Transcript
Page 1: New York Real Estate News - The Real Deal - ranking …therealdeal.com/wp-content/uploads/2014/12/NYCmediakit...to maintain New York’s priciest homes after their eye-popping purchases

Can the controversial super-broker maintain

her success without the city’s largest firm

behind her? p34

The borough is setting real estate records faster

than you can say ‘farm-to-table.’ p48

Dolly’s next act

Who has the tightest grip on NYC sales?

Brooklyn’s (new) heights

A breakdown of which brokerages have the most listings in which neighborhoods — and where the fiercest battlegrounds are. p75

Allegiances switch to de Blasio as industry players realize Lhota’s message may be too little, too late. p64

Lining up behind the next mayor

A leadership shake-up surprises the industry in wake of $50 million sale. p42

Zillow zapsStreetEasy

The meagerrental supplyA roundup of the recovering, but still paltry, pipeline of NYC rental developments. p38

The Real Deal30‘Title hell’ sets

in for brokers Hedge funds ink high-flying leases 6222 Airbnb vs. NYC

hotel industry

Vol. 12 No. 11 November 2013 $3.00www.TheRealDeal.com

20 How Jersey Cityfinally became hip 81

ILLUSTRATION BY D.STUDIO

Which market reports to rely on

Industry praise for mayor’s appointees

In throwback to the boom, loose lending

on rise in NY C deals p56

In throwback to the boom, loose lending

deals p56

20Sellers backtrackon ‘best and fi nal’ 4936

Vol. 13 No. 2 February 2014 $3.00www.TheRealDeal.com NEW YORK REAL ESTATE NEWS

18 The NYC area stadium stimulus

Sealing deals with Instagram128

ILLUSTRATION BY D. STUDIO

A ranking of new buildings hitting the market shows almost half asking $3,000 a square foot or more p38

The 33-year-old took over his family empire early, but has silenced doubters with $3.5 billion in buys p31

NYC landlords getting bigger profi ts by increasing ‘loss factor’ for unusable common space p42

Sticker shock at NYC condos

Jared Kushner, accidental CEO

Lies about size at offi ce towers

Final sales of Helmsley era56More brokers

cut commissionThe unglamorous $40 million buyers4622 Chinese investors:

‘the new Russians’

Vol. 13 No. 1 January 2014 $3.00www.TheRealDeal.com New York real estate News

18 Witkoff: the savvy strategist

Dealmaking at courtside seats120

ILLUSTRATION BY D. STUDIO

More office building sales soar over $1B marker, while closed residential deals see surprising drop at top. p52

Ex-L.A. Dodgers owner says West Side land buy is just the start of a larger Big Apple portfolio. p30

With limited options for closing budget gap, a real estate tax hike could be likely as mayor takes office. p20

Tallying 2013’sbenchmarks

Frank McCourt: A new ballgame

Bracing for de Blasio

p35

Vol. 12 No. 8 August 2014 $3.00www.TheRealDeal.com

Despite the hot market, hundreds of projects remain on ice — but investors are picking over the distress p44

The “Ground Zero mosque” developer has quietly refashioned his project, but now faces new hurdles p42

How much owners shell out to maintain New York’s priciest homes after their eye-popping purchases p55

El-Gamal: After the fi restorm

Developers seize on stalled sites

Calculating the cost of luxury

48NYC restaurants eat it on rising rents 5220 Hamptons condos

have their moment 60Inside NY’s splashiest condo sales centers

Weisbrod’s popularity test

ILLUSTRATION BY D. STUDIO

NEW YORK REAL ESTATE NE WS

THE LATEST GAME-CHANGING DEALS

AND PROJECTS RESHAPING THE CITY’S HIPPEST

BOROUGH p32

BREAKINGRECORDS IN BROOKLYN

Renters ink deals off fl oor plans, too16

Vol. 12 No. 8 August 2014 $3.00www.TheRealDeal.com

Despite the hot market, hundreds of projects remain on ice — but investors are picking over the distress p44

The “Ground Zero mosque” developer has quietly refashioned his project, but now faces new hurdles p42

How much owners shell out to maintain New York’s priciest homes after their eye-popping purchases p55

