Big Hamptons brokerages beef up
As spring turns to summer, and East End sales prices and activity increase like traffic on Route 27, the Hamptons’ top residential brokerages are making sure that they’re along for the ride. Building on their gains from last year, these firms continue to pad their ranks with new agents, to a degree not seen in years. In fact, nine of the 10 largest firms added agents in 2014, according to… [more]
Real estate’s highest paid lawyers
When the $1.1 billion sale of the Sony Building at 550 Madison Avenue closed last year, a slew of lawyers from a handful of firms were scattered around Manhattan in… [more]
Luxury lingerers
Even in a hot market, some properties just go cold. While prices of über high-end Manhattan apartments are skyrocketing and inventory is tight, not every luxury property ends up in… [more]
City Hall’s Goldman girl: Alicia Glen
David Belt of development firm Macro Sea was struggling last year to put together a deal for an 84,000-square-foot high-tech manufacturing center at the Brooklyn Navy Yard. Belt needed to… [more]
The big office space shuffle
An array of Midtown’s large office buildings are working to backfill mega-blocks of space slated to be left vacant when tenants with hundreds of thousands of square feet move out…. [more]
Ritzy rentals lag on East End
The summer Hamptons rental market didn’t heat up until temperatures rose. Local brokers said demand for the priciest rental properties on Long Island’s East End froze as snowy days and… [more]
What do you mean, “sold?”
Pricing property sometimes seems like trying to hit a moving target. For brokers, determining an appropriate asking price boils down to a combination of factors: Understanding the market, knowing the… [more]
Landlord incentives persist — in pockets
With record-high rents and extra-tight inventory, fewer Manhattan property owners are dangling incentives to lure renters and brokers to their buildings. But the practice persists in certain neighborhoods — predominantly… [more]
Asking rents drop sharply Downtown
Despite large leasing deals such as Time Inc. relocating to Lower Manhattan last month, the average asking rent in all three Manhattan markets ticked down in May, the first time… [more]
The Closing with Stephen Ross
Billionaire developer Stephen Ross is the chairman of the Related Companies, the firm behind Hudson Yards, the mega-project on Manhattan’s Far West Side. The $20 billion project will include 16… [more]
Pricey Hamptons homes shatter records
Top-dollar Hamptons sales and listings are nothing new, but the past 12 months commanded especially impressive prices in Long Island’s bastion of billionaires. The priciest deal of the last year… [more]
Feverish investment for Far West Side
The redevelopment of the Hudson Yards site by the Related Companies into a massive hodgepodge of 17 million square feet of new commercial, residential, retail and open space is well… [more]
Hitting the hotel sweet spot
The New York City hospitality industry has been in the spotlight lately — and not just for the fancy new hotels going up all over Manhattan. It has, of course,… [more]
‘Whisper’ listings make more noise
The so-called “whisper listing” is a longtime staple among New York City sellers looking to quietly unload a high-priced luxury residential property. Sellers, of course, choose to sell their properties… [more]
The newest batch of Hamptons’ hot hangouts
The Hamptons summer season is officially underway, and this year’s East End pleasure seekers will soon become acquainted with the new hotspots born during the off season — from upscale… [more]
Affordable development darlings
It seems like only yesterday that big-time luxury developers were the darlings of City Hall. Under Mayor Michael Bloomberg, firms like the Related Company, Vornado Realty Trust, Tishman Speyer and… [more]
What happens in retail
About 2,000 real estate players from New York attended the massive International Council of Shopping Center’s annual RECon conference in Las Vegas last month. The event, which drew 33,500 people,… [more]
Getting a ‘Handel’ on the UWS
Few areas of Manhattan have been as fundamentally transformed over the past few years as the stretch from the west side of Amsterdam at 66th Street to the point where… [more]
Brooklyn’s old-school investors
The behind-the-scenes wrangling that has played out over the past two years to control 49 Dupont Street, the massive development site in Greenpoint, is not so different from the white-knuckle… [more]
Cash-outs stage a comeback
The name itself conjures up images of ATMs: cash-outs. Many may associate the term “cash-out refinancing” with the frothy and dangerous days of the real estate boom, when some owners… [more]
Editor’s note
The number of super-luxury condo projects keeps increasing in Manhattan, and that means the amenity wars are back in full swing. Like toothpaste companies that come up with new ways… [more]
