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From selling underwear to selling real estate
Christopher Austad of Douglas Elliman Many New York sales agents have come to the business of real estate from a wide range of other professions. In an ongoing series, TheRealDeal.com will profile...
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New York pension funds to invest $500M in Sandy damaged areas
City Comptroller John Liu and Sandy Damage Victims of Hurricane Sandy are about to see relief from an unexpected source: the city’s four largest pension funds. City Comptroller John Liu announced this...
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Priciest, cheapest units to hit the market
From left: 535 West End Avenue and 235 West 102nd Street Lisa Lippman and Scott Moore of Brown Harris Stevens have this week’s priciest listing, according to Streeteasy.com. Located at Extell...
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Wagner Davis lawyers decamp to Porzio
Steven Wagner The law firm Porzio, Bromberg & Newman is diving into the New York City real estate game with the addition of a team of attorneys that includes Steven Wagner, John Wagner, Bonnie Reid...
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A foreclosure reversed, with help from CFPB
Jeanette Ogle, a 92-year-old widow with a reverse mortgage on her house, got a huge birthday surprise last week: She did not lose her home at a scheduled foreclosure auction that had drawn scrutiny...
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Meadow buys Midtown East tower for $61M
Jeffrey Kaplan and 211 East 43rd Street Meadow Partners, a Midtown-based investment fund that focuses on New York City and London, purchased a 25-story office tower at 211 East 43rd Street for $61...
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What really made Vornado’s CEO resign?
Michael Fascitelli A columnist for Forbes, Brad Thomas, is speculating that Vornado Realty Trust’s bet on struggling retailer JC Penney is what forced CEO Michael Fascitelli to step down this week....
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Stuy Town couple challenges blockbuster settlement
Stuyvesant Town Two residents of Stuyvesant Town-Peter Cooper Village are asking a judge to dismiss the planned $68.7 million settlement between tenants and ownership over allegations of rent...
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Customer service key in mortgage selection
An ad for mortgage services Close to a third of mortgage shoppers are willing to pay a premium for superior customer service, a new survey examined by the New York Times shows. The survey—conducted by...
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DelShah wins dismissal of 55 Gansevoort suit
Michael Shah and 55 Gansevoort Street A New York State Supreme Court judge yesterday dismissed a lawsuit disputing the ownership of 55 Gansevoort Street, a vacant Meatpacking District building that...
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Tahl sells Central Park North building for $28M
Joseph Tahl and 235 Central Park North (credit: PropertyShark) Tahl Propp Equities, one of Harlem’s largest landlords, has unloaded one of its many apartment buildings for $27.5 million, city records...
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Mary-Louise Parker lists Washington Square pad for third time
Mary-Louise Parker and her Greenwich Village apartment “Weeds” actress Mary-Louise Parker has re-listed her Greenwich Village apartment for the third time in a year, according to Streeteasy.com. The...
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Urban Outfitters officially leases at 3 Herald Square, tearing down the...
The portion of the Berlin Wall to be torn down for luxury housing construction (source: Worldcrunch) 1. A look at High Line copycats from around the world [Curbed] 2. It’s official: Urban Outfitters...
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“Like” TRD on Facebook
“Like” The Real Deal magazine on Facebook here, and you’ll be sure to stay abreast of the latest real estate news. Our Facebook page features breaking industry stories, links to quirkier pieces and...
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Top residential agents of the week
From left: Karen Kelley, Sharon Katzoff, Tom Doyle, Mika Sakamoto and Raphael De Niro Sources: Streeteasy.com and The Real Deal. Footnotes: Data is for closed deals filed with the city this week...
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Tenants at 66 Pearl sue over Sandy damage
Lawrence Properties President Asher Bernstein and 66 Pearl The landlord of 66 Pearl Street, a six-story apartment building in the Financial District, is facing a proposed class action for allegedly...
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Ross, Milstein, Zell make Forbes billionaire list
From left: Sam Zell, Mayor Michael Bloomberg, Stephen Ross and Richard LeFrak The New York City real estate industry is no stranger to huge volumes of cash trading hands. But only a few local players...
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Hudson Companies, DDG partner with architecture students on development mock-ups
David Kramer, 626 Flatbush Avenue and Joe McMillan DDG and Hudson Companies have partnered with architecture students at the University of Virginia, who will put together plans for one of each...
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City launches 5,000-unit Hunter’s Point project
A rendering of Hunter’s Point South (source: Mayor’s Flickr page) The city broke ground today on the first phase of the development of two apartment towers — comprising 925 affordable units — at the...
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Pinto to be questioned in U.S. in bribery case
Rabbi Yoshiyahu Pinto Rabbi to the real estate stars Yoshiyahu Pinto will now be questioned on American soil by Israeli police regarding allegations of attempting to bribe a senior Israeli police...
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