March 2018 Issue

Will the feds bungle billions?

Harry’s Bar — tucked away on the second floor of the Park Lane Hotel — isn’t the sexiest place for a nightcap. Narrow and dark, it has heavy wood paneling and low lighting, with no hint of the building’s dazzling Central Park views. On a recent weeknight, an anemic crowd sat nursing drinks mostly in silence as an episode of “Jeopardy!” flickered across a flat-screen TV. It’s hard to imagine… [more]

Will a tech giant’s huge appetite transform a vibrant slice of Manhattan?

It started as a lease expansion. But Google — in its quest for dominion over … [more]

How is Himmel shaping Hudson Yards?

Ken Himmel was sitting in his Boston office after lunch one quiet afternoon in the mid-1990s when the phone rang. … [more]

Can Related apply its Time Warner Center touch to Hudson Yards?

 Ken Himmel is spearheading the hotel-and-retail ground game for the Related Companies at its gargantuan Hudson Yards project on the Far West Side. That’s no easy task in today’s… [more]

HNA’s fast fall from grace

The guest list for the China General Chamber of Commerce USA’s annual gala is a who’s who of Chinese and American business royalty. In mid-January, … [more]

Piping in listings,
pumping out cash

It might sound unglamorous, but back-end listing systems for residential … [more]

Newbies fight for
market share

Winning the assignment to lease up a trophy Midtown building is a brass ring for any brokerage. Not only can it generate… [more]

The Closing: Richard Born

Richard Born co-owns the largest portfolio of independent hotels in New York, with an empire spanning 28 properties and 5,000 rooms in Manhattan and Brooklyn…. [more]

WATCH: Highlights from The Real Deal’s toast of Stephen Siegel

 Whether it can truly be a considered a roast, commercial real estate’s elite still managed to exchange some light-hearted barbs with CBRE’s Stephen Siegel, who was honored during a benefit… [more]

Bay watch

The condos are coming to Sheepshead Bay. And some have catchy names like the Ocean, the Vue and 1 Brooklyn Bay. The sponsors behind those projects — including the local… [more]

Who’s designing NYC’s skyline?

The battle for designing One Vanderbilt came down to three distinguished architecture firms, all with impressive international portfolios — and chops building complex office towers. … [more]

Steven Schnall’s
American dream

About a year ago, Taylor Swift’s security team knocked on the door … [more]

The godfather of the modern  commercial brokerage

Agents with specialties. Electronic databases that track tenants. Shiny shoes and suspenders. In ways both substantive and superficial, the Edward S. Gordon… [more]

NYC’s alien spaceship
makes landing

There are architects, there are starchitects and then there is David Adjaye, for whom the term “rock starchitect” may need to be invoked. The telegenic Bjarke… [more]

Is the ‘crack cocaine of real estate financing’ here to stay?

Based on recent headlines, it might sound like the EB-5 visa program is akin to a kiss of death for some developers. In January, it became known that the U.S…. [more]

How long is the Bronx investment runway?

The Bronx may be the cheapest residential market in New York, but on the investment front, it’s still got runway. And, the latest market report for the borough … [more]

Has the retail-condo market bottomed out?

“Retail” was a four-letter word in the industry last year. But a recent spate of retail-condo sales in early 2018 might reflect changing attitudes. Investors bought… [more]

Editor’s note:
Hello Google, farewell HNA

The priciest New York City real estate deal in 2017 already looks to be going south, thanks to what one industry player called “one of the most reckless investors I’ve… [more]

Long Island’s leading brokerages

While The Real Deal’s annual ranking of top Long Island brokerages suggests little has changed over the past year in the… [more]

Long Island does condos its own way

Long Island, traditionally associated with single-family homes, is still seeing… [more]

‘Open’ season in the Hamptons

The imminent arrival of the U.S. Open at Shinnecock Hills Golf Club in Southampton this June has helped bounce the high-end Hamptons summer rental market… [more]

At a glance: The Belmont Park Arena Plan

Like a puck in a rink, the New York Islanders pro-hockey team has seemed to careen around the region in recent years in pursuit of a long-term home. Based for… [more]

The wolf in Wolkoff

Battle mode may come with the territory when building Long Island’s largest project since Levittown. Jerry Wolkoff… [more]

The busiest developers
on the island

In recent years, Long Islanders have been in the process of rethinking the notion of suburbia, shifting from a vision of green lawns, white picket fences and… [more]

The gatekeepers

On  Long Island, developers have to pick their battles. That includes everything from the size of the project to the town or village where it will be located. Because of… [more]

Nesting on the Gold Coast

Before the Hamptons and Palm Beach, Long Island’s serene North Shore was the country seat of New York’s most powerful families. But in time, other flashier locales… [more]

Money Moves:
biggest buys of the year

Everybody seems to want in when it comes to Long Island commercial real estate. Due to the dense population, low … [more]

Stop! Collaborate and cowork

Forget the C-suite and the corner office. The operative buzzword  in the Long Island office market today is “collaboration.” Companies are seeking out and building work spaces that echo the… [more]

Are discount retailers
Teflon tenants?

Tesla, L.L. Bean and Neiman Marcus have all touched down on Long Island in recent years, and they’ve generated plenty of buzz. But they’re not the only national … [more]

Still boom times
for LI borrowing

The commercial real estate lending market on Long Island has had a good run… [more]

10 years after the crash

The past year was bustling for Long Island’s residential and commercial real estate markets, with high demand for homes, consistent office rents, relatively low retail vacancies and continued demand… [more]

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