El-Gamal: After the fi restorm

Developers seize on stalled sites

Calculating the cost of luxury

48NYC restaurants eat it on rising rents 5220

Hamptons condos have their moment 60

Inside NY’s splashiest condo sales centers

Weisbrod’s popularity test

ILLUSTRATION BY D. STUDIO

NEW YORK REAL ESTATE NE WS

THE LATEST GAME-CHANGING DEALS

AND PROJECTS RESHAPING THE CITY’S HIPPEST

BOROUGH p32

BREAKINGRECORDS IN BROOKLYN

Renters ink deals off fl oor plans, too16

More rentals ask $100K a month50Brokers double

dip to get deals 5654

Vol. 12 No. 3 March 2014 $3.00www.TheRealDeal.com NEW YORK REAL ESTATE NEWS

24 A look at murdered landlord Stark’s assets

Book disheson 15 CPW124

ILLUSTRATION BY D. STUDIO

Investment sales brokerages ranked

Social media’snew statusHow social media has gone from

bit part to central marketing player in NYC’s brokerage world p38

As Heiberger and Sitt battle for control of

company, fi rm’s fi nances come into focus p46

Town’s top guns go head-to-head

After his blockbuster sale of the Standard High Line, hotelier expands to other

side of pond p34

André Balazs, the (hotel) giant

The 35-and-under crowd that’s making waves across the industry

in NYC p66

Real estate’s rising stars

More rentals ask $100K a month50

Brokers doubledip to get deals 5654

Vol. 12 No. 3 March 2014 $3.00www.TheRealDeal.com NEW YORK REAL ESTATE NEWS

24A look at murdered landlord Stark’s assets

Book disheson 15 CPW124

ILLUSTRATION BY D. STUDIO

Investment sales brokerages ranked

Social media’snew statusHow social media has gone from

bit part to central marketing player in NYC’s brokerage world p38

As Heiberger and Sitt battle for control of

company, fi rm’s fi nances come into focus p46

Town’s top guns go head-to-head

After his blockbuster sale of the Standard High Line, hotelier expands to other

side of pond p34

André Balazs, the (hotel) giant

The 35-and-under crowd that’s making waves across the industry

in NYC p66

Real estate’s rising stars

Commission splits revealed48

NEW YORK REAL ESTATE NEWS Vol. 12 No. 7 July 2014 $3.00www.TheRealDeal.com

60REBNY, post Spinola56Former “it” condos

and their new rivals 114 Yair Levy gets defi ant

Coney Island, still ripe for real estate?53

The innovative ideas — from Google Glass to condo-ing signage —

gaining industry traction today p42

REAL ESTATE’SLATEST WAVE OFBIG IDEAS

The Danish wunderkind architect already has four NYC projects underway and is angling for more p28

A breakdown of the priciest land buys — and how they stack up with neighborhood condo prices p38

Elliman’s Eklund and Gomes soar to top of TRD’s annual ranking with most listings

and in-contract sales p32

Behind the riskiest development deals

Bjarke’s localbuilding blitz

NYC’S TOP 75 RESIDENTIAL

AGENTS

‘s

Buffett’s big Buffett’sbest buy50NYC apartment

prices skyrocket 5856

Vol. 12 No. 4 April 2014 $3.00www.TheRealDeal.com NEW YORK REAL ESTATE NEWS

26 Domino Sugar deal not so sweet for mayor

Kevin Maloney,almost in Attica?130

ILLUSTRATION BY D. STUDIO

From REITs to Russian oligarchs, a look at who is preparing to buy the most property p42

Can NYC’s most closely watched and well-funded brokerage start-up satisfy investors? p72

A breakdown of the high-profi le tenants in the country’s most valuable offi ce tower p38

Real estate’s biggest spenders

Urban Compass’snew direction

The GM Building billionaires’ club

Selling condosto fake tenants

p52

43Broker backlash for selling apts too fast 64

NEW YORK REAL ESTATE NEWS

40 Buying frenzy on the Far West Side 122

ILLUSTRATION BY D. STUDIO

Vol. 12 No. 6 June 2014 $3.00www.TheRealDeal.com

Musical chairs for mega-tenants

A look at the posh NYC homes that have lingered the longest unsold, despite a sizzling market p55

The big-biz credentials of Alicia Glen, the new housing czar, are allaying fears her boss is anti-real estate p48

The Manhattan real estate attorneys who charge the most, and what you get for the money p58

Bill de Blasio’s Goldman girl

Luxury properties stuck on the block

Lawyers who pull in $1,000 an hour

THE

Hamptons

Issue The priciest deals, top brokerages

and new retail hotspots p32

Stephen Ross on getting fi red

Sunset Park vs.Garment District20

An exclusive list of tenants slated for the country’s most high-profi le shopping destination p60

WTC’s retail lineup revealed

A breakdown of the key trends that will determine if the residential market will continue to boom — or go bust p72

When will NYC’s market top out?

