March 2020 Issue

Blindsided

The entire business model of most rental brokerages is in limbo, forcing firms to make tough choices as they plan for survival if the change remains in place…. [more]

Rental firms grieve over broker fees

Firms are still reeling from the near-death experience of their business model…. [more]

Rental chaos raises tensions between tenants and landlords

The lack of clarity around the state’s broker fee guidance has become a major point of confusion and tension…. [more]

Compass faces a reckoning

A closer look at Compass’ track record across the country reveals uneven growth…. [more]

A tight hustle: TRD’s annual tally of the city’s biggest investment sales firms

2019 was another tough year for the city’s investment sales market and the brokers who put these deals together…. [more]

Taxes at every turn

Roughly a year ago, the real estate industry successfully lobbied to thwart what its leaders said would be a devastating new tax. The pied-à-terre tax would have slapped an annual… [more]

The Closing: Don Capoccia

Donald Capoccia is a founding member and principal at BFC Partners…. [more]

Behind Safehold’s pay dirt plan

Until recently, many viewed Safehold as a firm with an intriguing proposition but an unproven track record…. [more]

Selling the city

Sometimes you can lose and still win. Douglas Elliman’s Manhattan sales dropped more than 23 percent last year from an eye-popping 2018 total of nearly $9 billion, but it still… [more]

Listings leaderboard

It was the year of the buyer — with some of the priciest New York City sales counting as buy-side deals for major players like Corcoran, Compass and Douglas Elliman…. [more]

Pension fund money is getting tangled in some controversial housing deals

Another significant group of investors is exposed to the new rent regime…. [more]

Editor’s note: The broker fee fall

Go ahead, pile it on. It’s already hard enough being a real estate broker today with a sluggish market, rent reform laws, plunging stock prices, a looming recession and the… [more]

We Heard

UPDATED, March 10, 2020, 2:45 p.m.: Developer Young Woo recently brought up building dog condos in Chelsea, which left at least one New Yorker barking mad. Woo floated the idea… [more]

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