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“Broad City” star Abbi Jacobson picks up $1.6M LA pad

From TRD LA:  Yas, Queen! “Broad City” star and co-creator Abbi Jacobson has shelled out $1.59 million for a restored mid-century home in Silver Lake. The two-story hillside abode includes just over 2,000 square feet and features three bedrooms, two bathrooms, an office and a three-car garage atop a steep driveway, Variety reported. The interior is decked out with modern furnishings, a living room fireplace and a modernized kitchen.Wall-to-wall windows in the living room and […]


Source: realdeal

The 7 biggest retail bankruptcies of 2017

In 2017, more than 30 name-brand retailers have filed for bankruptcy, some for good, some in an effort to save themselves, including Payless Shoe Source, RadioShack and Toys “R” Us. Many others avoided bankruptcy but closed hundreds of stores nationwide. Three big department stores, Sears, Macy’s and JCPenney, closed over 500 locations in total, affecting the malls and retail corridors across the country. When retailers go down, they leave billions in CMBS debt exposed. In […]


Source: realdeal

TRD South Florida’s winter issue is live!

No one’s saying things are looking 100 percent dire in South Florida, but with a continued slowdown in several sectors, the industry is dealing with a few less-than-promising conditions in today’s market. And that’s having a trickle-down effect. Our cover story investigates just how much bacon real estate pros are bringing home across a dozen different job categories. TRD found that while some are doing just fine amid the slump, there is a large segment — brokers in […]


Source: realdeal

Clothing manufacturer inks 11-year lease at 1407 Broadway

Clothing manufacturer ES Sutton is moving across the street from its current digs in the Garment District to Shorenstein Properties’ 1407 Broadway. The company inked an 11-year lease for part of the sixth floor of the 43-story building, the Commercial Observer reported. The asking rent was $60 per square foot, according to CBRE, which represented the landlord. ES Sutton, which currently occupies 40,000 square feet at 1400 Broadway, makes clothing under the brands Liz Lange […]


Source: realdeal

Disney/Fox deal could lead to real estate shakeup in NYC

The Walt Disney Company’s $52.4 billion deal to buy most of 21st Century Fox could have big implications for the companies’ real estate in New York City, sources said. The Los Angeles-based Disney owns ABC, which is headquartered on an Upper West Side campus centered around West 66th Street that the company moved into in the 1980s. When Disney acquired ABC in 1995 for $19 billion, rumors started to circulate that the West Coast company […]


Source: realdeal

Manhattan rents rise, thanks to a luxury market that’s softer than it appears

The rental market in Manhattan has flat lined at an uneasy equilibrium, with rents largely unchanged year over year and concessions remaining at or near record highs. Median rent in November stood at $3,360 a month, a small increase from $3,350 in November 2016, according to a monthly rental report from Douglas Elliman. The average face rent, at $4,091, was just $4 lower than the figure recorded in November 2016. A closer look shows that […]


Source: realdeal

Baruch Singer files plans for a 180K sf Midwood building

Baruch Singer filed plans for a 10-story building with office and community facility space in Midwood. The 180,000-square-foot project is at 1508 Coney Island Avenue on a major commercial thoroughfare about eight blocks away from the Avenue M subway station, according to New York YIMBY. The building will include 63,340 square feet of office space and 84,000 square feet of community facility space to be occupied by a medical treatment center. The fourth floor will […]


Source: realdeal

Bess Freedman named co-president of Brown Harris Stevens

Bess Freedman — Brown Harris Stevens’ second-in-command — has been promoted to co-president of the residential brokerage. In that role, she will run the firm alongside longtime brokerage head Hall Willkie, Willkie told agents in an email Thursday. “It has been several years since my role as president can be accomplished by just one person,” he wrote. “We are all extremely fortunate to work with Bess, and it is my honor to share with her […]


Source: realdeal

Subscribe to TRD’s weekly roundup of US real estate news

The Real Deal’s National Weekly Roundup features a mix of market analysis, breaking news, insider information and much more. It’s the simplest way to stay on top of what’s happening in the biggest real estate markets around the country. Join 80,000 residential and commercial brokers, developers, lenders, general contractors, architects and other industry professionals by subscribing to the Friday newsletter here. Email Advertising@TheRealDeal.com to learn more about advertising opportunities.


Source: realdeal

City could end up in court over “cluster site” takeover plan

Turns out not everyone is a fan of Mayor Bill de Blasio’s plan to help nonprofits buy the city’s cluster site buildings, whether the landlords want to sell or not. Rent Stabilization Association president Joseph Strasburg has criticized the plan as “unfeasible, impractical and unsustainable,” and his group could decide to take the mayor to court over it, according to Politico. De Blasio announced on Tuesday that the city would start negotiating with about 30 […]


Source: realdeal