January 2015

Who’s heading to housing court?

The suspicion, anger and lack of trust over money can make the atmosphere at 111 Centre Street in Lower Manhattan seem a lot like divorce court. But the sparse halls and windowless hearing rooms of Housing Court are filled with the emotional energy of squabbling landlords and tenants. Landlords turn to the courts to oust troublesome tenants, nonpaying tenants, and, in some cases, low-paying tenants. In the vast majority of… [more]

January 2015
The Real Deal magazine

New condo sales
hit a new pace

As 2014 wound down, a curious trend emerged among real estate heavyweights. Even amid a new development sales boom, one top developer after another voiced concern about the ultra-high segment… [more]

25 over $30 (million)

Last year’s residential market got most of its buzz from developers racing to build luxury condos, but it was eye-popping co-op sales that shattered records in 2014. The priciest purchase… [more]

De Blasio: Year One

It’s no wonder that when the dust settled on the Democratic mayoral primary some 15 months ago, the real estate industry eyed candidate Bill de Blasio with some measure of… [more]

New buyers, one broker rule in 2014 building sales

Low interest rates, brisk sales, a more active commercial mortgage-backed securities market and white-hot land prices helped drive a surging investment sales market in 2014 — and one of the… [more]

The Closing: Don Peebles

Since launching Peebles Corp. nearly three decades ago, Don Peebles has developed six million square feet of real estate in Florida, California, Washington, D.C., and, for the past three years,… [more]

Global gloom props up dollar …and NYC real estate

The strength of the greenback against other currencies is not weighing down foreign interest in New York real estate. Instead, international investors are even more likely to now view brick-and-mortar… [more]

Re:Cap

30 Hudson Yards may have a high-floor walkway that … tilts. Related president Jay Cross said of it recently, “You can choose to pay for it separately and crap your pants.”… [more]

Altared sites:
Soon-to-be-dark churches stand on enticing ground

For many Catholics, the sweeping decision made by church officials to merge about 40 parishes in New York City came as a tough blow. Come summer, when the restructurings plans… [more]

Anthony Orso

Taking on the big guys
at Cantor Commercial

Lining a windowsill in Anthony Orso’s office at Cantor Commercial Real Estate are dozens of statuettes — deal toys, he calls them — one for each of the $8 million… [more]

Bracing for rising interest rates in all corners of real estate

Most observers last year predicted that interest rates would rise in 2014 as the Federal Reserve removed its stimulus, but the exact opposite happened. Rates are lower now than they… [more]

Adding a cherry on top

From the very beginning of urban coexistence (or at least from the moment when mankind came up with the bright idea of living somewhere other than the ground floor of… [more]

From left: Julia Boland

Contingencies come back

For the latest sign that Manhattan’s residential market is returning to normal after last year’s frenzied pace, look no further than sales contracts, where 30-day mortgage contingencies are experiencing a… [more]

Code-and-flue season

While the square foot is the measure on many industry minds, real estate is often a game of inches: from plans for the length of a kitchen counter to the… [more]

Is more partying ahead,
or a hangover?

There was plenty of Dom to go around on New Year’s Eve, with both the commercial and residential sides of the New York City market having racked up a year… [more]

Palm Beach's Worth Avenue compares with Fifth Avenue.

Where to buy when it snows

If the frosty start to the season is any indication, predictions are on target for a colder- and snowier-than-normal New York winter. Gothamites unable to endure slogging through another slush… [more]

Ridgewood Rising

Once upon a time, the neighborhood of Ridgewood, Queens, was part of the borough of Brooklyn. Residents, however, were happy to put that history behind them. … [more]

The symphonist of steel

For one of the busiest architects in the world, the 63-year-old Santiago Calatrava projects an aura of enviable leisure. The Real Deal visited him recently in his sumptuous home/office, formed… [more]

Finally, looser lending

When it comes to buying a home, many feel that they are in the “no way I could possibly qualify” category. Obstacles include not enough cash in the bank for… [more]

What they’re reading now

Where do you look for insight and inspiration? To find out, The Real Deal asks leaders in the industry what they’re reading. Diane Ramirez CEO, Halstead Property What are you reading… [more]

Out with the old
in Midtown South

An office neighborhood does not change its character suddenly. Even as technology firms in recent years snapped up many of the new spaces in Midtown South and rents escalated in the… [more]

The Rivergate Apartments

Government briefs

The Landmarks Preservation Commission dropped its recent plan to remove 94 structures and two historic districts from the agency’s oversight. Of the more than 100 … [more]

Editor’s note:
Real estate’s new era

This month marks the end of the first year of a new era in New York City real estate, mirroring a new period for the whole city. It’s the first… [more]

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