new york real estate news - the real deal - ranking...
TRANSCRIPT
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
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REAL ESTATE PARTNERS
P R E M I E R S P O N S O R
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