December 2017 Issue

Billionaire backlash

It was just after 11 p.m. on Saturday, Nov. 4, when the well-heeled guests of the Ritz-Carlton Hotel in Riyadh, Saudi Arabia’s capital city, were roused from bed, marched outside and escorted onto buses parked in the hotel’s courtyard. With the resort emptied, roughly 30 Saudi officials and businessmen — including 11 members of the ruling royal family — filed in. Arrested at the behest of Crown Prince Mohammed bin Salman amid… [more]

Will the mayor and City Council’s new agenda stymie development?

Since taking office nearly four years ago, Mayor Bill de Blasio has had a love-hate relationship with New York’s … [more]

Data Wars

In the last week of October, commercial real estate brokers all over the country received a package via snail mail from CoStar Group. Inside was the informational … [more]

The story of WeWork’s mysterious first investor

n 2010, WeWork’s Miguel McKelvey and Adam Neumann were two … [more]

Is the assemblage game
going to pieces?

Piecing together a sizable parcel of Manhattan land is a time-consuming and hairy process. And in today’s… [more]

New York’s top retail brokerages

In one of Manhattan’s priciest retail deals ever, investor 60 Guilders and the Carlyle Group bought a 6,000-square-foot retail co-op at the corner of Spring and Mercer streets in Soho… [more]

Banking on smaller
retail spaces

TD Bank beat out a slew of competitors in late 2015 to lease roughly 2,000 square feet on a prime retail corner on the Upper East Side — right in… [more]

Retail vacancies in the heart of Williamsburg raise concerns

Retailers kicking tires in the growing Williamsburg retail district have more than changing shopping habits to … [more]

What’s in store for
ICSC New York

When thousands of retail buffs arrive at the Jacob K. Javits Convention… [more]

The Closing: Raphael De Niro

Raphael De Niro may be Hollywood royalty, but he’s also a real estate powerhouse. The Douglas Elliman broker and son of actors Robert De Niro and Diahnne… [more]

Remembering the NYC
real estate players who
died in 2017

This year brought the loss of several New York real estate luminaries…. [more]

New UWS tower won’t answer any architectural prayers

Upper West Siders have a reputation for pushing back on new additions… [more]

Brooklyn’s residential roller coaster

Home sales in Brooklyn have reached a pre-recession high. The number of… [more]

A game changer
for mall REITs?

Brookfield Property Partners’ bid last month to the buy the remaining shares of GGP — the country’s second-largest mall… [more]

Editor’s note: A brief history of the world 

The end of the year is a good time to look back — way back. I’m talking about the history of real estate itself. We can only understand the present,… [more]

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