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Chetrit to raze Hudson Yards development site
The West 37th Street sites and Joseph Chetrit The Department of Buildings has approved the demolition of four commercial properties on a prospective development site near the Related Companies’ Hudson...
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Coming soon: The March/April issue of Luxury Listings NYC
Readers interested in Manhattan’s glitziest and most exclusive properties should check out Luxury Listings NYC, The Real Deal’s sister publication. In our upcoming March/April issue, we take a look at...
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With new direction, Urban Compass adds second NYC office
From left: Robert Reffkin, Ori Allon and 19 Union Square West Tech-centric residential brokerage Urban Compass has outgrown its current space at 155 Avenue of the Americas and is adding...
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Top stories
Top stories yesterday on The Real Deal: 1. Details emerge in shooting of Gary Melius 2. Long Island developer Gary Melius shot at Oheka Castle 3. Warren Buffett reveals his No.1 rule for property...
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Canadian pension fund unit to buy 450 Park Avenue
450 Park Avenue and Keith Rubenstein (Credit: Haute Living) Canadian investment firm Oxford Properties Group, a division of the Ontario Municipal Employees Retirement System, is under contract to...
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Heftier premiums coming for terrorism insurance?
Doug Elliot and Elizabeth Warren U.S. Senator Elizabeth Warren of Massachusetts referred to the terrorism insurance program — on which New York City’s commercial real estate market depends – as a...
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Coldwell Banker to air ad during Oscars: VIDEO
New Jersey-based brokerage Coldwell Banker Real Estate is planning to air the fourth installment of its 2014 advertising campaign, “Your Home,” during the upcoming Oscars, on March 2. The 60-second...
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US home sales rise most in five years
Home sales in the U.S. increased by 16 percent in 2013, as 428,000 houses were purchased. That’s the largest hike in five years, according to data from the Commerce Department. In addition, homes sales...
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Clock ticking down on loft law
From left: Lofts at 99 Gold Street, 55 Berry Street and 199 Lafayette Street Tenants residing in illegally converted commercial buildings have only a few weeks left before changes to the so-called loft...
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5 top tastemakers in Miami and NYC today: PHOTOS
[caption id="attachment_343278" align="aligncenter" width="570"] From left: Laurinda Spear and the Westin Times Square[/caption] Often trends in real estate are driven by architects and developers who...
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Taconic lists Midtown West office property for $160M
619 West 54th Street Taconic Investment Partners has listed its 300,000-square-foot office building at 619 West 54th Street for $160 million. Taconic purchased the 10-story property, located in an...
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Another condo at 737 Park bought, this time for $12M
From left: Corcoran CEO Pamela Liebman, 737 Park Avenue and Harry Macklowe Finance executive Glen Tobias and his wife Lynn Tobias have paid $12.1 million for a 15th-floor unit at Harry Macklowe’s 737...
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In their words: The funniest and most insightful comments
Donald Trump and Michael Kimmelman From the February issue: In this month’s in their words roundup, we hear from archicritic Michael Kimmelman on how the soaring One57 development is a prime example of...
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Spike Lee rails against New York’s gentrifiers
Spike Lee Film director and lifelong Knicks fan Spike Lee spouted off Tuesday night against gentrification in his native Fort Greene and other parts of Brooklyn. Asked what he thought of two recent...
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Activists push New York Methodist Hospital to acquire LICH
Rendering of NY Methodist’s proposed addition to LICH If Long Island College Hospital activists get their way, New York Methodist Hospital will acquire the beleaguered medical center in its entirety...
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JPMorgan Chase said to eye employee move to Brooklyn
From left: 3 MetroTech Center and 4 MetroTech Center JPMorgan Chase is rumored to be planning the relocation of 2,000 employees to its Brooklyn MetroTech office by the end of 2014. The majority of the...
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74 percent of NYC’s roads need fixing: report, Toll Brothers rakes in $44...
Rendering of Toll Brother’s Pierhouse in Brooklyn Bridge Park 1. Toll Brothers rakes in $44 million on first batch of units at Brooklyn Bridge Park’s Pierhouse [Brownstoner] 2. 74 percent of NYC’s...
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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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Joe Sitt: New York market “hot hot hot”: VIDEO
The New York market is fetching record prices and inventory is hitting an all-time low, Joe Sitt said on Bloomberg’s Street Smart Tuesday. His brokerage Town Residential, where chairman Sitt is...
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Modern Bank heading to Boston Properties’ 250 West 55th
Peter Turchin and 250 West 55th Street Boutique financial service provider Modern Bank has inked a deal for nearly 15,000 square feet at Boston Properties’ 250 West 55th Street. The bank is relocating...
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