Costas Kondylis, the “developer’s architect,” dies at 78

Constantine “Costas” Kondylis, one of Manhattan’s most prolific architects and President Trump’s go-to designer, died on Friday. He was 78. Kondylis is best known for his frequent collaborations with Trump, but his mark on New York City reaches far beyond those projects. During his 50-plus year career in the city, he designed more than 86 buildings, including Trump World Tower, Silverstein Properties’ Silver Towers, the Moinian Group’s the Atelier and J.D. Carlisle Development’s One Morton […]… Read More Costas Kondylis, the “developer’s architect,” dies at 78

No longer New Yorkers: Some are fleeing the tri-state and heading to lower-tax areas

It was early January — just weeks after President Trump’s tax bill went into effect — when Colby Gaines, a producer of the reality TV show “Pawn Stars,” approached his wife with a radical idea. The couple, he said, should move from New Jersey back to his native Texas, where they could save $500,000 a year on taxes. “It was just so stark,” said the founder of Back Roads Entertainment. “It’s undeniable to anyone who […]… Read More No longer New Yorkers: Some are fleeing the tri-state and heading to lower-tax areas

Is EB-5 coming apartat the seams?

As migrant children lay separated from their parents in detention centers in south Texas, the Senate Judiciary Committee met in Washington in mid-June to discuss the EB-5 visa program, which gives foreign investors a path to U.S. citizenship if they commit at least $500,000 to job-creating enterprises. The Trump administration has tried to reshape America’s immigration system through executive orders and increased prosecutions, but Congress has temporarily renewed EB-5, once again, with the White House […]… Read More Is EB-5 coming apartat the seams?

Resurgence of the Ground Lease: Q&A With Skyline Properties CEO Robert Khodadadian

Skyline Properties is a commercial real estate advisory firm based in Manhattan. Traditionally, Skyline focuses on off-market investment sales, but over the last few years, Robert Khodadadian and his team have garnered attention guiding owners and tenants through the sophisticated yet lucrative process of ground leasing. Commercial Observer’s Industry Insights team caught up with Khodadadian,… Read More Resurgence of the Ground Lease: Q&A With Skyline Properties CEO Robert Khodadadian