The February issue is live!

TRD New York /
Feb.February 03, 2014 02:20 PM

As the New York City marketplace has regained its roar, lenders are sensing the opportunity to cash in. And in a throwback to the boom, banks are starting to lend on pro forma income and requiring less equity in real estate projects — a move that makes deals riskier. We take a look at some recent high-profile examples of this, and analyze what the trend means for the market moving forward, in our cover story, “Risk is back,” now available online.

Jared Kushner has been a well-known name in the city’s real estate circles for quite some time, but in the last year he’s upped the ante dramatically, with megadeals such as the $375 million purchase of a Dumbo portfolio and an acquisition spree in the East Village. In a profile of the young mogul, we take a closer look at Kushner’s beginnings, his biggest deals, and what lies ahead.

In “Lies in size,” we examine a quirk of the office market known as “loss factor,” which allows commercial building owners to pass a large part of their costs for the building’s common areas on to tenants.

We also present a ranking of new condos – from Gary Barnett’s One57 to Bill Rudin’s Greenwich Lane — by per-square-foot prices.

There’s a lot more to look forward to in the issue, including a look at how sellers backtrack on “best and final” offers, an analysis of the once-mighty Helmsley estate’s dispositions in the city in recent years, and a look at the Real Estate Board of New York’s annual gala.

Finally, in our Closing interview, Richard Mack, the co-founder of Mack Real Estate Group, chats about the family business, getting fired and fielding calls from Russian oligarchs.

To access the issue, click here or on the Magazine tab at the top of the website.

Enjoy the issue! – Hiten Samtani


Related Articles

arrow_forward_ios
Jared Kushner and Cadre CEO Ryan Williams (Getty, iStock)

Jared Kushner’s plan to unload Cadre stake shelved by pandemic

Jared Kushner’s plan to unload Cadre stake shelved by pandemic
229 West 43rd Street and Charlie Kushner (Google Maps, Getty)

Kushner Companies’ Times Square retail condo headed to auction

Kushner Companies’ Times Square retail condo headed to auction
Charlie Kushner and Harbor Point Estate in Maryland (Credit: Sasha Maslov; Harbor Point Estates)

Kushner Cos. pushes ahead with eviction lawsuits: report

Kushner Cos. pushes ahead with eviction lawsuits: report
Jared Kushner (Photo by Samuel Corum/Getty Images)

Jared Kushner divests stake in Cadre

Jared Kushner divests stake in Cadre
Jared Kushner and Jho Low (Credit: Getty Images)

Netflix’s “Dirty Money” delves into Jared Kushner, 1MDB scandal

Netflix’s “Dirty Money” delves into Jared Kushner, 1MDB scandal
Softbank's Masayoshi Son and Jared Kushner (Credit: Getty Images)

SoftBank wanted Jared Kushner to divest from Cadre

SoftBank wanted Jared Kushner to divest from Cadre
Daily Digest Thursday

WeWork losses soar, SoftBank asked Jared Kushner to divest from Cadre

WeWork losses soar, SoftBank asked Jared Kushner to divest from Cadre
Cadre CEO Ryan Cadre, Jared Kushner, and Josh Kushner (Credit: Getty Images)

Kushner-backed Cadre raised $90M through anonymous offshore vehicle since 2017

Kushner-backed Cadre raised $90M through anonymous offshore vehicle since 2017
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...