10/06/08

March 2008
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A unit-by-unit look at 15 CPW

The Real Deal set out this month to detail a unit-by-unit breakdown in Manhattan's much-heralded newly constructed condo project, 15 Central Park West...
By Lauren Elkies and Catherine Contiguglia

Will high-end be next to fall?

The luxury real estate market in New York City has been credited by some for bolstering the rest of the market in the five boroughs, but economists and real estate experts disagree about how long the phenomenon can last.

By Adam Piore

Power shifts to buyers

It has been a while, but Manhattan home buyers seem to be getting the upper hand, with prices starting to soften and qualified buyers taking their time to shop around.
By Lauren Elkies

REBNY rules to speed up new development sales

A committee formed by the Real Estate Board of New York is attempting to iron out the kinks of selling apartments in new developments.
By Alison Gregor

Buildings trade at a discount

Brokers are saying their anecdotal experience leads them to believe that prices have fallen 5 to 10 percent since the credit crunch hit last June.
By The Real Deal Staff

With glass costly, a new idea: Walls

As the price for glass increases and the economy and housing market waver, some developers are looking to use less expensive alternative materials as they design new buildings.
By Sarah Portlock

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Divorce, developer style

Before the luxury condos — with their wood-burning fireplaces, mahogany doors, sun-drenched living rooms and capacious balconies — were fodder for the pages of glossy real estate catalogues, the classic white brick complex was a cautionary tale for bad real estate marriages.
By Adam Piore
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The Closing: K. Thomas Elghanayan

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President of Rockrose Development Corp., which he founded in 1970 with older brother Henry, the chairman. Rockrose's operating portfolio includes 19 residential properties and five office buildings in New York City, as well as six office buildings in Washington, D.C.

Samuel LeFrak: A maker of mini-cities

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Samuel LeFrak used to joke that he had cement running through his veins, an allusion to his heritage as a third-generation builder. And with his large imprint on the metropolitan area — LeFrak City in Queens, Battery Park City downtown, and Newport in Jersey City being the most recognizable — LeFrak's legacy is part of New York City's DNA.
By Matt Schneiderman

Ikea's design for Red Hook

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The irony of Ikea's new position as a spark of retail life that might pull Red Hook back from the real estate graveyard is not lost on brokers and business owners in the neighborhood, where many in the community have strongly opposed its opening.
By Gregory Beyer

A soft landing in store for retail

The past few months have seen a lively exchange of views on the health of the city's retail businesses. For The Real Deal's special supplement this month, we look at both views, examining how the city's retail scene is faring in a series of stories. By Dorn Townsend

Luxe burbs still shine in priciest sales

This month The Real Deal took a look at the top 10 home sales in Nassau, Suffolk and Westchester in New York; Fairfield in Connecticut; and Bergen in New Jersey; and the performances were impressive.
By James Kelly

Q & A: Riding high in Brooklyn Heights

While the neighborhood has become something of a buyer's market because of the recent economic uncertainty, the limited inventory in the Heights has helped insulate it from the more severe pain seen in some other Brooklyn neighborhoods.
By Melissa Dehncke-McGill

Dangling carrots before brokers at new condos

Forget the buyers. Instead, some developers are offering brokers sexy gifts like iPods, AMEX gift cards and a package of goodies including airline vouchers and laptops. That way, you can move units without resorting to lowering prices.
By Lauren Elkies

More New Yorkers opt to rent, not buy

According to brokers and price-watchers, fallout from the subprime crisis is creating enough doubt in the city's real estate market to prompt many to wait out the uncertainty and rent instead of buy.
By Julia Dahl

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