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Zeckendorfs pay record $600 per sf for air rights
From left: William and Arthur Zeckendorf (credit: Marc Becker) and Christ Church Developers William and Arthur Zeckendorf will pay a record $600 per square foot this week for air rights above their...
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Urban Compass puts out casting call for residential brokers, nabs Rudin...
Bill Rudin, Ori Allon and Joshua Kushner For months, tech blogs have speculated about the purpose of Urban Compass, the tech start-up that hired Citi Habitats veteran Gordon Golub earlier this year....
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Yeshiva unloads more office buildings
From left: 9 East 38th Street, Bob Knakal, 920 Broadway and John Ciraulo Yeshiva University has unloaded three more office properties for a total of $87.5 million, the New York Observer reported. The...
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NYC residential building permits up 19 percent
The number of residential permits issued by the New York City Department of Buildings rose by 19 percent in 2012, according to an analysis of U.S. Census data released by the New York Building...
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Starwood asks $60M for Baccarat penthouse
Barry Sternlicht and a rendering of the Baccarat tower Starwood Capital’s Baccarat-branded hotel and condominium tower in Midtown is asking $60 million for its top-floor penthouse, the New York...
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UES, Bay Ridge among NYC’s best neighborhoods to raise kids
The “Gingerbread House” at 8220 Narrows Avenue in Bay Ridge The Upper East Side is New York City’s best place to raise children, ranking first out of 59 neighborhoods in a new report by the Citizen’s...
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DelShah seeks hotel tenant for Meatpacking site, despite ownership dispute
From left: Michael Shah, 55 Gansevoort Street, a proposed rendering and Jeffrey Julien With an ownership dispute ongoing, DelShah Capital is planning to lease a vacant Meatpacking District building to...
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Check out Luxury Listings NYC!
Be sure to check out The Real Deal‘s newest publication, Luxury Listings NYC. This glossy magazine features the most expensive and unique residential property listings the city has to offer, with...
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In their words…
From the February issue: In their words... is The Real Deal's round up of the month’s funniest and most insightful comments on real estate. This month's edition includes musings and wisecracks from...
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Restaurateur Elaine Kaufman’s penthouse sells for $2M, Centaur Properties...
A glimpse inside the Minus5 Ice Bar (source: DNAinfo) 1. A financier who frequented Elaine’s pays $1.92 million for the late restaurant maven’s Upper East Side penthouse [NYP] 2. Landlord Centaur...
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Macklowe’s 737 Park Avenue backs off bed-and-breakfast lawsuit
From left: Harry Macklowe, 737 Park Avenue and Elizabeth Murray The developers of 737 Park Avenue, a new condo conversion project led by real estate mogul Harry Macklowe, are ending a legal fight with...
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Sales launch at Sky View Parc’s final tower
From left: the exterior of Sky View Parc and the interior of a penthouse unit The final tower at Sky View Parc, the massive mixed-use project looming over Flushing, Queens, has hit the market,...
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L.I. developer arrested after failing to pay $215K
From left: Eric Schneiderman, Deborah Mohring and 711 Willis Avenue A Long Island developer was arrested on contempt charges Tuesday morning and could spend five days in jail after failing to pay...
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Top stories yesterday on The Real Deal: 1. Urban Compass puts out casting call for residential brokers, nabs Rudin investment 2. Meatpacking’s Standard Hotel may sell for $300M 3. Lloyd Goldman buys...
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Pier 42 park will open in May, Joe Sitt is key investor in 151 Wooster St. …...
“Avenue of Puerto Rico” in East Williamsburg 1. Pier 42 park will open in May [Curbed, 1st item] 2. Joseph Sitt’s Thor Equities is key investor in 151 Wooster Street retail space [NYP] 3. FEMA releases...
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Insurer leases 120,000 square feet at Manhattan’s largest office tower
55 Water Street at center Liberty Mutual has inked a 10-year deal for 120,000 square feet at 55 Water Street in the Financial Distrct, Crain’s reported. The deal effectively doubles the insurance...
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Macy’s inks extension with Vornado for 646K SF space at 11 Penn Plaza
11 Penn Plaza Macy’s has inked a lease extension with Vornado Realty Trust for its 646,000-square-foot space at 11 Penn Plaza, GlobeSt.com reported The retailer — which is the 1.1 million-square-foot...
View ArticleRussians see U.S. residential market as a ‘safe-deposit box’: VIDEO
Wealthy Russians are increasingly turning an eye toward the real estate market in the United States, CNBC reported. Edward Mermelstein, a prominent real estate attorney and developer, said that...
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NY foreclosures up in December: CoreLogic
Foreclosure rates increased in the NY-White Plains-Wayne area Foreclosure rates in New York-White Plains-Wayne increased for the month of December over the same period last year, according to...
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Looking back: Trinity Church to sell much criticized residential holdings
Varick Street, where Trinity Corporation owned property From the February issue: The Trinity Corporation, the landlord for Trinity Church, announced plans to exit the residential ownership business on...
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