In New York, the big money’s in covering real estate

2009 July 30

Through boom and bust, the staff at Real Deal magazine have their hands full covering the who, where and how much of New York’s inimitable real estate market.

Despite carnage on Wall Street, vacant storefronts on Madison Avenue and pricey restaurants offering “grill menus” (read: cheap burgers), some things remain unchanged in the great metropolis. The price of the average Manhattan apartment is still hovering at more than $1 million.

Signs of the inevitable, however, are everywhere, and nowhere more readable than in the Real Deal, a print and online magazine that mines the big-money, character-rich world of New York real estate as if it were a professional sport.

In New York, the big money’s in (covering) real estate

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