The Real Deal Weekly Insider
By The Real Deal
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Podcast Description
Chat with New York City's top Real Estate players from brokers to moguls, developers to marketers. This is The Real Deal.
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The Real Deal Insider #20 Jessica Lappin | Jessica Lappin, the City Council's point woman on landmarks, explains the difference between landmarking for history and landmarking to stop development. As chair of the City Council's subcommittee on landmarks, public siting and maritime uses, Jessica Lappin has a hand in what has become one of the most controversial aspects of New York City development and property rights – landmark status. The City Council has the final say on a site or an area getting landmark status, and Lappin's subcommittee is the council's gatekeeper for these decisions. In the spring, she was involved in the contentious designation of Fieldston, the Bronx, as a landmark, a designation fought by several property owners (see story page TK). Also, Lappin's council district includes Roosevelt Island, a spit of East River that for decades has been a reliable source of affordable housing – but that has seen both market-rate condos and rentals open up in the past year. In a recent podcast with The Real Deal, Lappin talked about the housing future of Roosevelt Island and about why landmarks aren't the kiss of death for development. To listen to the entire interview, click one of the links below. | 7/2/06 | Free | View In iTunes |
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The Real Deal Insider #19 William Zeckendorf | 15 Central Park may redefine what it means to build luxury housing in New York City. William Zeckendorf, one of its developers, shares the story behind it and the future ahead of it. In a recent podcast with *The Real Deal*, William Zeckendorf, co-chairman of Zeckendorf Development, shared rare details on what's become one of New York City's most buzzed-about new developments: 15 Central Park West. The ultra-luxury condo is the first new development along the famed park in more than a generation, and Zeckendorf discussed the decade-long journey from idea to construction that went into building it. Construction started last year, and opening day is expected toward the middle of 2007. In the first seven months of sales, more than $1.1 billion in condos were sold at 15 Central Park West, with a full-floor penthouse going for $45 million. A scion of one of New York's most influential real estate families, Zeckendorf also talked in the podcast about the New York condo market overall – and why now may not be the best time to put shovels in the ground for fresh projects. To listen to the entire interview, click one of the links below. | 6/12/06 | Free | View In iTunes |
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The Real Deal Insider #16 Peter Hauspurg | From hotels to office towers to condo conversions, New York City's investment sales market is at its strongest in years. Peter Hauspurg explains why. Peter Hauspurg is the co-founder, chairman, and CEO of Eastern Consolidated, one of the nation's leading full-service real estate investment services firms. From that perch, Hauspurg, a veteran of 25 years in New York real estate, has a wide view of the city's buildings sales market. And that market, he says, remains firmly in the midst of what he described in a recent podcast interview with The Real Deal as a 13-year boom. Foreign money is pouring into an investment sales market already flush with capital, and the continued strength of both the residential real estate market and New York City's economy overall are only helping. Hauspurg talked about the dynamics behind the strong buildings sales market and why its strength has opened up opportunities in even far-flung areas of the city. To listen to the entire interview, click one of the links below. | 5/17/06 | Free | View In iTunes |
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The Real Deal Insider #18 Shawn Donovan | The city is undertaking a massive public-private effort to build affordable housing. It's also thinking of changing its most popular development incentive. Shaun Donovan tells how one may affect the other. Shaun Donovan, as commissioner of the city's Department of Housing Preservation and Development, heads the nation's largest municipal developer of affordable housing, a charge that includes his boss' ambitious plans. Mayor Michael Bloomberg wants to develop or preserve as many as 165,000 affordable housing units. Through partnerships with private developers and targeted eminent domain, Donovan's department hopes to coordinate this effort so it's completed within 10 years. It's the sort of massive public-private housing effort not seen in the city since at least the 1980s. In a recent podcast interview with The Real Deal, Donovan shared his strategy. He also talked at length about the popular 421a tax incentive for residential development, an incentive the city is considering altering. Donovan said the city has no plans to end the 421a, but that its use by developers in areas like Lower Manhattan could be curtailed. To listen to the entire interview, click one of the links below. | 5/17/06 | Free | View In iTunes |
