April 2018 Issue

Rough cut

There are figurative cutthroat businesses, and there are literal ones. Yitzchak Tessler knows the difference. Chain-smoking in his Midtown office, he recalled his days flying from South Africa into civil war-torn Angola to buy gemstones. In the 1980s, “blood diamond” hadn’t yet become a rallying cry for human-rights groups, and traders could work in war zones with impunity. The country’s capital, Luanda, was a woebegone place — sewage in the… [more]

The anatomy of construction corruption

In New York City’s $45.3 billion construction industry, it’s a network of middlemen that choreograph the rise of buildings. From supply companies to electrical … [more]

Will SoftBank’s splashy real estate plays pan out?

Masayoshi Son responds to swagger. It’s something only a handful of New… [more]

Developers are bracing themselves for the burn of Trump’s metal tariffs

New York City developers and builders certainly won’t strike gold with the Trump administration’s recent metal… [more]

New development agents get stretched thin

The developers of 111 Murray Street had reason to celebrate this fall after… [more]

The dismantling of
Forest City Ratner

Hall with a proposal to build the largest public-private real estate development New York had seen in more than … [more]

The Real Deal turns 15

Mayor Bloomberg was helming City Hall. Apple was still four years off from debuting the iPhone. The country had just … [more]

The Real Deal turns 15:
our favorite covers

TRD looks back on some of our favorite covers to hit newsstands in the last 15 years… [more]

The Real Deal turns 15:
never a dull moment

From launching in new markets to covering (and breaking) some of the biggest real estate stories in the city… [more]

The Real Deal turns 15:
hits and misses

From our spot-on coverage of Chinese capital controls to our less-accurate suggestion that Wall Street would be deregulated, what TRD timed right and what missed the mark…. [more]

The Closing: Adam Tihany

DOB: January 1, 1948 Lives in: Manhattan, Westchester, Paris Family: Married with a son and a daughter Adam Tihany founded his eponymous firm in 1978 and … [more]

The year of the
Manhattan mega lease

When News Corp and 21st Century Fox expanded their Midtown office footprints to a combined 1.2 million square feet… [more]

Nolita’s new ‘quiet’ condo

On a clamorous corner along Kenmare Street in Nolita, the Japanese architect Tadao Ando has designed what he calls a “very quiet piece of architecture.” Developers Sumaida + Khurana and… [more]

The chain of command: Vornado Realty Trust

Vornado Realty Trust, one of New York City’s top commercial landlords, has spent the last few years in shuffle mode. The publicly traded firm recently sold a chunk… [more]

NYC vs. Silicon Valley

In the grind of New York real estate, it can be a struggle to recognize what’s right in front of you. But the reality of technology companies moving in the… [more]

A mini boost for
NYC’s hotel sector

Manhattan’s hotel industry got a much-needed boost when its gold-standard metric turned a corner at the end of 2017. Revenue per available room — known in industry lingo as RevPAR… [more]

Editor’s note:
Happy birthday to us

What do you get when you cross an Iranian, an Israeli and a WASP from Long Island? It sounds like the setup for a bad joke, but it’s the founding… [more]

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