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Louis Vuitton parent takes 26,000 sf at 130 Fifth: sources
From left: A model showcasing a Louis Vuitton collection, 130 Fifth Avenue and Olnick’s Bruce Simon Time to pop the bubbly. LVMH Moët Hennessy, the French conglomerate behind haute brands such as...
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Sam Zell, David Helfand named potential nominees to replace CommonWealth REIT...
Sam Zell Investors looking to overthrow the board of U.S. office landlord CommonWealth REIT, a real estate investment trust, have added billionaire Sam Zell to the list of nominees who could replace...
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TRD announces New Development Showcase
New development in New York has never been hotter, with condo projects on the rise all around the city. The Real Deal magazine and Luxury Listings NYC will hold a New Development Showcase to highlight...
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Goldman-backed loan fund to help small NYC contractors
The Department of Small Businesses will soon open applications for a new $3.5 million loan fund that will help small contractors find short-term financing for big construction jobs. The fund is a...
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Long-delayed Dock Street project rises in Dumbo
Rendering of Two Trees’ Dock Street development in Dumbo Work is finally underway at Two Trees’ Dock Street Dumbo project, which will ultimately have 300 residential rentals and rise 17 stories. The...
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Police Academy vacates longtime Gramercy Park space
235 East 20th Street The New York City Police Department’s Police Academy, a longtime resident of Gramercy Park will have to return its key. After years of planning the Police Academy will move from...
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Fannie and Freddie will likely keep $130B in profit from 2013
The legal tug-of-war over the more than $130 billion that mortgage giants Fannie Mae and Freddie Mac made last year, all of which was handed over to the Treasury Department, is looking grim for the...
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Brooklyn’s affordable hold outs
From left: Listings at 25 Crown St. in Crown Heights, 567 39th St. in Sunset Park and 68 Garden St. in Bushwick The cost of living in Brooklyn may be going through the roof, but there are still...
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Standard Hotel could go for $1.2M per room
From left: Steve Kantor and the Standard Hotel The Standard Hotel in the Meatpacking district could sell for more than $400 million, or around $1.2 million per room — the highest price for a hotel...
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Fund giants BlackRock, Pimco mull suit against Ocwen
From left: Ocwen’s Ronald Faris, BlackRock’s Laurence Fink and Pimco’s Mohamed El-Erian In an abrupt change, BlackRock and Pimco are contemplating filing suit against Ocwen Financial for improperly...
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Rupert Murdoch deeds his share of Fifth Avenue pad to ex-wife
Rupert Murdoch, Wendi Deng and 834 Fifth Avenue Wendi Deng, the ex-wife of billionaire publishing mogul Rupert Murdoch, has taken title to the couple’s former penthouse on Fifth Avenue following their...
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Sandy Weill maid’s quarters at 15 CPW up for sale — at $5.6M
From left: Sandy Weill and 15 Central Park West Former Citigroup chairman Sandy Weill is out to top his $88 million payday from the sale of his 15 Central Park West penthouse. He is now unloading his...
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Bawabeh sells 428K-square-foot Brooklyn site for $40M
Ofer Cohen and 830 Fountain Avenue Brooklyn-based developer Bawabeh Realty Holdings sold a 428,550-square-foot vacant parcel near the Gateway Center for $40 million after scrapping plans to build a...
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Israel’s attorney general to indict Rabbi Pinto: report
Rabbi Yoshiyahu Pinto Embattled New York City real estate advisor Rabbi Yoshiyahu Pinto will be indicted by Attorney General of Israel Yehuda Weinstein for attempting to bribe an Israeli police officer...
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Priciest Palm Beach sale so far this year closes for $29M
445 Antigua Lane From the South Florida site: A waterfront mansion in the town of Palm Beach has traded for nearly $29 million in Palm Beach County’s most expensive residential sale of 2014, The Real...
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Elliman to add sales firepower to 432 Park
From left: Susan de Franca, a rendering of 432 Park Avenue (Credit: DBOX for CIM Group & Macklowe Properties) and Harry Macklowe Macklowe Properties and CIM Group have officially brought Douglas...
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Vote on Methodist Hospital expansion delayed
Latest rendering of New York Methodist Hospital at 506 6th Street in Park Slope. The vote on whether to grant a zoning variance, which would allow for the expansion of New York Methodist Hospital in...
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Union, Manhattan beep to rally outside TF Cornerstone
From left: TF Cornerstone’s Frederick Elghanayan, Manhattan borough president Gale Brewer and council majority leader Jimmy Van Bramer Building workers’ union 32BJ SEIU, long at odds with developer TF...
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Manhattan’s 10 biggest apartments currently on the market
From left: 60 Warren Street, 66 East 11th Street quadplex’s screening room and 15 Park Row’s Cupolas Penthouse Life on a tiny island inhabited by more than 1.6 million doesn’t have to mean sacrificing...
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Cuomo proposes $100M for affordable housing, federal lending rules tighten …...
Gov. Andrew Cuomo From the February issue: In this month’s roundup of government-related real estate news, TRD takes a look at Governor Andrew Cuomo’s State of the State address, in which he announced...
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