The Real Deal New York

December 2017 Issue

Billionaire backlash

From the Saudi crackdown to the Paradise Papers, how global political turmoil could blunt the flow of capital into NYC real estate

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?

Real estate execs are fired up over a slew of potentially restrictive bills and reforms

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

Data Wars

Inside the growing fight to lead commercial real estate’s data revolution as industry giants like CoStar face off against armies
of smaller rivals

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

Brooklyn investor Joel Schreiber made a killing buying into Adam Neumann’s company early, but some critics accuse him of cheating them on deals

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

Is the assemblage game
going to pieces?

As the market drops and many give up on stitching together plots for big projects, some players are still quietly buying up NYC sites

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

The biggest NYC brokerages saw leasing activity plummet since TRD’s last ranking, but activity is finally starting to pick up

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

New York’s consumer banks are retooling their real estate strategies to adapt to the times — but can they prevail?

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

A TRD analysis found that the neighborhood is already feeling the brunt of the L train’s imminent shutdown

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

An estimated 10,000 retailers, brokers, landlords and other industry players are gearing up for this year’s event — the biggest yet in NYC

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

The Closing: Raphael De Niro

The Douglas Elliman power broker and Hollywood scion on shunning the spotlight, his residual checks from MGM and how his last name factors into deals

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

The industry lost many prominent figures — from developers who spanned generations to others at the peaks of their careers

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

New UWS tower won’t answer any architectural prayers

SJP’s 200 Amsterdam — which sits on a former synagogue site — won’t add much design distinction to the area,
but it will fit in just fine

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

Brooklyn’s residential roller coaster

Home sales have hit a pre-recession high, but with rents falling and apartment building trades down, experts shed light on what it takes to get deals done in the borough

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

A game changer
for mall REITs?

Analysts see Brookfield’s nearly $15 billion bid for GGP’s remaining shares as a lowball offer with a higher bid to come

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]

Features

Behind the astronomical pay real estate chiefs pull in — and get slammed for
The Zucker Organization vice chair on knitting “pussyhats,” finding historical documents under floorboards and her father’s love of Winnie-the-Pooh
The Prince Realty founder on doing $2.6B in deals, his morning ritual and being a “matchmaker”
A roundup of news and data on the residential market
A roundup of news and data on the residential market
A roundup of news and data on the commercial market
A roundup of news and data on the commercial market
Real estate pros share their picks for books on old New York, how Trump won the 2016 election and the New Zealand gold rush
The funniest and most insightful comments
on real estate