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The Real Deal Insider #17 Stephen Dubner | Brokers aren't as necessary to real estate as you might think and forces beyond their control may soon spark changes in brokering. Stephen Dubner explains. In the bestselling book Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, Stephen Dubner and Steven Levitt pick apart much of what could be called the conventional wisdom on a variety of modern realities, including real estate. Levitt, a University of Chicago economist, and Dubner, a former editor and now regular contributor to the New York Times Magazine, contend that real estate brokers only work as hard as they have to in selling other peoples' homes, especially if that work gets them a relatively tiny boost in commission. This contention has become perhaps, Dubner said, the most controversial one in Freakonomics. Dubner, in a recent podcast interview with The Real Deal, explained in depth why brokers do what they do and why their business is so, as he put it, inefficient. To listen to the entire interview, click one of the links below. | 5/9/06 | Free | View In iTunes |
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The Real Deal Insider #15 Jonathan Miller | Is the Manhattan housing market cooling or is it still hot? Jonathan Miller breaks down the market's first quarter numbers. A recent first quarter report from appraisal firm Miller Samuel shows that the Manhattan housing market may be bucking the national trend: Rather than cooling, the borough's housing market has actually heated up a bit from the end of 2005. For one thing, the median sales price for a Manhattan apartment and the price per square foot both set records in the first quarter. But inventory was up, too, and days on the market increased as well, suggesting that the market is still booming, but not as loudly as during the beginning of 2005. In a special podcast for The Real Deal, Miller Samuel president and CEO Jonathan Miller breaks down the report. To listen, click one of the links below. | 4/27/06 | Free | View In iTunes |
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The Real Deal Insider #14 David Picket | Roosevelt Island market-rate rentals and major Harlem retail complexes – the Gotham Organization’s done both and more. David Picket, its president, shares how its done. As president of the Gotham Organization and manager since the early 1990s for all its new project development, David Picket has had a hand in some major New York City developments. From 2000 to 2004, Gotham developed four luxury high-rise residential towers in Manhattan, including Atlas, a 48-story luxury rental residence on the Avenue of the Americas, and the Foundry at on West 54th Street, which was the first residential project in 10 years to go into construction in that far West Side area. Gotham is now building the Langston in Harlem, which will include 37,000 square feet of retail and 180 units of affordable and market-rate for-sale housing. And the first tenants are expected to move this March into the Octagon, the first market-rate rental on Roosevelt Island – also a Gotham project. On the commercial side, Gotham developed Harlem Park on 125th Street, an entertainment and retail center that helped spur further developer interest in Upper Manhattan. Gotham is now developing Uptown NY, a proposed 1-million-square-foot retail hub in Harlem. In a recent podcast interview with The Real Deal, Picket shared his views on rising construction costs and other challenges facing New York developers. To listen to the entire interview, click on one of the links below. | 3/14/06 | Free | View In iTunes |
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The Real Deal Insider #12 Frederick Peters | Want to get rich quick? Try something other than brokering in the New York housing market – especially now. Frederick Peters explains why. Frederick Peters doesn’t mean to frighten would-be brokers when they interview for jobs at Warburg Realty Partnership. He says he’s just telling it like it is: The New York residential market is cooling and the competition among brokers inside it is fierce. Expect to work hard – and don’t expect to walk away with a big check that first week (or even month) on the job. Peters has been president of Warburg since 1991 and a broker since 1980. In that quarter-century-plus, Peters has seen boom markets, bust markets, and those markets where no adjectives really jump to mind. During a recent podcast interview with The Real Deal in Warburg’s Madison Avenue headquarters, Peters talked about the effects the current market’s slowdown could have on prices, sales, and the number of new brokers entering New York real estate. The interview with Peters is part of The Real Deal’s regular podcast series. To listen to the entire interview click one of the links below. | 3/11/06 | Free | View In iTunes |
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The Real Deal Insider #13 Larry Silverstein | Larry Silverstein is a central player in easily the biggest commercial real estate story in New York City so far this year. CEO and president of Silverstein Properties, Silverstein is the primary leaseholder at the World Trade Center site and the developer of the new 52-story 7 World Trade Center. He is also the developer of at least four other office towers at the site, including the 1,776-foot Freedom Tower. And it’s in this role that Silverstein has become one of the most buzzed-about figures in Big Apple real estate. Some say that tenants will never fill the office space that Silverstein plans for Lower Manhattan. Others say he’s neglecting the possibilities in residential development there. Still others, including Mayor Bloomberg, say he’ll never be able to finish all the towers he has planned. In a recent podcast interview with The Real Deal, Silverstein answered his critics and talked about his vision for Lower Manhattan. To listen to the entire interview click one of the links below. | 2/22/06 | Free | View In iTunes |
