September 2015 Issue

Who Will Be Holding the Bag?

On Oct. 3, 2008, Daniel Herzberg, a British expatriate in Spain, called his bank, the Icelandic Landsbanki, to ask if his money was safe. He had read reports about financial difficulties, but got an encouraging reply and told his wife “everything will be fine.” Four days later, his account was frozen and the bank was nationalized. Herzberg’s fate, reported in the Wall Street Journal at the time, was not unusual…. [more]

Manhattan’s development
machers

Big names. Big projects. Big price tags. Despite being New York City’s smallest borough, Manhattan development has clearly grown to… [more]

Brooklyn’s (next) boom

Take a good look at the Brooklyn skyline, because what you see won’t be there for long. Fueled by a frothy economy and unrelenting demand, developers hit the gas on residential projects … [more]

Queens: The land
of mega projects

There are more than a dozen bridge, tunnel, subway and ferry routes between Manhattan and Queens, and residential… [more]

The Bronx hits
(new) tipping point

Long a symbol of urban decay, the South Bronx is booming with new construction these days as developers — big… [more]

Developers wade into
Staten Island’s waterfront

For decades, Staten Island development was a largely local affair. While the borough’s population has exploded in the 50-plus years since the Verrazano-… [more]

NYC’s biggest real estate
law firms

A few years ago, law firms were cutting their payrolls and scrambling to refocus their practices on bankruptcies and restructurings. Indeed, the real estate law… [more]

The Closers

Just about everyone in the New York City real estate industry knows — or at least think they know — about the city’s priciest deals. However, far fewer are aware… [more]

Is StreetEasy’s chief succeeding?

StreetEasy Zillow Susan Daimler Leonard Steinberg Jonathan Miller Susan Daimler, who has already started and sold two startups, said success requires “thinking big and taking risks.” Susan Daimler drove west… [more]

The Real Deal
goes to Shanghai

Chinese interest in New York and U.S. real estate has grown at an unprecedented rate in recent years. But there is still a massive untapped market of Chinese… [more]

The Closing: Alicia Glen

As deputy mayor for economic development, Alicia Glen oversees more than 40 city agencies and authorities. The former Goldman Sachs executive is tasked with executing the de Blasio… [more]

The Trump Card

They call themselves “Trumpanistas.” A group organized to sing the gospel of Donald Trump in his bid for president drew just a handful of supporters last month… [more]

Real estate’s political rainmakers

Presidential candidates may be courting voters in Iowa and New Hampshire, but they’re courting donors in New York. And a sizable number of New York… [more]

Taking on Toby

At a time when residential development in Williamsburg is surging, some developers are working to usher in a new wave of commercial growth. Toby… [more]

India: NYC’s next
investment powerhouse?

“My dear countrymen, the world has changed,” India’s Prime Minister Narendra Modi told a crowd of thousands last August. “Now India cannot decide its… [more]

Brett White’s war

It didn’t take Brett White long. As soon as his non-compete clause expired last March, CBRE’s former CEO publicly took on his former employer about as… [more]

Youth movement steps up design for 2WTC

Here’s the sort of thing that writers on architecture rarely, if ever, get to say: In the design of Tower 2 of the World Trade Center site, Sir Norman Foster has been replaced by… [more]

Stock volatility makes
real estate shiver

Given how the 2008-2009 economic crisis rocked the New York real estate world, buyers and sellers can be forgiven for feeling jittery after last month’s stock… [more]

Meatpacking’s second wind

The Meatpacking District is experiencing a second wind as a retail hotspot, thanks to the new Whitney Museum, a maturing High Line and growing tech… [more]

Infrastructure City

Gov. Andrew Cuomo checked off a big item on the city’s to-do list in late July, when he unveiled a $3.6 billion overhaul of LaGuardia Airport. Yet revamping the much-… [more]

School bells ring for
real estate pros

Professionals in both commercial and residential real estate have several new options for taking on a new role this season: that of a student. University… [more]

Modular imports edge into nascent Brooklyn industry

Modular construction is gaining ground in New York City, but its future here may be determined on distant shores. That’s because after several projects… [more]

Tax credit renewals would
help homeowners

Just before Congress headed out for vacation last month, a Senate committee started something that’s likely to prove important to thousands of homeowners and buyers across the country:… [more]

Tenant-rep firms grow amid industry consolidation

The number of tenant-only boutique office leasing firms in Manhattan has grown over the last few years, a trend opposite the wave of consolidation seen among… [more]

Hearing echoes of 2008

This month marks the seventh anniversary of 2008’s Wall Street meltdown, and of the dramatic days that saw the global financial system teetering on the brink. Those were nerve-wracking times… [more]

Comings and Goings

David Bensoussan will head Eastern Union Funding’s capital markets division, headquartered at 641 Lexington Avenue, the Brooklyn mortgage brokerage’s first office in Manhattan. Long established on Wall Street, Bensoussan has… [more]

We Heard

What’s the next step in real estate-themed reality TV? ABC Family has turned the focus of popular shows like Bravo’s “Million Dollar Listing New York” on its head. Gone are… [more]

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