February 2016 Issue

Real estate’s love-hate relationship with de Blasio

On an unseasonably mild morning in October, the roughly 50 people who showed up for a press conference at Stuyvesant Town witnessed a strange spectacle: Bill de Blasio, New York’s progressive mayor and self-declared fighter for the working class, chumming it up with Jonathan Gray, the head of global real estate at The Blackstone Group, the world’s largest private equity firm. The two men were there to announce… [more]

Political brethren

Mayor Bill de Blasio may not be known as a best friend to the industry, but that doesn’t mean he hasn’t cultivated some significant industry allies. Below is a look at three top real estate players with whom the mayor is particularly tight…. [more]

De Blasio’s donors

David and Jed Walentas, the father-and-son duo behind Two Trees Management, may have had some not-so-charitable words for Bill de Blasio in the past — the elder Walentas infamously described… [more]

Who timed the market best?

Every real estate investor’s dream is to buy low and sell high. But actually executing that strategy is not as easy as it sounds. This month, as many in the… [more]

Investment sales ranking:
Who crushed it
and who got crushed?

New York City had a stellar year in 2015 for building sales — with massive properties like Stuyvesant Town-Peter Cooper Village and 11 Madison trading hands. But … [more]

Unmasking Manhattan’s
hidden buyers … why now?

For years, wealthy buyers of Manhattan real estate have gone to great lengths to remain anonymous. But last month, the U.S. Treasury Department sent a chill… [more]

Which real estate stocks
perform best?

In early January, Forest City Ratner became the latest prominent real estate company to ditch the secrecy of private ownership in exchange for the tax benefits… [more]

Why is your supermarket
owner now developing
a shiny new condo?

For more than 50 years, the Gross and Grobman families witnessed the evolution of Clinton Hill from their Key Foods … [more]

Where are the priciest homes on the planet?

A year ago, the sale of a penthouse at One57 shook up the New York City real estate world when it shattered the $100 million marker. While that … [more]

Behind Rosabianca’s ruin

As a lawyer who specialized in brokering luxury property deals for foreign investors, Luigi Rosabianca rode the wave that propelled the New York City real estate market in the years… [more]

The Closing: Michael Stern

DOB: June 13, 1979 Hometown: Five Towns, Long Island Family: Divorced; two children Michael Stern is the CEO of JDS Development Group, a firm with 11.5 million square feet under… [more]

Will Elliman’s spending spree pay off?

Taylor Swift, Ben Stiller, supermodel Kate Upton and, of course, Spike Lee… [more]

The (kosher) power lunch

It wasn’t that long ago that gourmet glatt steakhouses were basically nonexistent, meaning that when observant Jews sat down for a high-powered business lunch over some juicy prime beef, they… [more]

Architecture review: 25 Kent
— ‘artificial’ but ‘charming’

Developer Toby Moskovits has received much attention for her planned eight-story building at 25 Kent Street in North Williamsburg. That’s largely… [more]

The Lower East Side
goes upscale

The Lower East Side, a neighborhood long associated with counterculture, after-hours bars and rusty tenements, is getting a glossy makeover. “The most surprising aspect of the Lower East Side’s… [more]

The looming Fifth Avenue
tax hike smack down

International tourists buying up trendy handbags and other bling are not the only ones dialed into the ramped-up retail offerings on prime Fifth Avenue… [more]

Residential comps are
becoming a waste of time

Pricing residential real estate has always been part art and part science. But amid uncertainty over the state of the market, agents say coming up with… [more]

Editor’s note:
Live from LA … it’s TRD!

Westward ho! We at The Real Deal have heeded the call to “Go West” and just launched our new Los Angeles website. We’re more than excited to be bringing our combination of breaking news and in-depth analysis to one of the largest markets in the U.S…. [more]

We Heard

When Scott Singer of the Singer & Bassuk Organization decided to propose to his wife, his client Henry Elghanayan of Rockrose Development was one of the first to know. That’s… [more]

It may have been the incubator for abstract works of art, but last month’s sale of artist Frank Stella’s longtime East Village studio was all too real. Investor Arthur… [more]

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