property investment firm, is building a 10-story office building near the southern end of the High Line. The roughly 100,000-square foot building...
“They’ll do it until they can’t”: StreetEasy’s rental hike squeezes brokers amid
tough market

By Meenal Vamburkar | December 12, 2018 04:30PM

In a market marred by oversupply and concession mania, StreetEasy’s rental fee hike is inviting a new wave of criticism. After introducing a fee last year of $3 per day per rental listing, the...
Atlas Capital buys Morningside Heights resi building for $72M

By Eddie Small | December 12, 2018 04:00PM

Hotelier Richard Born is selling a Morningside Heights building to Atlas Capital Group for $72.2 million in an all-cash transaction, according to sources familiar with the deal. Atlas is...
Penthouse at 70 Vestry fails to set Downtown record; sells for $55M

December 12, 2018 03:15PM

Once expected to be the priciest sale in Downtown Manhattan, the penthouse at 70 Vestry instead sold at a steep discount. The Vestry Street unit had been listed for...
Tish James says she will investigate Trump, inner circle once in office

December 12, 2018 02:45PM

Incoming New York Attorney General Letitia James has outlined some specific investigations involving President Trump and those in his circle that she plans to pursue once in office. James...

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Blackstone lends Highgate nearly $250M for Park Central Hotel buy

By Rich Bockmann | December 12, 2018 02:15PM

The Blackstone Group’s mortgage arm provided Highgate with nearly $250 million to finance its acquisition of the Park Central Hotel. Blackstone Mortgage Trust issued three loans totaling $247.57 million,...
Newmark’s CEO Barry Gosin buys $8M worth of company stock

By Rich Bockmann | December 12, 2018 01:45PM

TRD NATIONAL

Newmark Group CEO Barry Gosin bought $8 million worth of company shares this week, sending the stock price climbing...
Michael Cohen, who dabbled in real estate, sentenced to 3 years in prison

December 12, 2018 01:25PM

TRD NATIONAL

President Trump’s former fixer Michael Cohen, who most recently pleaded guilty to lying about his involvement in the deal...

SPONSOREDSolving E-Commerce Logistics with Air Cargo Solutions

Blackstone expanding into Deutsche’s old space at 345 Park

By Kevin Sun | December 12, 2018 12:43PM

Earlier this year, Deutsche Bank‘s asset management spinoff DWS Group relocated from its offices at 345 Park Avenue to another Midtown East location. Now that vacated office space has...
East New York is going to get 2,100 more units of affordable housing

December 12, 2018 12:30PM

New York’s Christian Cultural Center is partnering with Gotham Organization on a massive new affordable housing complex in East New York. The buildings will include 2,100 apartments for low-...
Can the Mooch turn institutional investors on to Opportunity Zones?

By Erin Hudson | December 12, 2018 12:05PM

TRD NATIONAL

Anthony Scaramucci was still joking around with his partners when the microphones went live during a Tuesday afternoon conference...

Two become one: Combined Mott Haven dev sites could bring 600K sf resi project

By Will Parker | December 12, 2018 11:30AM

Pantheon Properties and Borden Realty have joined together to sell adjacent development sites in the South Bronx, The Real Deal has learned. Pantheon previously put 399 Exterior Street, a...
Trump taps Mark Calabria as new head of Federal Housing Finance Agency

December 12, 2018 11:00AM

TRD NATIONAL

President Trump has tapped Mark Calabria to head the Federal Housing Finance Agency. Calabria, who currently serves as chief...
Ex-SUNY president gets 3.5 years in prison for role in “Buffalo Billion” scheme

December 12, 2018 10:45AM

Gov. Andrew Cuomo’s point person on the “Buffalo Billion” program, Alain Kaloyeros, was sentenced to three and a half years in prison for his role in a multi-million dollar...
Here’s what the $10M-$20M NYC investment sales market looked like last week

By Mary Diduch | December 12, 2018 10:30AM

In the world of mid-market New York City investment sales last week, three buyers linked up for an Upper West side commercial condo and Macklowe Properties snapped up the...
Zillow expands home-buying program

By Dennis Lynch | December 12, 2018 09:30AM

TRD NATIONAL

Zillow is expanding its direct-to-consumer home-buying program to Riverside County, making it the eighth market nationwide to see the platform — and the first in California. Zillow Offers, formerly Instant Offers, lets sellers take...

The Real Deal New York

“They’ll do it until they can’t”: StreetEasy's rental hike squeezes brokers amid tough market

Penthouse at 70 Vestry fails to set Downtown record; sells for $55M

Atlas Capital buys Morningside Heights resi building for $72M

Newmark's CEO Barry Gosin buys $8M worth of company stock

Blackstone lends Highgate Hotels nearly $250M for Park Central Hotel buy

Westchester & Fairfield Cheat Sheet: New Rochelle resi tower sells for $295M, White Plains plans $48M apartment complex … & more

Trump boosts federal resources to Opportunity Zones, as real estate investors keep pouring in

Passions run high at combative City Council Amazon hearing

This Italian telecom entrepreneur is the buyer behind the 70 Vestry PH

Here’s the next office development coming to Chelsea

“They’ll do it until they can’t”: StreetEasy’s rental hike squeezes brokers amid
tough market

Atlas Capital buys Morningside Heights resi building for $72M

Penthouse at 70 Vestry fails to set Downtown record; sells for $55M

Tish James says she will investigate Trump, inner circle once in office

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December 2018 issue

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Inside the current issue

SPONSORED The Ultimate in Luxury: Private Restaurants in Residential Buildings

Blackstone lends Highgate nearly $250M for Park Central Hotel buy

Newmark’s CEO Barry Gosin buys $8M worth of company stock

Michael Cohen, who dabbled in real estate, sentenced to 3 years in prison

SPONSOREDSolving E-Commerce Logistics with Air Cargo Solutions

Blackstone expanding into Deutsche’s old space at 345 Park

East New York is going to get 2,100 more units of affordable housing

Can the Mooch turn institutional investors on to Opportunity Zones?

Two become one: Combined Mott Haven dev sites could bring 600K sf resi project

Trump taps Mark Calabria as new head of Federal Housing Finance Agency

Ex-SUNY president gets 3.5 years in prison for role in “Buffalo Billion” scheme

Here’s what the $10M-$20M NYC investment sales market looked like last week

Zillow expands home-buying program

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