August 2017 Issue

Solving NYC’s condo riddle

UPDATED, Aug. 3, 2:35 p.m.:  The breakup of Linda and Harry Macklowe after 58 years of marriage became quick tabloid fodder. With a vast real estate empire and a billion-dollar art collection to divide, one of the more salacious details to emerge from their split was that Harry’s then-girlfriend (and now fiancée) was living at 737 Park Avenue — his condo conversion several years in the making that’s only now… [more]

Who’s winning condo marketing’s game of
musical chairs

On a Friday morning in the middle of last month, news broke that the… [more]

Who earned and
who got burned?

When Jets owner Woody Johnson accepted a $77.5 million offer for his… [more]

Can Wendy Silverstein rescue New York REIT?

Four months after New York REIT started liquidating its holdings, its first-quarter earnings call turned hostile. The company — which had been dogged by shareholder disputes, lackluster returns and scandals… [more]

The cracks that could sink Lansco’s ship

Soon after the embattled commercial brokerage Lansco Corporation… [more]

Real estate titans
… and their toys

A look at how the industry’s A-listers spend their wealth in an era of exuberance and uncertainty…. [more]

Is Pacific Park in trouble again?

Brooklyn’s biggest development has been plagued by internal and external woes over the year and a half…. [more]

The Closing: Joanne Podell

The Cushman & Wakefield executive vice chair on overpriced Manhattan homes, confronting sexism early in her career, and scoring Nike as a client…. [more]

Are pop-up shops becoming
a permanent fixture?

Pop-up shops are getting access to some of the best storefronts in New York… [more]

Outmatched in majesty

It is hard to imagine a greater difference — in formal, philosophical or societal terms — than the one between Columbia University’s main… [more]

Sheldon’s grey cloud
and silver lining

The recent overturning of Sheldon Silver’s 2015 corruption conviction… [more]

A reboot on the horizon
for Manhattan hotels

Manhattan’s hotel market may be nearing the end of its more than six-year struggle to absorb new supply…. [more]

Editor’s note: Finding a path to condo profits

While New York City real estate has seen better days, it would be foolish to lose heart. Case in point is one of our main stories in this issue, “Who… [more]

Warren Buffett’s
bombshell buy

When Warren Buffett bought Houlihan Lawrence this year, it sent shock waves throughout the real estate industry…. [more]

Westchester’s resi rebound

Those worried about chronically stalled luxury property sales at the high end of the Westchester residential market… [more]

Not quite smooth sailing
for Rob Astorino

Taken at face value, things look pretty good for Republican Rob Astorino, who will run for his third term as Westchester… [more]

The race to reinvent retail across Westchester & Fairfield

As e-commerce continues to cut into brick-and-mortar establishments, shopping centers in Westchester and… [more]

And the beat goes on for broker poaching

Why Douglas Elliman’s win in a lawsuit against William Raveis does nothing to discourage brokerages from luring talent…… [more]

Making the best
of a slow market

Let’s face it: The commercial real estate scene in Westchester and Fairfield counties isn’t exactly booming. While there are pockets of success, many office… [more]

Ranking Fairfield County’s high-flyers

What are buyers in Fairfield County looking for? Proximity to New York City, new construction and homes on the tony waterfront top the list. … [more]

The balancing act of multifamily building

For the last several quarters, Westchester County has benefited from New… [more]

Hotels go small

On any given night in Fairfield County, about four in 10 hotel rooms remain vacant. The occupancy rate in this tony corner of Connecticut is significantly lower than the national… [more]

Meh office market in Fairfield

Stamford is struggling to deal with an abundance of office space due to the loss of a handful of multinational companies last year. But the big picture isn’t as dire… [more]

Big deals prop up Westchester’s ailing
office market

As Westchester’s outmoded office parks come off the market and become modern retail and apartment buildings, … [more]

Fairfield County’s hottest commodity

In the last few years, thousands of rental units have come online in Fairfield County’s cities, and thousands more are… [more]

Stars — they’re just like us: price chop edition

Bucolic estates. Serene escapes. Historic farmhouses with every modern convenience and more. For decades, these… [more]

Editor’s note:
The catch of the year

At the time of year when Fairfield residents flock to the shores of the Long Island Sound and Westchester denizens launch their kayaks into the Hudson, we at The Real… [more]

Comings and Goings

Cushman & Wakefield has brought on David Gorelick as executive managing director and head of retail for the Americas. The former Simon Property Group executive will be tasked with expanding… [more]

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