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Cold weather chills U.S. home sales in December
U.S. home sales dropped beneath analysts’ expectations in December, as the winter freeze slowed down market activity. Home purchases in December dropped seven percent year-over-year to 414,000,...
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Zara to launch FiDi outpost
Rendering of the newly revamped Fulton Transit Center and Zara’s 666 Fifth Avenue outpost Spanish fashion chain Zara has inked a deal for a tri-level space on the corner across from a newly revamped...
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Snark tank: Gawker expands at Nolita’s 210 Elizabeth Street
Nick Denton and 210 Elizabeth Street (Credit: PropertyShark) Gawker Media is expanding its offices at Nolita’s 210 Elizabeth Street. Gawker currently occupies the third and fourth floors of the...
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Chef Andrew Carmellini to open new eatery at 325 Bowery, Queens’ Kew Gardens...
325 Bowery (Credit: Bowery Boogie) 1. Michelin-starred chef Andrew Carmellini to open new eatery at 325 Bowery [NYP] 2. Queens’ Kew Gardens Hills becomes nabe of choice for Orthodox Jewish community...
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NYC hedge funds make a beeline for Miami’s Palm Beach
Al Rabil and Kelly Smallridge From the South Florida site: The changing tax laws are expected to help drive up the number of private equity funds, hedge funds and other Wall Streeters fleeing New York...
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Building and baseball in McCourt’s blood
Frank McCourt Former L.A. Dodger’s owner and developer Frank McCourt family legacy included two things: building and baseball. His grandfather was an owner of the Boston Braves, while his great...
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Cushman’s Matthew Stacom dies at 95
Matthew Stacom Matthew Stacom, a longtime top broker at Cushman & Wakefield and father to reigning real estate queens Darcy and Tara Stacom, died over the weekend. He was 95. “His leadership at the...
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Silverstein makes huge bet on China free trade zone
Larry Silverstein and Downtown Shenzhen Silverstein Properties, behind the original World Trade Center sites and 3 WTC and 4 WTC, has invested $2.21 billion into a China free trade zone that would...
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Interfaith Medical Center gets $7.5M lifeline
1545 Atlantic Avenue in Brooklyn The U.S. Bankruptcy Court signed off yesterday on $7.5 million in state aid for the financially strapped Interfaith Medical Center in Bedford-Stuyvesant. The funds —...
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Harlem rental conversion 50% leased in just three weeks
Justin Gorjian and 220 Saint Nicholas Avenue in Harlem (Credit: Roy Plamo) The condo-turned-rental building at 220 Saint Nicholas Avenue in central Harlem is halfway leased after three weeks, according...
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Line held at Centurion as triplex relisted for $39M: PHOTOS
UPDATED, 3:32 p.m., Jan. 28: A trio of top-floor penthouses in the Centurion returned to the market today after a brief hiatus, holding steady with the $39 million price tag the combo-unit has held...
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Rentals in demand: Financial District studios
The Financial District was both the most in-demand Manhattan neighborhood for studio searches and for overall rental apartment searches throughout the borough last week, according to Zumper, an...
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SAP unit inks renewal in Brookfield’s Grace Building
From left: JLL’s Alexander Chudnoff, Scott Vinett and 1114 Sixth Avenue A subsidiary of enterprise software giant SAP has signed a short-term renewal deal for its 32nd-floor space in the Grace...
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Billy Joel’s former Excelsior co-op asks $1.5M
Billy Joel and his former co-op at 303 East 57th Street A two-bedroom co-op at the Excelsior owned by Billy Joel in the 1980s just hit the market for $1.5 million. The 1,800-square-foot unit at 303...
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Super Bowl hero Plaxico Burress takes $2M hit in short sale
2249 Northeast 26th Street and Plaxico Burress From the South Florida site: Former Super Bowl hero Plaxico Burress took a $2 million loss on the short sale of his Lighthouse Point home, The Real Deal...
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Alchemy Properties unveils Woolworth Building condo teaser
From left: 233 Broadway and a screenshot from the Woolworth Tower Residences’ teaser site The top 30 floors of New York City’s iconic Woolworth Building are to be turned into condominiums. And on...
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Leasing begins at the Icon 52 in Queens
From left: Modern Spaces’ Eric Benaim and 52-05 Queens Boulevard A Queens luxury rental project known as the Icon 52 has started leasing its 66 units. Apartments at 52-05 Queens Boulevard in Woodside...
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Saparn Realty VP arrested, charged with grand larceny
Alan Gorelick (inset) and 2475 West 16 Street Brooklyn Saparn Realty executive Alan Gorelick has been arrested and charged with funneling over $600,000 from Harway Terrace — a building complex he...
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NYC foreclosure auctions rise for first time since recession
The number of scheduled foreclosure auctions for residential homes, condominiums and cooperatives rose last year in the city for the first time since the Great Recession, new figures from PropertyShark...
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Halstead nabs star Bed-Stuy team
From left: Evans & Nye Bed-Stuy listings at 364 Jefferson Ave., 410 Macon St. and 732 Macon St. Real estate brokerage Evans & Nye’s record-setting Bedford-Stuyvesant team has left the firm and...
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