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Deal with US doesn’t dim Ocwen as portfolio hits $500B
Ronald Faris of Ocwen Ocwen Financial Corporation – a company that specializes in servicing large portfolios of underwater, delinquent and subprime mortgages – has amassed a $500 billion servicing...
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Cuomo rips AG’s handling of JPMorgan settlement money
From left: Gov. Andrew Cuomo, JPMorgan Chase and Attorney General Eric Schneiderman New York Attorney General Eric Schneiderman’s move to dole out at his own discretion the Empire State’s portion of a...
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Goldstein, Hill & West forms an interior design offshoot
From left: David West, L. Stephen Hill and Alan Goldstein, and interior of 885 Sixth Avenue Lower Manhattan-based architecture firm Goldstein, Hill & West is formally breaking into interior design...
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The February issue is live!
The Real Deal February 2014 As the New York City marketplace has regained its roar in recent months, lenders are sensing the opportunity to cash in. And in a throwback to the boom, banks are starting...
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Banana Republic inks mega Flatiron lease
105 Fifth Avenue (Photo credit: PropertyShark), Leonard Riggio (top) and Nicholas Haines UPDATED, 5:10 p.m., Feb. 3: Clothing store chain Banana Republic signed a 15-year lease taking 28,000 square...
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5 cheapest Manhattan sales of the week
From left: Karen Shenker and interiors of 100 West 141st Street in Central Harlem Karen Shenker of Corcoran sold the cheapest Manhattan pad this week, at the seller’s asking price of $189,000 for a...
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Art storage firm inks 67,000 sf Brooklyn lease
From left: 301 Normal Avenue and Cadogan Tate’s art storage website London-based fine art storage company Cadogan Tate New York has inked a deal for over 67,000 square feet at 301 Norman Avenue in...
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Revealed: The secret to navigating NYC’s affordable housing
From left: 77 Columbia St and 321 8th Avenue A Manhattan three-bedroom for $1,000 per month. An East Village co-op with a mere $545 maintenance fee. They do exist. The secret to the legendary...
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Kessners put Upper Manhattan portfolio on the block for $62.5M
Robert Shapiro and 1771-1773 First Avenue East Harlem landlords, father and son Steve and Michael Kessner, sold a two-story commercial building at 1790 Third Avenue for $5.75 million last week. Now,...
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Editor’s note: Real estate’s fuzzy math
Stuart Elliott From the February issue: Loss factor is one of the more maddening concepts in New York City real estate. It’s the measurement that office landlords use to figure out how much tenants pay...
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Yankees’ Carlos Beltran unloads LI pad on return to city
From left: Carlos Beltran and 70 Old House Lane Hot on the heels of signing a three-year, $45 million deal with the New York Yankees, former New York Mets outfielder Carlos Beltran is selling his home...
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Jumbo $130M River House home pulled off market
From left: John Burger, a rendering of the foyer at 435 East 52nd Street. and Kyle Blackmon The Residence at River House, which at $130 million is New York City’s priciest home listing, is being taken...
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Top 10 Kent Swig facts from NYT profile on struggling developer, Chinatown...
Celebration of the New Lunar Year in Chinatown 1. Top 10 Kent Swig facts from NYT profile on struggling developer [Curbed] 2. Chinatown ushers in the Year of the Horse: PHOTOS [Bowery Boogie] 3. Amish...
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River House club to pay $45M for space listed at $130M
From left: A rendering of the master suite at the Residence at River House 435 East 52nd Street and the tennis court at the River Club of New York The private club inside River House will pay only $45...
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One sale to rule them all: Peter Jackson to sell Tribeca manse
Peter Jackson and images of his Tribeca penthouse listing From Luxury Listings NYC: “Lord of the Rings” director Peter Jackson is now in contract to sell his $19.95 million penthouse spread at 155...
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Fortuna boss renames Soho project “Hotel Hugo”
From left: Rendering of Hotel Hugo at 525 Greenwich Street, Morris Moinian and initial rendering Fortuna Realty Group’s Hudson Square hotel project has changed its name to Hotel Hugo from Soho Hotel....
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Vacant retail spaces line Eighth Avenue in Chelsea
104-111 Eighth Avenue More than 12 businesses along Eighth Avenue between West 14th and West 23rd streets shuttered last year and early this year as retailers struggle to pay rising rents. The result...
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Hefty rise in Manhattan investment property sales in 2013
Investment property sales netted a healthy volume in 2013, despite a downturn in the number of properties sold. Manhattan saw a total of 672 transactions comprising 852 properties in 2013, a slight...
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Another sale in Harlem as two walk-ups go for $3M
121 West 120th Street and Ronda Rogovin A pair of walk-up rental buildings in Harlem changed hands for $3.3 million as the Upper Manhattan multi-family market heats up. The three-story, eight-unit...
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FiDi residential market on the rise post-Sandy: report
Courtesy Platinum Properties Despite the damage wrought by Hurricane Sandy in 2012, the Financial District is staging a comeback — at least as a destination for residential rentals, according to a...
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