Yair Levy’s daughters sell FiDi retail condo to Hubb NYC

Yair Levy’s daughters, in partnership with Ezra Mashaal of the Kash Group, sold the retail condominium at the base of the 16-story Financial District apartment building known as the Croft, sources told The Real Deal. Hubb NYC Properties paid $19.6 million for the 5,650-square-foot condo at 71 Nassau Street last week, sources said. Yair Levy […]

NYC investment sales fell 25% in 2016: Cushman

New York City’s investment sales market fell off 25 percent in 2016 to roughly $58 billion worth of property sales, according to Cushman & Wakefield. The five boroughs’ total dollar volume of $57.8 billion last year was about quarter less than the $77.1 billion worth of sales in 2015, Cushman’s Doug Harmon said Wednesday in […]

Lo Russo stepping down as head of Cushman in New York

In a major shakeup at Cushman & Wakefield, Ron Lo Russo will step down as president of the brokerage’s New York tri-state region, The Real Deal has learned. John Santora, the New York-based global chief operating officer and chief integration officer for Cushman, will replace Lo Russo in the role effective Dec. 1, a spokesperson […]

How secure is Eastdil’s I-sales practice sans Harmon & Spies?

On Thursday afternoon, Eastdil Secured CEO Roy March received the industry’s equivalent of the 3 a.m. phone call. On the line were his star brokers Doug Harmon and Adam Spies, who had catapulted Eastdil to the top of the New York investment sales food chain. The duo informed March they were leaving the firm for […]

Manhattan monthly office leasing activity fell below 2M sf for first time this year in May

Demand for Manhattan office space “lost some momentum” in May, according to Cushman & Wakefield’s latest office market report, which noted that monthly leasing activity in the borough fell below 2 million square feet for the first time this year. There were 1.8 million square feet of new Manhattan office leases signed last month, the […]

ICSC Day 3: Work hard, play harder – PHOTOS & highlights

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Paul Massey would model mayoral campaign on Massey Knakal territory system

Paul Massey Paul Massey intends to model his campaign strategy for the 2017 New York mayoral election on Massey Knakal Realty Services’ famed territory system, the brokerage’s co-founder said on Sunday. The territory system, as used by Massey Knakal, divided New York City into about 50 regions each headed by a broker. It’s this divide-and-conquer […]

New offices, L train shutdown will shape BK’s future: panel

From left: Bruce Mosler, Artie Minson, Robert Futterman, Ofer Cohen and The Real Deal’s Hiten Samtani Brooklyn’s commercial market may very well be a field of dreams: If you build it, they will come. “At the end of the day, what’s going to change Brooklyn in terms of the tenancy is going to be the […]