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Williamsburg’s Zazza Residential sells for $40M
From left: East End Capital’s David Peretz, Jonathon Yormak and 424 Bedford Avenue East End Capital and KBS are shelling out just under $40 million for Williamsburg’s condo-turned-rental Zazza...
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What’s in a name? Candy brothers look to license theirs
Nick and Christian Candy Candy & Candy, the design firm side of the Candy brothers’ real estate development business, said on Tuesday they will license their name to projects globally — much the...
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Sherwood reveals 500 West 21st Street renderings
Renderings of 500 West 21st Street The long-stalled residential condominium project at High Line-adjacent 500 West 21st Street is gathering steam — the property’s teaser site appeared Wednesday. The...
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Manhattan retailers jam Bedford Ave. as Brooklynites flee
From left: 218 Bedford Avenue and 340 Bedford Avenue As retail rents continue their skyward trajectory along Williamsburg’s Bedford Avenue, local shops are departing for other Brooklyn locales and...
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Weisbrod top contender to succeed Amanda Burden: sources
Bill De Blasio and Carl Weisbrod Veteran real estate executive Carl Weisbrod, a partner at HR&A Advisors, is being eyed to fill Amanda Burden’s shoes as the new chair of the City Planning...
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Midtown fiction haven to sell for $18M
17 East 47th Street Nonprofit library the Center for Fiction plans to sell its eight-story Midtown townhouse for $18 million, according to a petition filed in New York State Supreme Court. The...
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“Starbucks of South Korea” plans huge city expansion
Blu Realty Group’s Andy Kim and Caffé Bene location at 1611 Broadway A popular South Korean coffee and pastry franchise chain with more than a thousand locations in Asia is planning an aggressive...
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Sealing deals with Instagram
Instagram postings at the listing on the right. From left: LuxuryLoft team members Herve Senequier, Alexander Bank, Leonard Steinberg and Amy Mendizabal From the February issue: Framed photos of a...
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Jeweler from China enters U.S. market via Fifth Avenue
Clockwise from left: Fifth Avenue, Joseph Isa and jewelry made by Lao Feng Xiang A Chinese jewelry conglomerate has inked a lease for its first North American outlet, fittingly along North America’s...
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JPMorgan admits to submitting phony mortgage claims
Jamie Dimon JPMorgan Chase agreed to pay $614 million in fines after confessing to wrongfully filing Federal Housing Administration and Department of Veterans Affairs mortgages, the bank announced...
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Alex Rovt has another $200 million to spend on NYC real estate, inside the...
Atlantic Avenue Tunnel 1. Fertilizer billionaire Alex Rovt wants to drop another $200M on NYC property [Real Estate Weekly] 2. Inside the world’s oldest subway- the Atlantic Avenue Tunnel, sealed by...
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Janet Jackson lists Trump International pad for $35K a month
Janet Jackson and the 1 Central Park West apartment Music industry legend Janet Jackson is seeking a tenant for her three-bedroom, 3.5-bathroom pad at Trump International. The singer listed the 1...
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Saparn VP indicted for Mitchell-Lama scam
Harway Terrace (inset: Gorelick) Saparn Realty vice president Alan Gorelick was indicted Wednesday for stealing nearly $611,000 from Harway Terrace, a Mitchell-Lama housing complex in Brooklyn, in...
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Suddenly, developers flocking to Gowanus
Lightstone CEO David Lichtenstein and a rendering of the project at 363-365 Bond Street in Gowanus The smelly waters of the Gowanus canal aren’t keeping developers from sniffing out the area’s...
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Whitney Houston’s NJ mansion in big price drop
Mendham Township, N.J., home and Whitney Houston The New Jersey home of the late pop superstar Whitney Houston is back on the market for $1.5 million. The 12,561-square-foot mansion in Mendham Township...
View ArticleThe hot property sector in 2014? Sam Zell weighs in: VIDEO
Equity Group Investments Chairman and billionaire Sam Zell anticipates little dramatic change in 2014′s residential housing market, is eager to tap into the market he says appeals to Generation Xers —...
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Blackstone to give first home loan in Miami
Stephen Schwarzman From the South Florida site: Stephen Schwarzman’s Blackstone Group is set to write its first residential mortgage in Miami this week through a new unit called B2R Finance. Already...
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Two Harbors REIT sees jump in Q4 earnings up to $76M
Tom Siering Two Harbors Investment Corp. racked up $76 million in earnings in the fourth quarter of 2013. The real estate investment trust, which has its headquarters in 590 Madison Avenue, reported...
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Liberty View Industrial Plaza kicks off leasing
Rendering of 850 3rd Avenue Sunset Park, Brooklyn’s Liberty View Industrial Plaza, on the cusp of finishing a $100 million renovation, is on the hunt for industrial and tech tenants to fill 1.3 million...
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City Council takes another whack at tenant relocation fees
Jumaane Williams and Margaret Chin City Council member Margaret Chin has re-introduced a bill Tuesday that would force landlords to pay a tenant’s relocation costs if a building has been shuttered for...
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