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Madison Equities defends condo project as way to “heal” Soho
Robert Gladstone and a condo rendering (Credit: DNAinfo) Developer Robert Gladstone of Madison Equities introduced his plan at last night’s Community Board 2 meeting to build an 18-story condominium...
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Numbers to know: Dumbo has the most expensive rentals in Brooklyn, the...
Brooklyn Bridge Park “Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. Look just across the East River for the most expensive...
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Rich people problems: Mansion inventory declines in richest U.S. ZIP codes
An Old Greenwich, Conn. home listed for $7.6M (Source: David Oglivy & Associates) The scarcity of housing inventory is especially prevalent in some of America’s wealthiest ZIP codes, potentially...
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Brooklyn Navy Yard’s Kimball departs for Jamestown
Andrew Kimball and an aerial view of the Brooklyn Navy Yard Andrew Kimball, who spearheaded the development of the Brooklyn Navy Yard into an industrial, tech and media hub, will join Jamestown...
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This month in real estate history
Stuy Town discrimination From the June issue: The city’s Board of Estimate approved land and tax breaks for Stuyvesant Town even after the developer said the housing project would be for white...
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TI Storage makes first Manhattan purchase, plans $20M self-storage facility
122 West 146th Street (Credit: PropertyShark) TI Storage has made its first foray into the Manhattan market with the purchase of a site located at 122 West 146th Street in Harlem, the company’s...
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Thor buys Barney’s building in Chicago, Gowanus group says...
Gowanus Canal 1. Thor Equities reportedly buys Barney’s building in Chicago for $155 million [Bloomberg News] 2. Lightstone-sponsored Gowanus Canal race smells fishy, group says [Curbed] 3. Brooklyn...
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City proposes 33 post-Sandy changes to building code
Mayor Michael Bloomberg and Speaker Christine Quinn A task force convened by Mayor Michael Bloomberg and City Council Speaker Christine Quinn to assess the damage done by Superstorm Sandy has released...
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Midtown office leasing tightens; Downtown lags
From left: 532 Washington Street (credit: PropertyShark) and 180 Maiden Lane While Midtown office leasing experiences a strong recovery and Midtown South tightens even further, the same cannot be said...
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18 Gramercy Park sales break price records
A rendering of the exterior of 18 Gramercy Park and a shot of a master bedroom inside Now that sales are closing at 18 Gramercy Park, it’s become clear that the Zeckendorf brothers’ luxury condominium...
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Goodbye Pat LaFrieda, hello West Village apartments
Pat LaFrieda and 601 Washington Street (credit: PropertyShark) Acclaimed meat purveyor Pat LaFrieda’s former warehouse space at 601 Washington Street will give way to a residential development,...
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David Walentas’ wife pulls support from James campaign over BAM project dispute
From left: Jane Walentas, BAM South and Letitia James The wife of David Walentas, the founder of Two Trees Management, has revoked her support for Councilmember Letitia James’ campaign for Public...
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Hotel planned for East 47th Street
145-147 East 47th Street (Credit: Curbed) There’s a new hotel planned for Midtown East. The properties currently located at 145-147 East 47th Street will be razed to accommodate the 22-story, 93-room...
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Developer’s neighborhood naming ploy appears to be working
A rendering of the Jefferson Ever heard of the “Northwest East Village”? This is the name the developers of the Jefferson condominium, in what the rest of us call simply the East Village, have...
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Lights, camera, profit!
HBO’s “Boardwalk Empire” From the June issue: Even in today’s market, some listings will sit unsold, of course. A mansion in Yonkers with interiors dating to the 16th century, an architecturally unique...
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5 Beekman condo-hotel plan approved by community board, Morgans Hotel settles...
Inside 5 Beekman Place in the Financial District (Courtesy: Tribeca Citizen) 1. Community board unanimously approves 85-condo, 285-room hotel conversion for 5 Beekman Place [Curbed] 2. Morgans Hotel...
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Chelsea site with 145K square feet of development rights pitched to hoteliers
140-144 West 28th Street and Andrew Scandalios of HFF An HFF team is marketing a 7,583-square-foot development site in Chelsea that’s aimed at hotel developers, according to marketing materials...
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Acadia sues Armstrong’s Ringel for alleged default
Aerial view of an Armstrong shopping center Acadia Realty filed suit against Armstrong Capital founder Benjamin Ringel and investor Tibor Klein, alleging they defaulted on $9 million in loans. Acadia,...
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Top residential agents of the week
From left: Adam Modlin, Arabella Greene Buckworth and 41 Central Park West Price: $16,000,000 Listing Brokers: Adam Modlin of the Modlin Group and Arabella Greene Buckworth of Brown Harris Stevens...
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Chinatown rental building collapse injures seven
17 Pike Street The partial collapse of an 18-unit Chinatown building shortly before 1 p.m. has injured at least seven, NY1 reported. The incident took place inside a beauty shop at 17 Pike Street, near...
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