New York City’s luxury residential market has, for the last few years, been firing on all cylinders. But there may be cracks in the veneer. Top brokers said they’re seeing some skittishness and price sensitivity at the highest reaches of the city’s residential market. And frenetic building in certain pockets of the city (most notably the Midtown corridor and the neighborhood surrounding the High Line) has some brokers concerned that […]… [more]
September 2014
Dissecting NYC’s luxury market
A breakdown of the future of Manhattan’s high-end sales market, which is already showing some cracks
Not quite on top of the world
Can “a real New York bargain” carry a multi-million dollar price tag? The answer is an emphatic “yes” if the product in question is real estate — and if you’re […]… [more]
Ian Schrager’s NYC return
Ian Schrager, who is regularly credited with pioneering the boutique hotel concept, is on something of a New York real estate tear. Schrager has a string of Manhattan projects in […]… [more]
Gov. Andrew Cuomo
Doubling down on the ‘prince of darkness’
Those who thought that Gov. Andrew Cuomo’s cozy relationship with the real estate industry would suffer because of the recent allegations that he overstepped in his dealings with an anti-corruption […]… [more]
How low can they go?
How low can they go? That’s the question many in the New York real estate world are asking right now about capitalization rates, or “cap rates.” The rates, which measure […]… [more]
Schools focus on industry changes
As the ranks of New York City’s real estate professionals grow, so does demand for professional development and graduate-level education in the field. Manhattan’s real estate schools report that enrollment […]… [more]
The $118.5M listing at the Ritz Carlton
2014’s residential records — so far
A round up of NYC’s new benchmarks to beat before the calendar hits 2015
This year may not be over yet, but the real estate records are already piling up. The year kicked off with city office asking rents hitting their highest point since […]… [more]
Brookfield’s big revamp
The massive real estate company now known as Brookfield Property Partners is undergoing a shake-up that’s impacting everything from the ranks of its top leadership team to the direction of […]… [more]
NoMad’s retail surge
Soho, Tribeca, the Meatpacking District … and NoMad? The neighborhood north of Madison Square Park is not the first that comes to mind for chic shopping. But a tide of […]… [more]
Steven Pozycki
The Closing with Steven Pozycki
Steven Pozycki is founder and CEO of Parsippany, N.J.–based SJP Properties, which has developed over 25 million square feet of office space as well as residential condos and rentals since […]… [more]
Features
- John Petras
- The month's funniest quotes
- Robert A.M. Stern
- Student housing boom
‘Chasing’ Coleman
Months before Zillow and Trulia announced their $3.5 billion merger on July 28, New York City hedge-fund manager Charles P. Coleman III was betting big on online real estate listings. […]… [more]
Remaking 11 Madison
Once known as the Metropolitan Life North Building, 11 Madison Park has had its share of ups and downs over the years. But most recently it’s been a pioneer for […]… [more]
Rob Astorino
Astorino’s long-shot bid
Real estate bigwigs steer clear of Cuomo’s GOP rival
Westchester County Executive Rob Astorino accepted the state Republican Party’s nomination to challenge Gov. Andrew Cuomo in May. But despite his pro-business platform and push to cut property taxes, real […]… [more]
Manhattan’s last lots
Try finding a place to park below 59th Street in Manhattan and you might discover that lots with available spots are hard to come by. That’s because as developers have […]… [more]
The credit score logjam
Are mortgage lenders finally loosening up a little on their credit score requirements, opening the door to larger numbers of home purchasers this summer and fall? It depends on what […]… [more]
400 West Street
Is NYC’s townhouse market undervalued?
Realty television interior design duo Cortney and Robert Novogratz paid $4.3 million for their nearly 7,200-square-foot townhouse in the West Village in 2007. They recently listed the home for $21.5 […]… [more]
A Postmodern marriage
The renderings of 515 Highline look very promising indeed. This luxury condominium, which is being developed by the New York–based firm the Bauhouse Group, has been designed by Soo K. […]… [more]
The return of the low appraisal
A curse that residential brokers thought was in their past has returned to plague deals once again: low appraisals. The aftermath of the recession saw a flurry of low appraisals, […]… [more]
The winning team from Meridian Capital Group and Bisnow
Dealing and doffing with TRD
Real estate players take to the greens for magazine's fourth-annual golf outing
Top New York industry pros donned their khakis and dusted off their clubs for The Real Deal’s fourth-annual golf outing last month. About 120 developers, brokers, lawyers, lenders and marketers […]… [more]
Featured News
Comings and Goings
Follow the money
Gov. Andrew Cuomo has raked in $42.7 million from more than 5,000 donors this election cycle. That’s compared with the $2.6 million his GOP rival Rob Astorino, the Westchester County […]… [more]
Cuomo’s thorny real estate roses
Real estate players have come out in force to back Gov. Andrew Cuomo this election cycle. But there are some important and controversial real estate–related issues that the governor is […]… [more]
(l to r) Andrea Tantaros, Domingo Zapata and Kimberly Guilfoyle
Art, real estate meet at LLNYC bash
Artist Domingo Zapata welcomes crowd at his Gramercy Park triplex
There’s no need to hit the Chelsea galleries to find good art — at least there wasn’t last month. Domingo Zapata’s 6,500-square-foot, art-filled home was the scene for a summertime […]… [more]
Where have the listings gone?
One aspect of the Manhattan’s office leasing market was stuck in the summer doldrums last month, as landlords put far fewer square feet on the market compared with the yearly […]… [more]
Buyers less frantic as inventory ticks up
Halstead Property’s Christopher Kromer and Nora Ariffin said they brokered more than 65 deals last year — all of them ending with a request for “best and final” offers from […]… [more]
Ariel Cohen and Adrienne Albert
FiDi, the final countdown
While not yet a 24-hour nabe, the area is getting closer as big projects near the finish line and tenants storm in
Talk about the Financial District becoming a 24-hour neighborhood has been underway for several years now. It is still not there, but the latest wave of real estate activity could […]… [more]
Editor’s note: Weakness disguised as strength
It’s too early to tell, but it could be a lot cooler for residential real estate in New York this fall than previously forecasted. Things that have looked like strengths, […]… [more]
