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2015: The Year in Review


StreetEasy unveils interactive 3-D floor plans;  Silverstein tops out 30 Park Place; Douglas Elliman’s

Jimmy Fallon
Jimmy Fallon

McDonough Hershkowitz Team joins CORE; Kushner RE Group and Ironstate Development invest in Modern Spaces; Compass hiring charge starts with Kristin Thomas and Julianne Bond. Gramercy Park resident Jimmy Fallon crowned Most Desirable Neighbor.


Diane Ramirez, CEO and co-founder of Halstead Property, speaks at REW Women’s Forum; TOWN enters Miami market; Custom Brokers RE in Soho becomes Weichert franchise; Urban Compass announces it will drop ‘Urbanʼ from its name; The median sales price of a Manhattan apartment is $940,000; Arrival of WeWork and Etsy sparks development boom in DUMBO.


625 West 57th Street
625 West 57th Street

Bauhouse Group announces plan for  Sutton Place skyscraper; Soho Properties taps Italian architect

Piero Lissoni for 45 Park Place; Durst tops out tops out test case for unique architecture – 625 West 57th Street; NYC brokerages sign up to list on; Tessler Developments unveils new 34-story glass tower at 172 Madison Avenue.


Compass expands offices at 90 Fifth Avenue to 63,0o0 s/f; City forms task force to assess the impact of shadows caused by super-tall developments on Central Park; City Connections launches EB-5 Division; 7,551 Brooklyn building permits a post-recession peak; Median Brooklyn apartment prices eclipse Manhattan to hit $955,000; Report shows Brooklyn market dominated by female agents.


Mickey Conlon
Mickey Conlon

RLTY NYC opens second NYC office in Soho; Median rents hit $3,361 in Manhattan and $2,961 in Brooklyn; Fosun Property and JD Carlisle unveil plans for 800 ft, 47-story condo at 126 Madison Avenue in NoMad; Douglas Elliman launches Sports & Entertainment division then woos Tom Postilio and Mickey Conlon from CORE;  Brokers help the aged as senior population booms.


Preservationists file lawsuit to stop El Ad turning historic 346 Broadway clock tower into luxury triplex; William Raveis brokerage celebrates first anniversary in New York City; New wheel and mall plans spur residential price jumps on Staten Island’s north shore; Skygroup Realty merges with 120-year-old Warburg brokerage; As 930 new condos are delivered to Manhattan market, median sale price drops


43-25 Hunter Place
43-25 Hunter Place

Rockrose starts work on 974-unit 80/20 rental complex at 43-25 Hunter Street in Long Island City; Real estate startup TripleMint shakes things up with salaried sales agents; Noble Black leaves Corcoran for Elliman, Jim Gricar exits Halstead and heads to Houlihan Lawrence; Manhattan condo prices up, but pace of price growth continues to slow; Leasing starts at Riverwalk Point.


New rules require LLCs to disclose identities of parties involved, raising fears of big buyer backlash; In East Harlem, HAP Investments starts second project of the year; REBNY announces partnership with Metaprop NYC, a technology accelerator that provides funding and guidance to real estate tech start-ups; Median price for Manhattan apartment is $950,000,
3% down on 2Q.



Compass expands to Boston, opening its fifth US office since launching in 2013, and raises $50M for US expansion; Leasing gets underway at Moinian Group’s SKY tower; Gas stations vanish as developers stake claim to high traffic corners; Coldwell Banker celebrates 109 years in business; Web-based, Redfin expands into Brooklyn; Construction in full swing at Essex Crossing.


Citi Habitats acquires;  Douglas Elliman eyes China growth with addition of Han Cheng Jeng Fu as director of luxury sales in Miami; REBNY Annual Residential Deal of the Year Gala honors Eileen Spinola, Corinne Pulitzer, Vickey Barron, Tamara Abir; Bold New York announces plans to hire 100 new agents; Online house-hunting credited with summer sales boost raising Manhattan’s median sale price to $999,000, a 10-year high.


Greenpoint Landing
Greenpoint Landing

Compass, hires Canadian real estate veteran Ross McCredie as senior global advisor; New York City’s first micro-unit development, Carmel Place, officially launches leasing; Douglas Elliman expands Park Slope office; Macklowe Properties begins construction of 200 East 59th Street; Brookfield joins development team for 10-tower Greenpoint Landing.


Lightstone breaks ground on 428-unit multifamily property at 30-02 39th Avenue in LIC; Harvard report shows record number of tenants struggling to pay their rent; FCR, Greenland USA top out first Pacific Park Brooklyn apartment tower, 550 Vanderbilt; Bruce Eichner’s 45 East 22nd Street is only half-built but already 50 percent sold; Jamaica, Queens tipped to be Hottest Neighborhood of 2016.

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