New development boom dead, with mortgage rates a prime suspect – Robert Khodadadian

New development boom dead, with mortgage rates a prime suspect - Robert Khodadadian

No matter how high developers build, they can’t avoid gravity. New-development contract signings in September fell below pre-pandemic levels for the second time in three months, according to a report by Marketproof. The numbers are the strongest evidence yet that the market’s pandemic sugar high is coming to a close. “This is a healthier diet,” said Kael Goodman, founder of Marketproof. “We’re just back to normal.” Across the city, developers reported 215 contracts for units

 No matter how high developers build, they can’t avoid gravity. New-development contract signings in September fell below pre-pandemic levels for the second time in three months, according to a report by Marketproof. The numbers are the strongest evidence yet that the market’s pandemic sugar high is coming to a close. “This is a healthier diet,” said Kael Goodman, founder of Marketproof. “We’re just back to normal.” Across the city, developers reported 215 contracts for units
The post New development boom dead, with mortgage rates a prime suspect appeared first on The Real Deal New York.  Development, Home Page, Mortgage Rates, Related Companies, Residential Real Estate The Real Deal New York 

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.

No matter how high developers build, they can’t avoid gravity. New-development contract signings in September fell below pre-pandemic levels for the second time in three months, according to a report by Marketproof. The numbers are the strongest evidence yet that the market’s pandemic sugar high is coming to a close. “This is a healthier diet,” said Kael Goodman, founder of Marketproof. “We’re just back to normal.” Across the city, developers reported 215 contracts for units The post New development boom dead, with mortgage rates a prime suspect appeared first on The Real Deal New York. robert khodadadian skyline properties commercial real estate the real deal magazine amir korangy

North Fork town smells victory in eminent domain fight – Robert Khodadadian

North Fork town smells victory in eminent domain fight - Robert Khodadadian

Brinkmann’s Hardware is on the brink of defeat in its eminent domain fight with the Town of Southold, but the family owner isn’t going down without a fight. A federal judge last week dismissed a lawsuit filed by the family that owns the chain, Newsday reported. The lawsuit was aimed at stopping the North Fork municipality’s attempt to seize the property at 12500 Main Road in Mattituck. Eminent domain involves the forced sale of private

 Brinkmann’s Hardware is on the brink of defeat in its eminent domain fight with the Town of Southold, but the family owner isn’t going down without a fight. A federal judge last week dismissed a lawsuit filed by the family that owns the chain, Newsday reported. The lawsuit was aimed at stopping the North Fork municipality’s attempt to seize the property at 12500 Main Road in Mattituck. Eminent domain involves the forced sale of private
The post North Fork town smells victory in eminent domain fight appeared first on The Real Deal New York.  Commercial Real Estate, Cross Post, Home Page, Development, eminent domain, north fork, Real Estate Lawsuits, Southold The Real Deal New York 

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.

Brinkmann’s Hardware is on the brink of defeat in its eminent domain fight with the Town of Southold, but the family owner isn’t going down without a fight. A federal judge last week dismissed a lawsuit filed by the family that owns the chain, Newsday reported. The lawsuit was aimed at stopping the North Fork municipality’s attempt to seize the property at 12500 Main Road in Mattituck. Eminent domain involves the forced sale of private The post North Fork town smells victory in eminent domain fight appeared first on The Real Deal New York. robert khodadadian skyline properties commercial real estate the real deal magazine amir korangy

“I’m like the yin to his yang”: Why Barnett tapped Serhant to sell his crown jewel – Robert Khodadadian

“I’m like the yin to his yang”: Why Barnett tapped Serhant to sell his crown jewel - Robert Khodadadian

This love story starts with a great ass and an even better view. The butt belongs to Ryan Serhant, and the view, of Central Park in winter, is a privilege afforded only to residents of Gary Barnett’s pioneering Billionaires’ Row supertall, One57. Serhant didn’t own a pad in the building, but when he scored a resale listing there in 2017, his sales strategy included a photoshoot making use of that view for the aptly named

 This love story starts with a great ass and an even better view. The butt belongs to Ryan Serhant, and the view, of Central Park in winter, is a privilege afforded only to residents of Gary Barnett’s pioneering Billionaires’ Row supertall, One57. Serhant didn’t own a pad in the building, but when he scored a resale listing there in 2017, his sales strategy included a photoshoot making use of that view for the aptly named
The post “I’m like the yin to his yang”: Why Barnett tapped Serhant to sell his crown jewel appeared first on The Real Deal New York.  Home Page, Residential Real Estate, Billionaires Row, Extell Development, Gary Barnett, ryan serhant The Real Deal New York 

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.

