The Real Deal New York

October 2017 Issue

Murdoch ‘moves’ on Zillow

The media mogul is pushing hard into the digital-listings space and has a bull’s-eye on the NYC market

A look at Rupert Murdoch’s quest to take on Zillow in the real estate listings space through Realtor.com…. [more]

Real estate backs
renegade Dems

With billions of dollars on the line, NYC real estate lobby taps campaign war chest as it gears up for intense fight for the Senate

Outside a late September fundraiser for Jesse Hamilton — the state senator from Crown Heights — a small group… [more]

Rescuing 2 Herald Square

If the building falls into foreclosure, it will be just one of a few prime Manhattan properties to meet that fate amid today's slowing market

Two Herald Square is waiting for its white knight, but some are wondering whether its most likely savior is having second thoughts about a rescue. The 11-story building — which […]… [more]

Are Borough Park’s insular days numbered?

The Brooklyn community’s need for more housing is running up against a lack of space and deep-rooted NIMBYism

Gentrification may be synonymous with Brooklyn at this point, but the seemingly unstoppable phenomenon… [more]

Another residential loan
wave swells in NYC

As all-cash buyers disappear, banks have a wider net of borrowers to choose from — and the deals are getting bigger and bigger

Two years after going into contract on a sky-high condo at 432 Park Avenue, Hong Kong casino mogul Lawrence Ho finally … [more]

Solow’s last stand?

The litigious 89-year-old billionaire is ramping up his development game and pursuing three legacy-cementing Manhattan projects

For someone who’s filed hundreds of lawsuits throughout his career, evicting a begrudging retail tenant might seem trivial. But this could be Sheldon Solow’s… [more]

The Closing: David Greenfield

The outgoing City Council land use chair
on greenlighting major developments,
trading ‘Greenfield’ cards and the best kosher bagels in NYC

Outgoing City Council land use chair David Greenfield on greenlighting major developments, trading ‘Greenfield’ cards and the best kosher bagels in NYC…. [more]

The latest fight to build a supertall on Sutton Place
heats up

Gamma Real Estate is racing to beat a campaign to rezone the area and get its lux condo tower off the ground

From the outset, 3 Sutton Place… [more]

Blurring the boundaries

In a hypercompetitive sales market, sponsors and brokers are going to even greater lengths to blur neighborhood lines for bigger returns on their units

Developer Bruce Brickman started slashing prices at his luxury condo tower at 1280 Fifth Avenue a year after it hit the … [more]

The verdict on NYC’s top
real estate law firms

The industry’s biggest legal practices for 2017 and how their caseloads are changing as the market sees more ‘stress’

When upstart developer Bauhouse Group made a daring attempt to retain control of its troubled 3 Sutton Place… [more]

All rise: These are the law firms that wrangled
the big bucks

A TRD deep dive into the NYC real estate practices that handled the highest dollar volume of sales and mortgage transactions

For many of New York City’s top real estate law firms, transactional work —… [more]

Will Barry Diller’s “wasted” millions on Pier 55 discourage real estate donors?

Experts say the lawsuits that surrounded the proposal for the floating park could make public-private partnerships less attractive

Experts say the lawsuits that surrounded the proposal for the floating park could make public-private partnerships less attractive…. [more]

Harry Black: from bootlegging liquor to building skyscrapers

The little-known titan who built some of NYC’s most iconic properties — and amassed a fortune that made him one of the richest entrepreneurs of his era

The Flatiron Building, the Plaza Hotel and One Times Square are some… [more]

Dan Doctoroff
goes back in time

The ex-Bloomberg development chief talks about his Olympic obsession and opening the floodgates to NYC building in his new book — plus goes after old foes

The epiphany that changed Dan Doctoroff’s life and dramatically reshaped… [more]

A rental aims for
condo panache

Related’s One Hudson Yards charms like NYC’s classic rentals of yesteryear

Perhaps not since Queen Dido laid out the city of Carthage at the beginning of Roman poet Virgil’s epic Latin poem “Aeneid” has the world seen as energetic… [more]

Will the craving for food halls die out in NYC?

As more of the trendy eateries are expected to open up across the country, experts weigh in on the upside and the risks of the model

Food halls are hotter than a dollop of artisanal ghost pepper mayonnaise in the summer. There are about… [more]

The commercial pricing
after-party

Average investment sales prices climbed slightly in the first half of 2017, even as total sales volume dropped

Commercial real estate sales in the five boroughs have seen a significant drop-off as buyers sit on the sidelines waiting… [more]

Editor’s note: A conversation with litigious landlords

Lawsuits are part of New York City real estate the same way fireworks are part of the Fourth of July. To sue or not to sue, that is often the […]… [more]

Features

Crunching the numbers on the push into the Israeli bond markets that’s helping to bankroll NYC projects
The City Planning director on Brooklyn embroidery, LaGuardia flight patterns and dumpster diving in agency trash
The Nooklyn CEO on real estate tech,
skateboarding culture and being a vegan
A roundup of news and data on the residential market
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
Real estate pros share their picks for books on the “machine age,” veganism and the Met’s
last World Series win
The funniest and most insightful comments
on real estate
New York City’s first official subway opens, the Hotel Majestic is demolished, and more…