November 2014

Flood of new projects shifts fortunes of marketing firms

Corcoran rides wave of residential construction in NYC to retake top spot in ranking

The wave of new developments hitting the market is changing more than just the skyline. It’s also shifting the fortunes of the firms that specialize in planning and selling those projects. This month, TRD surveyed more than a dozen new development firms and compiled a ranking based on the condo and rental projects they launched since the beginning of 2013, as well as those set to come to market through… [more]

Brand management

With an eye for a solid pedigree and a good deal, Douglas Elliman’s Howard Lorber expands brokerage globally, while growing his own role in NYC new development

From his 52nd-floor office at the corner of Fifth Avenue and 56th Street, Howard Lorber can look a few blocks north to his home at the classically styled Sherry-Netherland Hotel,… [more]

The Closing with Tony Malkin

Tony Malkin is chairman, president and CEO of Empire State Realty Trust, the real estate investment trust that owns the Empire State Building, as well as 18 other properties in… [more]

Residential firms with all the perks

TRD's survey of standout NYC brokerages, including young firms trying to lure talent

In New York’s hyper-competitive real estate world, jumping from brokerage to brokerage is a blood sport for agents. And to attract top brokers, firms are known to offer huge signing… [more]


A roundup of real estate-related happenings last month


Commercial firms, extras included

From work culture to splits, attractive companies for ambitious brokers

Commercial brokers are quite different from their residential counterparts. It takes them longer to crack into the market, they tend to stay at firms longer, and their world is arguably… [more]

The future of NYC real estate

NYC industry and tech insiders envision what’s coming next

When the futurists of the early 20th century imagined the New York City of tomorrow, they thought big. Renderings from the 1920s and 30s depicted massive infrastructure projects: roadways that… [more]


  • Wendy Maitland
  • Market reports proliferate, but how reliable are their numbers?
  • The funniest and most insightful comments on real estate
  • Broker-to-the-stars talks Adam Modlin about his passion for running, mentoring students and disliking television

Where supertowers rise, retail also getting a lift

Buzzed-about restaurants, stores joining dowdy strip as 57th Street goes upscale

With developers seemingly locked in a contest to build the tallest condo tower on 57th Street, many eyes have focused upward. But the busy 15-block stretch of Midtown, which for… [more]

$elling the outer boroughs

A growing block of foreign investors are buying where they wouldn't look before

News about billionaires from Russia, China, Brazil and other lands dropping tens of millions on Midtown trophy homes may generate yawns these days. But the industry is waking up to… [more]

KPF-designed tower will make a mark

New Madison Square-area condo building is irregular -- in a good way

Madison Square has long been distinguished by its building stock, starting with the late, lamented Madison Square Garden, designed in 1890 by McKim, Meade & White, and demolished in 1925…. [more]

Turning away from tenants

Rental-to-condo conversions increase as developers chase hot condo market

With fewer development sites than ever to choose from, especially in Manhattan, developers are returning to a strategy that served them well before the real estate bust: rental-to-condo conversions. Just… [more]

Celebration and competition Downtown as One World Trade Center opens

As the centerpiece of post-9/11 recovery debuts to fanfare, there’s still plenty of empty office space in Lower Manhattan

Condé Nast’s arrival at One World Trade Center this month gives the Durst Organization and the Port Authority reason to celebrate. In much the same way that the publishing giant’s… [more]

Is the soaring rental market changing patterns?

Long-held beliefs about Manhattan vs. Brooklyn markets get turned around

Pressure from New York City’s highly competitive condo arena is spilling over into the rental scene, and as a result, some long-held assumptions about the Manhattan versus Brooklyn markets are… [more]

South Florida’s sizzling real estate market, and its moguls, shine as more than 4,000 turn out for TRD showcase

Forum panelists discuss topics ranging from the impact of rising constructions costs on new development to Miami’s growing global influence on design

Today’s titans of real estate joined a crowd of more than 4,000 industry professionals at The Real Deal’s annual South Florida Real Estate Forum & Showcase last month at the… [more]

Office rent spreads jump as high end runs away

Midtown’s gap between top-tier leases and average asking rents far higher than in 2007

The top end of the market is leaving more modest buildings in the dust, and nowhere is that more evident than in Midtown, a new analysis by Newmark Grubb Knight… [more]

Too retired to borrow?

Like former Federal Reserve Chairman Bernanke, many nonstandard applicants can’t get financing

Ed Fine’s recent rejection for a refinancing of his home loan wasn’t exactly like former Federal Reserve Chairman Ben Bernanke’s. But there are enough similarities to raise questions about current… [more]

Government briefs

State approves $1.8B in bonds for 3WTC New York’s Liberty Development Corp., a subsidiary of the state’s economic-development agency, approved the sale of up to $1.8 billion in bonds to… [more]

What they’re reading now

Real estate pros share their pick of books for business and fun

Where do you look for inspiration and insight? This month, The Real Deal polled leaders in the industry to find out what they’re reading, how the book was recommended to… [more]

Will the luxury ‘bubble’ pop?

Insiders are urging caution as inventory rises

When Zeckendorf Development’s triplex penthouse at 520 Park Avenue hits the market for a record-seeking price of $130 million next year, insiders will be watching closely, trying to glean insight… [more]

Editor’s Note: A case for irrational exuberance

Some readers are telling us there is a bubble in the luxury market. We got this note last month that the three signs are: 1. A daily dose of superbroker… [more]

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