This love story starts with a great ass and an even better view. The butt belongs to Ryan Serhant, and the view, of Central Park in winter, is a privilege afforded only to residents of Gary Barnett’s pioneering Billionaires’ Row supertall, One57. Serhant didn’t own a pad in the building, but when he scored a resale listing there in 2017, his sales strategy included a photoshoot making use of that view for the aptly named The post “I’m like the yin to his yang”: Why Barnett tapped Serhant to sell his crown jewel appeared first on The Real Deal New York.

Here’s what Airbnb spent on federal lobbying – Robert Khodadadian

Here’s what Airbnb spent on federal lobbying - Robert Khodadadian

In the tussle for influence in the country’s legislative chambers, Airbnb is putting its money to work, spending nearly half a million dollars this year to lobby on federal issues relating to tourism, housing and online sales. The San Francisco–based start-up spent $480,000 on federal lobbying efforts in the first half of the year, according to an analysis by The Real Deal of disclosures filed with the House of Representatives. If the pace holds, the

 In the tussle for influence in the country’s legislative chambers, Airbnb is putting its money to work, spending nearly half a million dollars this year to lobby on federal issues relating to tourism, housing and online sales. The San Francisco–based start-up spent $480,000 on federal lobbying efforts in the first half of the year, according to an analysis by The Real Deal of disclosures filed with the House of Representatives. If the pace holds, the
The post Here’s what Airbnb spent on federal lobbying appeared first on The Real Deal New York.  Home Page, Residential Real Estate The Real Deal New York 

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.

In the tussle for influence in the country’s legislative chambers, Airbnb is putting its money to work, spending nearly half a million dollars this year to lobby on federal issues relating to tourism, housing and online sales. The San Francisco–based start-up spent $480,000 on federal lobbying efforts in the first half of the year, according to an analysis by The Real Deal of disclosures filed with the House of Representatives. If the pace holds, the The post Here’s what Airbnb spent on federal lobbying appeared first on The Real Deal New York.

NYC’s rental market is finally cooling: report – Robert Khodadadian

NYC’s rental market is finally cooling: report - Robert Khodadadian

New York City’s rental market appears to finally be cooling after a summer of historically high prices that was particularly difficult on middle-class workers. Landlords were more likely to offer concessions and cut asking prices in September than July, according to data collected by StreetEasy. That comes as the citywide median rent has plateaued. In September, it was $3,500 a month, down from $3,575 in August. “For many people, including essential workers, the rents in

 New York City’s rental market appears to finally be cooling after a summer of historically high prices that was particularly difficult on middle-class workers. Landlords were more likely to offer concessions and cut asking prices in September than July, according to data collected by StreetEasy. That comes as the citywide median rent has plateaued. In September, it was $3,500 a month, down from $3,575 in August. “For many people, including essential workers, the rents in
The post NYC’s rental market is finally cooling: report appeared first on The Real Deal New York.  Home Page, Residential Real Estate, NYC Rental Market, StreetEasy The Real Deal New York 

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.

New York City’s rental market appears to finally be cooling after a summer of historically high prices that was particularly difficult on middle-class workers. Landlords were more likely to offer concessions and cut asking prices in September than July, according to data collected by StreetEasy. That comes as the citywide median rent has plateaued. In September, it was $3,500 a month, down from $3,575 in August. “For many people, including essential workers, the rents in The post NYC’s rental market is finally cooling: report appeared first on The Real Deal New York.

The Closing: Brad Greiwe – Robert Khodadadian

The Closing: Brad Greiwe - Robert Khodadadian

Someday, when the single-family home is like a barrel of oil — standardized, tradeable online, priced in real time — you’ll have Brad Greiwe to thank (or curse) for it. In 2011, a 20-something Greiwe and seven others founded Invitation Homes, an investment firm focused on single-family rentals. The entrepreneurs persuaded Blackstone to back them to the tune of $1 billion and went on a home-buying spree for the ages, at one point buying up

 Someday, when the single-family home is like a barrel of oil — standardized, tradeable online, priced in real time — you’ll have Brad Greiwe to thank (or curse) for it. In 2011, a 20-something Greiwe and seven others founded Invitation Homes, an investment firm focused on single-family rentals. The entrepreneurs persuaded Blackstone to back them to the tune of $1 billion and went on a home-buying spree for the ages, at one point buying up
The post The Closing: Brad Greiwe appeared first on The Real Deal New York.  Commercial Real Estate, Home Page, barry sternlicht, Fifth Wall green buildings, Invitation Homes, Proptech, Single Family Rentals, The Closing The Real Deal New York 

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.

