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The May issue is live on TRD’s iPad app!
TRD’s May issue is now on the iPad The May issue of The Real Deal is now live on our iPad app. The iPad app combines the beauty of the full print issue with the convenience of the online format. It...
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Government briefs: TRD’s roundup of regulatory news
A rendering of the new Pier A From the May issue: In this month’s round-up of government news affecting real estate, The Real Deal first looks into the plans and schedule for overhauling Pier A in...
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254 Park Avenue South unit sets building price record, Cohen Commercial buys...
254 Park Avenue South 1. 254 Park Avenue South apartment sets a building price record [Curbed] 2. Cohen Commercial buys Bronx retail spot for $11.4 million [NYO] 3. Trump Soho condo up for sale for...
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Yorkville apartment seller sues Elliman, Jacky Teplitzky for “reckless”...
From left: the exterior of 200 East End Avenue, Jacky Teplitzky and a photo from Elliman’s listing The litigious ex-wife of venture capitalist Mark Lerner has sued her former real estate broker, Jacky...
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SL Green’s Holliday misses out at Kentucky Derby
From left: Marc Holliday, Steve Klesaris and Blue Devil filly Shot Gun Pennie SL Green Realty CEO Marc Holliday was unable to replicate his spectacular success in the Manhattan office market at the...
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Top residential agents of the week
From left: Sheila Ellis, Patricia Wheatley, Howard Margolis, Roger Erickson and Patricia Farman-Farmaian Sources: StreetEasy and The Real Deal. Footnotes: Data is for closed deals filed with the city...
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Michael Gross decries DOB’s, Extell’s actions in crane debacle
Michael Gross and One57(Gross photo source: Richard Lewin) Real estate author Michael Gross is none too pleased that he is being asked to evacuate his home at the Alwyn Court co-ops at 180 West 58th...
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Retailer demand, tourists help boost NYC retail sector: REBNY
Times Square and REBNY’s Steve Spinola The bulk of major retail corridors in Manhattan have seen high annual jumps in average asking rents — as much as 55 percent compared to the same period last year,...
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Chetrit, Bistricer will pay $8M to create Greenpoint park, paving way for...
Joseph Chetrit and a rendering of 77 Commercial Street (source: Curbed) The city has selected Joseph Chetrit and David Bistricer to help create a three-acre park in Greenpoint right on Newtown Creek,...
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Verizon to rent or sell chunk of FiDi headquarters
140 West Street As part of efforts to consolidate and cut costs, Verizon is planning on selling or leasing roughly half the space inside its 31-story headquarters, Bloomberg News reported. The company...
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Schumer backs Midtown East proposal, suggests tweaks to landmarks provisions
St. Patrick’s Cathedral Senator Charles Schumer today expressed overall support for the city’s Midtown East rezoning proposal, but called on City Hall to issue bonds to pay for transit and...
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Check out TRD’s latest South Florida supplement
Cover of South Florida Market Report The May issue of The Real Deal includes a free copy of the South Florida Market Report, which provides a behind-the-scenes look at the most important real estate...
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National market report: TRD’s monthly roundup of real estate news from across...
Seattle skyline From the May issue: In this month’s roundup of real estate news from across the nation, The Real Deal brings you details on a Seattle convention hotel that will be the largest north of...
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U.S. Open operator to unload Queens parkland for expansion, Blackstone sells...
Flushing Meadows-Corona Park in Queens 1. U.S. Open operator to give up Queens parkland to save expansion [Crain’s] 2. Blackstone sells all 23 million shares of mall owner General Growth Properties...
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Urban Compass goes live with apartment search site
Ori Allon and a screenshot of Urban Compass The shroud of mystery hanging over tech start-up Urban Compass has been lifted, and its purpose does indeed pertain to real estate. The site — which lists...
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Vornado outlines post-Fascitelli succession plan
From left: Steven Roth and Joseph Macnow Vornado Realty Trust officials outlined a plan today to divvy up former CEO Michael Fascitelli’s responsibilities among several of the real estate investment...
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City Council member claims Brooklyn Triangle developments favoring Hasidim
Council Member Diana Reyna and Broadway Triangle City Council member Diana Reyna, joined by a local community group, claimed in a press conference at City Hall today that two new residential buildings...
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247 Central Park West back on market for $37M — 65 percent more than sale...
An exterior image and interior shots of 247 Central Park West The mansion at 247 Central Park West is back on the market again, with the (still unidentified) owner asking $37 million — or roughly $14...
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Hines sells 425 Lexington, 499 Park for $1B total
Hines’ Tommy Craig, 499 Park Avenue and 425 Lexington Avenue It’s official: Hines is selling off two Midtown office properties — 499 Park Avenue and 425 Lexington Avenue — for a combined price of more...
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Opportunity real estate funds now target riskier investments
Barry Sternlicht of Starwood Capital Opportunity real estate funds are increasingly testing out a new profit-making strategy, investing in riskier real estate — such as distressed properties or those...
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