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07/27/2018
Clockwise from the top: Rendering of the Cascade condominium complex and Josh Zegen, 436 Albee Square in Brooklyn, and John Catsimatidis and 3514 Surf Avenue in Coney Island (Credit: ODA Architecture, Getty Images, and Hill West Architects) The top 10 outer borough loans in June were almost exclusively about Brooklyn. The borough took up eight of the top 10 spots last month, with the Bronx sneaking
07/10/2018
Right to left: Brendan Aguayo, Ryan Serhant, Deborah Rieders and Brooklyn (Credit: Jason McCann via Unsplash) Three years ago, Ryan Serhant had no presence in Brooklyn. Last year, his Nest Seekers International team did about $147 million worth of deals in the borough. 'I needed to diversify a few years ago from the slowing Manhattan market, and I needed to make sure that we were doing transactions at
06/11/2018
The three-bedroom home at 135 Crestview Lane in Sagaponack was listed at just under $50 million by Justin Agnello and his team at Douglas Elliman. UPDATED: July 2, 1:120 p.m. To keep their edge in the rapidly evolving East End real estate market, Zachary and Cody Vichinsky of Bespoke Real Estate are investing very heavily in technology, including a proprietary database that helps their firm
06/11/2018
The home at 27 Shore Road on Shelter Island sold for $9.5 million, taking the No. 1 spot on The Real Deal's ranking of priciest sales on the North Fork. UPDATED June 13, 12:12 p.m. The past year was a slower one for the East End housing market, but as usual, that didn't stop some well-heeled buyers from shelling out for a number of pricey
06/01/2018
(Illustration by Nate Kitch) The Manhattan condo market is starting to feel like the beauty counter in a fancy department store ' with everyone from perfume spritzers to makeup artists vying for buyers' attention. 'It almost feels like you're taking a client to the Bloomingdale's cosmetic counter,' said Douglas Elliman broker Carol Staab, who works in the luxury space, referring to the hard sell that developers
06/01/2018
Illustration by Kolchoz New York's residential market was something of a puzzle in 2017 ' with exuberant buyers dropping eight-figure sums at 432 Park Avenue one minute, and price-conscious shoppers sitting on the sidelines the next. But inevitably, brokers who found ways to fit buyers and sellers together got deals done and rose to the top of the heap on The Real Deal's annual ranking of
06/01/2018
From left: Blackstone's Jon Gray, the Spiral at Hudson Yards, Landesbank's Rainer Neske and 5 Manhattan West New York City's major real estate lenders have headed west, where builders with completed and under-construction projects alike are scoring 10-figure sums. In April, there were two loans of more than $1 billion recorded in Hudson Yards. Altogether, the 10 largest financings in Manhattan that month totaled $4.2
05/21/2018
The MetLife campus in Bridgewater, New Jersey, was part of the biggest portfolio sale of the last 12 months. Sales of retail properties may be down compared to last year, but executives at the country's top brokerages remained characteristically upbeat, confident that opportunities are out there for the right types of properties ' and for brokers with the right kinds of talent. 'Knowledge about
05/14/2018
Clockwise from top left: 660 12th Avenue, 4 Times Square and 435 Seventh Avenue April's top 10 retail leasing deals more than doubled March's in terms of square footage. The 10 biggest retail lease deals signed last month totaled nearly 313,900 square feet, up by about 185,100 square feet from last month's total of 128,800 square feet. The largest retail lease in March was inked in
05/01/2018
(Illustration by Brian Stauffer) One57, the first of the glassy giants to rise on 57th Street, wasn't Lendlease's key to Billionaire's Row ' it was a 60-story residential project on West 42nd Street. Roughly a decade ago, Extell Development tapped the Australian construction company to build the Orion, a 551-unit condominium building. That gig led to additional jobs for Gary Barnett as he grew his luxury
04/06/2018
Boaz Gilad, 88-92 Linden Boulevard and 123 Melrose Street Brookland is all over Brooklyn. The development company Brookland Capital topped an analysis by The Real Deal of firms with the most projects in the borough at 37, spread out in neighborhoods ranging from Prospect Heights to Ocean Hill. The properties span about 437,000 square feet overall. This was not large enough to crack the top 10
04/01/2018
(Illustration by Ryan Peltier) When News Corp and 21st Century Fox expanded their Midtown office footprints to a combined 1.2 million square feet in January 2017, it kicked off a hot streak for the Manhattan leasing market. And neither the market nor the brokerages that negotiated those blockbuster deals looked back last year. For CBRE ' which represented News Corp and Fox in those dual deals
03/29/2018
From left: 325 Kent Avenue, Jed Walentas, Joseph Chetrit and 9 DeKalb Avenue (Credit: COOKFOX, Michael McWeeney and SHoP Architects) Trendy Brooklyn neighborhoods like Dumbo and Williamsburg are still seeing plenty of new projects, but as the borough's explosive popularity continues, its most active developers are coming to less heralded neighborhoods as well, ranging from East New York to Flatbush. Two Trees Development and the Chetrit
03/19/2018
Clockwise from top left: 75-20 Astoria Boulevard, Flatbush Gardens and 123 Linden Boulevard Large loan origination in the outer boroughs slowed down slightly in February. While January saw two loans for $300 million or more and the overall top 10 financings of the month had a value of more than $1.3 billion, no loan topped $250 million in February, and the top 10 financings totaled $1.1