The November issue is live!

TRD explores the Bronx boom, developer comebacks and more

New York /
Nov.November 02, 2015 12:10 PM
 

A borough long associated with arson is on fire in an entirely different way. The Real Deal voyaged to the Bronx, to explore a once-overlooked area increasingly targeted by developers and investors.

In the cover package for our November issue, now available online, we cover developers’ efforts to rebrand the borough’s fast-changing neighborhoods, city officials offering development incentives, how transit drives new projects, and the problems and perceptions that continue to plague the Bronx as a whole.

We also look at the tenants like Coach and VaynerMedia that hustled to claim space at the Hudson Yards megaproject.

Meanwhile, developers don’t always fade away after financial ruin. TRD asked finance experts why some like Harry Macklowe and Ian Bruce Eichner rise again and again – and others are banished to the lending graveyard.

We also go inside the city’s biggest deal of the year – Blackstone Group and Ivanhoe Cambridge’s blockbuster $5.3 billion purchase of Stuyvesant Town-Peter Cooper Village. The deal topped the list of our ranking of the largest multifamily portfolios of the past year.

Finally, in the Closing interview, Michele Medaglia, president of ACC Construction, talks about Ritalin, Johnny Jumpers and taking the reins at age 25.

To read the issue, click here or on the magazine tab on the top left of the homepage. Enjoy! — Mark Maurer


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

Prana pays Related $36M in Bronx multifamily play
448 East 143rd Street in the Bronx (Credit: Google Maps)

Private developer’s NYCHA project in Mott Haven lands $79M in financing

Private developer’s NYCHA project in Mott Haven lands $79M in financing
1159 and 1184 River Avenue with Maddd Equities' Jorge Madruga (left) and Joy Construction's Eli Weiss (right) (Credit: Google Maps)

Maddd Equities, Joy Construction score $64M for massive Bronx project

Maddd Equities, Joy Construction score $64M for massive Bronx project
Silvercup Studios (Getty)

Outer-borough loan activity fired up in October

Outer-borough loan activity fired up in October
2055 Anthony Avenue and 1416 Ferris Place (Google Maps)

Ved Parkash picks up Fordham Heights apartment building

Ved Parkash picks up Fordham Heights apartment building
41 Haight Street in Flushing and 1290 Viele Avenue in Bronx (Google Maps; iStock)

Deal for pizza-pan manufacturer rounds out last week’s mid-market sales

Deal for pizza-pan manufacturer rounds out last week’s mid-market sales
Bronx-Manhattan North Association of Realtors' Eliezer Rodriguez and Hudson Gateway Association of Realtors' Richard Haggerty (Photos via Facebook)

New York’s biggest MLS gets bigger after merger

New York’s biggest MLS gets bigger after merger
AIG CEO Brian Duperreault and Brooklyn Navy Yard project, with Andrew Joblon and 980 East 149th Street (Turnbridge, Brooklyn Navy Yard)

These were the top outer-borough loans in September

These were the top outer-borough loans in September
arrow_forward_ios

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

Loading...