September 2017 Issue

The Closing: Sam Zell

Sam Zell is the brash and outspoken chairman of Equity Group Investments, a private equity and venture capital firm he founded more than 45 years ago. He made his fortune — which has been pegged at $5 billion — by investing in an array of industries, including commercial real estate, manufacturing, transportation and health care. As of December, Equity Residential, the REIT he chairs, owned (or had a stake in) 300-plus properties… [more]

How loyal is LeFrak?

The typically genial real estate developer Richard LeFrak seemed downcast as he sat for an interview in his West 57th Street office early last month. He rubbed his… [more]

Mapping out the foreign investment influx

Investors from foreign countries make up just a slice of commercial real estate acquisitions in the United States. But the mammoth prices they pay for properties in… [more]

Down and out in New York — but not London

Researchers at the Brookings Institution and Financial Times declared this… [more]

Brokers place their bets

A look at where NYC residential agents deploy their own cash, and what it says about today’s investment landscape…. [more]

Putting REBNY back
on the agenda

If only the Real Estate Board of New York got commissions for closing… [more]

The Persuaders

John Banks, President Much like his predecessor, Steven Spinola, what Banks brings to the table at REBNY are years of experience in policy and the many connections he made along… [more]

The Upper East Side’s
co-op conundrum

When ex-hedge fund manager David Ganek and his novelist wife, Danielle,… [more]

NYC’s great retail facade

UPDATED, Sep. 21 , 3:13 p.m.: In New York City’s retail world — which serves residents’ around-the-clock needs from late-night pad thai to Gucci loafers — there are two types… [more]

NYC’s next wave of dynasties

New York City has a long, storied tradition of families shaping its skyline. Family-run businesses like the LeFrak Organization, Tishman Speyer, Rudin Management and the Durst Organization are local… [more]

Is time up for NYC’s construction expeditors?

Expeditors have long been the ubiquitous, yet invisible, force guiding … [more]

In need of more than
just seed money

It could be a while before New York real estate truly goes green. Last month, the state approved licenses for five… [more]

Lolli’s Life

At 23, when Anthony Lolli, the founder of the Brooklyn-based rental brokerage Rapid Realty, made his first $1 million… [more]

A heavy bar to raise on construction safety

Spurred on by the rising number of construction site injuries and deaths over the last few years — 30 construction… [more]

Too short for Billionaire’s Row?

If you happen to be a developer constructing a residential tower on Billionaires’ Row, it would seem to be a simple… [more]

A new tenant harassment law could incite sham complaints

There’s no shortage of bad actor landlord horror stories in New York City, from property owners busting down doors to… [more]

Financial service firms drive leasing activity

After years of taking a back seat to the booming technology, advertising, media and information (TAMI) sector, … [more]

Letters, emails and comments to The Real Deal

Last month, The Real Deal reached out to more than 50 top real estate executives for a quick gut check after President Donald Trump’s controversial remarks… [more]

Editor’s note: Real estate’s ultimate play-by-play

You can say one thing about the investigation into the Trump campaign’s alleged collusion with Moscow during the 2016 election — we’ve never gotten such an inside play-by-play look at… [more]

Editor’s note:
Ready for takeoff

It’s not called Strong Island for nothing. The real estate markets in Nassau and Suffolk counties are, by and large, thriving, data and accounts from industry players show. Indeed, there’s… [more]

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