The Real Deal New York

Expensive co-ops were in the firing line for price reductions last week, with chops going on at some of the city’s toniest buildings. The biggest discounts were at 843 Fifth Avenue and the Dakota, but the chops didn’t stop there. In total, 10 ultra-luxury...

UPDATED: Sept. 20, 3:28 p.m.: Michael Shvo is no longer involved as a co-developer of the Crown Building condominium conversion, according to a spokesperson for OKO Group, the development...

UPDATED, Sep. 20, 12:42 p.m.: Bruce Eichner’s Continuum Company and Joel Bergstein’s Lincoln Equities are planning to develop a 1-million-square-foot mixed-income residential project in Crown Heights — one of...

The Vanbarton Group is in contract to pay close to $320 million to buy the 400,000-square-foot rental building at 990 Sixth Avenue. That’s a 20 percent discount on the $400 million asking price the property carried when it hit the market in May. The...

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In 2015, Miki Naftali was one of the first developers to declare that the Emperor had no clothes. Land was just too expensive for deals to make sense, he...

From the September issue: Real estate pros share their picks for books on the Underground Railroad, immigration and the psychology of getting rich.

Forget about waterfront views: This proposed timber tower would rise directly out of one of Central Park’s lakes. Midtown-based architecture firm, DFA, has dreamed up a temporary wooden tower...

Related Companies is listing a 5,200-square-foot penthouse condominium unit atop its residential tower 15 Hudson Yards for $32 million. It’s the first of four duplex penthouses at the Hudson...

A trio of real estate attorneys sitting on a Tuesday morning panel had a strong message for landlords fighting with their tenants over rent: don’t end up in court....

The City Planning Commission on Tuesday signed off on rezoning a group of Brooklyn properties — known as the Pfizer sites — owned by the Rabsky Group, moving the...

UPDATED: Sep 18., 4:30 pm: Fairbridge Properties bought a 53,000-square-foot office building in Inwood, records filed with the city Tuesday show. Acadia Real Estate Trust sold the property at 4055 10th Avenue for $30.6 million. Fairbridge, a New Jersey-based investment firm, financed its acquisition...

Steven Croman will get to spend the Jewish holidays at home instead of behind bars. At a sentencing hearing Tuesday morning in Lower Manhattan for the convicted landlord, Manhattan State Supreme Court Justice Jill Konviser postponed sentencing for Oct. 3. Prosecutors in the office...

From TRD Miami: Gov. Rick Scott ordered state agencies to suspend certain construction permit requirements and other regulations to quicken repairs at property damaged last week by Hurricane Irma....

Facing crushing debt and competition from online retailers, Toys “R” Us filed for Chapter 11 bankruptcy Monday. The company has more than $5 billion in long-term debt, $400 million...

Nine months after agreeing to a $7.2 billion settlement with U.S. regulators, Deutsche Bank is on top of the New York City real estate lending world. The German institution...

Michelin star chef Missy Robbins plans to open a new restaurant at Two Trees Management’s $3 billion Domino Sugar redevelopment. Robbins, who owns the Williamsburg restaurant Lilia, will take...

When new building sales winds die down, refinance is in season. Most of the top loans recorded in Manhattan this August were refinancings, including the largest, a $1.1 billion...

Over the next three years, more than 15 million square feet of new and redeveloped office space is expected to be completed in Manhattan, according to a new report....

From the September issue:  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...