November 2018 Issue

Co-working goes corporate

The 11-story Beaux-Arts building at 88 University Place in Greenwich Village is the kind of property every co-working company dreams of occupying. Sitting just south of Union Square and partly owned by fashion designer Elie Tahari and WeWork co-founder Adam Neumann, it has small floor plates that can be easily turned into cozy, communal work stations, and the nearby NYU campus promises a steady supply of young, well-heeled freelancers and… [more]

The co-working space race

This past spring, the head of leasing at a major office complex in Los Angeles got a surprising phone call from a broker representing WeWork. Just days … [more]

Who’s keeping it real?

The Assemblage Rodrigo Niño, the 49-year-old crowdfunding entrepreneur, took ayahuasca in Peru one summer… [more]

The condo discount dance

The launch party for Extell Development’s 1010 Park Avenue in mid-October had all the trappings of a strong market: … [more]

125 Greenwich:
Against the odds

In May 2014, a super-skinny, supertall tower was rising above the ground at 432… [more]

Sizing up SL Green’s big bet

When it comes to buying New York City trophy towers, SL Green Realty… [more]

Brooklyn’s muted office buzz

Red Hoek Point would seem to have it all. Plans for the Thor Equities… [more]

The records roller coaster

There may be a market slowdown, but it’s still New York, and that means residential records are still being broken… [more]

Residential target practice

Dexter Guerrieri co-founded Vandenberg, a boutique brokerage specializing in the venerated Manhattan townhouse market, back in 1990. Over the years, … [more]

The management maestros

Two years ago, Douglas Elliman won the Holy Grail of property management assignments: Co-op City. With 35 buildings and 15,000 units in the Bronx, the Mitchell-Lama project is the country’s… [more]

The Closing: Kelly Mack

Kelly Kennedy Mack is president of Corcoran Sunshine Marketing Group — the new development powerhouse that’s … [more]

WATCH: Corcoran Sunshine president Kelly Kennedy Mack her TV career aspirations, locking down billions in business and working for Louse Sunshine — for free

 Kelly Kennedy Mack is president of the new development powerhouse Corcoran Sunshine Marketing Group. On her watch, the firm has dominated the city’s new development marketing scene, representing some… [more]

Ceruzzi Properties’
retreat from risk

Not long after developer Lou Ceruzzi suddenly died in August 2017, his longtime deputy and designated … [more]

CitizenM: A
piecemeal milestone

The new 246-foot-tall CitizenM New York Bowery Hotel on the Lower East… [more]

The land of ‘OZ’

It may sound vague given its government-issued name, but the Opportunity Zone program is the new rock star of real estate. And there’s good reason why: It is very likely… [more]

Dissecting the
Queens condo craze

Compared to Manhattan and Brooklyn’s trendy glass towers, new condominium projects in Queens have … [more]

High marks on Hoyt Street

Downtown Brooklyn is getting a massive new condo tower, and the design is actually good. In some respects, 11 Hoyt Street, which is being developed by… [more]

Residential market report

Median sales price hits record high in Brooklyn and Queens Brooklyn and Queens saw strong sales numbers in 2018’s third quarter, while Manhattan … [more]

Commercial market report

Midtown office leasing hits 12-year high The Midtown office market is having its most active year since 2006, with a total of 13.9 million square feet leased in the… [more]

Editor’s note:
Co-working gets coopted

Forget the free cold brew and pingpong. WeWork and other co-working companies are today less focused on luring freelancers and young startups and instead are looking to fill entire offices… [more]

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