December 2014

What to watch in 2015

After the frenzied sales of 2013, New York City’s real estate market didn’t miss a beat in 2014 — though its pace showed signs of stabilizing, even as prices reached new heights. Despite the overall market’s widely-described return to “normal,” the co-op market saw its record for the priciest residential sale toppled three times: In September, hedge-fund manager Israel Englander paid $71.3 million for a duplex co-op at 740 Park… [more]

December 2014
The Real Deal magazine

Spitzer takes reins
following father’s death

Now more than ever, the “Spitzer” in Spitzer Engineering refers to son Eliot, the fallen governor who continues his efforts to reinvent himself as a real estate mogul. Bernard Spitzer,… [more]

Ranking Manhattan’s
biggest retail buyers

With Upper Fifth Avenue snatching back from Hong Kong’s Causeway Bay the title as the world’s most expensive retail district, aggressive bets made in Manhattan by local investors seem to… [more]

Brokers’ winding paths

Brokers aren’t the kind of people who sit still. Whether they’re showing properties, meeting with developers or “networking” at a boozy industry event, brokers are constantly on the go. And… [more]

Listing sites battle
to control national market

Both veteran real estate companies and well-funded newcomers are scuffling over listings websites, each aiming for an acquisition that will provide new streams of revenue, as well as access to… [more]

Re: Cap

Developer Ofer Yardeni warns: the residential market is in a bubble that is about to pop! Also, called the High Line “completely overrated.”… [more]

The Closing: Leonard Boxer

From the LeFrak Organization to Donald Trump, most major real estate developers in New York have called upon attorney Leonard Boxer at some point over the last five decades. Boxer… [more]

Spurring slow-season sales

Despite the gusto exhibited by the New York City residential market in recent years, developers are now more likely to throw in add-ons to sway prospective buyers of new development… [more]

A stretch of Soho comes
into its own

The southernmost leg of Sixth Avenue has been more of a place to pass through than to visit since the 1920s, when the city blasted subway lines through parts of… [more]

ICSC unites at Javits

The second-most important show for New York’s retail dealmakers is moving from a disjointed layout spread among several hotels in Midtown to a single location at the giant Jacob K…. [more]

Atlantic City’s crap shoot

Atlantic City is looking back to its heyday for a map to the future. But the city’s collective eyes are focused, not on its height as the East Coast’s gambling… [more]

A touch of glass on Lex

The design for 229 Lex brings openness and elegance to a largely undistinguished strip… [more]

Betting on the Bed-Stuy boom

The recent popularity of Bedford-Stuyvesant is in many ways a mirror of much of Brooklyn; record prices — in Bed-Stuy’s case, condos that top $1 million — and an increasing… [more]

Acro-rate-o-phobia

A fear of rising interest rates in the months ahead is prompting some homebuyers to jump into the sales market — putting pressure on brokers to turn deals around quickly… [more]

Industry honors TRD publisher

The industry’s leading lights came together last month to honor The Real Deal’s Amir Korangy for his commitment to supporting families of seriously ill children. Korangy received the Child’s Champion… [more]

What they’re reading now

Where do you look for inspiration and insight? This month, The Real Deal polled leaders in the industry to find out what they’re reading, how the book was recommended to them… [more]

Government briefs

Lower Manhattan’s Fulton Center, where nine subway lines converge, reopened last month, more than a decade after the Sept. 11, 2001, terrorist attacks destroyed part of it. As many as 300,000 passengers a day are expected to pass through the station, the New York Times reported…. [more]

Easing condo lending

Call it the condo conundrum: In many urban areas nationwide, demand for condominium units is rising, according to new real estate industry estimates, yet mortgage financing for entry-level condo buyers… [more]

Stodgy firms are hot again
in 2014

Midtown’s old stand-by finance and legal tenants are back on top after being displaced last year by the “hotter” firms in the technology, advertising, media and information sector. Seven of… [more]

Editor’s note: Which direction does the Compass point?

These days, every conversation about real estate seems to wind up on the same topic: “What do you make of Urban Compass? I don’t get the whole thing. What’s the… [more]

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