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Retail asking rents surge in Soho, Lower Manhattan: Cushman
From left: Gene Spiegelman, 583 Broadway (Photo credit: PropertyShark) and 124 Prince Street Rising retail rents are driving an ongoing acquisition frenzy in Soho, insiders say, and if the latest...
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“NoHa” penthouse hits market for benchmark $4.3 million
301 West 118th Street, Central Harlem The owner of a penthouse condo at SoHa118 in Central Harlem is asking $4.3 million, more than any other home on the market in the neighborhood. Brokers Mark Powell...
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Plans for massive Fort Greene development gather steam
470 Vanderbilt Avenue GFI Capital Resources is gearing up to move forward with a 2009 plan to overhaul 470 Vanderbilt Avenue in Fort Greene with the addition of retail space and a brand new mixed-use...
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West Broadway booms as retail rents skyrocket
From left: 452 West Broadway and 150 Prince Street West Broadway, an area of Soho that lagged behind its hipper neighbors in terms of retail leases and building upgrades, is finally having its day....
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New online map shows priciest, cheapest blocks in Brooklyn
A screenshot of the Brooklyn Heat Map Renters are looking for cheaper digs in Brooklyn using an online tool in the form of a colorful map that shows where to find the most and least expensive...
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Risky business: real estate execs’ adrenaline-soaked lifestyles
From left: Steve Witkoff, view from a kiteboard, Billy Macklowe Instead of bragging about their latest developments at industry events, real estate executives lately are wrapped up in conversations...
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Time Warner officially announces Hudson Yards move, Columbus Circle sale
From left: 10 Columbus Circle and a rendering of the Hudson Yards Development Project Time Warner Inc. officially announced the planned move of its media headquarters from Columbus Circle to the...
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Michael Kors sews up 40,000 feet at 335 Madison
Michael Kors and 335 Madison Avenue Designer brand Michael Kors has inked a 40,553-square-foot short-term lease at Milstein Properties’ 335 Madison Avenue, The Real Deal has learned. Michael Kors will...
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A day in the life: Nikki Field
Nikki Field From the January issue: Sotheby’s International broker Nikki Field is a 20-year industry vet with a slew of notable deals under her belt, including the sale of a full-floor unit at Extell’s...
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Amid skyrocketing land prices, lenders hesitate
As land prices continue on their skyward trajectory, lenders are increasingly challenged to determine how much they can — and should — supply a developer. The amounts they lend, banks say, have to...
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U.S. home builder confidence nears eight-year high
A new home under construction U.S. homebuilder confidence held steady in January, coming close to the gauge’s eight-year high and boding well for continued growth in the year ahead. The National...
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Historic West Village store loses pharmacy to CVS, Wolcott Hotel ballroom to...
Lobby of the Wolcott Hotel 1. Historic West Village store loses pharmacy to CVS [DNAInfo] 2. Flatiron’s Wolcott Hotel ballroom to be restored to its former glory [WSJ] 3. BSA approves Dalton School’s...
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City housing authority worker charged with grand larceny, scheming to defraud
A New York City Housing Authority employee and an alleged accomplice were arrested Thursday for allegedly swindling public housing seekers out cash in a fraudulent ploy. The duo, New York City Housing...
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Cetra/Ruddy-designed Midtown tower to rise 59 stories
John Cetra and Nancy Ruddy Soho-based architecture firm Cetra/Ruddy is designing a 59-story mixed-use Midtown West tower with 426 luxury apartments believed to be replacing the outgoing Roseland...
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Macklowe sues ex-737 Park owner over unit upgrade
Harry Macklowe and 737 Park Avenue Developer Harry Macklowe is dragging Arlene Katz, a tenant at 737 Park Avenue, into court to force her to allow contractors to upgrade her apartment. Katz is a member...
View ArticleMortgage real estate investment trusts vulnerable amid Federal Reserve policy...
Real estate investment trusts that buy mortgage debt are finding themselves increasingly vulnerable to bulldog investors as they struggle to navigate shifting Federal Reserve policies. Mortgage REITs,...
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Famularo among faces of Eastern’s new retail team
From left: Alexander Hill, Jeff Geoghegan, Ravi Idnani and James Famularo UPDATE, 5:00 p.m., Jan. 17: Brokers James Famularo, Alexander Hill, Jeff Geoghegan and Ravi Idnani have been recruited to head...
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Artsy condo projects take advantage of museum proximity
From left: rendering of Torre Verre, One Museum Mile, 250 Bowery Sales are booming in buildings clustered around New York City’s public art destinations, as evidenced by the success of buildings near...
View ArticleSelf-employed to face mortgage challenges under new rules
The tighter U.S. lending standards effective this month could make it harder for self-employed borrowers to get a mortgage. Borrowers are likely to find their income placed under a microscope, the New...
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City hands Google millions by slashing taxes on Chelsea HQ
Google’s 111 Eighth Avenue NYC headquarters Tech giant Google scored more than $21 million in real estate tax savings during the past two years, thanks to an unusual intervention on the part of City...
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