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Category Archives: RE News

Andrea Greenberg’s ex-boyfriend dies in apparent suicide

Alejandro Aparicio, the ex-boyfriend of the real estate marketing executive Andrea Greenberg who was charged with stealing from her estate, died on Sunday in an apparent suicide. Aparicio rammed his motorcycle head-on into an 18-wheel truck in the Everglades, sources told The Real Deal. Late Sunday afternoon, Aparicio, 59, posted a note on Facebook apparently addressed to the late Greenberg, the Miami Herald reported. “I can’t bear any longer the never-ending yearning to feel the […]

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Kushner Companies relists Puck Penthouse with 36% price chop

It’s one of the biggest price cuts to hit the ultra-luxury market so far this year. Kushner Companies has relisted Penthouse 1 at 293 Lafayette Street for $42.5 million, according to the Wall Street Journal. That’s a 36 percent drop from the original listing price of $66M in 2015. It’s the last unit still available in the Puck building, which was bought by Charles Kushner and other investors in 1986, and later developed into six […]

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AEW Capital puts 360 Lex up for sale

AEW Capital Management is looking to sell its boutique office building at 360 Lexington Avenue asking just shy of $200 million. The Boston-based investment firm, headed by CEO Jeff Furber, put the 26-story building at the corner of Lexington and East 40th Street on the market with an asking price around $190 million, sources told The Real Deal. The pricing works out to a bit more than $700 per square foot. A representative for AEW […]

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Saks Fifth Avenue failed at a Manhattan mall. A flexible office space provider will replace it.

The retail space that once housed Saks Fifth Avenue’s mannequins and racks of clothes at Brookfield Place will gave way to massive conference rooms and meeting spaces. Convene, the flexible office space firm, has signed a partnership agreement to anchor Brookfield Property’s eponymous plaza at in Lower Manhattan. The startup, which builds and manages meeting and events spaces, said Wednesday it will establish a flagship location at Brookfield Place and take 73,000 square feet at […]

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Hamptons Cheat Sheet: Southampton home gets $1.5M as summer rental, Sagaponack street named East End’s priciest… & more

Southampton new build snags $1.5M as summer rental A tenant plans to lay down $17,500 a day to rent out a contemporary oceanfront home in Southampton for the summer, the New York Post reported. “In past years, we’ve hit the $1 million-plus rental mark, but this far surpasses it,” star broker Dolly Lenz told the newspaper. Finished just last year, the home on “Billionaire’s Row” at 1400 Meadow Lane still hasn’t been furnished. However, it does […]

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Mind behind the exclusive Avenues School nears deal for huge Brooklyn academy

Whittle, meet the Wheeler. Chris Whittle – one of the brains behind the private, for-profit Avenues School – is nearing a deal with Tishman Speyer to make its Wheeler development in Downtown Brooklyn the site of his newest enterprise. The education entrepreneur’s Whittle School & Studios is in late-stage talks to lease all 622,000 square feet of office space at Tishman’s $500 million redevelopment of the Macy’s store on Fulton Street, sources told The Real […]

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ISG founding partners finalize breakup: Craig Studnicky takes over brokerage

The ugly legal battle between the two founders of International Sales Group that sullied their partnership and threatened the Miami luxury brokerage’s existence has ended. Former business partners Craig Studnicky and Philip Spiegelman settled dueling lawsuits last month, after Spiegelman allegedly crashed ISG’s holiday party and accosted one of the firm’s brokers, according to court documents reviewed by The Real Deal. Spiegelman had sought court intervention in an attempt to dissolve ISG, while Studnicky counter-sued his […]

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US home sales drop as inventory grows in February: report

Is it a buyer’s market yet? Home sales declined in February as inventory grew in the U.S., according to a new report from Re/Max. The 4.2 percent drop last month marked the seventh consecutive month of year-over-year declines. Inventory, meanwhile, grew 5.8 percent in February, the fifth consecutive month. Re/Max’s monthly survey covers 54 metro areas across the country. “Trends of five months or more often indicate significant shifts, Re/Max CEO Adam Contos said in […]

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CW Realty files plans for 13-story building in Bushwick

A Brooklyn developer has filed plans for a 13-story building in Bushwick, one of the tallest in the neighborhood. CW Realty, a Williamsburg-based developer, is planning a 70,000-square-foot mixed use building at 333-335 Irving Avenue, according to a source. The building would contain 71 units spanning 60,000 square feet, and a 10,000-square-foot retail portion. It is not clear if the project will be rentals or condominiums. A representative for CW Realty declined to comment. Last […]

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Opendoor’s valuation hits $3.8B with latest funding round

The iBuyer startup Opendoor has raised $300 million, bringing its valuation up to $3.8 billion. The latest funding round was led by General Atlantic, a previous investor, and companies including Hawk Equity, SoftBank, Fifth Wall Ventures and GGV Capital took part as well, according to TechCrunch. The firm has now raised $1.3 billion in equity and has about $3 billion in debt financing to buy in properties. Outside agents did land a victory against Opendoor […]

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