The Real Deal - New York Real Estate News

More like WeWait? Co-working giant to postpone IPO, report says

Posted: 16 Sep 2019 04:24 PM PDT

WeWork’s parent company is reportedly planning to postpone its initial public offering following weeks of scrutiny over the co-working firm’s valuation and corporate structure. Sources told the Wall Street Journal that the IPO roadshow would be put on hold until at least mid-October, following the Jewish High Holidays, despite earlier reports that WeWork’s IPO roadshow would kick off as early as this week. WeWork’s co-founder and CEO Adam Neumann has been under significant pressure since […]

WeWork IPO pushed back, Manhattan DA subpoenas Trump Org taxes: Daily digest

Posted: 16 Sep 2019 03:30 PM PDT

Every day, The Real Deal rounds up New York’s biggest real estate news, from breaking news and scoops to announcements and deals. We update this page throughout the day, starting at 9 a.m. Please send any tips or deals to [email protected] This page was last updated at 6:30 p.m. WeWork parent company’s IPO is expected to be postponed. The company, which said it would list shares on the Nasdaq the week of Sept. 23, announced […]

City moves to revoke license of contractor it blames for construction worker’s death

Posted: 16 Sep 2019 03:25 PM PDT

The city wants to take away the license of a contractor who it alleges was responsible for the death of a construction worker at a rental building in Turtle Bay earlier this year. The Department of Buildings announced on Monday it has sued to take away the special rigger license of contractor Wlodzimierz Tomczak, whose negligence the agency maintains caused the death of a construction worker on April 8 at 311 East 50th Street. The […]

Real estate firms get (green) thumbs down as they jump into climate bonds

Posted: 16 Sep 2019 02:01 PM PDT

Real estate executives at the front of the industry’s push toward sustainability will gather in New York City in a few days for Climate Week – the annual event coinciding with the U.N. General Assembly when business and government leaders join together to tackle climate change. One topic that’s sure to be eagerly discussed is green bonds, a niche area of financing that’s seen a surge over the past 15 months among U.S.-based real estate […]

Third time’s a charm? Tribeca Film Festival co-founders list Dakota co-op again

Posted: 16 Sep 2019 11:48 AM PDT

The divorced co-founders of the Tribeca Film Festival are trying to sell their sprawling apartment at the Dakota once again. Film producer Jane Rosenthal and real estate investor Craig Hatkoff first listed their five-bedroom apartment for $39 million following their split in 2016. After a year on the market, they slashed their asking price by 25 percent but still didn’t snag a buyer. Their most recent attempt chops the price even further to $25 million […]

Meet the mastermind behind the Eklund-Gomes expansion

Posted: 16 Sep 2019 10:45 AM PDT

Before there was Julia Spillman, the Eklund-Gomes universe was, well, a little disorganized. Spillman joined the team in 2016 as the sales director for the 98-unit condo 1 Seaport and quickly began combing through the team’s project database. “It was really messy,” but the team was “sitting on a gold mine of data,” she recalled, noting that she wanted to use it to target former clients who might be ready to trade up. Read the […]

Former “Pregnant in Heels” TV star Rosie Pope is getting into real estate

Posted: 16 Sep 2019 05:15 AM PDT

Douglas Elliman’s Noble Black has made two new eye-catching hires. The first is former reality TV maternity guru Rosie Pope, who became a household name after she starred on Bravo’s “Pregnant in Heels” show in 2011 and 2012. And then there’s Nest Seekers International agent Chase Landow, who worked under Ryan Serhant since 2016. Black confirmed the hires but said the timing was “1,000 percent coincidental” and did not represent a new expansion push for […]

The Eklund and Gomes roadshow

Posted: 16 Sep 2019 04:30 AM PDT

About six years ago, “Million Dollar Listing New York” star and Douglas Elliman broker Fredrik Eklund had a vision. While sitting at the rooftop pool at the SLS Hotel in Los Angeles with his business partner, John Gomes, real estate legend Barbara Corcoran and his older brother, Sigge, Eklund said that “we will be living” in L.A. at some point. This July, that prediction came true. Eklund sold his Tribeca condo and moved to Beverly […]

With Fed rate cut on the mind, markets enter the week riding high

Posted: 16 Sep 2019 04:00 AM PDT

The Federal Reserve is slated to slash its benchmark interest rate again this week — a move that likely will give financial markets a boost. The Dow Jones Industrial Average closed Friday up 37 points for the day and closer to its all-time high in July. Easing tension between the U.S. and China over trade and the prospect of another rate cut also gave the S&P 500 a slight bump; it was up 0.6 percent […]