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Category Archives: RE News

Brokers in cabs: An interview with Corcoran’s Tim Malone

In the fourth episode of The Real Deal’s “Brokers In Cabs” series, Corcoran Group’s Tim Malone talks about how he got his start in real estate, how his business is literally going to the dogs and his first date with his fiance, CNN anchor Don Lemon. Watch the full video above to see Malone’s thoughts on marketing, social media and knowing when to let clients go.

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Steve Croman sued over illegally deregulating apartments

Notorious landlord Steve Croman is facing another lawsuit that accuses him of violating New York’s rent laws. Tenants in his Greenwich Village property at 560-566 Hudson Street claim in court filings that Croman was illegally receiving tax breaks for the building under the state’s J-51 program, which requires landlords to provide their tenants with rent-stabilized leases. However, they say they did not receive rent-stabilized leases when they moved into the building, and they have not […]

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The Daily Dirt: Property tax reform and de Blasio, a history

It’s been nearly 40 years since the New York legislature passed a bill that established the current property tax system. Not much has changed since then.  Since his 2013 mayoral campaign, Bill de Blasio has advocated for changing the city’s property tax system. The related law has drawn the ire from many due to, among many things, the fact that it treats co-ops and condos as if they are rental buildings. But during de Blasio’s […]

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People that made NYC: The legacy of William Zeckendorf Sr.

Episode 3 of “People that made New York City” highlights William Zeckendorf Sr., who cleared 8 acres of slaughterhouses on the East Side to make way for the United Nations headquarters. During his heyday, he also bought the Chrysler Building from the Chrysler family and built the sprawling Kips Bay Plaza complex. Watch the video above to find out how he sacrificed profits in pursuit of architectural greatness, which ultimately led to his company’s bankruptcy. […]

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Dumbo’s new development deluge

New York is no stranger to reinvention. But the changes that have taken hold in Dumbo, even in just the last five years, have taken the neighborhood to a once-unimaginable place. When artists began trickling into the post-industrial Brooklyn area in the 1970s, they found massive concrete warehouses and postcard views. But the stone-lined streets were desolate. Today those same streets are teeming with tech workers, hotel guests, diners and shoppers spilling out from swanky […]

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Manhattan, Brooklyn see record high rents while concessions slip

Rental prices hit new highs in Brooklyn and Manhattan last month as concessions slightly decreased. In Brooklyn, the median rent price reached a record high of $3,015 following eight consecutive months of growth, according to the latest market report from Douglas Elliman. Rent prices also climbed in Manhattan, where the median price reached $3,500. In outlier Northwest Queens, median rents dropped 1.2 percent to $2,960. Jonathan Miller, CEO of appraisal firm Miller Samuel and author […]

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Pied-à-terre tax to make a return in Albany, lawmakers say

Manhattan State Sen. Brad Hoylman is not backing down. Months after a tax on second homes was shot down amid fierce opposition from the real estate industry and concerns over how it would jive with the city’s property tax system, the senator says he’s committed to making the so-called pied-à-terre tax viable. “It’s still of great interest I think to my colleagues. I’m continuing to carry it,” he said. The bill is currently in committee […]

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WATCH: Inside the nearly completed 3 WTC

 A person standing on the 76th-floor terrace of 3 World Trade Center can see four states, at least three bridges and Larry Silverstein’s new apartment at 30 Park Place (sort of). The 5,300-square-foot terrace is 934 feet above ground and is up for grabs to whoever takes the attached 31,000-square-foot office space. One World Trade Center looks almost close enough to touch from the tower’s tallest terrace, which also provides a panoramic view of […]

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At the Desk of: Rafael de Cárdenas

Architect Rafael de Cárdenas’ Noho office is carefully curated and seems more spacious than its 2,000 square feet. A selection of plants and art populate the chic three-room studio space occupied by his 10-person firm Architecture at Large at the iconic Cable Building, which sits at 611 Broadway and was designed by McKim, Mead & White. De Cárdenas, who founded the firm in 2006, started his career in fashion, designing men’s clothing for Calvin Klein, […]

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On anniversary of 9/11, the World Trade Center office market is now helping propel Downtown

After the devastation of the Sept. 11 attacks, it was years before the city and developers could break ground on the 16-acre site. In the ensuing 18 years, the complex has come to include a memorial, museum, park, transportation hub, retail hub and office towers, most prominently 1 World Trade Center. The development process continues today, helped in part by the continued success of the Downtown office market. The skyscraper at 5 WTC has been […]

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