The Real Deal’s June issue is now live! This month, we’ve released our annual ranking of the biggest Manhattan residential brokerages, with Prudential Douglas Elliman remaining the largest firm, newcomer Town Residential making the chart for the first time and Core finishing first among boutiques brokerages. In another story, we undertake a comprehensive look at salaries and compensation throughout the real estate industry. We also dive into the 90-percent-vacant Ring brothers’ portfolio of 14 office buildings, to understand how a collection of properties that would otherwise fetch $40 million in rent each year could lose $1 million in 2012 and how the buildings face a legal challenge that could threaten the Ring’s ownership.
Finally, in a closing interview with Barbara Fox, the founder of Fox Residential Group, we learn about her first celebrity client sale to Ralph Lauren, how she got into real estate and what she thinks about Ryan Serhant shaving his arms in the first episode of “Million Dollar Listing New York.” To see the complete issue online, click here, or on the “Magazine” tab at the top of the website. — TRD