The Real Deal - New York Real Estate News

WATCH: Everything you always wanted to know about Opportunity Zones

Posted: 22 Nov 2018 12:00 PM PST

As the Opportunity Zone program stirs greater interest among developers and investors, what exactly is the federal tax incentive measure and who stands to benefit? Check out the video above for what you need to know about the new program, its rules and how to get in on the ground floor. Read more here. Nathan Bickell contributed graphic design to this video.

The godfather of the modern commercial brokerage

Posted: 22 Nov 2018 11:00 AM PST

Agents with specialties. Electronic databases that track tenants. Shiny shoes and suspenders. In ways both substantive and superficial, the Edward S. Gordon Company, a firm that came to prominence in New York in the 1980s, was instrumental in creating the modern-day commercial-brokerage business. A clear line can be drawn from that legacy to the firm’s namesake: a colorful character who generated tremendous good will before his death at the age of 65 in 2000, according […]

Inside the battle for StreetEasy’s soul

Posted: 22 Nov 2018 10:00 AM PST

The ink was barely dry on Zillow’s 2014 agreement to buy Trulia for $2.5 billion when the real estate behemoth got its first real challenge — from media titan Rupert Murdoch, no less. Just 60 days after news broke that the two national residential-listings websites would merge, News Corp. announced its own massive acquisition: The $950 million cash purchase of Move Inc., which operates rival listings site Realtor.com. At 5:58 a.m. on September 30, the […]

WATCH: Mary Ann Tighe on whether real estate needs a #MeToo moment, rebuilding Lower Manhattan after 9/11 and more

Posted: 22 Nov 2018 09:00 AM PST

 On the evening of Sept. 11, 2001, CBRE tri-state CEO Mary Ann Tighe had a chance encounter with landlord and developer Larry Silverstein. “I ran into him — he was about to go into a place to have dinner, and I ran into him on the street on the Upper East Side,” Tighe told The Real Deal’s Hiten Samtani during a wide-ranging video interview. “We were standing in front of each other and I began to […]

Banks are far more exposed to risky real estate loans than you think — thanks to this loophole

Posted: 22 Nov 2018 07:00 AM PST

UPDATED, Nov. 6, 4:47 p.m.: Last February, Slate Property Group and GreenOak Real Estate landed a $285 million loan from the Blackstone Group to finance the acquisition and renovation of RiverTower, the enormous Midtown East rental building. It was a bold deal: although the young Manhattan-based Slate has done around $3 billion in deals in recent years, it had never taken on a single transaction close to this size. In years past, a bank would […]

NYC’s next wave of dynasties

Posted: 22 Nov 2018 05:00 AM PST

New York City has a long, storied tradition of families shaping its skyline. Family-run businesses like the LeFrak Organization, Tishman Speyer, Rudin Management and the Durst Organization are local legends, known for taking on major development projects and holding on to some of the city’s largest assets across three or more generations. It’s not an easy time, however, for the family dynasties on the rise. A field once dominated by those well-established families is now […]