Like WeWork, Compass touts tech and culture. Are the companies different?
Compass CEO Robert Reffkin and WeWork's Adam Neumann 

Latest New York

Stop … Data Time: It’s the new development condo report for Brooklyn and Queens

New development condo report Brooklyn • Inventory contracted as developers filed fewer units than were purchased • Developers filed 15 plans with 90 units...

Thor Equities' Joe Sitt and a closeup of 545 Madison Avenue (Credit: Google Maps)

Thor Equities loses 545 Madison Avenue

Joe Sitt has officially left the building. Sitt’s Thor Equities was evicted from its ground lease at 545 Madison Avenue earlier this week, Crain’s reported. Marx Realty, owner of the land underneath the building,...

Daily Digest Thursday

Legislation introduced to protect tenants in ‘keyless’ buildings, Compass pushes back against WeWork comparison: Daily digest

Every day, The Real Deal rounds up New York’s biggest real estate news, from breaking news and scoops to announcements and deals. We update...

Ben Carson on how Opportunity Zones are unlike red and black ants: TRD Miami Showcase & Forum

When talking about federal Opportunity Zones, Secretary of Housing and Urban Development Ben Carson said you need to understand ants. And use them as...

32BJ SEIU President Kyle Bragg (Credit: Facebook, iStock)

32BJ expects fight with real estate industry over contract renewal

The union that represents office cleaners is gearing up for a fight with the real estate industry over its...

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

The cyclical nature of Miami’s condo market has many developers shifting toward rentals – but not Michael Shvo. The New York developer, who is...

Gary Barnett and 1855 Broadway (Credit: Google Maps)

Gary Barnett assembling Columbus Circle development site

Gary Barnett, in the midst of a showdown with Upper West Siders over a condo tower he is building,...

The Chicago condo deconversion craze is dying

Essex Realty’s Steven Livaditis may have been the last broker in Chicago to close a condo deconversion deal during...

At $225M, Bel Air’s Casa Encantada becomes America’s priciest listing

UPDATED, 2:55 p.m., Oct. 17: The last two times that Bel Air’s massive Casa Encantada sold — in 1979...

Inside the New York issue


A-Rod is coming for NYC and SoFla real estate

NYC’s barrister brain trust

Panic at Prodigy

Behind Blackstone’s “capital strike”

Power lunch: Breaking bread at Pastis

The Israeli bond market shakeout


Like WeWork, Compass touts tech and culture. Are the companies different?

At 10:26 a.m. on Oct. 9 — nine days after WeWork shelved plans for an IPO — Compass CFO...

Union Square W Hotel at  201 Park Avenue South (Credit: Wikpedia)

Marriott buys Union Square W Hotel

Marriott International has purchased the Union Square W Hotel and plans to overhaul the century-old property, the company announced Thursday. The seller was Westbrook Partners, which bought the hotel at 201 Park Avenue South...

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Governor Andrew Cuomo and Mayor Bill de Blasio (Credit: Getty Images)

City, state trade blame for NYC’s “broken” property tax system

Bickering by the de Blasio and Cuomo administrations over who’s responsible for New York City’s “broken” property tax system...

From left: 254 Water Street, 45-01 Northern Boulevard and 34-08 46th Street (Credit: Google Maps)

Here’s what the $10M-$30M investment sales market looked like last week

In the two New York City mid-market investment sales made public last week, AB Capstone picked up two Long...

(Illustration by Andrew Colin Beck)

How much are NYC hotels hurting?

During a recent earnings call, Starwood Property Trust CEO Barry Sternlicht broached a touchy topic in the real estate world: the possibility of a recession. The head of the $56 billion real estate investment...

Home foreclosures dropped nearly 20% in Q3, report shows

UPDATED, 8:36 a.m.: There is growing unease about an impending recession, but at least one economic indicator isn’t pointing...

Normandy Founder Finn Wentworth, Columbia CEO E. Nelson Mills, 799 Broadway and 250 Church Street (Credit: Google Maps)

Columbia acquiring Normandy for $100M in New York real estate’s latest megamerger

Columbia Property Trust is buying Normandy Real Estate Management in a deal worth about $100 million, Columbia announced on...

WeWork abandons Seattle co-living plan, Barneys bidding begins: Daily digest

Every day, The Real Deal rounds up New York’s biggest real estate news. We update this page in real...

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