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  • From Shaq to Leonardo DiCaprio, the latest celebrities to invest in real estate November 15, 2019
    Celebrities from Jennifer Aniston to Sting to Oprah Winfrey regularly make headlines when they buy or sell lavish homes, but a handful of actors, athletes and public figures have taken their real estate investing to the next level. Retired all-star Yankee Alex Rodriguez — who was featured on The Real Deal’s cover last month — […]
  • Green roof mandate kicks in, WeWork bonds sink as bailout delayed November 15, 2019
    Every weekday The Real Deal rounds up New York’s biggest real estate news. We update this page throughout the day, starting at 9 a.m. Please send any tips or deals to tips@therealdeal.com This page was last updated at 2 p.m. Video produced by Sabrina He Starting today, new and renovated roofs must be eco-friendly. Local Laws 92 […]
  • Inwood site goes for twice what seller paid last year November 15, 2019
    The Arden Group has closed on its purchase of a 47,350-square-foot development site at the edge of a rezoned section of Inwood. The deal for 4650 Broadway closed earlier this week between Philadelphia-based Arden and Abraham Fructhandler’s FBE Limited for $54 million, according to a person familiar with the transaction. Arden did not immediately return […]
  • Landlords lob another lawsuit at new rent law November 15, 2019
    A group of landlords has filed another lawsuit challenging New York’s new rent law, alleging that the measure is unconstitutional. The complaint — filed by a group of landlords including Dino, Dimos and Vasiliki Panagoulias — refers to the Housing Stability and Tenant Protection Act of 2019 as a “regulatory scheme” and a “regime in […]
  • Coming soon: TRD’s 250th issue! November 15, 2019
    The Real Deal will be celebrating its 250th issue this January! This special commemorative issue will include a look back at the first two decades of New York real estate in the new millennium, and some of The Real Deal’s most notable coverage. Don’t miss our stories on the billion-dollar dealmakers and the billion-dollar deals […]
  • Massive, controversial Queens site back on market November 15, 2019
    An 18-acre Queens development site has hit the market, and its owner hopes to fetch more than $40 million, sources said. The property, at 151-45 Sixth Road on the Whitestone waterfront, is being marketed by a Cushman & Wakefield team led by Stephen Preuss. It is being pitched as shovel-ready and approved for 52 single-family […]
  • SoftBank wanted Jared Kushner to divest from Cadre November 15, 2019
    Talks for SoftBank to fund crowdfunding startup Cadre ended when Jared Kushner declined to divest his ownership stake in the company. Ryan Williams — who co-founded the platform with Jared and Joshua Kushner in 2014 — was in talks with SoftBank CEO Masayoshi Son in early 2018, Bloomberg reported. Williams had even flown to Tokyo […]
  • Unions at bay, but hostility for real estate worse than ever November 15, 2019
    Inside an elegant dining room at the Pierre hotel Thursday, panel moderator Robert Blumenthal scanned the floor — packed with real estate’s biggest names — for signs of unrest. It was a decidedly calmer scene than at the same Schack Institute of Real Estate capital markets conference a year ago, when protesters interrupted the panel […]
  • Housing court could get a lot more political under reform plan November 15, 2019
    The city’s housing court judges could become political appointees under a proposal to dramatically rework the state’s judicial system. Housing court judges today are appointed by a judicial advisory council. But under a plan examined at a state legislative hearing Wednesday, the mayor’s office could be making those appointments. That’s concerning to some, considering the […]
  • ‘Thank God’ for techies: Silicon Valley execs ramp up NYC resi purchases November 15, 2019
    The news about New York’s luxury residential market has been grim lately — at least for developers and brokers. Sales volume is down. Inventory is piling up. And discounts are the norm. But brokers say there’s one group of buyers who have been eager to pull the trigger on deals: wealthy tech executives. And those […]