Someday, when the single-family home is like a barrel of oil — standardized, tradeable online, priced in real time — you’ll have Brad Greiwe to thank (or curse) for it. In 2011, a 20-something Greiwe and seven others founded Invitation Homes, an investment firm focused on single-family rentals. The entrepreneurs persuaded Blackstone to back them to the tune of $1 billion and went on a home-buying spree for the ages, at one point buying up The post The Closing: Brad Greiwe appeared first on The Real Deal New York.

Breslin’s transit-oriented development advances on Long Island – Robert Khodadadian

Breslin’s transit-oriented development advances on Long Island - Robert Khodadadian

In a testament to bad planning, a used-car lot sat for years next to the Long Island Rail Road station in Baldwin, Long Island. Even after a developer pitched apartments for the site, the project went unbuilt for more than a decade. But finally, Breslin Realty is poised to deliver 215 units to the Nassau County hamlet. The $100 million development is set for an environmental review beginning next month, Newsday reported. The project resurfaced

 In a testament to bad planning, a used-car lot sat for years next to the Long Island Rail Road station in Baldwin, Long Island. Even after a developer pitched apartments for the site, the project went unbuilt for more than a decade. But finally, Breslin Realty is poised to deliver 215 units to the Nassau County hamlet. The $100 million development is set for an environmental review beginning next month, Newsday reported. The project resurfaced
The post Breslin’s transit-oriented development advances on Long Island appeared first on The Real Deal New York.  Cross Post, Development, Home Page, long island, Multifamily Real Estate, nassau county, Transit Oriented Development The Real Deal New York 

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.

In a testament to bad planning, a used-car lot sat for years next to the Long Island Rail Road station in Baldwin, Long Island. Even after a developer pitched apartments for the site, the project went unbuilt for more than a decade. But finally, Breslin Realty is poised to deliver 215 units to the Nassau County hamlet. The $100 million development is set for an environmental review beginning next month, Newsday reported. The project resurfaced The post Breslin’s transit-oriented development advances on Long Island appeared first on The Real Deal New York.

Compass denies private-equity takeover talks – Robert Khodadadian

Compass denies private-equity takeover talks - Robert Khodadadian

Compass on Wednesday denied a report in Insider that claimed the brokerage was being eyed for a takeover by private equity firm Vista Equity Partners. “Compass has not been contacted by any private equity firms expressing interest in taking the company private,” a spokesperson for the firm told The Real Deal. “There have been no talks with private equity firms on this matter.” Insider reported earlier Wednesday that Vista, founded by billionaire Robert F. Smith,

 Compass on Wednesday denied a report in Insider that claimed the brokerage was being eyed for a takeover by private equity firm Vista Equity Partners. “Compass has not been contacted by any private equity firms expressing interest in taking the company private,” a spokesperson for the firm told The Real Deal. “There have been no talks with private equity firms on this matter.” Insider reported earlier Wednesday that Vista, founded by billionaire Robert F. Smith,
The post Compass denies private-equity takeover talks appeared first on The Real Deal New York.  Home Page, compass, Private Equity, Residential Brokerage The Real Deal New York 

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.

Compass on Wednesday denied a report in Insider that claimed the brokerage was being eyed for a takeover by private equity firm Vista Equity Partners. “Compass has not been contacted by any private equity firms expressing interest in taking the company private,” a spokesperson for the firm told The Real Deal. “There have been no talks with private equity firms on this matter.” Insider reported earlier Wednesday that Vista, founded by billionaire Robert F. Smith, The post Compass denies private-equity takeover talks appeared first on The Real Deal New York.

Former NBA owner lists Gramercy Park penthouse for $49M – Robert Khodadadian

Former NBA owner lists Gramercy Park penthouse for $49M - Robert Khodadadian

Leslie Alexander is on a selling spree in New York. Or a listing spree, at least. The former NBA team owner put his Gramercy Park penthouse on the market on the heels of doing the same with two North Fork properties. Five years after selling the Houston Rockets, Alexander listed his apartment at 18 Gramercy Park South for $48.8 million. The penthouse has been on and off the market since 2015, when Alexander asked $50

 Leslie Alexander is on a selling spree in New York. Or a listing spree, at least. The former NBA team owner put his Gramercy Park penthouse on the market on the heels of doing the same with two North Fork properties. Five years after selling the Houston Rockets, Alexander listed his apartment at 18 Gramercy Park South for $48.8 million. The penthouse has been on and off the market since 2015, when Alexander asked $50
The post Former NBA owner lists Gramercy Park penthouse for $49M appeared first on The Real Deal New York.  Home Page, Residential Real Estate The Real Deal New York 

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.

Leslie Alexander is on a selling spree in New York. Or a listing spree, at least. The former NBA team owner put his Gramercy Park penthouse on the market on the heels of doing the same with two North Fork properties. Five years after selling the Houston Rockets, Alexander listed his apartment at 18 Gramercy Park South for $48.8 million. The penthouse has been on and off the market since 2015, when Alexander asked $50 The post Former NBA owner lists Gramercy Park penthouse for $49M appeared first on The Real Deal New York.

