05/18/08

February 2008
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Lord Black vs. Sotheby's: Round two

Hell hath no fury like a real estate broker scorned, especially when it involves a multi-million dollar deal, the client refuses to pay the commission and the FBI makes an appearance at the closing...
By Jennifer Gould Keil

New landlords, not by choice

It's one sign that the condominium boom is over in parts of New York City: In up-and-coming, newly hip neighborhoods in Brooklyn and Long Island City, developers who originally planned to make millions by selling new condominiums are instead now renting these units.
By Amy Miller

Brokers find a silver lining with commissions

As nervous as brokers are about the 2008 residential market, there may be one bright light: Commissions might be back. Nationally, that's happening, according to Steve Murray, editor of Real Trends, which tracks commission rates.
By Jen Benepe

How bad can it get?

With dire prognostications for the U.S. real estate market multiplying like a virus, it's no surprise that the impregnability of Manhattan's market is being questioned.
By The Real Deal Staff

Times Square retail sets new records

New retail records set where Broadway crosses Seventh Avenue
By Catherine Curan

The Closing: Edward Minskoff

President of Edward J. Minskoff Equities, a New York-based real estate acquisition and development company. Minskoff founded the company, which leases and manages 5 million square feet of primarily commercial space, in 1987.

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Boroughs battle it out

How NYC real estate breaks down post-crunch—and who's on top
By Lauren Elkies
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Bracha's balancing act

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For Ilan Bracha, who balances a career as a broker at Prudential Douglas Elliman with his role as a developer at B+B Investment Group, the dual positions are an opportunity to flex both muscles.
By Lauren Elkies

Harlem up in arms, again

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Columbia University has already won approval for a controversial $7 billion expansion of its campus into West Harlem. But now New York City's proposal to rezone Harlem's cultural and business center on 125th Street is igniting another firestorm.
By David Jones

Closing a deal despite jackhammers

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City officials often tout construction as a sign of economic vitality, but in the midst of the building comes the very real challenge of how to sell or rent properties affected by dust, debris and noise.
By Sarah Portlock

Art, meet money: 'Paper architects' find reality in design-friendly city

For this month's supplement, we peek behind the curtain wall and ask: When architecture meets real estate, what happens? By Dorn Townsend

Bohemia trades up in the West Village

West Village townhouses are increasingly breaking the $10 million mark and attracting the city's wealthiest buyers. But some brokers fear that the neighborhood's once bohemian edge is being overwhelmed and diluted by high-end condos and luxury retail. By Melissa Dehncke-McGill

Will new development divisions be forced to scale back?

As condo developments popped up all over the city, an industry of marketing and advertising sprouted up around them. But real estate experts are wondering what will happen to those divisions now that the U.S. economy is turning.
By Claire Levenson

Shoddy construction watch

The rush to build in recently rezoned residential neighborhoods caused construction complaints to skyrocket just over 18 percent in 2007 to 21,971. That's both the largest number of complaints and greatest year-over-year increase for all five boroughs, according to the New York City Department of Buildings.
By Michael Rudnick

West 57th Street: Dowdy block preps for makeover

West 57th Street is poised to go from dowdy to chic. Upscale merchants such as Nordstrom are said to be eyeing 57th Street between Fifth and Sixth avenues, and a luxury hotel could also sprout on a block where several properties have recently changed hands.
By Barbara Thau

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