Robert Haberman, Patrick Gavin

Elliman $11.2 million 16 East 10th Street

102 June 2012 www.TheRealDeal.com

Web hits: The month in review

Kathy Sloane Brown Harris Stevens $52.5 million 740 Park Avenue #12-13

Bonnie Chajet, Ronnie Lane

Warburg $31.5 million 1030 Fifth Avenue #9W

Leonard Steinberg, Herve Senequier

Elliman $14.38 million 26 Downing Street

Daniela Kunen Elliman $12.25 million 1185 Park Avenue #16AB

Top deals of the month

Most popular stories

1) Breaking down the monthly nut

2) Burkle’s billions

3) Manhattan rental market prices hit record high

4) Who reigns in retail?

5) Jamestown to buy LIC building from Chetrits for more than $80M

6) Asking prices for Williamsburg new developments jump 53 percent

7) Gluck’s 111 Kent Avenue sells for $56M

8) NYC real estate jobs on rise, especially in private equity

9) Madison Realty pays $22M for Williamsburg rental

10) MDLNY star Serhant to head Nest Seekers’ office in Tribeca

Keller Williams fails to attract top agents, listings:

“Shocker! Another national brand rides into town, overpays to hire local talent/management, opens a snazzy office and

expects everyone to come running.”

(Read full stories online)

Donny Deutsch’stownhouse

Top dealsof the month

Most popularstories

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Source: StreetEasy and The Real Deal. Data is for closed deals filed with the city between April 30 and May 30, where both a broker and an address can be identified. Chart only includes sellers’ brokers.

Paolo Zampolli

Trade shows threaten to boycott proposed Aqueduct Convention Center:

“I’ve watch fairs in Milan and Paris falter when they closed the convention centers in downtown and moved them out-side of the city. Aqueduct will ruin some of the trade shows

currently in the Javits.”

Frederic Schwartz

Kathy Sloane 111 Kent Avenue Aqueduct Convention Center

Antiques Garage

The Sheffield

Architect, contractors claim Donny Deutsch stiffed them for townhouse workBy Katherine ClarKe

Advertising guru and television personality Donny Deutsch is facing a barrage of claims that he stiffed the contractors and architects who helped design his Upper East Side townhouse. Frederic Schwartz, the architect tapped by Deutsch to trans-form the 6 East 78th Street townhouse into a contemporary palace in 2010, claims he

was never paid the $1.79 million he’s owed for the work. Meanwhile, architectural renderer Andrew Hickes filed a lien against the property in 2010, claiming that he was not paid for renderings he created. And contractor J.P. Hogan Coring & Sawing Corporation also filed a lien against the property. Deutsch is also facing a lawsuit from Sotheby’s International Realty in relation to the 2010 sale of his Hamptons property. In a lawsuit filed last year, Sotheby’s claims it found the buyer in the $30 million deal and is owed $1.8 million in commission.

Silverstein plans huge Far West Side residential-retail towerBy adam PinCus

Developer Larry Silverstein is roughing out designs for an approximately 60-story residential and retail tower on Manhattan’s West Side, a block from his Silver Towers rental project. The new building, at 514 11th Avenue, is in the early stages and has not been formally announced, a source familiar with the development said last month. While the overall size of the build-

ing has not been laid out, the retail portion of the project is expected to be between 150,000 and 250,000 square feet. Silverstein will partner on the project with Mercedes-Benz of Manhattan, which owns the land. The site is the former showroom for the luxury automaker, which relocated to 555 West 53rd Street last year. Robert K. Futterman & Associates is representing Silverstein to find a tenant for the retail space. The blended asking rent (for ground-floor and upper-level space) is about $75 per foot.

Court permits former Xanadu developer to seek $600M in damages By Katherine ClarKe

A New York appeals court last month ruled in favor of ERC 16W Limited Partnership, the former developer of the Meadowlands Xanadu shopping and entertainment com-plex, giving ERC the right to recover $600 million in damages against a Lehman Broth-ers affiliate, which cut off the promised construction financing for the project. ERC — a partnership led by Colony Capital — took over development of the 104-acre complex in East Rutherford, N.J., in 2006. ERC was forced to abandon the project, however, when

the Lehman affiliate refused to fund its share of a $1 billion development loan. While a lower court held last year that Lehman simply had to find a substitute lender for the project, the appellate court last month reversed that decision, holding that both the lender and its guarantor are liable. ERC now intends to seek damages arising from its lost investment on the proj-ect that may total $600 million.

Donny Deutsch

Larry Silverstein

Meadowlands Xanadu shopping center