September 2019 Issue

The Eklund and Gomes roadshow

NYC’s top residential team is expanding into LA and Miami. Can its national model lead the way for the flailing brokerage business?

About six years ago, “Million Dollar Listing New York” star and Douglas Elliman broker Fredrik Eklund had a vision. While sitting at the rooftop pool at the SLS Hotel in Los Angeles with his business partner, John Gomes, real estate legend Barbara Corcoran and his older brother, Sigge, Eklund said that “we will be living” in L.A. at some point. This July, that prediction came true. Eklund sold his Tribeca […]… [more]

The mastermind behind
the expansion

The team’s first CEO, Julia Spillman, is credited with whipping the back office into shape and plotting the team’s moves to LA and Miami

Before there was Julia Spillman, … [more]

NYC’s new global
investment fix

The Chinese pullback and rising interest rates led to a slow few years, but the city’s commercial market may stand to gain from today’s international tensions

More than half a year after China … [more]

Can someone say
super-sized?

Broker teams are getting bigger — some say it’s the wave of the future, others that it’s a step back

Welcome to the new frontier of brokerages — megateams. And the soon-to-be-70-agent team headed up by Fredrik … [more]

Planting flags in the Big Apple

A country-by-country breakdown of the top 20 commercial acquisitions in Manhattan involving foreign buyers (from July 2017 to June 2019)

1. 30 Hudson Yards (COMMERCIAL CONDO) VALUE: $2.2 billion BUYER: Allianz, Arizona State… [more]

The foreign buyer fallout

Chinese buyers aren’t the only international investors retreating from NYC’s condo market amid today’s unprecedented wave of global turmoil

On Friday, Aug. 23, President Trump escalated his trade war with China in a series of tweets that labeled … [more]

Paul Massey’s B6 bet

The Massey Knakal co-founder is a year into the launch of his new firm, but he’s up against a challenging market and some say it could be hard to match his past success

“Rain Man” and “Beaches” were playing on the big screen and the Berlin Wall was still standing. The year was 1988… [more]

Dumbo’s new
development deluge

The already trendy and expensive Brooklyn neighborhood has another round of condo, rental and office projects in the works, but some warn of an oversupply

New York is no stranger to… [more]

Banking on volatility

From rent reforms to the rapid rise of WeWork, TRD’s ranking of the top commercial lenders in NYC shows a lot of changes in an unpredictable market

In January, French investment bank Natixis agreed to provide a $95 million loan for 500 North Michigan Avenue, a 24-… [more]

The Closing: Carrie Chiang

The Corcoran Group powerbroker on selling condos for Donald Trump, sniffing out “fake” buyers and watching soap operas in Chinese

Carrie Chiang is the consummate closer. To date, she has sealed more than $6 billion in residential real estate deals. Hand-picked by Barbara Corcoran to join her … [more]

Power lunch: Resi brokerage and lending execs dish dirt in Hudson Yards

Two big resi brokerage execs and a senior bank lender talk about the mansion tax, Compass and a changing industry over braised fish in Hudson Yards

Halstead Property chief Diane Ramirez quietly hunched over her arm and whispered into her wrist. The attempt … [more]

Residential market report

From brokers who killed it during a historic month to a compilation of all 311 calls by neighborhood, a look at what’s happening in the world of resi

Luxury brokers who cleaned-up in record-setting month June was the best month for New York City’s luxury market… [more]

Commercial market report

From the investment sales slowdown to Apple’s hunt for Manhattan office space, a look at the biggest trends in commercial

Rent law “shutting down” I-sales market July is almost always a sluggish month for real estate deals in New York, but even by that standard, this was an extremely … [more]

Editor’s note:
Real estate’s team USA

There is the worn adage that real estate is all about “location, location, location.” But while property may be local, capital markets, branding and tech make it easier to have […]… [more]

Features

A look at the Related boss’ many investments — from high-end gyms to curtain wall manufacturing
The architect and interior designer — who’s worked on hotels, restaurants and stores on three continents — on the Belnord conversion, his men’s fashion roots and pastries as art
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