The Real Deal Tristate

May 2019 Issue

The Hamptons’ new hotspots

While weekenders will see trendy new shops and restaurants, under the surface the commercial market is struggling — especially in Southampton, where storefront vacancies are soaring

When weekenders descend on the Hamptons at the end of May, they will no doubt notice lots of new additions to the landscape of restaurants, hotels and retail. But for the real estate world, there’s a lot brewing behind the scenes that suggests the market is not in great shape. Some pockets are seeing a wave of commercial activity, like Montauk — the favorite party spot of Instagram influencers, with … [more]

Unease on the East End

TRD’s annual agent ranking reveals brokerages trying to shake off soft sales for high-end Hamptons homes as they head into prime selling season

For Bespoke Real Estate’s Vichinsky brothers, sitting atop a ranking of the top residential brokers in the … [more]

Finding true North

The low-key North Fork section of the East End sees home prices ticking ever upward, as local brokerages work for a larger market share

It’s a good sign for the market when a listing kicks off a bidding war like the one that recently took place for a … [more]

Social media tips from some of the Tri-State area's top homesellers

Tri-state resi agents sound off on their dos and don’ts for social media strategy and why it’s the marketing tool they can’t do without

Should the new maxim of … [more]

Top Greenwich architect accused of recycling renderings

A dispute involving a luxury developer and a well-known architect shows the trouble with Colonial homes — and the ties between builders, brokers and designers in suburbia

A white, expansive Colonial- … [more]

Controversial landlord ramps up in the Hudson Valley

E&M Management is making an aggressive push upstate, but it’s facing a potential political storm as it quickly expands in the Kingston area

E&M Management — a longtime multifamily owner known for buying … [more]

Will Long Island’s Belmont Park project ever move forward?

A $1.2B redevelopment around the famed Long Island racetrack, including a new arena, is facing mounting opposition

The New York Islanders … [more]

Why $2K? LI's apartment
M&A madness

TRD's ranking of Long Island’s top multifamily trades shows it’s a hot market, where investors are attracted to monthly suburban rents upwards of $2,000

One of the most ambitious real estate projects in Nassau County’s … [more]

Is Syosset Park’s industrial focus the start of a new era for LI developers?

A mixed-use project’s pivot to warehouse space might make sense for its developers, but experts say it’s a blow to bolder building plans

One of the most ambitious real estate projects in Nassau County’s history is … [more]

Day in the life of:
Marty Reasoner

ACRES Capital’s managing partner on giving up a professional hockey career for the real estate world, doing $1B in deals and finding financing

Marty Reasoner spent 15 seasons in the National Hockey League … [more]

Martin Ginsburg's development game

With a cool 56 years in the biz, developer Martin Ginsburg explains why he prefers to work alone, isn’t shy about being “fussy” and puts on his socks while standing up

Martin Ginsburg’s 56-year career as one of Westchester County’s premier … [more]

Can Edge-on-Hudson become a game changer for Sleepy Hollow?

The 70-acre Edge-on-Hudson is a game changer for Sleepy Hollow, but is it hitting at the right time?

Twenty-five miles north of … [more]

Reconstructing Westchester's Rivertowns

Developers are changing the makeup of these once-blue-collar towns with amenity-filled rentals and condos

The massive Edge-on-Hudson project that’s transforming Sleepy Hollow isn’t the only development along the … [more]

Belpointe looks to become the Blackstone of Opportunity Zones with a $3B REIT

With its new $3B Opportunity Zone-focused REIT, a family office in Greenwich looks to shake up the stodgy world of real estate investing

Greenwich may seem like an … [more]

Rentals reign
for Fairfield investors

TRD’s ranking of the biggest commercial deals in the county reveals that cash is flowing from far-flung places to high-yield, low-risk multifamily properties

Multifamily development is dominating the commercial real estate market in … [more]

Connecticut’s CRE sector not rushing into cannabiz

Real estate entrepreneurs hoping to capitalize on the state’s potential legalization of recreational marijuana might have to wait a little longer

“Start low and go slow.” That’s the warning label attached to most … [more]

How Hackensack is
betting big on OZs

The Bergen County city is hoping a new federal program will spur a wave of downtown development

As the real estate industry gradually warms to the Opportunity Zone program, which provides tax relief in exchange … [more]

A look at the Garden State's biggest real estate projects

Inside the massive development projects that are reshaping the landscape of the state

Amid all the construction across northern New Jersey, a handful of real estate projects stand out for the sheer size of their ambition. From new, gleaming waterfront … [more]

Touring the new Asbury Park with iStar’s Jay Sugarman

The CEO spoke to TRD about his sprawling redevelopment project, “reinventing” ground leases and getting his start in real estate

More than 30 years ago, iStar’s Jay Sugarman decided to take a date to explore New Jersey’s Asbury Park. … [more]

Garden State gems

Pump up the prices: a rundown on some of the region’s most expensive homes

In New Jersey, you go big or go home. High-end house hunters looking for ample amounts of green space and close proximity to Manhattan are still heading to the Garden … [more]

Editor's note: Summer heat

Glad to have you here again for our Tri-State issue, a quarterly supplement taking the real estate market’s temperature outside of New York City. This time around, we’ve got the … [more]