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Editor’s note: Real estate’s fuzzy math
Stuart Elliott From the February issue: Loss factor is one of the more maddening concepts in New York City real estate. It’s the measurement that office landlords use to figure out how much tenants pay...
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Yankees’ Carlos Beltran unloads LI pad on return to city
From left: Carlos Beltran and 70 Old House Lane Hot on the heels of signing a three-year, $45 million deal with the New York Yankees, former New York Mets outfielder Carlos Beltran is selling his home...
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Jumbo $130M River House home pulled off market
From left: John Burger, a rendering of the foyer at 435 East 52nd Street. and Kyle Blackmon The Residence at River House, which at $130 million is New York City’s priciest home listing, is being taken...
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Top 10 Kent Swig facts from NYT profile on struggling developer, Chinatown...
Celebration of the New Lunar Year in Chinatown 1. Top 10 Kent Swig facts from NYT profile on struggling developer [Curbed] 2. Chinatown ushers in the Year of the Horse: PHOTOS [Bowery Boogie] 3. Amish...
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TV Guide takes space in Bank of America’s 50 Rock
From left: TV Guide and 50 Rockefeller Plaza Bank of America is leasing its 14th-floor space at 50 Rockefeller Plaza to TV Guide. TV Guide has agreed to a seven-year deal, paying rent in the mid-$40s...
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Mystery seller wants $27.5M for “mansion in the sky”
Clockwise from left: interior of 535 West End Avenue, John Gomes, exterior, Frederik Eklund An undisclosed owner of a “high-floor unit” in an Extell tower on the Upper West Side is asking $27.5...
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Bond opening office at Feil’s 853 Broadway
From left: Noah Freedman, Bruno Ricciotti and 853 Broadway Residential brokerage Bond New York is expanding with a new office at the Feil Organization’s 853 Broadway in Union Square. The firm signed a...
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Hello Living’s latest outpost unveiled
Exterior design and floor plan for 2415 Albemarle Road (Credit:Hello Living) Design plans for the latest installment of Eli Karp’s Hello Living, the developer’s fifth on tap for Brooklyn, have been...
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750K owners — many landlords — tap federal heating program
New York City’s Home Energy Assistance Program, HEAP, began in the 1980s with the goal of helping low-income New Yorkers pay their heating bills. But these days, the main beneficiaries appear to be...
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Reed Krakoff sells UES home for $51M
From left: Reed Krakoff and 113-115 East 70th Street Fashion designer and former Coach executive director Reed Krakoff has unloaded his townhouse on the Upper East Side for a cool $51 million. The...
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Another sale in Harlem as two walk-ups go for $3M
121 West 120th Street and Ronda Rogovin A pair of walk-up rental buildings in Harlem changed hands for $3.3 million as the Upper Manhattan multi-family market heats up. The three-story, eight-unit...
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FiDi residential market on the rise post-Sandy: report
Courtesy Platinum Properties Despite the damage wrought by Hurricane Sandy in 2012, the Financial District is staging a comeback — at least as a destination for residential rentals, according to a...
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Mack-Cali REIT co-founder dies
John Cali One of the founders of New Jersey-based real estate investment trust Mack-Cali Realty Corporation died Saturday. John Cali, along with Edward Leshowitz and his brother Angelo, launched Cali...
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Affordable housing complex to replace Brooklyn psych ward
Rendering of CAMBA Gardens Phase II (Credit: Dattner Architects) A new affordable housing complex is slated to rise on the site of a former psychiatric ward in Crown Heights. Brooklyn-based nonprofit...
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HFZ files plans for long-delayed Bryant Park tower
From left: Rendering of 20 West 40th Street, parking lot at site (Photo credit: Google) and Ziel Feldman Ziel Feldman’s HFZ Capital Group filed plans last week for a Bryant Park mixed-use project where...
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Residential broker confidence wavers in Q4
Low volume sapped residential brokers’ confidence in the fourth quarter of 2013, while commercial brokers felt bullish, according to the Real Estate Board of New York’s latest Broker Confidence index....
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Fortis revises LICH plan, adds more affordable housing
339 Hicks Street and Fortis’ Joel Kestenbaum Developer Joel Kestenbaum’s Fortis Property Group has altered its plan for the Long Island College Hospital site in Cobble Hill, proposing extra affordable...
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NYC property investor wins Super Bowl bet — again
From left: Jona Rechnitz and Seattle coach and player react to a play When Jona Rechnitz isn’t leading his Manhattan-based real estate investment firm JSR Capital, he’s placing bets on Super Bowl plays...
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KIND Snacks picks up Walmart sublet at 1372 Broadway
From left: Walmart store, 1372 Broadway and KIND snacks Healthy food purveyor KIND Snacks has inked a sublease for more than 37,000 square feet of space from Walmart at Starwood Capital Group’s 1372...
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Ugo Colombo’s firm hires Vanessa Grout
Vanessa Grout From the South Florida site: Developer Ugo Colombo has hired former Douglas Elliman Florida CEO Vanessa Grout to oversee sales and marketing for his projects. Grout is the new president...
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