December 2018 Issue

Valuation inflation

Newmark’s “friends and family” offering seemed like manna from heaven. At $18 or $19 a share, it was a sizable discount from the original high of $22 that the firm’s executives boldly predicted the stock would trade at once it hit the opening bell. While all of those figures were eventually lowered, a number of brokers and executives at the company opted in, buoyed by CEO Barry Gosin’s infectious enthusiasm…. [more]

Valuation challenges

While company valuations often raise industry eyebrows, they can also result in legal action. Sometimes there are legitimate allegations of improper activity — with a firm cooking the books. Other… [more]

NAR vs. the naysayers

It was summer 2017 when Bob Goldberg ascended the stage at the Sheraton Grand Chicago. With Bruce Springsteen’s “Born to Run” playing in the background… [more]

Move over, mega-agents

Some residential brokers in New York are household names. Think Fredrik Eklund, John Burger, Carrie Chiang, Paula del Nunzio, Raphael De Niro,… [more]

When local rejection
reshapes development

Manhattan Community Board 2’s land use committee meeting in April was… [more]

Down but not out

When the discount store Five Below opened a flagship location on Fifth Avenue last month, it caused something of… [more]

Rebuffing rent control

Don’t fret if you missed the City Council’s roughly eight-hour hearing on the so-called commercial rent control bill. The upshot is that the real estate industry… [more]

The big pay paradox

It’s a rough time to be an investor in a public real estate company, but a great time to be the CEO of one. Even as stock prices at several… [more]

Sizing up real estate’s
big earners

Here’s how much the CEOs at seven top public real estate firms made last year. Marc Holliday SL Green Realty 2017 CEO income: $17.41 million Company median… [more]

Is the great real estate
job boom ending?

This spring, the British online brokerage Purplebricks landed in the Big … [more]

The Closing: Jerry Wolkoff

Gerald “Jerry” Wolkoff, who founded the family development firm G&M Realty, has worked in the real estate business for more than 60 years. His company… [more]

A new Democratic day

For just the third time since World War II, the New York State Senate has a Democratic majority. But unlike the two previous times the party briefly took control —… [more]

The Max muse

Most successful New York City architecture firms are uninspiring at best. Even if they weren’t lackluster when they launched here, they are by the time the city is … [more]

Residential market report

New developments push up Brooklyn rental pricing The median rental price in Brooklyn rose 4.4 percent year-over-year, to $2,923 in October, with much of… [more]

Commercial market report

Post-recession record nears for Manhattan office leasing market A Colliers International report showed nearly 4 million square feet of Manhattan office leasing activity… [more]

Editor’s note: Private fantasies vs. public realities

There is so much venture capital money flowing into private real estate firms these days that you would be forgiven for turning money-colored green with envy. Take Opendoor, a tech… [more]

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