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Bushwick still bustling with construction activity
New development construction in Bushwick Although many young renters are moving from Williamsburg and Bushwick into the more working-class neighborhood of Ridgewood, Queens, as The Real Deal reported...
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Non-NYers deem Prospect Heights richest-looking ‘hood
Prospect Heights Prospect Heights is the richest-looking neighborhood in New York, as perceived by non-NYC residents, according to a survey reported on by the New York Post. The brownstone-filled...
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Former Grimm fundraiser admits to visa fraud
From left, Ofer Biton, Rabbi Yoshiyahu Pinto, Congressman Michael Grimm A former fundraiser for Representative Michael G. Grimm who helped direct hundreds of thousands of dollars from supporters of...
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250 West generates $313M in sales, tops new dev list: PHOTOS
The story of a new development is often as follows: a project hits the market with a splashy ad campaign; a drawn out process of finding qualified buyers and signing contracts ensues; and closings...
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Bronx’s first boutique hotel opens its doors
436 East 149th Street The Bronx now has a brand new luxury hotel to call its own, the local blog Welcome2TheBronx reported. The Opera House Hotel, so named because of its previous incarnation as a...
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NYC’s Fifth Avenue ranks second in retail rents worldwide
From left: Hong Kong’s Tsim Sha Tsui shopping district and 767 Fifth Avenue That setting up shop along prime Fifth Avenue requires deep pockets is no secret, but the glittering Manhattan strip remains...
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Westbrook Partners to launch 72K sf Wburg project
From left: IBI’s Scott Stewart and David Thom Westbrook Partners has proposed a new 95-unit development for 223 North 8th Street in Williamsburg, BuzzBuzz Home reported. The new development, designed...
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Bialystoker Nursing Home inches closer to landmark status
From left: 228 East Broadway and the LPC’s Robert Tierney The battle to secure landmark status for the Bialystoker Nursing Home on the Lower East Side is drawing ever closer to a resolution, the...
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Day in the life of: Peter Hennessy
Peter Hennessy From the August issue: 4:45 a.m. I get up at 4:45 at my house in Bedford, N.Y., and take my two dogs for a walk before I do anything else. We have an English Springer Spaniel named...
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Dmitry Rybolovlev buys Will Smith’s $20M pad allegedly to stash cash from...
Hidden Valley Castle in Cornwall, Conn. 1. Decrepit Harlem townhouse, at 2064 Fifth Avenue, boldly asks $3.5 million [Curbed] 2. Billionaire Dmitry Rybolovlev buys Will Smith’s $20 million Hawaii home...
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Williamsburg multi-acre site gets bids $70M below ask
From left: 462-490 Kent Avenue and Gabriel Saffioti A 3.75-acre industrial site in South Williamsburg that has been approved for residential development premiered three months ago asking $210 million –...
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Jamestown to nab stake in massive Sunset Park industrial site
882 3rd Avenue, Brooklyn Chelsea Market owner Jamestown Properties is on the brink of acquiring a stake in an industrial warehouse complex in Brooklyn’s Sunset Park, Crain’s reported. Jamestown, which...
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Ruben pays $210M for 600 Madison Ave.
Richard Ruben and 600 Madison Avenue Investors affiliated with Ruben Companies, a New York City-based real estate investment and development firm, have paid $210 million for an office building at 600...
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NYC unaffordability map reveals a few pricey surprises
A dynamic map of median home sales (Source: Property Shark) Stratospheric prices in Nolita are hardly news these days, but a new dynamic map detailing the median home sales price of New York City digs...
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Barnes & Noble ex-chairman drops bid for retail locations
From left: 33 East 17th Street and 2289 Broadway Barnes & Noble, which has numerous locations throughout the five boroughs, lost former Chairman Leonard Riggio’s bid for the company’s retail...
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Developers circle like “vultures” over Chelsea women’s prison
550 West 20th Street Bayview Correctional Facility, a women’s prison that has been operational since 1974, will be officially shuttered as part of Governor Andrew Cuomo’s 2013-14 state budget. The...
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Gotham West welcomes tenants to far West Side
550 West 45th Street Some tenants are already moving into Gotham West, the Gotham Organization’s mass of apartments along 11th Avenue in the upper 40′s and 50′s, which came onto the market with a...
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Extell sells three condos at Int’l Gem Tower for $51.2M
A rendering of the International Gem Tower located at 50 West 47th Street and Gary Barnett Gary Barnett’s Extell Development has closed on a deal with the Gemological Institute of America to purchase...
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This month in real estate history
Five Points Mission at 63 Worth Street in Manhattan From the August issue: 1915: Five Points Mission demolished for courthouse Demolition of the historic Five Points Mission House, just north of City...
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Who are NYC’s most stylish brokers?, Zillow offers $412M shares after...
School bus-turned-mobile home project (Credit: Justin Evidon via New York Daily News) 1. Who are NYC’s most stylish brokers? [Refinery 29] 2. Zillow offers $412 million in shares after buying...
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