Main Header

Main Content

The Real Deal

RSS The Real Deal New York
  • Stallone-backed boxing gym Rumble inks lease for entire UES building May 22, 2017
    Rumble, the trendy boxing gym concept backed by investors such as “Rocky” star Sylvester Stallone and Justin Bieber, has inked a deal for its third Manhattan location. The chain is leasing an entire five-story building owned by landlord Samy Mahfar at 1495 Third Avenue between East 84th and 85th streets, sources told The Real Deal. […]
  • Cushman’s Gene Spiegelman on prepping for his next act May 22, 2017
    From the retail issue: Not long after he was named vice chairman and head of North America Retail Services for Cushman & Wakefield, Gene Spiegelman was summoned by then-CEO Edward Forst. That was two years ago, and it was when Spiegelman first heard the news: Rival DTZ was buying the global real estate services firm for […]
  • New York’s retail royalty hits the Wynn Las Vegas pool: PHOTOS May 22, 2017
    In the ICSC pecking order of see-and-be-seen events, the Wynn Las Vegas poolside Sunday is perhaps at the very top. New York’s biggest retail landlords brave the sun – there seems to be a correlation between how much of Fifth Avenue one owns and their tolerance for the heat – and come together with top […]
  • 32 luxury pads in contract, and half were under $5M: Olshan May 22, 2017
    Even well-heeled buyers are looking for deals. More than half of the luxury properties that went into contract last week were under $5 million, according to Olshan Realty’s weekly market report. Between May 15 and 21, there were 32 contracts signed on properties $4 million and over, with a total weekly asking price sales volume […]
  • Prominent real estate families band together to fund tech investments May 22, 2017
    Prominent real estate families like the LeFraks, Rudins and Wilpons are teaming up to look for new opportunities in the real estate technology sector. The families formed an informal network to streamline the investing process and provide a few promising tech companies with access to their industry relationships, customers and diverse portfolios, the Wall Street […]
  • Alamo Drafthouse to open 40K sf theater at 28 Liberty May 22, 2017
    The popular dinner-and-a-movie theater Alamo Drafthouse Cinema is about to sign a lease for 10-screen, 40,000-square-foot multiplex at 28 Liberty, the latest movie house to call the Financial District home. The deal is the latest move in Chinese conglomerate Fosun International’s overhaul of the 2.2 million-square-foot former Chase Manhattan Plaza, which includes a new restaurant […]
  • Retail asking rents fall in 14 of Manhattan’s 17 shopping corridors May 22, 2017
    Rents fell in 14 of Manhattan’s 17 shopping corridors earlier this year, as retail landlords continue to look for a soft landing while asking rents slide from record highs. On the glitzy stretch of Fifth Avenue between 49th and 57th streets, retail asking rents dipped two percent to $3,324 per square foot, according to figures […]
  • The bar for BK resi sales just got higher May 22, 2017
    From the May issue:  It can take years to shatter a New York City sales record, but in Brooklyn’s red-hot condo market, a trio of deals has raised the bar several times in the past six months. Most recently, the triplex penthouse at the Clock Tower building in Dumbo traded hands in late March for […]
  • CompStak, Xceligent partner up May 22, 2017
    Real estate tech companies Xceligent and CompStak reached a deal to integrate their online platforms, in an apparent bid to better compete with New York market leader CoStar. Xceligent, a commercial property database, will now link its platform to CompStak, a crowdsourced database for leasing comps. Users who subscribe to both products can look at […]
  • Top TRD stories: Investor group files for bankruptcy on West Village townhouses, how the Clock Tower building is changing the South Bronx … & more May 22, 2017
    Current reader favorites: 1. Investor group files for bankruptcy on West Village townhouses 2. The anatomy of gentrification: How the Clock Tower building is changing the South Bronx 3. Inside the retail apocalypse 4. The state of RECon 5. Alleged Brazilian money-laundering scheme touches Dezer Development, Porsche Design