July 2014

Real estate’s big ideas

New York City’s established real estate players and its burgeoning startup community are always on the lookout for the next big idea — something that can revolutionize the industry and rake in large profits. Sometimes, these ideas set a new industry standard, such as StreetEasy did when it launched its online database of sales listings in 2005, and other times they are merely a flash in the pan. This past… [more]

Manhattan’s riskiest development deals

It’s no secret that prices for both luxury condos and development sites are surging in Manhattan. Land prices in Manhattan’s most popular neighborhoods have doubled compared to two-to-three years ago…. [more]

New condos, new stars

As multi-million dollar condos in new luxury buildings hit the Manhattan market, the brokers locking in those projects are quickly becoming the envy of the industry. The agents landing these… [more]

Bjarke Ingels

Bjarke’s NYC blitz

What if power-broker Robert Moses and urban activist Jane Jacobs had a love child? What if they could have come together to create an immense infrastructure project, which integrated the… [more]

Buyers look down to bid up

Warburg Realty’s Lisa Larson scoured the East Side for more than a year with clients looking to buy a two-bedroom for less than $1.3 million. Ten months ago, they lost… [more]

Behind Leonard Steinberg’s Urban Compass leap

It was the shot heard ’round the real estate world. Last month, Leonard Steinberg ended his 13-year tenure with Douglas Elliman to join real estate technology startup Urban Compass as… [more]

Yair Levy (photo by STUDIO SCRIVO)

The Closing with Yair Levy

Yair Levy is an investor and developer who rose to real estate prominence through several high-profile residential condo conversions during the boom, including the Sheffield, 225 Rector Place and the… [more]

First half Manhattan leasing strongest since 2002

Office leasing volume for the first six months of 2014 was the strongest in a half-year period since 2002, led by large leases like the Bank of New York Mellon… [more]

Super-luxury smackdown

What’s in vogue one moment is often passé the next — a maxim that holds true for luxury real estate. The gleaming towers that are now in fashion in Manhattan… [more]

Stephen Kliegerman and Nancy Packes

Luxury condo overload?

New York City’s new development condos have been breaking price records and making headlines for their over-the-top, boom-time-like amenities. But there is still concern about just how sustainable the market… [more]

A hotel mystery reveal

Everyone enjoys a good mystery, and, of late, one of the more intriguing mysteries in the field of architecture in the five boroughs has revolved around the planned Level Hotel… [more]

Chinese developers ramp up in NYC

Chinese buyers purchasing condos have made headlines in New York for some time. But with China’s real estate market overheating, more Chinese developers are getting into the New York City… [more]

The former Childs Restaurant

Coney Island’s comeback crawl

The crowds heading for the Coney Island boardwalk this summer will be greeted by a towering new roller coaster and a smattering of new restaurants and stores. But even as… [more]

Splits grow more crucial as market tightens

Real estate veterans Paul Purcell and Kathy Braddock spent seven years building Rutenberg Realty into a fast-growing firm that lets brokers keep the lion’s share of their commissions. But as… [more]

Behind the home equity boom

For most homeowners, their property is their biggest asset. It can’t be tracked online or checked in monthly statements sent by a bank, but it’s crucially important for their personal… [more]

Michelle Adams and Steven Spinola

Filling Spinola’s shoes

The Real Estate Board of New York has tapped Jack Lusk at the executive recruiting firm Harris Rand Lusk to lead the search for its first new president in nearly… [more]

A snapshot of three firms’ splits

Split schedules vary slightly at traditional firms. But one insider provided TRD with the split schedules for three firms: Corcoran, Elliman and Town. Basically, the more money in gross commission… [more]

Editor’s note

It’s not a breaking news flash that the world has become a smaller and more interconnected place. But in no place is the evidence of this global shrinking more on… [more]

Guests with Jill Zarin (second from right)

Luxury Listings NYC’s summer soirée

More than 250 designers, TV personalities, brokers, real estate executives and bankers gathered at the swank Beautique restaurant across the street from the Plaza Hotel last month to ring in… [more]

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