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$26M loan paves way for Halpern’s East Houston rentals
331 East Houston Street Halpern Real Estate Ventures received a $26.1 million construction loan for its 80/20 multi-family development at 331 East Houston Street in the Lower East Side. Sovereign Bank...
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Day in the life of: Tribeca Associates’ Mark Gordon
Mark Gordon From the September issue: 5:15 a.m. I usually wake up around 5:15 and then spend some time in the gym. I live in Westchester. I lived in the city for 20 years — always on the Upper East...
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Party boy hotelier Vikram Chatwal’s Time Hotel hits foreclosure auction block
Vikram Chatwal and the Time Hotel The ground lease for the Time Hotel, the 192-room boutique Theater District property formerly owned by playboy hotelier Vikram Chatwal, is set to hit the foreclosure...
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Craigslist tightens controls on property listings
From left: Craig Newmark, David Schlamm and Anthony Lolli Online classifieds platform Craigslist recently made a change to the way it lets brokers add photos and links in the listings they post on the...
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Domino Sugar zoning kicks into high gear, construction worker dies in fall...
Terrace at 50 UN Plaza 1. Two Trees kicks Domino Sugar factory zoning process into high gear [Brooklyn Paper] 2. Fall from NYU scaffolding kills worker [Gothamist] 3. Midtown East collapse hints at...
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Manhattan land prices get “stupid”
From left: Scott Alper, Michael Rudin and Michael Stern Developers surveying a recent spate of land sales at sky-high prices are concerned that the market has overheated, and a repeat of the 2008 crash...
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Atlantic Yards’ Chinese investor pushed to speed up housing
From left: Greenland Group’s Zhang Xuliang, Atlantic Yards rendering (Credit: SHoP) and Bruce Ratner A Chinese developer that recently snapped up a majority stake in Atlantic Yards is feeling the wrath...
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Chetrit Group ramping up Williamsburg hotel hybrid
Rendering of 500 Metropolitan Avenue A 14-story combination hotel and apartment building is coming to Williamsburg’s Metropolitan Avenue, thanks to Meyer Chetrit of the Chetrit Group. The development...
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Q&A: From designing handbags to bagging deals
From left: Warburg’s Nicole Dreyfuss and handbag she designed Many New York sales agents have come to the business of real estate from a wide range of other professions. In an ongoing series,...
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Top residential agents of the week
From left: Kathy Sloane and 955 Fifth Avenue Price: $9,400,000 Listing broker: Kathy Sloane of Brown Harris Stevens Address: 955 Fifth Avenue From left: John Slattery, Kathy Slattery and 188 East 76th...
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Home offices getting an upscale makeover
A home office When executives telecommute, they do it in style, from homes offices complete with 300-bottle wine cellars, custom-built desks and interiors modeled after yachts. The home office is no...
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UES townhouse to ask $34M
18 East 74th Street A 21-foot-wide neo-Renaissance-style mansion on the Upper East Side is poised to hit the market asking $34 million. The 10,600-square-foot home, which is located at 18 East 74th...
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California developer turns billionaire in Toll buyout
From left: Nathan Shapell, Paul and Vera Guerin with performer Wynonna Judd (center), and Toll CEO Douglas Yearley Jr. A new real estate billionaire was crowned this week when Vera Guerin, the...
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Top stories
Top stories over the weekend on The Real Deal: 1. More NYC developers tap cheap EB-5 capital 2. Brokerage bosses talk agent screw-ups, low commissions 3. Brokers scramble for new designations in wake...
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Cushman’s interim CEO may stay on in position permanently
From left: Glenn Rufrano and Carlo Barel di Sant’Albano Cushman & Wakefield’s executive chairman Carlo Barel di Sant’Albano, who took over as interim CEO after Glenn Rufrano’s abrupt exit in June,...
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City offered union huge concession in Midtown rezoning talks
From left: Michael Bloomberg, Midtown East and Peter Ward of the Hotel Trades Council The Bloomberg administration offered the city’s powerful hotel workers’ union a major concession in the final days...
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Hudson Square to get $27M makeover, history of the Hotel Chelsea chronicled...
Hudson Square 1. Hudson Square to get $27 million makeover [DNAinfo] 2. History of the Hotel Chelsea chronicled in new book [NYDN] 3. Durst Organization’s 1 World Trade Center, by the numbers [Crain’s]...
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Rise of tech tenants changing office market
From left: Yahoo’s Marissa Mayer, Facebook’s Mark Zuckerberg and Seth Pinsky The rise of the technology and creative industries in the New York office market mean many of the tenants of tomorrow won’t...
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Developers rush for approvals as Bloomberg’s clock ticks down
From the November issue: As the clock ticks down on the Bloomberg years, developers with projects in the planning stages are pulling out all the stops to tick off as many steps in the approval process...
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La Guardia to get $37.5M to prep for next superstorm
Andrew Cuomo and LaGuardia Airport during Hurricane Sandy La Guardia Airport is set to receive $37.5 million in federal and state aid for storm-resiliency measures, Governor Andrew Cuomo said on...
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