August 2019 Issue

Trouble in the land of OZK: Why NYC’s most important construction lender may be on shaky ground

UPDATED, Oct. 1, 11:50 a.m.:As Bank of the Ozarks’ private jet lifted off from Little Rock, Arkansas, Dan Thomas geared up for another day of dealmaking. As vice chair of the bank, he oversaw one of the country’s largest construction lending operations and had become a financial messiah for major condo developers in New York, Los Angeles and Miami. Seated shoulder to shoulder with him that morning was his boss,… [more]

The e-commerce industrial revolution

It seems buying and selling… [more]

Tales from the front lines

It’s been a difficult few years for the New York City residential brokerage world. Tech pressures have risen, venture… [more]

NYC’s amenity battleground

Seated at a long dining table in a staged $11.8 million apartment on the… [more]

Agro amenities

Olivia Gamber is the “farmer-in-residence” at Staten Island Urby, a 571-unit, 80/20 mixed-income rental building by Ironstate Development. “Most people, … [more]

The new rent reality:
Lawsuits, lobbyists and Advil

It was standing room only at 1 MetroTech Center in Brooklyn in mid-July. More than 100 landlords and investors… [more]

The Closing: Marty Burger

Marty Burger is the CEO of Silverstein Properties, which is best known for acquiring the World Trade Center seven… [more]

Minimum wage days

It’s hard to forget a first job, whether it was scooping ice cream, waiting tables or selling knives door-to-door. But it’s funny to think that the CEOs, developers and… [more]

Gone golfin’

Anyone who’s tried to do business with a serious golfer on a summer Friday — or Monday, for that matter — may be on a fool’s errand. With an abundance… [more]

Running down the Rough

Real estate’s bigwigs do not mess around when it comes to where they golf. From Stephen Ross to Harry Macklowe to Arthur Zeckendorf, he’s a look at the … [more]

Residential market report

Sellers face facts in FiDi The Financial District’s sales market is seeing an uptick amid bigger price discounts. Sales were up 33 percent in the second… [more]

Commercial market report

Multifamily market hits 8-year low A tepid multifamily sector in New York City continued to plague the real estate industry … [more]

Editor’s note: August, Amazon and Arkansas

Summer is that time of year when New York is the most unloved. Many flee the city for any nearby body of water or spend weeks abroad in far-flung capitals…. [more]

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