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02/19/18
One look at the Far West Side in Manhattan, and it’s pretty clear which developers are the city’s most active. Related Companies and Brookfield Property Partners are respectively the top two most active developers in Manhattan, according to an analysis by The Real Deal. Related is working on 9 million square feet of development, most of which is at Hudson...
02/16/18
January’s 10 biggest retail leasing deals were much smaller than December’s in terms of square footage. The 10 biggest retail lease deals signed last month totaled 95,000 square feet, down about 84,000 square feet from last month’s total of 179,000 square feet. The largest retail lease in January was inked in deep Brooklyn. Here’s the full list: 1) Net Cost...
02/09/18
The biggest outer-borough loan of December took place right along Brooklyn’s waterfront on the aptly named Water Street. The $217 million loan from M&T Bank and the Brooklyn Bridge Park Development Corporation to Midtown Equities for its Empire Stores project took the No. 1 spot on December’s list of loans in the outer borough, followed closely by Bank of China’s...
02/09/18
  A mixed-use development coming to East New York from Arker Companies with more than 400 residential units was the biggest project filed with the city last month. The project will be nine stories tall and feature more than 350,000 square feet of residential space and more than 50,000 square feet of commercial space. The list of largest projects filed...
02/01/18
UPDATED, Feb. 14, 2:20 p.m.: Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.” But when the city’s top investment sales firms experienced one of the biggest team moves to date in October 2016, the industry grappled with a fundamental question: What matters more, the platform or the people? While the answer is still...
02/01/18
It’s one thing to land a listing, but it’s quite another to sell it. And that, in a nutshell, is the conundrum in Manhattan’s residential market these days. Agents have now been navigating the softening sales landscape for nearly two years. The inventory crunch that defined the post-recession stretch has not only let up, but it’s also swung in the...
02/01/18
Few of the city’s residential brokerage were sorry to see 2017 close out. Why ...
01/15/18
The priciest home sales in the Hamptons in 2017 lacked the “wow” factor seen in prior years. While the top 10 mansions all sold for comfortably over $20 million, some had lingered on the market for years, and most had been steeply discounted. One house spent eight years on the market before being bought by the Carter-Knowles family (better known...
01/12/18
Investment sales and capital markets firms have far more men than residential and leasing companies. See the full story from the January 2018 issue here. ...
01/01/18
If ever there was a time to talk about sex and gender issues in New York City real estate, it’s now. The topics were thrust onto the national stage in October when news broke that Hollywood boss Harvey Weinstein had allegedly sexually harassed and abused dozens of women for decades, using his power in the industry to threaten their careers...
01/01/18
In early June, New York real estate investor and lender Josh Zegen got a tip...
01/01/18
Once upon a time, developers who were looking to make smart investment plays would throw up a building in Williamsburg, Long Island City or Bushwick and watch the buyers and renters flood in. But those neighborhoods have now largely topped out, sending investors on the hunt for the next corner of New York City that is ripe for opportunity. This...
12/29/17
The architecture firm behind the largest new project started this year was Ohio-based Ford & Associates. The firm was hired by Matrix Development Group, which plans to build a 2.3- million-square-foot commercial manufacturing building at 546 Gulf Avenue in Staten Island. Part of the building will be home to Amazon’s first distribution center in New York. The Seattle-based behemoth announced...
12/29/17
You should expect to see some giants rising in the outer boroughs over the next few years. A majority of the largest development projects started this year are located in Brooklyn and Queens, according to plans filed with the city’s Department of Buildings. The biggest project for which plans were filed with the city this year is an Amazon-anchored warehouse...
12/28/17
In one important way, condominiums had a banner year in 2017. Though closings were about par for the course and contract volume was nothing to write home about, a single Manhattan building finally crossed the $4 billion threshold. Thanks to a familiar face, 2017 gave us the most expensive condo building in Manhattan history, when Gary Barnett’s Central Park Tower...
12/20/17
Price matters. That’s the takeaway from a look at the 10 priciest residential sales of 2017. Like years past, the list was dominated by new developments. But 2017’s most expensive deals also included several resales with major price chops. Take the Pierre’s triplex penthouse that finally sold for $44 million after asking $125 million, and the actress Demi Moore’s triplex...
12/13/17
New development condos were the weakest player in this year’s condo market, showing a 13 percent drop in sales volume relative to 2016 while the rest of the market remained mostly flat, according to a new report. The average price for a Manhattan condo stood at $3.1 million in 2017, the same as the previous year, when it set a...
11/06/17
There was a noticeable slowdown in office leasing activity in October. In September, the top 10 biggest office leasing deals totaled over 1.2 million square feet. But in October, the deals were fairly modest, totaling just 687,000 square feet.  Here are the 10 biggest deals inked in October: 1) New York City Economic Development Corporation, 1 Liberty Plaza, Financial District...
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