The April issue is live!

Stories include real estate's rising stars and Corcoran vs. Corcoran Sunshine

TRD New York /
Apr.April 01, 2015 12:30 PM

They’ve brokered billions of dollars in deals, broken records, and launched companies. And they’ve all done it all in a cutthroat and unforgiving industry that’s not known for being kind to novices. This month, The Real Deal polled dozens of sources to shake out the names of the newest crop of real estate’s 35-and-under rising stars, for the cover story of our April issue, now live online. 

While developers have been attempting to hit new and higher markers for as long as they’ve been building, the latest crop of penthouses is moving New York City luxury real estate into another stratosphere. We look at the rise of this “new housing category” that seems to function independently of the vagaries of the market.

Shooting for the moon, however, doesn’t necessarily guarantee success in sales. In a related story, we examine the disconnect between Manhattan’s priciest listings and priciest closed sales.

In “When will the boom break?” we talk to economists about how long this trend of skyrocketing prices and hyperactive construction can last.

And in “Corcoran vs. Corcoran Sunshine,” we examine the tensions between one of the city’s most storied brokerages and its thriving new development arm. Corcoran Sunshine represents more new development product than any other firm, and its success has some of Corcoran’s brokers feeling a tad left behind.

Finally, in our Closing interview, Cantor Fitzgerald’s Howard Lutnick talks about being the face of 9/11, coping with loss, and his first job as a tennis pro.

To read the issue, click here or on the Magazine tab at the top of the website. Enjoy! – TRD

Related Articles

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

Compass doesn’t want a jury trial in the Avi Dorfman case

Another WeWork exec is out, Bank OZK’s construction lending is up: Daily digest

Co-living trend of renting bedrooms is back and here to stay: TRD Miami Showcase & Forum

SoftBank rescue plan would bring WeWork’s valuation to $8B

Bank OZK reports uptick in construction lending in Q3