The Real Deal New York

March 2019 Issue

Amazon’s ashes

Inside the retail giant’s abrupt LIC exit, which has put an end to the short-lived froth in the market and spurred debate about NYC’s hopes of luring in the next mega-tenant

It’s no secret that the real estate industry was salivating over Amazon’s arrival in Long Island City — and was giddy about the potential ripple effect expected for the entire New York market. But the retail giant’s decision to ditch its plans for a second company headquarters in LIC had a more apocalyptic effect on some than on others. Not only had Amazon tapped TF Cornerstone to develop part of […]… [more]

The people’s champ —
and the industry’s adversary

After facing down the e-commerce giant run by the world’s richest man, Sen. Michael Gianaris of Queens is ready to go toe to toe with real estate’s elite

After the collapse of Amazon’s … [more]

Can real estate lobby the left?

With billions tied to rent reforms on the line, the industry may lose a lot more than elections if it can’t figure out a strategy that goes beyond campaign cash

Cocktail hour at the “Liar’s Ball” — the Real Estate Board of New York’s annual gala — is all about being seen. Brokers and … [more]

Has the RLS ship sailed?

With pressure from StreetEasy mounting, REBNY is pushing to improve its syndicated listings feed, but some fear it may be too little, too late

When the Real Estate Board of New York flipped the switch on syndication — the technical term for blasting listings… [more]

HFZ vs. the market

Ziel Feldman set tongues wagging when he borrowed $1 billion for a site near the High Line, and with the project now topping out, the market is not cooperating

There’s nothing particularly modest about Ziel Feldman’s megaproject rising on 11th Avenue along the High Line — … [more]

But at the Belnord

HFZ is seeing stronger sales on the Upper West Side as buyers flock to the prewar conversion

While early sales for HFZ’s under-construction Downtown development — the XI — may be off to a slow start, the firm’s Upper West Side project, the… [more]

Building on a prayer

Churches are raising their property stakes — from housing joint ventures to multimillion-dollar land deals — as New York gets increasingly expensive

The city’s real estate industry isn’t known for showing mercy. But as New York continues to grapple with an affordable … [more]

The Closing:
Anthony Scaramucci

The SkyBridge Capital founder on his loyalty to Trump, his $3 billion Opportunity Zones fund and his “crazy Italian family”

Anthony Scaramucci may be best known for his 11 tumultuous days as … [more]

NYC’s architects re-angle

With project costs through the roof and more developers looking to the outer boroughs, TRD ranked the most prolific firms citywide

Last year, residents began moving into TF Cornerstone’s massive new rental tower at 606 West 57th Street in Hell’s Kitchen, where some units were asking… [more]

The design firms with the biggest footprints in NYC

TRD’s ranking includes new building, alteration permits in the last 10 years

To better understand the architecture firms behind some of the city’s biggest projects, The Real Deal analyzed new building (NB) and alteration (A1 and A2)… [more]

The architecture shops with the most projects completed in 2018

TRD’s ranking includes new building, alteration permits issued TCOs in 2018

The Real Deal ranked the architects issued temporary certificates in 2018. … [more]

These are the top architecture firms in each borough

TRD’s ranking includes new building, alteration permits in the last 10 years

The Real Deal ranked the top performing architects in Manhattan, Brooklyn, … [more]

MAP: These architecture firms are designing NYC’s skyline

  Want to keep up with projects being completed in New York City? Check out The Real Deal’s interactive architecture map, which tracks projects that have received an initial temporary […]… [more]

The first to the last mile

As the e-commerce industry booms, investors are betting big on new urban warehousing — but how deep can the market go?

When Andrew Chung left the Carlyle Group to launch his own company four years ago, multistory industrial space for e-commerce companies was … [more]

Day in the life of: James Wacht

Lee & Associates NYC’s president on taking ballet classes, mediating to white noise and keeping spirits high at work

Thirty years ago, James Wacht was a young real estate attorney whose clients included a rough-around-the-edges property management firm named Sierra … [more]

Residential market report

From Manhattan’s lagging luxury market to a rise in townhouse prices, a look at the biggest trends

Billionaires’ Row sellers are taking some steep losses Luxury residential resales have been some of the biggest loss-makers in recent years, according to … [more]

Commercial market report

From an I-sales comeback in Queens to REIT merger mania, a look at the biggest trends

Queens I-sales enjoyed a rebound in 2018 The Queens investment sales market bounced back last year, boosted by a few big deals. The borough saw 619 deals totaling $4.67 billion, […]… [more]

Editor’s note:
The great whiplash

Call it Ping-Pong politics. The people who thought Donald Trump’s election would be a boon for business might want to think again. With the federal government moving so far right, […]… [more]

Features

In the wake of a CEO shakeup, a look at where the Zillow-owned portal began and the tumult it’s faced
The Triplemint CEO on using predictive analytics, his crew days at Yale, and his love of Portuguese architecture
A roundup of news and data on the residential market
A roundup of news and data on the residential market
A roundup of news and data on the commercial market
A roundup of news and data on the commercial market