Robert A.M. Stern dies at 86

November 27, 2025 / no comments

Robert A.M. Stern, the renowned architect and founder of the eponymous firm that shaped Manhattan’s luxury residential landscape, has died.  He was 86. His death followed a brief pulmonary illness, his son told the New York Times.   Stern told The Real Deal in a 2009 interview that he “announced” his intention to be an architect around the age of 14, and as a child was “busy playing with blocks, making drawings of hypothetical cities.”  He went on to earn a Bachelor’s in History from Columbia University in 1960 and a master’s degree in architecture from Yale University in 1965. […]

This article originally appeared on The Real Deal. Click here to read the full story.

NYC real estate this week: Thankful or no thanks?

November 27, 2025 / no comments

Real estate players  in and around New York are finding reasons to be thankful this holiday season. New York Attorney General Letitia James is thankful after U.S. District Judge Cameron McGowan Currie dismissed the mortgage fraud case against her on Monday. The judge ruled that the prosecutor in the case, Lindsey Halligan, was illegally appointed by the Justice Department. The case (as well as James Comey’s) was thrown out without prejudice, meaning it could be revived. The path for refiling is unclear, however, as the DOJ’s prosecutor was ruled ineligible to bring the indictments again. A federal grand jury indicted […]

This article originally appeared on The Real Deal. Click here to read the full story.

NYC’s top deals: Larry Ellison drops $24M on Lenox Hill co-ops

November 27, 2025 / no comments

There were 256 deals totaling $497 million recorded in New York City in the 24 hours before 4 p.m. on Wednesday, Nov. 26, 2025. 🏆 Residential: The top residential transaction recorded in New York was at The Pierre at 795 5th Avenue in Lenox Hill, where billionaire Larry Ellison purchased two co-ops for $24 million. The seller was a trust tied to late billionaire media titan Sumner Redstone and two other trusts tied to his daughter, Shari Redstone, also a media executive. 🏆 Commercial: The top commercial deal recorded in the city was in the Flatiron District. Olmstead Properties paid […]

This article originally appeared on The Real Deal. Click here to read the full story.

Sizing up New York City’s lagging luxury growth

November 27, 2025 / no comments

The last decade has seen New York City’s luxury market overtaken by its biggest rivals.  A report from Redfin shows how the Big Apple’s market has stood stagnant in the last decade as prices in the Sun Belt and South Florida surged.  Between October 2015 and October 2025, luxury home prices in New York have hardly budged, rising just 15 percent in the same time period to $4.1 million. The market notched the smallest growth among major metropolitan areas, followed by Houston with over 49 percent luxury price growth.  On the leaderboard were West Palm Beach and Miami, where prices […]

This article originally appeared on The Real Deal. Click here to read the full story.