May 2019 Issue

Real estate’s surveillance state

As the industry ushers in new tech advancements — from people-tracking to facial recognition — fears about privacy and Big Brother-like tactics are taking hold

The Edge in Amsterdam is widely considered the smartest building in the world. Since the 15-story office property opened four years ago, its 28,000 sensors have collected roughly 55 terabytes of data on everything from the air’s CO2 levels to workers’ daily coffee orders. If that information were stored as music files, it would play continuously for more than 100 years. And the more info the glass-encased building collects, the […]… [more]

Why real estate is becoming a prime target for hack attacks

The more connected the building, the more prone it is to cyberhacks and data breaches

IBM’s X-Force — the company’s ethical hacking team — ran a test in 2016 on a property management firm that oversaw 20 buildings nationwide. The “white hat” hackers reportedly probed […]… [more]

Will Europe raise
the privacy bar?

A look at Europe’s sweeping privacy law and what it means for global real estate firms and other businesses

Since Europe’s data protection law went into effect in May 2018, regulators have received reports of more than 59,000 personal data breaches, a February study … [more]

The sovereign wealth shift

With global and market dynamics changing, sovereign wealth funds dial back (somewhat) from NYC real estate

For a good chunk of time, sovereign wealth funds were tripping over themselves to buy trophy Manhattan buildings — from classic prewar Midtown towers to… [more]

Abu Dhabi’s albatross

As the emirate counts its Chrysler Building losses, a new owner is hoping to once again rewrite the office tower’s storied history

Two months after the Chrysler Building was put up for sale in January, Aby Rosen, the flashy developer and co-founder of RFR Realty, emerged as the buyer … [more]

Has #MeToo changed real estate?

Even with a battery of new legislation, some question whether firms are taking enough action beyond that to improve the workplace for women

The sexual misconduct allegations… [more]

Real estate’s reinvention acts

Though many of the real estate players who’ve been publicly accused of sexual misconduct are no longer at their firms, they have landed elsewhere in the industry

While the #MeToo movement has taken down a slew of high-profile men — from the CEO of CBS, Les Moonves,… [more]

Behind Boston Properties’ outside plays

The office REIT is betting big on co-working and ground-up development in new markets, but observers say the real test will be the next downturn

Boston Properties is riding high… [more]

The 520 Park posse

A unit-by-unit breakdown of all of the condos at the Zeckendorfs‘ ultraluxe building that have closed

Zeckendorf Development’s 520 Park Avenue has locked in some of Manhattan’s priciest sales since closings began in September. The 35-unit Robert A.M. … [more]

The Closing: Suri Kasirer

The veteran NYC lobbyist on buying without a broker, political divides at home and batting for the Midtown East rezoning 

Suri Kasirer is one of New York’s most active lobbyists and often recognized as one of the most powerful women in the city. Her eponymous firm, which … [more]

Keller’s second coming

With Gary Keller back at the helm, the national franchise is making a risky $1 billion tech bet — and trying to ward off rivals looking to eat its market share

On a recent early-morning flight to New Orleans, a flight attendant with an acute sense of comedic timing landed a zinger: “I am looking to sell a house, can anyone […]… [more]

The Keller Williams orbit

The company has spawned a slew of interrelated businesses and companies that feed off the brand

In addition to its residential and commercial brokerage business, which The Real Deal wrote about here, Keller Williams has a growing list of other lines of business — both inside […]… [more]

New York construction’s
heavy lift

As costs continue to rise, qualified staffers become harder to find and legal issues abound, the city’s top general contractors are coping with new challenges

Two blocks north of the portion … [more]

Ground-up giants: The city’s 30 leading general contractors

TRD’s ranking includes initial new building permits issued throughout NYC

This month, The Real Deal ranked the top 30 general contractors doing ground-up construction work. Check out the chart below: Source: TRD analysis… [more]

Renovation kings: The city’s 30 leading general contractors

TRD’s ranking includes initial reno permits issued throughout New York City

This month, The Real Deal ranked the top 30 general contractors doing renovation work. Check out the chart below: Source: TRD analysis of initial … [more]

These are the top GCs building from the ground up in each borough

TRD ranked the firms doing the most ground-up construction in each borough

This month, in addition to ranking the top general contractor firms… [more]

These are the top GCs doing renovation work in each borough

TRD ranked the firms doing the most renos in each borough

This month, in addition to ranking the top general contractor firms throughout New York City, The Real Deal did a close up on which reno firms dominate in… [more]

MAP: These are the projects permitted within the last year in NYC

TRD analyzed which firms are leading construction in the boroughs

Want to keep up with projects being constructed in New York City?… [more]

Real estate’s podcast age

NYC’s industry players are getting in on the podcast craze, but so far, any deals that come from their shows are gravy

After recording almost an entire season of his podcast, “Hey BK,” in a Bushwick studio, Ofer Cohen decided it was time to invest in his own on-site audio operation…. [more]

Residential market report

From slumping sales in FiDi to Bed-Stuy’s new dev boom, a look at the biggest trends

Manhattan’s ‘polarized’ market rocks resi developers As new development sales continue to struggle, Manhattan resales are getting a boost. The overall number of sales that closed in the first quarter […]… [more]

Commercial market report

From Manhattan’s hot office market to a multifamily malaise, a look at the biggest trends

Manhattan office leasing sets records On the coattails of another strong year for commercial office leasing in Manhattan, the start of 2019 saw 9.07 million… [more]

Editor’s note: A Brave New (York) World

Big Brother is going bricks-and-mortar. In our cover story this month, “Real Estate’s Surveillance State,” reporter Rich Bockmann delves into the tech advances that are taking hold. From new developments […]… [more]

Features

Now under federal oversight, the housing authority is tackling a laundry list of management
and funding problems
The Bronx City Council member on nosebleed seats at Yankee Stadium, his Bronx afghan and helming the all-powerful Land Use Committee
Silverstein Properties’ leasing director on accommodating Spotify, bumping into relatives at the gym and his boss’ matchmaking efforts
Manhattan condo inventory through March 2019
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
TRD's monthly deal sheet includes residential sales, commercial sales, financing and leasing data