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The Real Deal Insider #11: Jonathan Miller (ENHANCED iTunes only version) | What's happening in the housing market? A quick look at the fourth quarter numbers with Jonathan Miller. So, what exactly is going on in the housing market? Miller Samuel CEO and president Jonathan Miller, in a special podcast for The Real Deal, breaks down his firm’s heavily watched report. | 1/17/06 | Free | View In iTunes |
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The Real Deal Insider #11: Jonathan Miller | What's happening in the housing market? A quick look at the fourth quarter numbers with Jonathan Miller. So, what exactly is going on in the housing market? Miller Samuel CEO and president Jonathan Miller, in a special podcast for The Real Deal, breaks down his firm’s heavily watched report. | 1/17/06 | Free | View In iTunes |
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The Real Deal Insider #10 Pam Liebman | The housing market has cooled, yes, but the boom times are not over: Let Pam Liebman explain it to you. December 9, 2005 For more than five years as its CEO and president, Pam Liebman has steered the day-to-day ship of the Corcoran Group, one of the biggest New York City-based residential brokerages. Liebman's two decades-plus of real estate experience gives her a long perspective on the city's housing market- the ups, the downs, and everything in between. Liebman shared that perspective recently with The Real Deal magazine. In a free-flowing conversation in her Midtown office overlooking Central Park, Liebman talked about everything from the real estate appeal of Northern Jersey to the sharing of listings among Manhattan firms to the Hudson Valley as the next Hamptons (or not). The conversation with Liebman is part of The Real Deal's regular podcast series. To listen to the entire interview, click one of the links below. | 12/9/05 | Free | View In iTunes |
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The Real Deal Insider #9 Stephen Siegel | The housing market may snag the headlines, but New York's commercial real estate market isn't doing too shabby, either. Just ask Stephen Siegel. As global chairman of CB Richard Ellis, Stephen Siegel is one of the leading figures in commercial real estate. In a to-the-point conversation with The Real Deal recently, Siegel drew on his decades of experience - including a previous stint as Cushman & Wakefield's CEO - to extrapolate on what he thinks makes the current commercial market one of the strongest ever not only in New York City, but throughout major cities nationwide. For one thing, Siegel said during the conversation in his Midtown office, inventory is being gobbled up in the New York market even as asking rents increase. Downtown, especially, he said, could benefit from these dual developments: The tighter and the more expensive the inventory gets in Midtown and Midtown South, the likelier companies will be to look for space Downtown. Siegel also veered into other topics, including the future of the New York residential market, the health of commercial markets in other cities, and his recent experiences buying buildings in Upper Manhattan. The conversation with Siegel is part of The Real Deal's regular podcast series. To listen to the entire interview, click one of the links below. | 11/8/05 | Free | View In iTunes |
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The Real Deal Insider #8 Barry Hersh | Real estate education doesn't have to be dull. No, really, it doesn't. Hear Barry Hersh explain how and why. A plain-spoken veteran of New York City real estate who got his start in development, Borough Park native Barry Hersh is the associate director of the Steven L. Newman Real Estate Institute at Baruch College. That means Hersh has his pulse on the state of real estate education in New York at a time when record numbers of people are getting licenses Manhattan alone has more than 27,000 brokers and agents and when some of those people are inexperienced to the point of bringing down the reputation of the brokering industry as a whole. In a recent conversation with The Real Deal, Hersh shared his thoughts on making real estate education more comprehensive and, well, less boring. He talked of challenging brokers, even veteran ones, to broaden their skills by, for instance, embracing new technology in their practices. He also discussed legislation pending before the state Legislature that would double the amount of course instruction to 45 hours for brokers seeking licenses. The conversation with Hersh is part of The Real Deal's regular podcast series. To listen to the entire interview, click one of the links below | 10/8/05 | Free | View In iTunes |
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The Real Deal Insider #7 Paul Purcell | Wonder if anyone in real estate would ever say a $1 million one-bedroom might be a bad thing? Listen to Paul Purcell. Paul Purcell speaks truth to broker power in a recent conversation with The Real Deal. Dispensing with cheerleading for any firm or developer (including his former firm, Douglas Elliman, where he rose to become president in the late 1990s), Purcell spoke frankly about the absurd asking prices for some New York City apartments and the possibility that some brokers - not all, but some - may be... well, not that honest when dealing with clients. Purcell can do this because he's a partner at Braddock + Purcell, a real estate consultancy he founded with former Douglas Elliman general sales manager Kathy Mayer Braddock. Braddock + Purcell has no affiliations with brokerages or developers; it acts, instead, as an adviser to buyers, connecting them with vetted brokers that, in turn, give Braddock + Purcell a referral fee. (As of late September, the firm had advised on about 60 deals this year representing more than $70 million in contract or closed transactions.) "The price of a Manhattan apartment is well over a million dollars now," Purcell said. "We think that that's a really great, cool thing to say. I think that that's a scary thing to say." The conversation with Purcell is part of The Real Deal's regular podcast series. To listen to the entire interview, click one of the links below. | 10/4/05 | Free | View In iTunes |
