The Real Deal New York

September 2013

Mayoral candidates get candid

A look at where NYC’s mayoral wannabes stand on real estate’s key issues

Perhaps no mayor in recent history has taken such delight in shaping New York as Michael Bloomberg. Indeed, he rezoned over a third of the city, while developers added a staggering 40,000 new buildings since he took office, according to an analysis of census data by the New York Times. But whether developers — and the real estate industry as a whole — can count on having an ally in […]… [more]

Real estate’s new ruling class

They’re young, they’re tech-savvy, and some even wear sweatshirts and trendy retro-style sneakers to the office. No, we’re not talking about the newest batch of Silicon Alley CEOs. Meet real […]… [more]

Empire State Building: a buyer’s manual

The iconic Empire State Building is on the brink of a major ownership shake-up. Its lead owner and manager, Malkin Holdings, has made headlines recently for its efforts to package […]… [more]

Robert Lapidus (Photo by STUDIO SCRIVO)

The Closing with Robert Lapidus

Robert Lapidus is the president and chief investment officer of L&L Holdings, the company he co-founded with David Levinson in 2000. L&L owns numerous trophy properties, such as the 76-story […]… [more]

Foreign exchange

In recent months, New York City has surged ahead of its biggest global rivals, London and Tokyo, with more dollar volume in real estate investment than any other city in […]… [more]

‘Homeland’ adds office security

In what might signal a strong start to the fall leasing season, the U.S. Department of Homeland Security is eyeing a renewal at the 2.3-million-square-foot Starrett-Lehigh Building in Chelsea. The […]… [more]

From left: Anthony DeGrotta, Neil Binder and Larry Friedman

Coldwell Banker’s back

After 34 years of private ownership, Manhattan residential brokerage the Bellmarc Group this summer announced that it would become a franchise of the massive Coldwell Banker. While the brand has […]… [more]


  • Mike Namer
  • The Garden gets uprooted
  • The month's funniest quotes
  • Mark Gordon

Retail on the runway

The increasingly high-end retail options — think Coach luggage and Juicy Couture tees — at the city’s three major airports have turned store spaces into something of a cash cow […]… [more]

REBNY’s races

In May, the Real Estate Board of New York, the industry’s powerful lobbying group, announced that it was leading the creation of a political action committee that would spend up […]… [more]

Virginia Pittarelli (left) and Ken Schuckman

Brooklyn or bust

National retailers are waking up to what residential brokers and developers have known for several years: Brooklyn can no longer be ignored. The borough has seen an explosion of critically […]… [more]

Zillow turns to StreetEasy to conquer NYC

The acquisition could be the first step towards national MLS, experts say

Zillow, the giant national real estate database, made headlines last month when it announced it would pay $50 million in cash for the Manhattan listings website StreetEasy. The acquisition represents […]… [more]

Open houses on “crack”

A once-sleepy ritual takes on new significance as buyers get desperate

Open houses have always been an important part of residential sales in New York City, but they’ve recently taken on a new significance due to the severe shortage of inventory […]… [more]

Eliot Spitzer

Spitzer: Real estate & redemption

It’s a New York City truism that politics and real estate are cozy bedfellows. But Eliot Spitzer’s bonds are stronger than most. The former governor — who resigned in the […]… [more]

Praying for properties

August is usually the slowest time of year for New York City real estate — a month when brokers and homeseekers alike leave town and head to the beach. The […]… [more]

The industrial revolution

While converting grimy industrial sites into pricey condos and rentals is not new to New York, it’s taken on a new urgency as manufacturing in the city continues to fall […]… [more]

Architect Ross Adam Cole with his four-seater Mooney

Real estate’s frequent (and private) fliers

Industry pros take to the skies with clients

New York’s real estate moguls are flying high — and not just because of the fast-moving market. Once prohibitively expensive, private jets are now an increasingly popular option among real […]… [more]

Doing the twist

The resurrection of the High Line and its rebirth as a park have effected a wondrous change on an area of the city that was already in the throes of […]… [more]

Big tax reform proposals to be unveiled this fall

While Congress was off on its annual summer recess, you might have assumed that nothing was happening on Capitol Hill that could effect the taxes Americans pay on their homes. […]… [more]

David Bistricer

Bistricer gets busy

In 2007, little-known Brooklyn-based developer David Bistricer became a prime punching bag for federal, state and local officials. Casting a wary eye at the over-leveraged apartment complex Stuyvesant Town, a […]… [more]

Who was Huguette?

A new book examines the life of the reclusive copper heiress and her collection of Fifth Avenue co-ops

To some who knew the late copper heiress Huguette Clark, she was an oddball recluse who wasted her last decades in a hospital room, while her spread at 907 Fifth […]… [more]

City newspapers pick their horses

A round-up of what NYC’s editorial boards are saying about the candidates in the upcoming elections

The real estate industry — and business world in general — have a lot riding on this month’s mayoral primary, not to mention the other citywide political races that will […]… [more]

TRD's third annual golf outing

Birdies, bogeys and TRD

Real estate power players hit the links for third annual golf outing

The last few weeks in August are a notoriously slow time for New York City real estate. So what better way to spend the time than by hitting the links? […]… [more]

Editor’s note: TRD’s great mayoral debate

Welcome to the post-Bloomberg era. Real estate has clearly boomed under Mayor Mike, but will the good times end when he leaves office at the end of the year? The […]… [more]