Recession fears curb rental demand in US – Robert Khodadadian

Recession fears curb rental demand in US - Robert Khodadadian

Hopes that the Fed’s attempts to tamp down inflation won’t trigger a recession are looking like a pipe dream. Renters have noticed. Nationally, apartment demand plummeted in the third quarter, a period that’s historically strong for leasing, a report by analytics site Real Page found. The number of tenants moving out of units topped the number moving in by 82,095 leases, the first time in 30 years of data that demand in the quarter was

 Hopes that the Fed’s attempts to tamp down inflation won’t trigger a recession are looking like a pipe dream. Renters have noticed. Nationally, apartment demand plummeted in the third quarter, a period that’s historically strong for leasing, a report by analytics site Real Page found. The number of tenants moving out of units topped the number moving in by 82,095 leases, the first time in 30 years of data that demand in the quarter was
The post Recession fears curb rental demand in US appeared first on The Real Deal New York.  Home Page, Residential Real Estate, National, recession, Rental Market, rents The Real Deal New York 

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.

Hopes that the Fed’s attempts to tamp down inflation won’t trigger a recession are looking like a pipe dream. Renters have noticed. Nationally, apartment demand plummeted in the third quarter, a period that’s historically strong for leasing, a report by analytics site Real Page found. The number of tenants moving out of units topped the number moving in by 82,095 leases, the first time in 30 years of data that demand in the quarter was The post Recession fears curb rental demand in US appeared first on The Real Deal New York.

Manhattan office leasing jumps as availability and rents drop – Robert Khodadadian

Manhattan office leasing jumps as availability and rents drop - Robert Khodadadian

Despite continued uncertainty about workers returning to their desks, Manhattan’s office market appears to be gaining momentum. Office leasing volume surged in the third quarter as the borough’s availability rate dropped to its lowest level in 18 months, according to a report from Colliers. Tenants leased 9.2 million square feet in the quarter, up 26 percent from the previous quarter and 28 percent from the same period last year. Financial services, insurance and real estate

 Despite continued uncertainty about workers returning to their desks, Manhattan’s office market appears to be gaining momentum. Office leasing volume surged in the third quarter as the borough’s availability rate dropped to its lowest level in 18 months, according to a report from Colliers. Tenants leased 9.2 million square feet in the quarter, up 26 percent from the previous quarter and 28 percent from the same period last year. Financial services, insurance and real estate
The post Manhattan office leasing jumps as availability and rents drop appeared first on The Real Deal New York.  Commercial Real Estate, Home Page, Manhattan Office Market, Office Leasing, office market The Real Deal New York 

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.

Despite continued uncertainty about workers returning to their desks, Manhattan’s office market appears to be gaining momentum. Office leasing volume surged in the third quarter as the borough’s availability rate dropped to its lowest level in 18 months, according to a report from Colliers. Tenants leased 9.2 million square feet in the quarter, up 26 percent from the previous quarter and 28 percent from the same period last year. Financial services, insurance and real estate The post Manhattan office leasing jumps as availability and rents drop appeared first on The Real Deal New York.

Related lands $349M for 50 Hudson Yards – Robert Khodadadian

Related lands $349M for 50 Hudson Yards - Robert Khodadadian

One of the most expensive office projects in New York City history picked up a bit more financial support. Wells Fargo provided a $348.8 million rehab construction loan to Related Companies and Oxford Properties Group for its development at 50 Hudson Yards, PincusCo reported. The deal closed last month and is considered additional construction debt. The project’s all-in price tag of about $4 billion makes the development one of the most expensive office projects in

 One of the most expensive office projects in New York City history picked up a bit more financial support. Wells Fargo provided a $348.8 million rehab construction loan to Related Companies and Oxford Properties Group for its development at 50 Hudson Yards, PincusCo reported. The deal closed last month and is considered additional construction debt. The project’s all-in price tag of about $4 billion makes the development one of the most expensive office projects in
The post Related lands $349M for 50 Hudson Yards appeared first on The Real Deal New York.  Development, Home Page, Hudson Yards, Real Estate Finance, Related Companies The Real Deal New York 

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.

One of the most expensive office projects in New York City history picked up a bit more financial support. Wells Fargo provided a $348.8 million rehab construction loan to Related Companies and Oxford Properties Group for its development at 50 Hudson Yards, PincusCo reported. The deal closed last month and is considered additional construction debt. The project’s all-in price tag of about $4 billion makes the development one of the most expensive office projects in The post Related lands $349M for 50 Hudson Yards appeared first on The Real Deal New York.