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The Real Deal is the leading source for real estate news and information. Covering the deals, developments and policies that matter.
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News
Kings Capital buys vacant FiDi Building, plans for conversion
1+ mon, 3+ week ago (289+ words) Developer pays $30M for former New York Presbyterian Hospital residence hall Kings Capital acquired a long-vacant 17-story building in Manhattan’s Financial District with plans to convert it into a sleek rental building. The development group, led by George Giannopoulos and Jeffrey…...
Ken Griffin wins city approval to buy historic cottage near Citadel’s HQ for $3M
1+ mon, 3+ week ago (525+ words) Dade Heritage Trust to move building to Coconut Grove on Billionaire’s dime Ken Griffin is one step closer to buying the 121-year-old historic cottage near Citadel’s future headquarters in Brickell for $2.98 million after gaining the city of Miami’s support. Miami…...
Lincoln Park mansion of student-housing developer priced down to $7M
1+ mon, 3+ week ago (376+ words) A Lincoln Park home, tied to student-housing developer Scion Group’s Rob Bronstein and his wife, was listed again after a price cut to $6.95 million on Wednesday, according to a Zillow listing. The 9,500-square-foot mansion at 1878 North Orchard Street first hit…...
Billionaire Ken Griffin eyes city-owned Brickell property in $3M deal
1+ mon, 4+ week ago (484+ words) 120-year-old white wood-frame cottage sits adjacent to the Solaris condo Griffin recently bought out Billionaire Citadel founder and CEO Ken Griffin could scoop up one of Brickell’s oldest buildings, which sits across from the hedge fund’s future headquarters and is…...
Lincoln Property Acquires Spectrum Companies in Charlotte
1+ mon, 4+ week ago (196+ words) Dallas-based firm folds Charlotte developer into its regional division to accelerate multifamily growth Dallas-based developer Lincoln Property Company is buying Charlotte developer the Spectrum Companies for an undisclosed dollar figure. Spectrum is expected to fold their 43 employees into Lincoln’s Charlotte…...
Victor Sigoura on how to be a NYC condo developer
2+ mon, 1+ week ago (821+ words) In Sigoura’s first development job he was tasked with handling the hotel union protesting The Plaza hotel condo conversion. Now he is on his own and smashing records for his new condo project on the Upper East Side Victor Sigoura’s…...
NY Dirt: Do neglected buildings make money?
2+ mon, 1+ week ago (518+ words) Data on violations, net operating income When landlords don’t collect enough in rent, they can’t maintain their buildings — that means poor living conditions for tenants. This is a major argument made against freezing the rent in rent-stabilized apartments, as New…...
NY Dirt: Real estate recoils at left-wing primary victory
2+ mon, 2+ week ago (630+ words) A wave of Mamdani-backed wins stands to change Albany, DC dynamics Landlord and homeowner groups are steeling themselves for a new reality in Albany. “The socialists have made no apologies on their positions when it comes to housing,” Kenny Burgos,…...
Gary Barnett’s Park Avenue puzzle
3+ mon, 4+ day ago (281+ words) Acquisitions, air-rights and a foreclosure filing hint at Extell’s assemblage plans Start today for only $1 Gary Barnett’s latest Midtown buying spree fits a familiar Extell playbook: quietly assemble strategic parcels, secure development rights and leave everyone guessing about the endgame....
New York’s top developers unfazed by trade wars: rankings
3+ mon, 1+ week ago (823+ words) Leading firms filed 19M square feet of new projects in 2025 Real estate was finally showing signs of stabilizing at the beginning of last year. Then President Donald Trump’s second-term trade policies shook up the market again. “It’s created a lot of…...