July 2018 Issue

Will Cushman fall flat on Wall Street?

Cushman & Wakefield stands alone among the city’s big commercial brokerages. Not only is the 100-year-old firm the last of its peers to go public, its Sixth Avenue headquarters makes it an outlier as well. Cushman’s main competitors — CBRE, JLL and Newmark Knight Frank — are all located several avenues over, near Grand Central Terminal. So when Cushman sought to consolidate several offices it inherited amid a wave of… [more]

Merger mania

The recent bidding war for LaSalle Hotel Properties has played out like a high-stakes poker match. The price tag for the real estate investment trust — which owns… [more]

New York’s vertical problem

If completed, the world’s tallest building would stand not in the center of a global capital, but in an empty, sprawling development plot in a Saudi Arabian port city. The… [more]

No longer New Yorkers

It was early January — just weeks after President Trump’s tax bill went into effect — when Colby Gaines, a producer of the reality TV show “Pawn Stars,” approached his… [more]

Kushner Companies
v. Everyone

City Council member Brad Lander… [more]

Is EB-5 coming apart
at the seams?

As migrant children lay separated from their parents in detention centers in… [more]

Chinese investors want their millions back

When eager Chinese citizens invested in the Times Square Edition hotel through the EB-5 visa program roughly four years ago, they expected to secure green cards within five years. But… [more]

Bypassing the rental broker

Being a New York City rental broker has always been a tough gig. But the job is getting even harder. It’s now been exactly one year since StreetEasy began charging… [more]

The title insurance titans

Editor’s note: This story was published shortly before a judge annulled the Department of Financial Service’s new regulations on title companies’ marketing practices. The DFS has said it plans to… [more]

The Closing: Peter Kalikow

Peter Kalikow is president of the development and management firm H.J. Kalikow & Company and a third-generation executive in the Kalikow family real estate business. He joined his father… [more]

Original, but not radical

Rising two blocks south of the World Trade Center site, Rafael Viñoly’s latest building, 125 Greenwich Street, was supposed to be Lower Manhattan’s answer to 432 Park Avenue. The latter… [more]

Will the Gowanus rezoning be what developers hoped?

Rezoning Gowanus has been on the agenda of developers and politicians… [more]

Residential market report

Record townhouse deal falls apart, but market is unfazed June was a tough month for Vincent Viola, whose deal to sell his Upper East Side mansion for $80 million fell through,… [more]

Commercial market report

Downtown’s sublease space up 76 percent Prospective office tenants will have a lot of office options Downtown. The submarket saw a 76 percent increase in the amount of office space… [more]

Editor’s note:
Real estate Mad Libs

The Real Deal’s editors often get asked about the best ways to submit information for publication when a broker or developer has big news to announce. In many cases, these… [more]

Only the tech-savvy survive

Staying ahead of the pack in real estate isn’t cheap these days, and the industry certainly isn’t for Luddites. Agents say a combo of ready cash and tech know… [more]

Ranking NJ’s high-end
home sales

Brokers selling homes in North Jersey saw nearly a dozen properties leaving the market for upwards of $4 million between May 1, 2017, and April 30, 2018, … [more]

Setting a new tone in the Garden State

When Phil Murphy beat out then-Lieutenant Gov. Kim Guadagno to clinch the gubernatorial seat in New Jersey last November, his victory was … [more]

The right side of the tracks

As more and more young families and professionals flee New York in search of more space and a lower cost of living, New Jersey towns with easy access to transit… [more]

Atlantic City goes all in

Atlantic City seems to be getting back in the game. The recent legalization of sports betting can only help the casino-driven local economy, experts say. But … [more]

Making the old new again

Beaten down and brushed off for decades, Newark has bounced back in recent years, primarily due to the construction of apartment buildings. … [more]

Redevelopment keeps
Montclair on the map

Montclair has always been a popular New Jersey location, but it’s recently been getting more than its usual fair share of attention. That’s in part because, after living… [more]

Tallying NJ’s residential developers

Surging construction costs compounded by new tariffs and high land prices are the talk of the town among developers these days, but a huge spike in the number… [more]

Developers still see a bargain in Jersey City

The Jersey City boom is booming on, but even this real estate success story isn’t immune to a bit of presidential controversy. One of its biggest developers,… [more]

Office deals make
for heavy lifting

Last year’s sluggish New Jersey office leasing market continued… [more]

A new era of office amenities

From barista bars and fitness centers to walking trails and conference facilities, office landlords in suburban New Jersey are racing to upgrade properties with … [more]

A new reason to visit the races

After taking a lead role in successfully challenging the federal law banning sports betting in most states, New Jersey is poised to reap the benefits, from a general economic boost… [more]

Ranking the retail mix

With brick-and-mortar retail still struggling to adapt to a new normal in the wake of the Amazons of the world, the… [more]

Beyond urban New Jersey

While development in New Jersey’s urban centers is what primarily makes headlines, other areas of the Garden State are also capturing the interest of builders. The Real Deal looked in… [more]

New Jersey grapples
with new tax law

Everyone knows New Jersey is a high-tax state — it has the priciest property taxes in the country. That’s why homeowners are gnashing their teeth over… [more]

Ganja in the Garden State

No one knows exactly what the future of cannabis will look like in the state of New Jersey. As recently as February, a survey of state senators by NJ Cannabis… [more]

Editor’s note: Of tech and taxes

It takes a lot to stay on top, as any broker anywhere will tell you. And New Jersey — perhaps in particular — has its own set of challenges, as… [more]

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