REAL ESTATE
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CIM Group Takes Control of Four HFZ Condos in Manhattan
Ziel Feldman with Fifty Third and Eighth. (The XI, 53rd and 8th) HFZ Capital Group has lost control of four…
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Leonard Stern Walks Away From Soho Grand, Roxy Hotels
Leonard Stern Walks Away From Soho Grand, Roxy Hotels (Facebook via Soho Grand, Roxy) Another New York City hotel owner…
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Gowanus Rezoning Inches Ahead in Brooklyn
Judge Katherine Levine and Gowanus (Getty, iStock/Illustration by Alexis Manrodt for The Real Deal) The fate of the Gowanus rezoning…
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CBS Buys Midtown West Site from Extell for $27M
ViacomCBS President & CEO Robert Bakish and 500 West 57th. (Getty, Twitter via 500w57) CBS Broadcasting, an entity owned…
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Landlord Claims Dylan’s Candy Bars Owes $200k in Unpaid Rent
Dylan Lauren opened Dylan’s Candy Bar in 2001. (Getty, Dylan’s Candy Bar) The relationship between Dylan’s Candy Bar and…
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Trump’s 40 Wall Street Building in NYC Sees Revenue Fall
President Donald Trump and 40 Wall Street (Getty, Wikimedia Commons, iStock/Illustration by Alexis Manrodt for The Real Deal) One of…
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Obama Presidential Center Project Clears Federal Review
Former President Barack Obama and a rendering of the Obama Presidential Center (Getty) More than four years after plans were…
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Tenants Sue Carnegie Management for Dinging Their Credit
Tenants are seeking class-action status in a lawsuit alleging that Carnegie Management engaged in unfair and deceptive business practices…
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Stone Point Insight to Buy CoreLogic for $6B
From left: CoreLogic CEO Frank Martell, Stone Point Capital CEO Charles Davis and Insight Partners’ Deven Parekh (Getty; Stone Point;…
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Hedge Funder Pleads Guilty to Fraud Neiman Marcus Bankruptcy
Marble Ridge Capital LP’s Dan Kamensky and Neiman Marcus at Hudson Yards in New York (Getty; Jewish National Fund) Dan…
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Manhattan, Brooklyn Contracts Spiked in January 2021
(iStock/Photo Illustration by Kevin Rebong for The Real Deal) New signed contracts rose across all home types — condos, co-ops…
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Bank of America Invests $10B in Affordable Homeownership
Bank of America CEO Brian Moynihan (Photo via Getty/iStock/Illustration by Kevin Rebong for The Real Deal) Bank of America is…
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How the Pandemic Blew Up Rents
The impact of the pandemic on New York City real estate has perhaps been most stark in the Manhattan rental…
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Fifth Avenue Stores Empty One Year Into Pandemic
A social media campaign marketing an empty Fifth Avenue store with the hashtag #FifthAveStrong — meant to be a shot…
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Available Homes in Suburbs Scarce, but Demand Rages
The lack of inventory has caused prices to skyrocket. (Getty) For Jim McCarten, January is typically the slowest month…
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Manhattan’s Office Condo Price Sees 32% Decline in 2020
Rudder Property Group principal Michael Rudder with 375 Pearl Street. (Rudder, 375 Pearl) The pandemic did some major damage…
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Global Real Estate Investment Rebounds in Q4 2020
(iStock/Illustration by Alexis Manrodt for The Real Deal) Global commercial real estate investment ended 2020 on a strong note, with…
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They Tested Their $600,000 Budget on the Lower East Side. Which Option Would You Choose?
