Real Estate
 

Hamptons, North Fork sales data emerge in wake of computer hack

The Real Deal New York 10/4 1:00P By Holden Walter-Warner
Is the Hamptons housing market retrenching like the nation’s as a whole? The numbers seem to suggest so, but the brazen hack of Suffolk County’s computer system halted data gathering three weeks before the quarter ended. The number of sales...

American Express to explore headquarters sale, move

The Real Deal New York 10/4 10:38A By Lois Weiss
American Express has hired Cushman & Wakefield to weigh its office options as the financial giant ponders its footprint in Manhattan and beyond. A vast amount of prime space is at stake, much of it at Brookfield Property Partners’ 200 Vesey...

Editor’s note: Reading the tea leaves of fall

The Real Deal New York 10/4 9:30A By Stuart Elliott
Welcome to the fall. The world hasn’t fallen apart (yet).   With summer over, and Wall Street traders back at their desks, any economic clouds they had been able to ignore while on holiday loom larger.  That phenomenon helps explain why stock...

Steve Ross in contract to sell Time Warner Center pad

The Real Deal New York 10/4 8:45A TRD Staff
Stephen Ross’ Columbus Circle penthouse is in contract with a massive cut off its initial asking price. The Related Companies chairman and Miami Dolphins owner last asked $49.9 million for the condo, before it went into contract for $40 million,...

Title searches resuming after Suffolk County cyberattack

The Real Deal New York 10/4 8:00A TRD Staff
Suffolk County’s title search system is back online, but ramifications from last month’s cyberattack will affect the real estate industry for a bit longer. The county resumed title searches over the weekend, Newsday reported. It was the first...

Compass trio bumps Corcoran Sunshine from UES condops

The Real Deal New York 10/4 7:00A By Sasha Jones
An Upper East Side condop is changing up its sales strategy, less than a year after its completion. Corcoran Sunshine is out at 1228 Madison Avenue, where it sold eight out of its 13 of the units. Sales and marketing are now falling to a Compass...

US retail real estate rises from the ashes

The Real Deal New York 10/4 6:05A TRD Staff
The onset of the pandemic sent retail real estate through the ringer, first with lockdown-imposed closures before the rise of e-commerce inspired predictions of doom. But the market climbed to new heights earlier this year as asking rents are...

Rubenstein rolls co-working company into 25 Kent

The Real Deal New York 10/4 5:00A TRD Staff
UPDATED, Oct. 4, 2022, 12:30 p.m.: Another coworking company has arrived in New York City. Israel-based Mindspace is taking 37,000 square feet at Rubenstein Partners’ mixed-use 25 Kent Avenue in Williamsburg, Commercial Observer reported. Asking...

GID sells multifamily complex for $113M

The Real Deal New York 10/4 4:15A TRD Staff
San Francisco-based Friedkin Property Group is making a multifamily play on the opposite coast, snapping up a Westchester County apartment building for $113 million. The real estate investment group purchased Windsor at The Gramercy in White...

As city wields stick, real estate players seek state’s de-carb carrot

The Real Deal New York 10/4 3:30A By Erik Engquist
The state and city are playing good cop, bad cop to get owners of big buildings to cut their carbon footprints. The efforts are not actually coordinated, but do reflect clashing approaches to climate change and real estate. While New York City is...

Metro area’s resi market slowdown drags on

The Real Deal New York 10/4 2:45A By Harrison Connery
September homebuying activity in New York City and its suburbs would look relatively busy if not for last year’s frenzy. New signed contracts last month were down 20 to 30 percent across the board compared with a year ago in the city and the...

Regal Ventures picks up Midtown retail condo in strong week of i-sales

The Real Deal New York 10/4 2:00A By Pat Ralph
New York City dealmakers closed out September with a strong week of mid-market investment sales, driven by the multifamily market. Three of the five commercial property transactions between $10 million and $40 million that hit city records last...

There will be blood: Inside Compass’ wartime playbook

The Real Deal New York 10/4 1:30A By Hiten Samtani
When Compass was raising record-shattering sums of venture capital, rattling the residential industry in the process, a rival brokerage leader described it as the “greatest fundraising machine in the history of America.”  Unfortunately for the...

Annie Leibovitz buys full-floor West Village condo for $6.5M

The Real Deal New York 10/4 1:00A By Sasha Jones | Research By Gre
Annie Leibovitz is snapping more than just photos in the West Village. The famed portrait photographer bought a condo at 495 West Street last week for $6.5 million, records show. Leibovitz paid about $500,000 below-ask for the 3,000-square-foot...

Facebook signs out of Midtown South

The Real Deal New York 10/3 5:17P By Rich Bockmann
Facebook is ditching one of its earlier Manhattan office spaces in another sign that Big Tech’s appetite for real estate is not as all-consuming as it was a few years ago. The company, now known as Meta, terminated its lease at 225 Park Avenue...
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