New York City is perpetually in transformation, and for our first issue of 2016, The Real Deal took a closer look at the technological advancements that represent the future of the city’s real estate.
In the cover package for our January issue, we explore advancements like kinetic buildings and 2,000-foot-tall skyscrapers that promise to change the way the city both looks and functions.
We attempt to predict the future and look 10 years ahead to forecast the projects, trends and transformations that will be all the buzz in 2026, and check in with the brokerages that in a technological “arms race” of sorts in the search of an edge over their competitors.
There’s also an analysis of the Federal Reserve’s first interest rate hike in nine years last month and its potential effects on the real estate market; a postmortem on former New York State Assembly Speaker Shelly Silver, whose career is over after being convicted on corruption charges; and the biggest office complexes actively leasing in Brooklyn.
We also shine a light on the global sovereign wealth funds that are promising to fuel the city’s real estate market over the next several years — and check in with the powerhouse brokers who are quietly moving the city’s priciest condominium units.
Finally, in the Closing interview, construction magnate Frank Sciame Jr. talks about buying Katharine Hepburn’s house, investing in Broadway shows and his “other woman.”
To read the issue, click here or on the “Magazine” tab on the top left of the homepage. Enjoy! – Rey Mashayekhi