The Real Deal New York

September 2017 Issue

The Closing: Sam Zell

The real estate billionaire on the supply-and-demand lessons he got from Playboy, cursing and the last time he flew coach

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 billionaire developer has 40M square feet of property and developments underway from N.J. to Miami, but the spotlight is on his longtime friendship with Trump

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

A rundown of the top 12 countries investing in commercial real estate in NYC, Los Angeles County and South Florida

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 some of the […]… [more]

Down and out in New York — but not London

As worldwide commercial real estate sales adjust to new cycles, the Big Apple has seen better days while the Big Smoke
is gaining steam

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

Brokers place their bets

As the luxe market softens, a look at where NYC residential agents deploy their own cash — and what it says about today’s investment landscape

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

Lobbying group scores a trifecta on residential listings, Midtown East and affordable housing, but can it replicate its recent wins?

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

The Persuaders

A who’s who of REBNY’s top brass — from 30-year veterans to newly minted senior managers

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

With a stuffy reputation and more condo competition, luxe co-ops see sales volume tank 30-plus percent — a sign that the glory days may be over

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

NYC’s great retail facade

As more building owners employ quiet tricks to increase retail rent rolls, some say they’re establishing a false perception of the market

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

TRD ranks the NYC’s rising family real estate firms by their portfolio size and profitability

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?

The DOB is waging a war against the paper-pushers as part of a larger crackdown — but critics say the agency doesn’t have what it takes to properly regulate the industry

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

In need of more than
just seed money

A lack of access to real estate is making it especially difficult for medical marijuana companies to grow in New York

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

The 40-year-old Rapid Realty founder, Anthony Lolli, dispenses how-to-get-rich advice in his new book and confronts critics who’ve bashed him online

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

A new bill would dramatically increase safety training requirements, but a battle between industry factions threatens its passage

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?

The new Roger Duffy-designed tower at 252 East 57th may not top out at 1,000 feet, but its elegant style gives it a clear place on the tony corridor

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

The City Council’s latest set of tenant harassment laws requires landlords to prove they aren’t harassing tenants

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

The industry is in need of more space to expand in Manhattan following years of tepid growth

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

Should the real estate industry take a stance on Trump? Our readers weigh in.

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]

Features

Digital behemoth Amazon is the latest in a string
of e-companies to go bricks and mortar in NYC
— despite a brutal retail landscape
The Newmark debt broker on $15B in deals,
running into real estate execs at SoulCycle,
and sneaking onto rooftops
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 Underground Railroad, immigration and the psychology of getting rich
The funniest and most insightful comments
on real estate
Manhattan is devastated by a suspicious fire, demolition plans for a UES mansion pave way for landmarks preservation law, and more…