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]
March 2020 Issue
Blindsided
NYC’s residential rental industry is thrown into turmoil with the stroke of a regulator’s pen and the bang of a judge’s gavel
Rental firms grieve over broker fees
Surprise ban on tenant-paid fees threatens an already strained sector as many brokerages find their business model in limbo
Firms are still reeling from the near-death experience of their business model…. [more]
Rental chaos raises tensions between tenants and landlords
What the confusion over new broker fee rules means for renters and owners
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
VC-backed firm has ascended the ranks nationally. But with spendthrift days in the past, it faces an uphill battle in over a dozen markets: TRD analysis
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
Ranking the city’s leading brokerages
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
Behind the litany of levies facing New York City real estate
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
The veteran builder on going up against the Hells Angels, his controversial Bedford Armory redevelopment and fighting for LGBT rights
Donald Capoccia is a founding member and principal at BFC Partners…. [more]
Behind Safehold’s pay dirt plan
Jay Sugarman’s latest REIT is looking to revolutionize ground lease deals, but is New York’s real estate industry buying it?
Until recently, many viewed Safehold as a firm with an intriguing proposition but an unproven track record…. [more]
Selling the city
TRD’s residential brokerage ranking expands beyond Manhattan
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
TRD tallies the properties firms are touting across Manhattan, Brooklyn and Queens
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
Fraught politics and stricter housing laws are causing new concerns
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]
Features
Breaking down real estate’s big e-commerce bets and what’s at stake for major players like Blackstone and Prologis
Two radical proposals that the real estate lobby was able to kill last year have returned to haunt the industry
A roundup of news and data on the residential market
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]