The Real Deal New York

February 2017 Issue

Wall Street in the age of Trump

The new president’s deregulation plans could unleash Wall Street growth and have big NYC real estate ramifications, but will he self-sabotage?

In the weeks since Donald Trump’s unlikely presidential victory, Wall Street has surged and added a lot of zeros to bank account balances.  The controversial president swept into the White House vowing to deregulate the banking industry and promising a slew of other pro-business policies, including corporate tax cuts. If there was any doubt about his intentions, he quickly stacked his team with a handful of Goldman Sachs alumni, creating … [more]

The inner circle

A look at the Goldman alumni and other players on Trump's team

The estimated net worth of Trump’s cabinet is now pegged between $12 and $15 billion — on par with the projected cost of building the Mexico border wall. Four of the new administration members follow in the footsteps … [more]

Charlie Kushner’s redemption

After a stint in prison and years in the shadows, the developer is regaining his stature thanks to his son’s meteoric rise to the White House

When real estate broker David Falk’s father died in the fall of 2013, he and his family sat shiva at his Westchester home for several days. Later that week, when … [more]

The new investment
sales game

Annual ranking puts Eastdil on top,
but market slowdown and major
broker reshuffling are already
being felt on the ground

For the last six years, Eastdil Secured has beat out the competition, landing the top spot on The Real Deal’s ranking of … [more]

Queens takes the throne

With investors pulling back in NYC, the borough bucked the trend to become the city’s hottest bet in 2016

Last July, Madison Realty Capital ventured as a buyer for the first time into Rego Park, a middle-class neighborhood in the heart of central Queens that has of late seen a flurry of upscale developments. … [more]

Queens roadmap: A real estate investors guide to NYC’s most expansive and diverse borough

1. LONG ISLAND CITY The former industrial hub-turned-development mecca of Long Island City continues to be ground zero for real estate projects in Queens. Over the last 10 years, roughly … [more]

Re-creating Colliers

The global firm has long been a laggard in NYC, but its latest broker poaches could increase its standing

Colliers International’s New York City office has never exactly been a selling point for the commercial brokerage. Unlike many of its leading rivals — such as Cushman & Wakefield, CBRE, … [more]

Zoning control

From funding affordable housing to infrastructure, how zoning became the de Blasio administration’s sharpest tool

Carl Weisbrod, the city’s planning czar, finally put rumors to rest last month when he stepped down just one day after the City’s Planning Commission kick-started the long-awaited proposal to … [more]

TRD explainer: Airbnb v. NYC

The company faces an uphill battle in the Big Apple and across the country

Airbnb, the home-sharing site valued at $30 billion, has managed an impressive feat in New York: staying in business despite opposition from not only real estate and hotel groups, but … [more]

The Closing: Ralph Herzka

The Meridian Capital chief on his Brooklyn roots, spin classes,
and supporting Trump
from the outset

Ralph Herzka is chairman and CEO of Meridian Capital Group, the Manhattan-based commercial mortgage brokerage he co-founded with fellow investors … [more]

Meier turns to the dark side

A change of palette brings new subtleties to the architect’s work

As everyone who has followed the illustrious career of architect Richard Meier knows, the Pritzker Prize winner favors a white, or at least a pale, palette for the buildings he designs. And as everyone who has … [more]

Letters, emails and comments to The Real Deal

Our January cover story on real estate's diversity problem sparked a wider conversation both inside and outside the business.

Our cover story last month on the challenges that women and minorities face in New York City real estate has initiated many … [more]

New year, new president,
new market predictions

Experts ponder the impact of a Trump presidency, whether megaprojects are over and the future of CRE

Presidential inaugurations often usher in a good deal of uncertainty, but the dawn of the Donald Trump era has introduced a particularly high level of anxiety … [more]

NYC’s resi deal killers

From indecisiveness to mortgage contingencies, the factors ruining some of today’s residential transactions

Mortgage contingencies. Cold feet. Better offers. Politics. In today’s softer market, there are any number of factors that can derail a sale, according to brokers. And both buyers and sellers … [more]

Developers, unbowed, build on

Disregarding a down market, some developers are banking on a more favorable climate in the future

Despite an uncertain political climate and a challenging real estate market — in which office leasing has slowed and condominium sales turned sluggish — scores of New York developers are … [more]

What about HUD?

Housing experts are scratching their heads in an environment of unclear comments and unpredictable
market reactions

With still no clear signal on housing policy, Donald Trump’s early cabinet appointments bring more questions than answers when it comes to the future of the Federal … [more]

Can the Trump bounce last?

Markets crave stability, but you’d be hard pressed to call the first days of the Trump presidency stable.

Trump’s core populist appeal — his promises to reverse economic hardship in the working-class heartland — seems to have been lost amid debates over inaugural crowd sizes, … [more]

Features

As luxury prices continue to slide, the sellers of Manhattan’s swankiest homes face a daunting 2017
The real estate lawyer on writing books,
client crises and staying grounded
Cushman & Wakefield’s vice chair on jogging
with his rescued mutts, eating unhip lunches
and helping Paul Massey run for mayor
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
A roundup of real estate-related happenings
from last month
Real estate pros share picks for books on
Douglas MacArthur, architecture and being overwhelmed by change
The funniest and most insightful comments
on real estate

Comings and Goings

Tom Duke has been appointed managing principal at Benher Capital Partners. Duke will launch the firm’s new real estate investment, management and development platform in New York. He was previously … [more]

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