A sneak peak at inner workingsof the city’s most buzzed-about condo tower, from staff salaries to $4,000-a-foot storage bins p48

One57, behind the glass curtain

NEW YORK REAL ESTATE NEWS Vol. 12 No. 5 May 2014 $3.00www.TheRealDeal.com

NYC’S SUPER FIRMS

44Frustrated buyers halt their searches 685026New questions after

Moreland inquiry20 The sleazy side of commercial deals

Hochfelder back in biz after prison

Your ICSC party preview

TRD’s annual ranking of the top residential brokerages

— from the biggest fi rms to the best boutiques p34

48

Vol. 12 No. 10 October 2014 $3.00www.TheRealDeal.com NEW YORK REAL ESTATE NE WS

28 De Blasio’s next big tests

PHOTOGRAPH BY MARC SCRIVO

Midtown South’spriciest offi ce leases

Crowdfunding fi eld gets crowded

Vol. 12 No. 10 October 2014 $3.00www.TheRealDeal.com NEW YORK REAL ESTATE NE WS

The bad boy broker-turned-developer opens

up about his risky new Manhattan projects.

Plus, other real estate bigwigs from TRD’s new

book of Closing interviews. p93 & 170

The comeback of Michael Shvo

Rising constructionprices hit developersBreaking down the cost of what it takes to put up a NYC buildingtoday p40

A Gold Coast glut in Jersey?A roundup of the roughly 10,000new residential units in the pipeline right across the Hudson p58

The mega developer has become a poster child for controversial industry issues, but he’s digging in — and coming out ahead p88

Barnett vs. Everyone

54 NYC’s newestdevelopers 65 166 A farewell to

Tamir Sapir

Vol. 12 No. 9 September 2014 $3.00www.TheRealDeal.com

55Inside the office ofRobert A.M. Stern 6230 NoMad retail

goes upscale 152NYC’s 2014 records ... so far

Real estate’s restaurateurs

ILLUSTRATION BY NOAh McDONOUgh

New York real estate News

Fewer bidding wars as inventory rises24

Strained dealings with the mayor and a weak GOP rival have led the industry to ramp up support for the governor, despite scrutiny over real estate ties p40

Surveying where the most spaces have disappeared — and where they are still in play for hungry developers p85

Manhattan’s last empty lots

After a Manhattan break, the boutique hotelier is back with five new projects p50

Ian Schrager’s NYC return

Breaking down the luxurymarketA look at the cracks appearing in Manhattan’s high-end residential sector p46

Betting it all on Cuomo

Listing discounts

deepen

EB-5 visa applications

hit wall

Investors get more cautious

No Plan B for luxe condos

Resistance to price jumps

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A R C H I T E C T S P A N E L : 4 : 0 0 P M

WHAT’S NEXT FOR CONDO DESIGN? From inside to outside, a look at the new wave of residential buildings in NYC

PAUL WHALENPartner, RAMSA

BERTRAM BEISSELPartner, Jean Nouvel

JOHN CETRACo-Founder, CetraRuddy

GENE KAUFMANPrincipal, Gene

Kaufman Architect PC

D E V E L O P E R S P A N E L : 1 : 0 0 P M

HOW MUCH HIGHER CAN CONDO PRICES GO? The outlook for the NYC new development market

MICHAEL STERNManaging Partner, JDS

STEVE WITKOFFChairman, CEO,

The Witkoff Group

MIKI NAFTALIChairman, CEO,

The Naftali Group

JONATHAN MILLERPresident, CEO, Miller Samuel

B R O K E R S P A N E L : 3 : 0 0 P M

BIG BUYERS FROM ABROAD Where today’s—and tomorrow’s—foreign purchasers are coming from

LEONARD STEINBERG

Real Estate Broker, Douglas Elliman

SHAUN OSHERFounder & CEO, Core

RICHARD STEINBERG

Real Estate Broker, Warburg Realty

STEVE KLIEGERMANPresident, Halstead

ADAM MODLINPresident & Founder,

The Modlin Group

D E B U T S P O N S O R

E V E N T S P O N S O R S

®

REAL ESTATE PARTNERS

P R E M I E R S P O N S O R

GO TO www.TheRealDeal.com/Forum INSERT PROMO CODE #FORUM FOR 25% OFF TICKET PRICES

Featured Panel is ts :

Sponsored by :

THURSDAY, MAY 15, 2014 11AM–6PM THE ALTMAN BUILDING 135 West 18th Street, NYCSponsorship info: 212-505-6271 or email [email protected]. VIP after party to follow for sponsors and invitees.

NE W DE V E L OPME N T SHO W C A SE

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1x 3x 6x 12x

Spread $12,524 $11,027 $9,802 $8,707

Full Page $6,939 $6,265 $5,588 $4,760

Junior Page $6,256 $5,573 $5,172 $4,359

Half Page $4,857 $4,380 $3,910 $3,332

Third Page $4,489 $4,218 $3,806 $3,263

Quarter Page $3,134 $2,721 $2,451 $2,038

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