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04/01/18
When News Corp and 21st Century Fox expanded their Midtown office footprints to a combined 1.2 million square feet...
03/19/18
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 billion. The largest deal of the month...
03/15/18
New York’s skyline has been filling up with one tower after another, and many of these projects are being designed by the top architecture firms in the city. Who are they, and what are they designing? Here’s a look at their largest projects. 1) SLCE Architects | Arquitectonica Project: 606 West Location: 606 West 57th Street Size: 998,526 square feet The largest project...
03/09/18
Some real estate agencies just aren’t feeling the Brooklyn boom. By examining data from the Department of State’s Division of Licensing Services, The Real Deal was able to determine which residential brokerages saw the steepest decline in agent count between June 14, 2016 and Feb. 20 of this year. (TRD recently used the same data to determine which firms had...
03/01/18
The battle for designing One Vanderbilt came down to three distinguished architecture firms, all with impressive international portfolios — and chops building complex office towers. ...
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. ...
01/08/18
A massive mixed-use project coming to East Harlem courtesy of the Richman Group was the biggest project filed with the city last month. The project will stand 19 stories tall and span almost 421,000 square feet of residential, commercial and community space. The list of December’s largest projects also included a new office building in the Brooklyn Navy Yard redevelopment,...
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...
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