Drama unfolds in residential real estate – Robert Khodadadian
In Chicago, powerhouse broker Leigh Marcus of @properties was caught in a bombshell recording suggesting to second-in-command Grahm Bailey that a staffer — who had taken unpaid maternity leave in the past — be fired before she had another child.
The fallout is ongoing, but @properties took an immediate hit to the image it had cultivated, and saw at least 16 employees resign since the recording — which had made the rounds in Chicago brokerage circles — became quasi-public.
Drama of another kind unfolded in South Florida, where soccer supernova Lionel Messi and his wife, Antonela Roccuzzo, bought a 10,500-square-foot, eight-bedroom estate in Fort Lauderdale’s Bay Colony through a company led by Messi’s wealth manager, Alfonso Nebot, records show.
Ben Dvir, 47, is accused of having a vendor that sold tiles to the condo building for its common areas inflate invoices — and then Dvir allegedly siphoned the markup for himself, according to an arrest affidavit. From 2019 to 2021, he received $32,906 in commission checks.
Police arrested Dvir on Wednesday on a charge of grand theft. (Dvir wasn’t alone in his arrest this week. Miami city commissioner Alex Diaz de la Portilla was arrested on Thursday and criminally charged for a laundry list of allegedly corrupt actions in connection with his younger brother’s failed judicial campaign last year.)
While the median price for a Manhattan apartment last month saw no change in August, sticking at $4,400, the number of new leases remained low, with just 5,025 new rental contracts across the borough — a 14 percent decrease from August 2022, according to a report by appraisal firm Miller Samuel on behalf of Douglas Elliman.
In Brooklyn, the median price for a unit fetched $3,850, making it the second highest month for rents on record. In Northwest Queens, rents continued to smash records with median apartment price leaping to $3,900, an increase of more than 7 percent from July when prices hit $3,641.
Finally, Extell Development chief Gary Barnett cut the price on his Central Park Tower penthouse, which isn’t all that unusual. But the cut was extremely steep — $55 million — and the penthouse price is still an eye-watering $195 million, or $11,000 per square foot, for the 17,500-square-foot triplex.
While much of the focus this year has been on the cratering office and multifamily markets, a lot of drama played out this week in residential real estate. In Chicago, powerhouse broker Leigh Marcus of @properties was caught in a bombshell recording suggesting to second-in-command Grahm Bailey that a staffer — who had taken unpaid
The post Drama unfolds in residential real estate appeared first on The Real Deal. Uncategorized, Week in Review The Real Deal Read More
Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.