
Data Editor at The Real Deal. Tips at [email protected] 305-351-4681
New York City
Joined October 2011
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Adam Farence retweeted
I will be on NY1 tomorrow at 7:30am(!) to talk about this story !!
The bank and drugstore takeover of Manhattan retail is finally ending! Chain banks and pharmacies are downsizing.
That leaves landlords with big spaces they can't fill. So they're chopping them up, putting three stores in one. My story:
therealdeal.com/new-york/202…
Adam Farence retweeted
There’s always a real estate angle therealdeal.com/new-york/202…
New: Mayor Zohran Mamdani and City Council Speaker Julie Menin have reached a deal to abolish NYC's horse carriage industry — a critical breakthrough in a decadeslong, politically fraught effort to ban the tourist attraction. politico.com/news/2026/10/13…
Adam Farence retweeted
NEW: We now have texts and emails between the Mamdani admin and the RGB, as part of the rent freeze lawsuit.
Landlords' attorney calls them "shocking." But they seem more like possible circumstantial evidence than a real smoking gun
therealdeal.com/new-york/202…
Adam Farence retweeted
Rent freeze lawsuit update: Twenty six City Hall and RGB staff will need to turn over their phones and emails for search, including personal accounts. Case unlikely to get a decision before Oct 1, when the freeze takes effect, says Judge Lantry. Details in newsletter tonight
Adam Farence retweeted
I talked to New York's housing commissioner Dina Levy about her personal life, including how she organized surfers in Hawai'i and met her husband the old fashioned way (getting arrested for tenant organizing and telling everyone about it) therealdeal.com/magazine/sep…
Adam Farence retweeted
The Mamdani admin asked an appellate court this morning to affirm that a temporary restraining order blocking the pied-à-terre tax rollout is on hold while they seek to appeal. Here’s a recap of the lawsuit:
therealdeal.com/policy-pro/n…
Adam Farence retweeted
Nearly 100 cannabis shops entered operating status across NYC in 2025. I analyzed the storefronts they replaced and whether 2026 is set to maintain that blazing pace: therealdeal.com/data/new-yor…
Adam Farence retweeted
This spells disaster for Zillow/ Streeteasy. Compass is now large enough to render these property search engines irrelevant. If searchers feel like they are not getting a comprehensive set of results from their apt searches, they’ll revert back to searching the individual sites
🚨 NEW: Compass executives advised top New York City agents across its brands to temporarily remove listings from Zillow-owned StreetEasy during internal meetings this month, attendees tells @SheridanLWall and @IndurskyJake.
therealdeal.com/new-york/202…
Adam Farence retweeted
Attention @NYCCouncil @NYSA_Majority @NYSenDems: South Florida's median rent in 2022 was $2,850 & vacancy was <4%. Then came a wave of new units. Completions exceeded new leases 2 straight years. Vacancy rose to 7%, rent fell to $2,277. See how that works? therealdeal.com/miami/2026/0…
Adam Farence retweeted
The Mamdani administration is once again trying to get a portfolio of distressed buildings into the hands of a preferred landlord. This time they’re backing Spatial Equity Co in a bid to take over the Emerald Equities portfolio therealdeal.com/new-york/202…
Adam Farence retweeted
New York's tenant movement is back in power. Off its rent freeze win, I wrote about what's driving the movement and how these orgs are navigating their relationships with the mayor, and with each other. therealdeal.com/magazine/jul…
Adam Farence retweeted
Next up after a rent freeze? The rent freeze lawsuits.
I talked to a lawyer about the most likely legal arguments landlords might make
therealdeal.com/new-york/202…
Adam Farence retweeted
The building Anna Delvey wanted for her club just sold (and not to Delvey aka Sorokin). @ByRichBockmann has the actual sale price. therealdeal.com/new-york/202…
Adam Farence retweeted
A landlord group brought a bunch of zombies to last night’s Rent Guidelines Board hearing to oppose a rent freeze.
But the zombies were paid actors. And once they realized what they were there for many said they felt uncomfortable and manipulated.
Adam Farence retweeted
This Wed May 6th, in NYC. 2500+ attendees. Speakers like Jeff Blau, Gary Barnett, Scott Rechler. Head of NYC Housing and many more. Don’t pretend you are serious about real estate if you are not coming.
Keep the party going! 🥂 At the Real Estate Gala, power players @BobKnakal, @realEstateTrent and @hl_dynasty shared why they can't miss #TRDForum this Wednesday — and what they’re most excited to hear about as New York's market enters its next chapter.
Join them May 6 alongside 3,000+ real estate leaders for a full day of networking, deal-making and sharp insights from the biggest names in real estate, finance, policy and design.
🎟️ Want in? Use code REGALA@TRD for 20% off general admission here: events.therealdeal.com/new-y…
Adam Farence retweeted
Katherine, Sheridan, Ellen and others at @trdny have been leading the way reporting on serious sexual assault allegations against top residential real estate brokers and deserve credit from the largest outlets in journalism following their stories.
Replying to @MaryKJacob
@MaryKJacob I had the scoop on South Florida attorney Jim Ferraro being replaced by Isabelle Kirshner as Oren and Alon Alexander's attorney in the initial two rape lawsuits hours before your story in the @nypost. Can you please credit @trdny and link to our story?
Adam Farence retweeted
One of the best stories I read about the Miami insurance dilemma. therealdeal.com/miami/2024/0…
Adam Farence retweeted
“Insurance has gotten completely out of control” Gil Dezer #trdforum
Adam Farence retweeted
Warm take:
The reason why AI hype is slowing isn't about LLMs, it's about humans.
2 main reasons why:
1) Expectations.
When GPT-4 came out, it literally blew everyone away. The "demos" of its capabilities were everywhere - every single person I knew was amazed.
We were promised the future.
But as more people began using these systems, they started seeing the flaws - the hallucinations and limitations. They were disappointed, so they left. Their high expectations weren't met.
2) The blank canvas problem
Every walk into a restaurant that has 100 items on the menu? Impossible to pick something right.
Inversely if they have like 5 things on the menu, and 1 is labeled "the most popular" you'll likely just get that.
Same thing applies to AI. The fact they can do so much that actually makes it hard for everyday people to figure out how to really use them.
After trying the basic stuff like "write me paper" or "draft me an email" most can't think of anything to ask anymore.
These systems are insanely powerful, but it needs a power user.
They need an intent-driven power user to fully utilize them
Combine these two factors and you get a drop in users and hype
This is actually a product problem - chat interfaces are likely not the answer until we have low latency voice -> text.
We need better UIs and ways to teach capabilities.
Once everyone has their "Aha!" moment (beyond basic examples), we'll start to see the hyper growth of AI.


















