The Real Deal

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The Open Restaurants program was once the saving grace of many NYC restaurants. Are landlords turning against it now? bit.ly/3yjR4wS
Eran Chen on getting his start, designing jenga-like buildings, and working with Larry Silverstein and Yoel Goldman bit.ly/39tG2LL
Nelson Management is looking to get north of $200M for a 1,300-unit Bronx apartment portfolio bit.ly/3OIrUxo
A triplex penthouse in Tribeca is for sale after a year as as an $85,000 a month rental therealdeal.com/2022/06/26/tri…
The Maui property sits next to 100 undeveloped acres owned by Oprah Winfrey. bit.ly/3yiTprN
The 98-acre Hudson Valley horse farm owned by mob boss “Fat Tony” Salerno could be yours for $1.5M therealdeal.com/2022/06/26/rhi…
New York, Miami residents most at for hurricane damage in 2022, @CoreLogicInc says therealdeal.com/2022/06/25/som…
City-dwellers didn’t move all that far away when they fled during the pandemic therealdeal.com/2022/06/25/cit…
The Providence, New York property, said to be haunted, is being marketed for $250k. therealdeal.com/2022/06/25/dil…
In the wake of the Supreme Court's overturning of #RoeVWade, @DouglasElliman says it will cover abortion-related travel and expand out-of-state healthcare therealdeal.com/2022/06/24/ell…
The Long Island Board of Realtors is launching a fair housing awareness campaign therealdeal.com/tristate/2022/…
.@onepeloton wants to sublease a third of its Hudson Commons office space therealdeal.com/2022/06/24/pel…
.@GovKathyHochul spoke at the @REBNY gala, saying she would push for changes to support the industry. She did not elaborate, but has said that 421a will be addressed next year: therealdeal.com/2022/06/24/at-…
The Times Square Old Navy will reopen after losing its legal battle over rent at 1530 Broadway bit.ly/3brFUgo
Two startups’ recent funding rounds highlight investors’ interest in construction tech bit.ly/3Ozz4DU
Major brokerages like @Compass @DouglasElliman @BHSWorldwide and @corcorangroup offer agents a mixed bag of adtech strategies bit.ly/39SvkyM
Brooklyn and Queens combine nearly 70 percent more condo units in the pipeline than Manhattan. Nearly half are going into 10 neighborhoods therealdeal.com/2022/06/24/ran…
Carl Icahn alleges special servicers are manipulating the CMBS market therealdeal.com/2022/06/24/car…
A hotel owner that was taken over by Brookfield Property Group is taking its insurers into court over $150M in coverage related to pandemic losses therealdeal.com/2022/06/23/bro…
Definitely some swoon-worthy tales in there. twitter.com/harrysiegel/st…
The town tried to dismantle a dock at the Ram’s Head Inn, claiming it was on public property. bit.ly/3ODwLzS
Several retail leases on Long Island and a big office lease in New Jersey are among the recent deals making waves in the tri-state area therealdeal.com/tristate/2022/…
The former hedge fund manager and billionaire put the 1 Sutton Place South penthouse back on the market, enlisting @TalAlexander for its second try at a sale therealdeal.com/2022/06/23/for…
The slowdown in the housing market is affecting flippers too, according to an ATTOM report. bit.ly/3yfCfeI
"I treat everybody as if they're front door people." Don't share life lessons from developers often, but this is an extraordinary quote from BRP's Meredith Marshall, one of the few major black developers in New York. Excited to share the full interview @trdny soon. #TheClosing
Retweeted by The Real Deal
The seller is Lineage Properties, run by Ephraim and Eli Fruchthandler. therealdeal.com/2022/06/23/fru…
Law firm @Clifford_Chance will move into Brookfield’s 58-story tower in 2024 therealdeal.com/2022/06/22/law…
.@SaundersRE and @FortuneIntl are launching a referral program, linking the brokerages’ Hamptons and South Florida clientele therealdeal.com/tristate/2022/…
Owning a home costs $839 more per month than renting, according to a new report. A year ago, the difference was negligible. bit.ly/3bpOXyk
Hundreds of @jpmorgan employees lost their jobs because of what the bank called “cyclical changes” in the mortgage market. bit.ly/3Oah43f
Fashion retailer Yves Salomon is suing @ThorEquities’ Joe Sitt and business partner Bert Dweck for allegedly not returning its security deposit for 790 Madison Avenue bit.ly/3nbXZSh
Rising interest rates are crashing commercial real estate’s recovery from the pandemic. bit.ly/3yeLNXn
A @streeteasy report suggests that renters have been depleting the supply of open apartments in Brooklyn and Queens, leaving Manhattan as the inventory king. bit.ly/3n8VNuS
Still one of my favorite ⁦@fifthwallvc⁩ interviews with ⁦@trdny⁩ ‘s ⁦@hitsamty⁩ discussing the collision of real estate & technology and how’s its reshuffling the power hierarchy of real estate markets & influence. therealdeal.com/2022/01/04/wat…
Retweeted by The Real Deal
The New Jersey Bureau of Securities has issued a cease-and-desist order against NRIA. therealdeal.com/tristate/2022/…
Larry Ellison has been revealed as the buyer behind the $173 million deal for a South Florida compound, the most expensive home ever sold in Florida, @kkallergis reports for @trdmiami: therealdeal.com/miami/2022/06/…
David Koch’s widow reportedly has plans to restore the historic Southampton property. therealdeal.com/tristate/2022/…
Joe Chetrit negotiated a lifeline by modifying his defaulted loan on the Empire Hotel therealdeal.com/2022/06/22/che…
The Walker Tower condo board faced off with the feds after U.S. Marshals sold the penthouse at a 64% discount bit.ly/3xNDekX
Homebuyers are facing difficult conditions with rising prices and mortgage costs bit.ly/3zPvz8m
Daniela Sassoun, Mark Mistovich and Daryl Eisenberg have joined Sotheby’s East Side Manhattan Brokerage bit.ly/3HQ83Kj
Inflation-based rent solved one problem for these long-term deals but is now creating another. bit.ly/3naGwdc
Manhattan’s biggest loans last month favored rentals. A hotel portfolio also traded, likely at a discount, and $260 million was lent to buy a Fifth Avenue office building. Here are details. bit.ly/3OyQyjK
.@Lennar posted strong second-quarter earnings, but warned that its guidance is more like “guessing” therealdeal.com/2022/06/21/len…
The tide isn't turning anytime soon, with low inventory, high mortgage rates and higher prices limiting deals and sidelining some would-be buyers. therealdeal.com/2022/06/21/exi…
Gaia bought a trio of Lower East Side apartment buildings from SMA Equities after cashing out on some multifamily investments down South bit.ly/3QzW1bT
Steve Ells paid $30 million for the West Village property eight months ago therealdeal.com/2022/06/21/chi…
Manhattan’s luxury market saw just 12 contracts signed last week, the worst period in 18 months bit.ly/3QxJfLf
These townhouses – built in the 19th and 20th centuries – topped the Brooklyn luxury market last week according to @Compass therealdeal.com/2022/06/21/car…
The developers are planning a resi conversion at the Financial District office building they teamed up to buy for $180 million therealdeal.com/2022/06/21/sil…
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