The September issue is live!

From industry's doubling down on Cuomo to the early cracks in NYC luxury residential market

New York /
Sep.September 02, 2014 11:50 AM

The highest reaches of the New York City residential market may not be so invincible, even after a very strong last few years. In the cover story of its September issue, The Real Deal breaks down the state of high-end residential sales, which some brokers said have begun to suffer from several issues – price sensitivity, a drop in contracts, listing discounts and cautious investors.

The issue, now available online, also looks at Governor Andrew Cuomo’s sturdy support base from the real estate community as he seeks re-election. The industry has doubled down on Cuomo given its eroded relationship with City Hall and a weak campaign from his Republican challenger Rob Astorino.

In “Manhattan’s Last Lots,” we feature the various parking lot sites in neighborhoods such as Hell’s Kitchen, Hudson Yards and West Chelsea that developers have been snatching up for development.

Meanwhile, veteran hotelier Ian Schrager is zeroing in on New York City again in a big way, with a bevy of hotel and condo projects. He plans to bring his Public and Edition hotels to Manhattan.

There’s a whole lot more in the issue, including stories about the decline in bidding wars amid rising inventory; the many residential records broken this year so far and NoMad retail market’s move toward luxury.

Finally, in our Closing interview, SJP Properties CEO Steven Pozycki discusses lifeguarding at Jones Beach and living down the hall from Bruce Springsteen.

To access the issue, click here or go to the “Magazine” tab at the top of the website. Happy reading! – Mark Maurer 


Related Articles

arrow_forward_ios
September 2021 Issue Is LIve
TRD’s September issue is live for subscribers!
TRD’s September issue is live for subscribers!
The Real Deal’s August 2021 Issue Is Live
TRD’s August issue is live for subscribers!
TRD’s August issue is live for subscribers!
TRD’s July issue is live for subscribers!
TRD’s July issue is live for subscribers!
TRD’s July issue is live for subscribers!
The Real Deal’s June 2021 Issue Is Live
TRD’s June issue is live for subscribers!
TRD’s June issue is live for subscribers!
TRD’s May issue is live for subscribers!
TRD’s May issue is live for subscribers!
TRD’s May issue is live for subscribers!
TRD’s February issue is live for subscribers!
TRD’s February issue is live for subscribers!
TRD’s February issue is live for subscribers!
TRD’s November issue is live for subscribers!
TRD’s November issue is live for subscribers!
TRD’s November issue is live for subscribers!
October 2020 Issue is Live
TRD’s October issue is live for subscribers!
TRD’s October issue is live for subscribers!
arrow_forward_ios

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

Loading...