The Real Deal

The Real Deal is often referred to as the essential guide to New York City's real estate sector, making it a must-read for professionals in the field. Since its launch in 2003, TRD has delivered timely industry updates, detailed reports, and insightful profiles through its monthly magazine, which boasts a circulation of 60,000. Additionally, TheRealDeal.com attracts over 1 million unique visitors each month. Our content is accessible on various platforms, including a mobile app compatible with iPhone, iPad, and Android devices. The Real Deal's commitment to quality journalism has earned it numerous accolades, including the Society of American Business Editors and Writers' award for general excellence in 2013. It has also received several honors from the National Association of Real Estate Editors, such as "Best Commercial Trade Magazine," "Best Residential Trade Magazine," and "Best Website Dedicated to Residential, Commercial, or Financial Real Estate and Home Design."

Local, Trade/B2B

English

Magazine

Outlet metrics

Domain Authority

Ranking

Global

#47079

United States

#9373

Business and Consumer Services/Real Estate

#111

Traffic sources

Monthly visitors

Articles

Long-held Preston Hollow retail strip sells in tight market

20 hours ago | therealdeal.com | Jess Hardin

Berlin Interests has broken into the prestigious Preston Hollow neighborhood with a retail purchase. The Dallas-based firm that specializes in land plays bought the shopping center at 11810 Preston Road, according to a news release. The seller is a partnership controlled by the Dewberry Family, which has owned the property since 1999. Younger Partners’ Luke Nolan set up the deal.
NYC Opportunity Zones disproportionately helped higher-income developments, not affordable housing: report

23 hours ago | therealdeal.com | Kathryn Brenzel

The Trump administration has framed Opportunity Zones as a housing program. In fact, one of its biggest champions leads the federal housing agency. But the national program, which allows investors to defer capital gains taxes if they park those profits in a fund that pours money into areas designated as distressed, isn’t explicitly a housing program, let alone an affordable one.
The Daily Dirt: Suspense builds as FARE Act deadline nears

1 day ago | therealdeal.com | Kathryn Brenzel

Next week, the FARE Act goes into effect. Or does it? The Fairness in Apartment Rental Expenses, or FARE, Act, which bars forcing tenants to pay for rental brokers hired by landlords, is slated to go into effect June 11. The Real Estate Board of New York filed a lawsuit challenging the law in December. The following month, it filed a motion seeking a preliminary injunction to prevent the law from going into effect while its lawsuit makes its way through the court.
Conversion surge turns office supply negative for first time in 25 years

1 day ago | therealdeal.com | Suzannah Cavanaugh

Once considered a Hail Mary-solve for empty office towers, residential conversions are expected to hit such a fever pitch this year as to topple a 25-year trend. The U.S. is projected to cut more office space than it will deliver for the first time since 2000, according to a recent CBRE report that pegs the sea change to the conversion surge. Across 58 markets, a total of 23.3 million square feet will be converted or demolished in 2025.
Bank OZK alum Dan Thomas launches $200M firm with clean slate

1 day ago | therealdeal.com | Jess Hardin

For his next act, Bank OZK’s former vice chairman Dan Thomas is returning to his roots. Before his career in banking, Thomas started out as a real estate developer and investor. Now he’s launching Forest Way Capital after securing $200 million in initial commitments for the investment platform. Los Angeles-based George Smith Partners facilitated the capital raise. Thomas is starting out with a clean slate. His family office sold all of its real estate assets as of 2022 and is completely liquid.
Nonprofit vs. private developers: City Council debates social housing policies

1 day ago | therealdeal.com | Kathryn Brenzel

The City Council is considering a package of “social housing” bills that would prioritize housing built and owned by nonprofits. One measure, the Community Opportunity to Purchase Act, or COPA, would give nonprofits and community land trusts the first crack at buying residential buildings with three or more units. Owners would need to give such organizations — approved by the city — 120 days to submit offers to buy their buildings, during which time they wouldn’t be able to accept rival bids.
East Bay Home Sale Breaks Record at $13.9 Million

2 days ago | therealdeal.com | Emily Landes

A historic home owned for decades by a prominent commercial developer has set a new on-Multiple Listing Service record for the East Bay enclave of Piedmont, and shows how important unique architectural features are to the upper end of the market. There were two offers on 65 Sea View Avenue after it came to market asking $14.8 million in April, according to listing agents Anian Tunney and Adrienne Tunney Krumins of The Grubb Company.
Brooklyn group mulls suing state over Pacific Park housing fines

2 days ago | therealdeal.com | Kathryn Brenzel

State officials see exposed railroad tracks between Pacific Street and Atlantic Avenue in Brooklyn as a fresh start for a two-decade-old mega development. A community group sees a broken promise, millions of dollars wrenched from the surrounding neighborhoods and a potential lawsuit.
Starwood goes after syndicator Alan Stalcup for $110M in personal guarantees

2 days ago | therealdeal.com | Suzannah Cavanaugh

Fresh off a $27 million win against the heads of Tides Equities, Barry Sternlicht’s Starwood is going after the only other Sun Belt syndicator to execute a similarly stunning rise and fall: Alan Stalcup.
Ahead of sentencing, Boruch Drillman says he has a good reason for not filing tax returns

2 days ago | therealdeal.com | Keith Larsen

Boruch Drillman’s judgment day is almost here — and his lawyer is taking great pains to paint him in the best possible light. The 36-year-old Drillman pleaded guilty in 2023 for his role in a $165 million mortgage fraud scheme. Drillman was among the first to plead guilty to a sprawling mortgage fraud investigation. The Department of Justice brought criminal charges against Drillman’s co-conspirators, Eli Puretz, Aron Puretz, Moshe Silber and Fred Schulman soon afterwards.