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The Real Deal Insider #6 Charlie Maikish | Everything you wanted to know about Lower Manhattan development, but didn't know who to ask: A conversation with Charlie Maikish, Bloomberg and Pataki's point man on Downtown Charlie Maikish is the executive director of the vaguely militaristic-sounding Lower Manhattan Construction Command Center. He's a no-nonsense, plain-spoken joint appointee of Mayor Michael Bloomberg and Governor Pataki, whose job it is to co-ordinate the redevelopment of Lower Manhattan over the next few years. Appointed in February, Maikish talked to The Real Deal recently in the command center's headquarters across the street from Ground Zero and overlooking the last few blocks of the Financial District. He fielded questions on everything from security efforts Downtown to keeping commercial buildings there from going condo to why Downtown is a better place for businesses to be than Downtown Brooklyn or Jersey City. Straddling the universes of private business, commercial development, and government, Maikish somehow has them pointing toward the same direction: Making Lower Manhattan a 24-7 city again after September 11. And he expects to do it by the end of 2010, when the federally funded command center is scheduled to sunset. The conversation with Maikish is part of The Real Deal's regular podcast series. To listen to the entire interview, click one of the links below. | 9/20/05 | Free | View In iTunes |
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The Real Deal Insider #5 Michael Shvo | Marketing Luxury: An interview with Michael Shvo If Gordon Gekko stepped out of the 1987 film Wall Street and into today's New York real estate market, he might look like Michael Shvo. The character played by Michael Douglas often touted the sheer thrill of dominating the deal - any deal - and seemed to personify the heady days of the late 1980s stock market. | 9/7/05 | Free | View In iTunes |
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The Real Deal Insider #3 Elizabeth Stribling | The How and the Why of Manhattan's record-setting residential market: An interview with veteran broker Elizabeth Stribling Elizabeth Stribling's experience in the New York real estate market stretches back 35 years, to when she first became a broker. In the decades since, she has seen many ebbs and flows, and now commands one of the best understandings of the city's high-end market as president of Stribling & Associates. Stribling & Associates, founded by Stribling in 1980, has more than 160 brokers working out of three townhouse offices in Manhattan. The firm specializes in high-end condo, co-op and townhouse sales. Stribling herself is a member of the Board of Governors of the Real Estate Board of New York, and, in 1995, received its prestigious Henry Forster Memorial Award for outstanding achievement in residential real estate. To listen to the entire interview, click one of the links below. | 8/8/05 | Free | View In iTunes |
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The Real Deal Insider #2 Elan Padeh | Brooklyn as the Manhattan alternative and more: An interview with marketer Elan Padeh In The Real Deal's most recent interview in its new regular audiocast series, we talked about Brooklyn real estate and the wider city market with Elan Padeh, CEO and president of The Developers Group. The Developers Group is one of the leading marketing companies for new developments in the borough, especially in the neighborhoods of DUMBO and Williamsburg. It is currently overseeing the development of more than 160 projects with a total of 6,400 units. Along with marketing some of Brooklyn's most notable projects like The Gretch and Smith Gray, Padeh's firm is also notable for bringing luxury condos to Bedford-Stuyvesant. To listen to the entire interview, click one of the links below. | 7/26/05 | Free | View In iTunes |
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The Real Deal Insider #1 Jonathan Miller | Market Reports and the Real Estate Bubble: an interview with appraiser Jonathan Miller In The Real Deal's inaugural interview in its new regular audiocast series, we sat down with appraiser Jonathan Miller, president of Miller Samuel Real Estate Appraisers and Consultants. Miller's reports on the Manhattan apartment market are the most widely cited in the industry, and he has been featured in The New York Times, the New York Post and countless other publications including The Real Deal. With reports showing apartment prices hitting new peaks each quarter but often differing significantly in their findings we asked Miller how he collects his data, and his thoughts on the existence of a real estate bubble. To listen to the entire interview, click one of the links below. | 7/15/05 | Free | View In iTunes |
| Total: 20 Episodes |
Customer Reviews
a good listen
Constantly interviewing industry leaders. Miller Samuel shows def. worth listening too.
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