Parties offer brokers a chance to bond, unwind
From the December issue: It’s that time of year again, when New Yorkers dust off their dancing shoes, brush up on small talk and head to the company holiday party. For real estate brokers, these...
View ArticleParkoff pays $158M for 10-building portfolio
Parkoff Organization has paid $158 million to the Dermot Company for a 10-building portfolio of residential and mixed-use properties in the West Village, the Lower East Side and the Bronx, The Real...
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Toll Brothers’ Robert Toll says housing will rise 20 percent in 2013: VIDEO
[caption id="attachment_220403" align="aligncenter" width="575"] Robert Toll and Robert Wolf[/caption] Although Robert Toll, executive chairman of developer Toll Brothers, predicts that Washington will...
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Luxurious Lenox Hill condo lists for $11 million, a chat with Dottie … and more
[caption id="attachment_220418" align="aligncenter" width="575"] Street art at ESPO in Downtown Brooklyn (source: Gothamist/ Jake Dobkin)[/caption] A luxurious Lenox Hill condo lists for $11 million....
View ArticleDomain Companies will build Greenpoint rental with affordable housing
Greenpoint, Brooklyn is slated to get a new 210-unit rental building. The project will be located at 1133 Manhattan Avenue on the neighborhood’s waterfront and will break ground in January, Crain’s...
View ArticleSandy sinks Trump on the Ocean, proposed for Jones Beach
Due to damage from Hurricane Sandy, Donald Trump and state park officials today announced that the contentious beachside development known as Trump on the Ocean would be canceled, Newsday reported....
View ArticleThis month in real estate history
From the December issue: Mayor Ed Koch and other city officials unveiled an agreement with Forest City Enterprises and the Polytechnical Institute of New York to build a $340 million office, retail and...
View ArticleSEC helps lay the groundwork for controversial Empire State Building REIT vote
The U.S. Securities and Exchange Commission today approved the documents allowing Malkin Holdings LLC, the owner of the Empire State Building, to vote on the plan to turn the skyscraping property into...
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Nightingale pays $22M for UES building
Nightingale-Bamford SchoolThe Nightingale-Bamford school, an elite all-girls preparatory school thought to be an inspiration for the "Gossip Girl" series, has purchased an adjacent building from...
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Cosi, Edwin Pearl shuttered due to World Financial Center renovation
World Financial Center In preparation for Brookfield Office Properties' $250 million renovation of the World Financial Center, Cosi Sandwich Bar and the fashion jeweler Erwin Pearl have closed,...
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Landmarks advocate Lenore Norman dies, London ranked most favorite city of...
London, England Lenore Norman, an advocate for the preservation of city landmarks, is dead at 83 . London tops favorite cities of the super rich list. Five real estate resolutions for the new year....
View ArticleThe year in celebrity real estate
This year, boldfaced names of film, television, music and beyond moved around New York — buying, renting, selling (or attempting to do so). From the sale of Oprah Winfrey’s penthouse at Place 57 to the...
View ArticleTop stories
Top stories yesterday on The Real Deal: 1. The biggest real estate blunders of 2012 2. Parkoff pays $158M for 10-building portfolio 3. Toll Brothers’ Robert Toll says housing will rise 20 percent in...
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A graphic break down of the fiscal cliff, looking back at designer homes that...
[caption id="attachment_220682" align="aligncenter" width="575"] Designer Albert Hadley's apartment near the Met listed in February for $1.3M[/caption] With no deal in sight and only a week to go, a...
View ArticleFifth Ave co-op sells at $50M ask
After hitting the market in June, the Upper East Side co-op of David Hamamoto, chairman and CEO of NorthStar Realty Finance, has sold for $50 million, Bloomberg News reported. The closing for the...
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Microsoft inks 230,000-sf deal at 11 Times Square
[caption id="attachment_220696" align="alignright" width="166"] 11 Times Square[/caption] Long and drawn out negotiations have finally secured Microsoft a 230,000-square-foot lease and a new Midtown...
View ArticleBuy-A-Home owner pleads guilty in fraud case
Mitchell Cohen, the owner of the now-shuttered Buy-A-Home real estate brokerage in Queens, has peaded guilty to one count of conspiracy to commit wire, bank and mail fraud linked to a...
View ArticleBronx park set to reopen after decade-long cleanup
Starlight Park — a portion of the Bronx River Greenway — will open this spring following a more than 10-year clean-up and renovation, the New York Times reported. But despite the addition of the park...
View ArticleHouse ethics probe finds no violations in Countrywide loan case
The House Ethics Committee has found no violations in the Countrywide VIP loan program probe, saying that charges of preferential treatment fell outside of its jurisdiction, the Los Angeles Times...
View ArticleA record-breaking year
Even in a year of uncertainty — between the presidential election and the looming fiscal cliff — New York still managed to shatter several of its real estate records. Here’s a recap of the barriers...
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