June 2018 Issue

Kushner, unfiltered

Charlie Kushner has a few things he wants to get off his chest. Bombarded with investigations into his family’s business dealings since his son, Jared, became a senior advisor in the Trump administration, he’s out to squash critics who suggest his multibillion-dollar real estate empire is faltering. On May 23, the Kushner Companies patriarch, who founded his firm more than 30 years ago, sat down with The Real Deal to… [more]

Is New York City headed for another foreclosure crisis?

When Canadian fashion mogul Maurice Benisti’s company lent nearly … [more]

The crypto test cases

Matthew Hansen’s dream house used to be a monastery. The hedge funder bought a Hell’s Kitchen townhouse… [more]

Inventory overload

The Manhattan condo market is starting to feel like the beauty counter in a fancy department store — with everyone from perfume spritzers to makeup artists vying for buyers’ attention…. [more]

Sizing up the AG contenders

The city’s real estate industry has plenty at stake in November’s election for the next New York attorney general. On top of serving as the state’s chief legal officer, the… [more]

Will the Meatpacking’s retail renaissance flourish or fade?

On a recent spring day in the Meatpacking District, a group of tourists… [more]

Manhattan’s top agents

New York’s residential market was something of a puzzle in 2017 — with exuberant buyers dropping eight-figure sums at 432 Park Avenue one minute, and price-conscious shoppers sitting… [more]

Manhattan’s listing wars

They won the listings — but can they sell them? That’s a question New York’s top residential agents have been grappling with for the past few years, with buyers calling… [more]

Early work

Donald Trump touted his — supposedly — humble start in real estate during his presidential campaign, when he cited the $1 million “small loan” given to him by his father…. [more]

Meet Brooklyn’s most
prolific developer

Boaz Gilad got up from his desk. “Let me just close the window,” the Brookland… [more]

The Closing: Dean Dakolias

Constantine (“Dean”) Dakolias is co-chief investment officer of the credit funds group at Fortress Investment Group, the Midtown-based investment manager that SoftBank acquired for $3.3 billion last … [more]

Beware: World Trade Weariness

Roughly 10 years after ground broke on 3 World Trade Center, the tower is finally slated to open this month. And now that it’s near completion — rising to… [more]

Residential market report

Home sales value and volume tumble New York’s residential market is still grappling with a hangover as the city saw year-over-year declines in total sales for the third consecutive quarter…. [more]

Commercial market report

Multifamily sales reach highest level since 2016 New York’s multifamily sales market notched its strongest month in more than a year. The dollar volume of transactions crossed the $1 billion… [more]

Editor’s note: Kushner’s conundrum

When Charlie Kushner agreed to a sit down for an extended interview with The Real Deal, the first question we asked ourselves was, “Why?” The Kushner Companies founder — whose… [more]

Joe Farrell’s not-so-sad saga

Beyoncé and Jay Z. Madonna. Russian billionaire Valery Kogan. These famous faces are among the many who have summered — or at least weekended — at Joe Farrell’s Sandcastle mansion…. [more]

When selling at a discount still means a $36 million price tag

UPDATED June 13, 12:12 p.m. The past year was a slower one for the East End housing market, but as usual, that didn’t stop some well-heeled buyers from shelling out… [more]

A new golden age
of East End living?

From a troubled beachfront timeshare to a resort empire linking Montauk to Newport, Rhode Island, Gurney’s has… [more]

It ain’t easy for the East End’s top residential brokers

To keep their edge in the rapidly evolving East End real estate market, … [more]

To find a place out east, some head west

With a lack of affordable options in the old, moneyed Hamptons and traffic only getting worse, a bevy of small towns on the edges of the Long Island enclave are… [more]

Hamptons agents have at it

Against the backdrop of the serene waters of the Hamptons and its laid-back, resort-style living, a bitter legal storm that’s been long brewing between Compass — a relative newcomer to… [more]

Starchitect, schmarchitect?

In the Hamptons, oceanside compounds with formal gardens, turf tennis courts and sumptuous swimming pools … [more]

Politicians walk
a fine line out east

From restrictive land use policies to fiercely protective residents, developers on the eastern end of Suffolk County face an uphill battle to not only break ground … [more]

Room to grow

While the East End hospitality market will see a handful of new keys this summer, demand is still outstripping supply, with weekends booking up well in advance and a new… [more]

Doing business
in a beach town

Danielle Candela credits her time at Southampton co-working venture The Spur with “changing her life.” For starters, she won $25,000 to fund her start-up … [more]

The baby boom boon

The baby boom has increasingly turned into a boon for builders on the East End. With the youngest of that generation set to turn 55 in 2019, developers are racing… [more]

The industrial divide

The East End tends to obsess over posh mansions behind privet hedges, trying to hide the more matter-of-fact buildings on dusty lots where landscape … [more]

When bigger isn’t better

The tide may finally be turning on the “more is more” building trend that has dominated recent decades — though it depends who you talk to. On the East End,… [more]

Hamptons hideaways of the rich and famous

Several homes with celebrity cachet — current and historical — have hit the market this summer. But a famous seller… [more]

Editor’s note:
Building dreams

It’s likely safe to say that nobody on the East End was terribly shocked when Joe Farrell’s Sandcastle recently hit the market again, this time for about $50 million —… [more]

We Heard

The Corcoran Group’s A team spent a rosé-soaked week in Barbados last month as part of the brokerage’s annual President’s Council retreat for its top 40 agents from New York,… [more]

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