So You Want to Join Your Co-op Board?
Five new members thought it seemed like a good way to contribute ideas and gain some influence. Here’s what happened next….
Guns, bears and bizarre designs: Dr. Phil’s strange Beverly Hills home comes to market
Phillip McGraw, best known for his talk show ‘Dr. Phil,’ is asking $5.75 million for his bizarre Beverly Hills home with a gun-filled dining room. …
Adam Rose leaves real estate for jazz
Adam Rose will be singing to a different, jazzy tune in 2020. Roughly two years after he stepped down as co-president of Rose Associates to serve as vice chairman, Rose will be retiring for good on…
The cold spell blanketing South Florida’s luxury condo market will continue in 2020, experts say
Luxury condo inventory in South Florida continues to climb to all-time highs, as sales volume remains stagnant — just as high-end projects such as Paramount Miami Worldcenter, Brickell Flatiron, Ritz-Carlton Residences, Miami Beach, and Residences by…
Zayn Malik sells Soho penthouse at a loss
Zayn Malik is going in a new direction. The 26-year-old singer, who gained international stardom as a member of British boy band One Direction, has sold his penthouse apartment at 57-63 Greene Street for $9.45 million,…
Small Talk: Real Estate Predictions for 2020
As everyone already knows, the biggest real estate story of 2019 was the August debut of Small Talk in The Real Deal. But 2019 is over, and like all good real estate professionals, our focus at…
Extell nabs $440M in financing for Midtown assemblage
In one of its last big deals of 2019, Gary Barnett’s Extell Development tightened its grip on a Midtown development site, and sewed up $440 million in new financing for a future project there. The site,…
‘Grey’s Anatomy’ star Ellen Pompeo sells chic Hamptons farmhouse
In Sag Harbor, N.Y., actress Ellen Pompeo of ‘Grey’s Anatomy’ fame has sold her modern farmhouse for $2.995 million. …
After calls to increase safety, Cuomo signs elevator mechanic licensing bill
Elevators mechanics will soon have to obtain licenses to work in New York, bringing the state in line with standards required in the rest of the U.S. Gov. Andrew Cuomo signed the Elevator Safety Act on…
The Real Deal’s January 2020 issue is now available to all subscribers!
The Real Deal’s January issue is now live, and digital subscribers are getting the first look at what’s inside. Subscribers now have access to stories including: – A look back at TRD’s 250 issues since 2003,…
Rabsky, Spencer land $70M refi for Broadway Triangle site
Brooklyn developers Simon Dushinsky and Joel Gluck have secured another one-year loan for their massive Broadway Triangle development in Williamsburg. Bank Leumi USA, a New York-based subsidiary of Israel’s Leumi Group, provided $70.5 million in new…
New York appeals court reinstates title insurance regs (again)
The relentless back and forth on the legality of New York’s strict title insurance regulations continues. The state appeals court has reinstated rules that ban the title insurance industry from wining and dining its clients. And…
In nod to union, De Blasio will seek special permit for hotel development
In a victory for New York City Hotel Trades Council union, Mayor Bill de Blasio’s administration will seek to enact a special permit requirement for hotel construction. The citywide requirement would mandate hotel developers receive City…
WeWork’s Miguel McKelvey lists townhouse for $21M
WeWork co-founder Miguel McKelvey is looking to part ways with his Greenwich Village townhouse. McKelvey, the embattled flexible-office-space company’s chief culture officer, listed the 5,000-square-foot home for $21 million, the New York Post reported. Douglas Elliman’s…
When Is The Best Time To Buy A Home?
The best time to buy a home is when your individual financial/borrower profile intersects with the right house in the right neighborhood. …
Where’s the Best Place to Buy a Winter Vacation Rental?
Here are some good bets for maximum profit….
New York City Real Estate In Q4 2019: The Market Has Begun To Approach Stasis After A Number Of Years Of Decline
As the fourth quarter of 2019 moves toward a close, the peaks and valleys which characterized the year in the New York City real estate market become even more visible in hindsight. …
Investors partner on $170M Bronx affordable housing purchase
A trio of real estate companies have joined together to buy an affordable housing portfolio in the Bronx for $170 million, the firms announced on Thursday. Camber Property Group, Belveron Partners and LIHC Investment Group are…
Robert Durst admits to alerting authorities to location of body
Just ahead of Robert Durst’s long-anticipated murder trial, attorneys for the real estate scion confirmed that he wrote an anonymous note to police 20 years ago. A Christmas Eve filing made by Durst’s attorneys confirmed that…
The 10 priciest Hamptons home sales of 2019
HED: Top Hamptons home sales of 2019 A $27 million spec home. A $26 million teardown. A palatial estate snagged for a $40 million discount. These were the top Hamptons home sales of 2019, a year…
