14
Can the controversial super-broker maintain Dolly’s next act Who has the tightest grip on NYC sales? A breakdown of which brokerages have the most listings in which neighborhoods — and where the fiercest battlegrounds are. p75 Zillow zaps StreetEasy T HE REALDEAL 30 ‘Title hell’ sets in for brokers Hedge funds ink high-flying leases 62 22 Airbnb vs. NYC hotel industry Vol. 12 No. 11 November 2013 $3.00 www.TheRealDeal.com 20 How Jersey City finally became hip 81 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 20 Sellers backtrack on ‘best and final’ 49 36 Vol. 13 No. 2 February 2014 $3.00 www.TheRealDeal.com NEWYORKREAL ESTATE NEWS 18 The NYC area stadium stimulus Sealing deals with Instagram 128 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 profits by increasing ‘loss factor’ for unusable common space p42 Sticker shock at NYC condos Jared Kushner, accidental CEO Lies about size at office towers Final sales of Helmsley era 56 More brokers cut commission The unglamorous $40 million buyers 46 22 Chinese investors: ‘the new Russians’ Vol. 13 No. 1 January 2014 $3.00 www.TheRealDeal.com NEWYORK REAL ESTATE NEWS 18 Witkoff: the savvy strategist Dealmaking at courtside seats 120 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’s benchmarks Frank McCourt: A new ballgame Bracing for de Blasio p35 Vol. 12 No. 8 August 2014 $3.00 www.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 firestorm Developers seize on stalled sites Calculating the cost of luxury 48 NYC restaurants eat it on rising rents 52 20 Hamptons condos have their moment 60 Inside NY’s splashiest condo sales centers Weisbrod’s popularity test ILLUSTRATION BY D. STUDIO NEWYORK REAL ESTATE NEWS THE LATEST GAME-CHANGING DEALS AND PROJECTS RESHAPING THE CITY’S HIPPEST BOROUGH p32 BREAKING RECORDS IN BROOKLYN Renters ink deals off floor plans, too 16 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 firestorm Developers seize on stalled sites Calculating the cost of luxury ILLUSTRATION BY D. STUDIO More rentals ask $100K a month 50 Brokers double dip to get deals 56 54 Vol. 12 No. 3 March 2014 $3.00 www.TheRealDeal.com NEWYORK REAL ESTATE NEWS 24 A look at murdered landlord Stark’s assets Book dishes on 15 CPW 124 ILLUSTRATION BY D. STUDIO Investment sales brokerages ranked Social media s new status How 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, firm’s finances come into focus p46 Towns 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 estates rising stars ILLUSTRATION BY D. STUDIO As Heiberger and Sitt battle for control of company, firm’s finances come into focus p46 go head-to-head After his blockbuster sale of the Standard High Line, hotelier expands to other side of pond p34 the ( hotel ) giant The 35-and-under crowd that’s making waves across the industry in NYC p66 rising stars Commission splits revealed 48 NEWYORK REAL ESTATE NEWS Vol. 12 No. 7 July 2014 $3.00 www.TheRealDeal.com 60 REBNY, post Spinola 56 Former “it” condos and their new rivals 114 Yair Levy gets defiant 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’S LATEST WAVE OF BIG 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 local building blitz NYC’S TOP 75 RESIDENTIAL AGENTS Buffett’s big Buffett’s best buy 50 NYC apartment prices skyrocket 58 56 Vol. 12 No. 4 April 2014 $3.00 www.TheRealDeal.com NEWYORKREALESTATE NEWS 26 Domino Sugar deal not so sweet for mayor Kevin Maloney, almost in Attica? 130 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- profile tenants in the country’s most valuable office tower p38 Real estate’s biggest spenders Urban Compass’s new direction The GM Building billionaires’club Selling condos to fake tenants p52 43 Broker backlash for selling apts too fast 64 NEWYORK REAL ESTATE NEWS 40 Buying frenzy on the Far West Side 122 Vol. 12 No. 6 June 2014 $3.00 www.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 fired Sunset Park vs. Garment District 20 NEWYORKREAL ESTATE NEWS Vol. 12 No. 5 May 2014 $3.00 www.TheRealDeal.com NYC S SUPER FIRMS 44 Frustrated buyers halt their searches 68 50 26 New questions after Moreland inquiry 20 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 firms to the best boutiques p34 48 Vol. 12 No. 10 October 2014 $3.00 www.TheRealDeal.com NEWYORK REAL ESTATE NEWS 28 De Blasio’s next big tests PHOTOGRAPH BY MARC SCRIVO Midtown South’s priciest office leases Crowdfunding field gets crowded 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 construction prices hit developers Breaking down the cost of what it takes to put up a NYC building today p40 A Gold Coast glut in Jersey? A roundup of the roughly 10,000 new 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 newest developers 65 166 A farewell to Tamir Sapir Vol. 12 No. 9 September 2014 $3.00 www.TheRealDeal.com 55 Inside the office of Robert A.M. Stern 62 30 NoMad retail goes upscale 152 NYC’s 2014 records ... so far Real estate’s restaurateurs ILLUSTRATION BY NOAH MCDONOUGH NEWYORK REAL ESTATE NEWS Fewer bidding wars as inventory rises 24 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 luxury market A 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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Page 1: New York Real Estate News - The Real Deal - ranking …therealdeal.com/wp-content/uploads/2014/12/NYCmediakit...to maintain New York’s priciest homes after their eye-popping purchases

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

®

REAL ESTATE PARTNERS

P R E M I E R S P O N S O R

GO TO www.TheRealDeal.com/Forum INSERT PROMO CODE #FORUM FOR 25% OFF TICKET PRICES

Featured Panel is ts :

Sponsored by :

THURSDAY, MAY 15, 2014 11AM–6PM THE ALTMAN BUILDING 135 West 18th Street, NYCSponsorship info: 212-505-6271 or email [email protected]. VIP after party to follow for sponsors and invitees.

NE W DE V E L OPME N T SHO W C A SE

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1x 3x 6x 12x

Spread $12,524 $11,027 $9,802 $8,707

Full Page $6,939 $6,265 $5,588 $4,760

Junior Page $6,256 $5,573 $5,172 $4,359

Half Page $4,857 $4,380 $3,910 $3,332

Third Page $4,489 $4,218 $3,806 $3,263

Quarter Page $3,134 $2,721 $2,451 $2,038

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