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A new wave of candidness is sweeping real estate ads
A frank real estate ad on Craigslist Real estate listings are famous for their hyperbole, but the industry may be getting a little more honest. The trend towards more frank listing language isn’t...
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Chinese investors scoop up foreclosed Gravesend property
2300 Cropsey Avenue (credit: Brownstoner) A group of Chinese investors has paid $18.5M for a parcel at 2300 Cropsey Avenue in Gravesend at a state foreclosure auction. The 45,688-square-foot...
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The flâneur’s guide to NYC real estate
William Helmreich and a view of Manhattan from Brooklyn Heights Without a doubt the best way to get an eyeful of New York City’s real estate is by hoof. Despite our nearly unlimited online resources,...
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South Williamsburg sees its first grocery store
11 Broadway in Brooklyn South Williamsburg just got its first grocery. Those that live below Grand Street currently have to trudge to Marlow & Daughters for their pastured pork and sprouted spelt,...
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Stunning mountaintop hotels around the globe
From left: The Amangani, Wildflower Hall and Vigilius Mountain Resort Some of the world’s most breathtaking resorts are located far from sea level. Nestled in mountain ranges and perched on top of...
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Despite fierce competition, indie brokerages hold their own
Mary Kay Gallagher, the head of small real estate firm in South Prospect Park While New York City’s real estate industry can often seem dominated by big brokerages, many small firms still find a way...
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Single-owner Butterfield House unit trades for $3M
Butterfield House Unit 7E in the praised and distinctively modern postwar Butterfield House has sold for the first time since the building was completed in the early 1960’s at 37 West 12th Street in...
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Some UES residents bring planned hospital to court
A rendering of a planned health care complex on the Upper East Side Upper East Side residents loathe the new 1.1 million-square-foot hospital facility coming to their posh enclave. And having...
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Seaport Group ups lease to 36,849 sf at 360 Madison
360 Madison Avenue The global investment bank the Seaport Group has renewed and expanded its office lease at its global headquarters in Midtown. The firm added another 12,283 square feet to its...
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Foreclosure errors still common at big banks
Joseph Smith, monitor of the National Mortgage Settlement More than half a decade into the foreclosure crisis and the big banks still haven’t cleaned up their act, according to a new administrator’s...
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Chinese mall to be covered in 42,333 steel spheres
Hanjie Wanda Square in China The Dutch firm UNStudio has unveiled plans to plaster a Chinese shopping center with 42,333 steel spheres. The plans for the new high-end mall, dubbed Hanjie Wanda Square,...
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Tilden Park Capital takes 452 Fifth penthouse
452 Fifth Avenue Fixed-income-focused alternative asset manager Tilden Park Capital Management is moving its headquarters from 900 Third Avenue to the 452 Fifth Avenue. The firm signed a...
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L+M succeeding with unusually diverse projects
L+M Development CEO Ron Moelis L+M Development has been named “private developer of the year” by the New York Housing Conference, and for good reason. Not only has the developer won the contract on...
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US Army Corps, Customs to take 1 World Trade Center space
From left: U.S. Army soldiers, 1 World Trade Center and Vogue’s Anna Wintour The stiletto-clad fashionistas and bespectacled literary types of Conde Nast — publisher of Vogue and the New Yorker...
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Half-empty 246 Fifth Avenue fetches $19M in online auction
246 Fifth Avenue New York-based HH Realty Equities purchased 246 Fifth Avenue last week in an Internet auction, paying within $1 million of the half-empty building’s value before the real estate market...
View ArticleHalf of New Yorkers on brink of missing homeowner tax break
New York City homeowners this year are largely failing to claim a tax break that has existed for 15 years, thanks to a new rule that requires them to register with the state in order to receive the...
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Rising rents in Sunnyside seen as nearing plateau
From left: 47-60 39th Place, a $2,000/month one-bedroom and 46-15 47th Avenue, a $1,950 two-bedroom Sunnyside rental prices are scaling new heights, but there are signs of a slow down on the horizon....
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National market report
Detroit From the December issue: In this month’s roundup of real estate news from across the country, TRD takes a look at Detroit, which despite its bankruptcy filing, is seeing a rebound in its...
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SL Green sells stake in 747 Madison Avenue retail
From left: 747 Madison Avenue, 420 Lexington Avenue and SL Green’s Steven Durels Landlord SL Green Realty sold its 33.3 percent stake in the retail co-op at the 17-story Colony House building at 747...
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Blankfein early Faena Miami Beach buyer: report
From left: Faena Miami Beach rendering and Lloyd Blankfein From the South Florida site: Goldman Sachs Group CEO Lloyd Blankfein and Apollo Global Management co-founder Leon Black are believed to be...
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