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A rent-stabilized portfolio in Rego Park, Queens, that sold at a 38 percent discount in November

Managing the rent law aftershocks

Soon after Albany passed its overhaul of the state’s rent law in June, real estate firms with big rent-stabilized holdings took a major hit. Months earlier, David Bistricer’s real estate investment trust Clipper Equity,...

Managing the rent law aftershocks
Stuart Elliott

Editor’s note: Blood, sweat and fears

They call it “deadline” for a reason. At the end of every month, for the past 250 issues, we’ve raced to close the magazine on time, with the most ambitious stories we could muster...

Editor’s note: Blood, sweat and fears
(Credit: iStock)

Sizing up Stellar’s dueling worlds, from OZ plays to class-action lawsuits

Stellar Management has kept a notably low profile for most of its roughly 35-year existence, especially compared to some...

Sizing up Stellar’s dueling worlds, from OZ plays to class-action lawsuits
Rich Sarkis (Photos by Emily Assiran)

At the desk of: Rich Sarkis

Rich Sarkis’ office has no imposing mahogany table or wall of photos featuring him with celebrities or industry powerbrokers.  His white desk is largely barren, save for a few essentials. But Sarkis’ Midtown office...

At the desk of: Rich Sarkis
Jim Whelan (Credit: Axel Dupeux)

REBNY starts singing a different tune

Over the past few months, two occasional enemies on major real estate issues began quietly meeting. James Whelan, the newly minted president of the Real Estate Board of New York, and Gary LaBarbera, president...

REBNY starts singing a different tune
Adam Hochfelder at the Playboy Club’s opening party with singer Robin Thicke (Alamy Images)

The Playboy Club was a chance at redemption for Adam Hochfelder — here’s what went wrong

UPDATED Tuesday, December 1, 2019 12:13 p.m.: Adam Hochfelder pulled up to The Real Deal’s New York office in his Bentley on a mission....

The Playboy Club was a chance at redemption for Adam Hochfelder — here’s what went wrong
Stuart Elliott

Editor’s note: The industry’s image problem

It’s been a tough year for real estate – but a good time for lobbyists. The industry seems to...

Editor’s note: The industry’s image problem
34 Croton Avenue Mount Kisco, New York

How Westchester home flippers manage to turn huge profits

For Danielle Longhitano, a listing for a co-op unit in White Plains served as the launching pad for a...

How Westchester home flippers manage to turn huge profits
NYC firms push deeper into ‘burbs in hunt for marketshare

NYC firms push deeper into ‘burbs in hunt for marketshare

UPDATED Nov. 22 3:20 p.m. As the ring around New York City attracts more and more buyers — many...

NYC firms push deeper into ‘burbs in hunt for marketshare
(Illustration by Adria Fruitos)

Local landlords pulling strings, but could end up in knots

On a weekly radio program in October, Jeff Hanley made an appeal to his suburban audience. “The changes to...

Local landlords pulling strings, but could end up in knots
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