The Real Deal New York

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  • 432 Park Avenue

    An indoor waterfall can be a neat penthouse amenity — less so if it’s caused by a burst pipe.

    The mystery buyer of a $46.25 million apartment at CIM Group and Macklowe Properties’ condominium tower 432 Park Avenue is suing to get her or his $11.56 million deposit back, alleging that a water leak damaged the unit. [more]

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  • Bill de Blasio and Carlo Scissura (Credit: Getty Images)

    Mayor Bill de Blasio urged the New York Building Congress on Monday to put pressure on Albany to expand design-build authority to New York City.

    “It’s something we all know will help us get a lot more done more quickly, but we’re going to need your help in Albany,” the mayor said to members at a luncheon at the Pierre on Monday. “There’s a lot of reach in this room. There’s a lot of firepower in this room. We need your voices to be heard in Albany.” [more]

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  • 551 Madison Avenue and Metin Negrin

    Metin Negrin’s Lexin Capital closed last week on the $155 million purchase of a 17-story Midtown office building at 551 Madison Avenue from Barings, formerly known as Cornerstone Real Estate Advisers, sources told The Real Deal. [more]

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  • Red Apple Group’s John Catsimatidis and his daughter Andrea Catsimatidis (Credit: Will Parker, click to enlarge)

    In an interview at the Ritz Carlton hotel in Washington, D.C., this weekend, Red Apple Group CEO John Catsimatidis told The Real Deal he’s not ready to say whether he’s running for mayor until a certain prominent Democrat makes a move first. [more]

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  • It’s real estate’s prom night and, as always, The Real Deal was there to cover the ultimate schmoozefest for the city’s real estate elite. We spoke with John Banks about REBNY’s push into the outer boroughs, MaryAnne Gilmartin about what being a REIT means for Forest City Ratner, and Paul Massey about the promising start to his run for mayor. To see all the highlights from the red carpet,
    watch the video here.

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  • Donald Trump (Credit: Getty Images)

    Surrounded by family and a few pals from the real estate industry, Donald J. Trump on Friday became the 45th President of the United States — and the first developer-in-chief. [more]

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  • A 17 percent drop in Brooklyn investment sales, a $1.16 trillion market value for the city’s properties and 50 contracts signed for luxury homes.

    To see the most important stats and facts from this past week, watch the video here.

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  • From left: Steve Witkoff, Donald Trump and Howard Lorber

    The Witkoffs had just flown into Washington, D.C., on their private plane and sat down to lunch at the Café du Parc. [more]

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  • Scenes from the Real Estate Board of New York’s 121st annual banquet (Credit: Adam Pincus for TRD)

    The Real Estate Board of New York’s annual banquet is usually all about bricks, tradition and continuity. But this year, a whiff of change was in the air. For the first time, black ties were optional and about half the male attendees showed up in business suits. In a bigger sign that times are changing, two female award winners used their speeches to address the widespread discrimination against women in the commercial real estate industry. Click here to see the full story and all photos.

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  • Michael Cohen and his family

    Michael Cohen, an executive vice president at the Trump Organization and longtime consigliere to Donald Trump, has a new gig: personal attorney to the incoming president of the United States. [more]

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  • From left: Bill de Blasio, Andrew Cuomo, Donald Trump and Newt Gingrich (Credit: Getty Images)

    Donald Trump indirectly provided “an assignment” to New York Republicans on Thursday: kick Bill de Blasio and Andrew Cuomo out of office. [more]

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  • 1221 Sixth Avenue

    The Rockefeller Group signed commercial-property and casualty insurer Endurance to 143,000 square feet at its 50-story Rockefeller Center office tower at 1221 Sixth Avenue, also known as the McGraw-Hill Building. [more]

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  • From left: Steven Roth, Howard Lorber, Donald Trump, Richard LeFrak and Steve Witkoff (Credit: Getty Images)

    When Donald Trump raises his right hand and puts his other on the the Lincoln Bible, his real estate friends from New York City will be standing nearby. [more]

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  • Xi Jinping and Donald Trump (Credit: Getty Images)

    What a difference a year can make. Last January, New York real estate’s top brass were losing their hair over a looming crisis in China. At a memorable ULI New York panel, developers bemoaned the disappearance of big-ticket Chinese investors. [more]

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  • From left: Warren Buffett, Stephen Meyers, Nancy Seaman and Chris Meyers (Credit: Twitter)

    A little more than a week after establishing its first New York City office, Berkshire Hathaway HomeServices of America continued its expansion by snapping up Westchester’s top residential brokerage, Houlihan Lawrence. And its quest to establish itself as a top player in New York City looks far from over.

    The acquisition of Houlihan Lawrence this week gives HomeServices 1,300 agents across 30 offices in Westchester, Putnam, Dutchess counties in New York and Fairfield in Connecticut. [more]

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  • Darcy Stacom and William Shanahan

    In a season where a hefty chunk of the city’s investment sales elite have jumped ship to other firms, CBRE’s top duo is staying put.

    Darcy Stacom and Bill Shanahan, who run CBRE’s investment sales division in New York, opted to renew their contracts with the brokerage for another five years, The Real Deal has learned. Their contracts are now set to expire in 2022, sources said. [more]

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  • From left: Leonard Steinberg, Nikolai Fedak, Arthur Stern, Ben Shaoul, Charles Bendit, Andres Hogg and José Antonio Grabowsky

    For decades, Katz’s Delicatessen and Russ & Daughters have drawn hungry New Yorkers to the Lower East Side. Now a group of developers is betting big that they’ll gobble up hundreds of new apartments in the neighborhood. [more]

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  • From left: Yoron Cohen and Charles Harder

    Yoron Cohen, formerly a top investment sales broker at JLL who moved over to Colliers International in December, is planning to sue his former employer for defamation, he told The Real Deal.

    The dispute stems from a TRD Jan. 6 article titled “Inside the exodus of JLL’s I-sales quartet,” in which a high-level JLL executive said that Cohen, along with his colleagues Richard Baxter, Scott Latham, and Jon Caplan, were told in early 2016 that they were underperforming. The executive added that Cohen and his colleagues were given an ultimatum in September. [more]

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  • From left: Kevin Maloney, a rendering of 111 West 57th Street and Michael Stern

    Nine months after AmBase Corp. sued JDS Development and Property Markets Group for allegedly trying to dilute its stake in the supertall condo project 111 West 57th Street, JDS and PMG have returned the favor. [more]

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  • From left: Roy March, One Worldwide Plaza and Wendy Silverstein

    New York REIT’s One Worldwide Plaza, a 1.8 million-square-foot skyscraper in Midtown that was valued at $1.45 billion in 2013, is coming back to the market with Eastdil Secured.
    [more]

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