April 2017 Issue

Inside the battle for StreetEasy’s soul

The ink was barely dry on Zillow’s 2014 agreement to buy Trulia for $2.5 billion when the real estate behemoth got its first real challenge — from media titan Rupert Murdoch, no less.
Just 60 days after news broke that the two national residential-listings websites would merge, News Corp. announced its own massive acquisition: The $950 million cash purchase of Move Inc., which operates rival listings site Realtor.com…. [more]

How an MLS slipped
through NYC’s cracks

It was like the meeting of the five families. In 2001, the dons of New York City’s … [more]

Construction in Trump’s crosshairs

When Synapse Development needed insulated windows for its 34-… [more]

Bracing for lien times

It may take a village to raise a building, but it takes only one disgruntled subcontractor to ensnare a project in a legal tug-of-war. For One57, the 75-story luxury… [more]

Hotel union boss scores
as political chameleon

In New York, politics doesn’t just make for strange bedfellows. For the real pros, the rapid shift in partners can put an… [more]

Manhattan’s leasing elite

Mega-office tenants often initiate a hunt for new space even if they plan to stay put. It’s an age-old strategy to gain leverage when it comes time to negotiate a… [more]

Rob Speyer’s heavy lift

Rob Speyer — who took a big reputational blow during the last downturn — is doing everything he can to ensure he doesn’t get burned again. “When the inevitable correction comes,… [more]

The East Harlem crossover

East Harlem wears its heritage on its façades. In the heart of El Barrio, a James De La Vega painting at 104th Street and Third Avenue pays tribute to… [more]

The Closing: Robert Merck

Robert Merck is the global head of real estate for MetLife, one of the largest commercial lenders in the U.S., with a $67 billion real estate and commercial… [more]

A&E takes its spot
in the sandbox

Douglas Eisenberg, New York City’s fifth-largest residential landlord, insists… [more]

Beware double agents

Albany has a clear warning for consumers facing brokers who represent both buyers and sellers on a residential real estate deal. “BE WARY OF DUAL AGENCY,” the New York Department… [more]

I’m too sexy for this … loan?

The shopping corridors of Fifth Avenue, Soho and the Meatpacking District are lined with some of the city’s sexiest retailers. But there are tenants in other pockets… [more]

Bronx remains warm,
even as NYC market cools

The South Bronx — a cluster of neighborhoods including Mott … [more]

More of the Javits Center,
but not much else

In the history of the world, has there ever been an architectural type as uninspired as the convention center? Even the… [more]

The $6 billion question

During budget hearings in March, Shola Olatoye, chair of the New York City Housing Authority, relayed a sober message to the City Council’s housing committee. New York’s share of the… [more]

Rising rates lure foreign investors to the U.S.

When the Federal Reserve raised interest rates in March for the second time in three months, it signaled that the nine-year stimulus campaign launched during the financial crisis was nearing… [more]

Staging for the starter apartment

When Corcoran’s Victoria Rei-chelt picked up a two-bedroom co-op listing on the Lower East Side last year, its décor comprised a single chair and a few ugly … [more]

Editor’s note: When every day feels like April Fools’

The truth is stranger than fiction these days. And satire is as hard to come by as getting Obamacare repealed. But in honor of April Fools’ Day, I’d like to… [more]

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