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The Real Deal New York
Shippin’ up to Boston: Maddd Equities, Joy Construction buy 3 Massachusetts hotels
December 11, 2018 12:30PM
New York developers Maddd Equities and Joy Construction are adding some Massachusetts hotels to their portfolio. The companies, along with AWH Partners, recently announced...
Sen. Brian Kavanagh to chair NY Senate housing committee
December 11, 2018 11:27AM
Sen. Brian Kavanagh will lead the New York State Senate’s standing committee on housing, construction and community development, according to sources. As committee chair,...
Global Holdings plans to bring 173-unit tower to Upper West Side
December 11, 2018 10:30AM
The latest project for Global Holdings Management Group will be a mixed-use tower on the Upper West Side. The firm pre-filed plans for the...
Valuation inflation: Why sky-high figures could come back to bite investors
December 11, 2018 07:30AM
Newmark’s “friends and family” offering seemed like manna from heaven. At $18 or $19 a share, it was a sizable discount from the original...
In surveillance case against Trade Off, construction exec says he bought
“spy glasses” after alleged union threats
December 11, 2018 07:00AM
During a federal court hearing on Thursday, a construction executive admitted that his Long Island-based company encouraged employees to infiltrate union meetings. He also...
Carlyle Group pays record price for Queens rental tower, scores $180M loan
December 10, 2018 06:15PM
A fund managed by the Carlyle Group on Monday closed on the purchase of 1 QPS Tower for $284 million, making it the most...
It’s official: Brookfield owns Forest City
December 10, 2018 05:30PM
Nearly 100 years after the company was founded as a family-owned lumber business, Forest City Realty Trust — owner of millions of square feet...
Arel Capital exec is the latest to close on a 220 CPS pad
December 10, 2018 05:00PM
A real estate investment executive whose firm has made plays in New York City is the latest to close on a unit at 220...
Brooklyn Heights townhouse joins elite club with $12M sale
December 10, 2018 04:17PM
The sellers of a Civil War-era Brooklyn Heights townhouse hoped to smash a sales record when they listed their home for $16 million in...
Former Airbnb exec snags Cobble Hill townhouse for $4.6M
December 10, 2018 04:02PM
A former Airbnb exec just snatched up a Cobble Hill townhome near his new gig. Shaun Stewart, former global head of Airbnb’s vacation rental...
Allianz’s Gary Phillips is heading to Eastdil
December 10, 2018 03:40PM
Eddie Small and Rich Bockmann
Gary Phillips, head of acquisitions at Allianz Real Estate of America, is leaving the company and moving to Eastdil Secured, where he will serve...
Multifamily investor Iris Holdings buys Maimonides’ Brooklyn portfolio for $68M
December 10, 2018 03:35PM
Maimonides Medical Center has sold eight of its buildings in Borough Park to Marc Blumenfrucht Iris Holdings for about $68 million, according to property...
Pearl Diner in FiDi to be replaced with
December 10, 2018 03:00PM
One of the Financial District’s last standalone diners may soon be no more. A new 21-floor hotel is set to take the place of...
Adtech company leaving 33 Whitehall for 42K sf at Brookfield Place
December 10, 2018 02:00PM
Digital marketing company Fluent, Inc., fresh off a spin-off from its parent company, is growing into a new office in the Financial District. The...
Lalezarian Properties snags Murray Hill development site for $80M
December 10, 2018 10:30AM
Kevin Lalezarian bought a development site at the corner of 34th Street and Third Avenue in Murray Hill for nearly $80 million. Lalezarian, head...
L&L MAG’s first development will be a 460-unit resi building in Chelsea
December 10, 2018 07:00AM
UPDATED, 10:38 a.m., Dec. 10: MaryAnne Gilmartin’s L&L MAG has inked a 99-year ground lease for Edison Properties’ 241 West 28th Street for about $7 million...
Another sponsor unit at 432 Park is off
December 07, 2018 04:45PM
The latest sponsor unit to close at 432 Park Avenue sold for $15 million. Apartment 41C at CIM Group and Macklowe Properties’ project closed...
Normandy, Drake Street refi LIC
with $75M Deutsche loan
December 07, 2018 02:30PM
Normandy Real Estate Partners is moving ahead with the next phase of one of its warehouse-to-office redevelopments in Long Island City, where investors are...
EB-5 visa program extended… until Dec. 21
December 07, 2018 02:00PM
The federal EB-5 visa program received another extension as part of the larger federal spending bill, this time until Dec 21. EB-5 had been...
Heatherwood plans another luxury rental project in Williamsburg
December 07, 2018 01:00PM
A seven story luxury rental apartment building is planned for Williamsburg, offering more inventory to the area that will be ready after the L...
This Italian telecom entrepreneur is the buyer behind the 70 Vestry PH
Here’s the next office development coming to Chelsea
“They’ll do it until they can’t”: StreetEasy’s rental hike squeezes brokers amid
Atlas Capital buys Morningside Heights resi building for $72M
Blackstone lends Highgate nearly $250M for Park Central Hotel buy
December 2018 issue
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