For two years, Lauren Beltrone and Max Coleman shared a one-bedroom rental on the Lower East Side. The apartment was…
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The Power Brokers of Beverly Hills
“I met Rayni my first week,” Mr. Williams said. “It was like meeting my best friend — someone that liked…
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Trump’s Personal Banker Resigned Over Real Estate Deal
Donald Trump and Rosemary Vrablic (Getty/Illustration by Kevin Rebong for The Real Deal) New details about the resignation of former…
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Deutsche Bank Forecloses On Simon Property’s Town Center Mall
Simon Property Group CEO David Simon and Town Center at Cobb Mall (Getty, Google Maps, iStock/Illustration by Alexis Manrodt for…
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Shane Smith Lists Santa Monica Estate For $50 Million
Shane Smith and his Santa Monica Estate (Photos via Getty; The Agency) Shane Smith, the trailblazing and controversial co-founder of…
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Village Cigars West Village Building To Be Sold
An image of Village Cigars from 1976 with the same iconic facade, pictured with the Hess Triangle. (Getty, WikiMedia) One…
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LeaseLock Security Deposit Alternative $52M
LeaseLock founders Reichen Kuhl, Derek Merrill (Photos via LeasLock; iStock/Illustration by Kevin Rebong for The Real Deal) The pressure is…
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Former City Council Member Trounces Socialist in Queens Race
Democrat James Gennaro won the City Council election against Moumita Ahmed. (Facebook via Gennaro, Twitter via Ahmed) Democrat James…
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Nakash Sells W South Beach Units to Rosen, Edelstein
From left: 2201 Collins Avenue in Miami Beach, Joseph Nakash, Aby Rosen, Ralph Nakash, and David Edelstein (Photos via Marriott;…
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Urban Standard Capital Launches Bulk Condo Platform
Urban Standard Capital president Seth Weissman One unintended consequence of New York’s 2019 rent law overhaul is that developers who…
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Hot Yoga at Home? Consider the Bathroom
After the pandemic left fitness studios and gyms around the country shuttered or operating at reduced capacity, Margaux Drake let…
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Grand Hyatt to be Replaced by Tallest Tower in New York City
Renderings of 175 Park Avenue (Rendering via SOM) The Grand Hyatt building next to Grand Central Terminal is set to…
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432 Park Avenue Supertall Design Issues Plague Tenants
432 Park Avenue (Getty) Unexplained noises, occasional leaks and elevator outages are to be expected in apartment buildings from time…
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Cadre Starts $400M Real Estate Fund
Cadre CEO Ryan Williams (Getty, iStock) Real estate investing firm Cadre is making good on its previous promise to start…
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House Hunting on St. Croix: A Converted Sugar Mill With Sea Views
Market Overview St. Croix, with about 50,000 residents, is the largest of the three main U.S. Virgin Islands, followed by…
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Adam Neumann Invests In Valon Mortgage Startup
From left: Valon board member Angela Strange, Valon CEO Andrew Wang and Adam Neumann (Photos via Andreessen Horowitz, Valon, Getty)…
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Deep-Cleaning Videos Are Getting Grosser
A little over 12 minutes into the video “Disaster Clean With Me 2021,” Becky Moss holds her vacuum’s dirt cup…
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Taylor Spellman Launches Discovery+ Show
Photo illustration of Taylor Spellman (Discovery+, iStock/Illustration by Alexis Manrodt for The Real Deal) Taylor Spellman, a veteran of New…
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Housing Expert Shaun Donovan on his Bid for NYC Mayor
Say this for Shaun Donovan: If he succeeds in his bid to become mayor of New York City, he would…
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New York Bill Would Legalize Accessory Dwelling Units
Assembly member Harvey Epstein and Sen. Pete Harckham (NY State Assembly, NY State Senate, iStock/Illustration by Alexis Manrodt for The…
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Home Mortgage Applications Surge Due to Refinancing
(iStock/Illustration by Kevin Rebong for The Real Deal) The average home acquisition loan inched a little bit closer to…
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BentallGreenOak Buys Brooklyn Amazon Warehouse
BentallGreenOak founder Sonny Kalsi and 2300 Linden Boulevard in Brooklyn (Photos via BentallGreenOak; Google Maps) An Amazon-leased warehouse in Brooklyn…
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The Year-Round Garden
Is it really possible to garden year-round? Yes, even in Nova Scotia. Through years of experimentation, Niki Jabbour has developed…
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The Down Side to Life in a Supertall Tower: Leaks, Creaks, Breaks
Eduard Slinin, a resident who was elected to the condo board late last year, wrote a letter to neighbors in…
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Madison, Conn.: A Welcoming Town With Long Stretches of Beach
About a year ago, Margaret Muir, an agent with William Pitt Sotheby’s International Realty in Madison, Conn., was bemoaning the…
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Amazon Reports Rapid Real Estate Growth in Q4 2020 Earnings
Jeff Bezos (Getty, Amazon/Illustration by Alexis Manrodt for The Real Deal) It’s a new era for Amazon. Jeff Bezos is…
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Macerich Readies Looks Issue $500M In New Equity
Macerich CEO Thomas E. Hern. (Macerich) Macerich Company, the beleaguered mall REIT whose stock briefly soared last week before falling…
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Triplemint Expands into Westchester
Triplemint CEO David Walker with Carol Marrone and Owen Berkowitz (iStock) On the heels of a banner year for New…
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Opendoor Looks to Raise $700M in Secondary Offering
Opendoor CEO Eric Wu (Twitter) Six weeks after going public, Opendoor is hungry for more cash. The instant homebuying startup…
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Jeff Bezos Had Profound Effect on Real Estate as Amazon CEO
Amazon founder Jeff Bezos with his Beverly Hills estate, 5 Manhattan West and 212 Fifth Avenue (Photos via Getty; Pinterest;…
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New York Lawmakers Question Housing Chief on Rent Relief
RuthAnne Visnauskas (Twitter, iStock, NY.gov/Illustration by Alexis Manrodt for The Real Deal) Landlords and tenants expecting a rent relief check…
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Brookfield Property Partners Reports $2B in Losses in 2020
Brookfield Property Partners’ Brian Kingston and Brookfield Place (Brookfield;Getty/Illustration by Kevin Rebong for The Real Deal) Closing the book on…
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Bespoke Real Estate Brokerage Opens Miami Office
Cody and Zach Vichinsky with 114 Washington Avenue. (Getty, Palma) Luxury brokerage Bespoke Real Estate is expanding in South Florida…
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