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What slump? Office leasing rates in Midtown shoot up
Manhattan office availability Office leasing in Midtown rebounded in February, as employment growth, which surpassed the 2007 pre-recession peak, drove demand and pushed up asking rents, according to...
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Top stories
The most-popular articles yesterday on The Real Deal: 1. In wake of Town settlement, two top-grossing brokers jump to Elliman 2. Heiberger, Sitt reach settlement in Town legal battle 3. Gimme shelter:...
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Crown Heights residents rally against displacement
1059 Union Street The Crown Heights Tenant Union, a group of tenants from about 12 buildings in the neighborhood, recently protested outside of 1059 Union Street in a rally against landlords who evict...
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Ex-NYPD commish to head up security for Cushman
Raymond Kelly Former New York Police Department Commissioner Raymond Kelly is breaking into real estate with a new role as president of risk management services at commercial brokerage Cushman &...
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Modern art dealer’s crazy-quilt Time Warner Center condo lists, $1M gets you...
25 Columbus Circle, unit 66A 1. CEO of Bitcoin exchange found dead in apparent suicide [NYP] 2. Color-soaked Time Warner Center condominium asks $17 million [Curbed] 3. $1 million in NYC gets you 419...
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Soho condo nets nearly $5M in flip
102 Prince and Oren and Tal Alexander A Soho condominium unit sold for $13.8 million, nearly $5 million more than it was purchased for last year. The sale sets a record as the priciest one for a...
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Real estate’s rising stars
From left: Melissa DiBella, Nick Romito, Drew Popkin and Jason Meister From the March issue: It takes time to earn your chops in New York real estate. The learning curve is steep, and the market...
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Eastbound and up: HBO chief rents condo at 737 Park Avenue
From left: Richard Plepler, Adrian Gore and 737 Park Avenue Richard Plepler, CEO of HBO, signed a lease to rent a 2,915-square-foot condominium at Macklowe Properties’ 737 Park Avenue for $40,000 a...
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City with the priciest “nosebleed” office tower rents? Not NYC
Langham Place (center) in Hong Kong Hong Kong tops New York City when it comes to office leasing in towers, as investors are open to paying twice the price for equivalent space in the former, according...
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Carlton Group hires former Kushner exec
Kevin Swill From the March issue: Midtown-based real estate investment banking firm the Carlton Group tapped Kevin Swill, the former president of a financing arm of the Kushner Companies, to serve as...
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Jets’ Mark Sanchez eyes $4.2M Tribeca loft: source
Mark Sanchez and the apartment at 84 Thomas Street Despite rumors that he won’t be with the New York Jets the coming season, quarterback Mark Sanchez was spotted checking out a $4.2 million apartment...
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One World Trade Center views, starchitect Frank Lloyd Wright’s grandson’s new...
Manhattan, as seen from the top of One World Trade Center (Credit: TIME Magazine) 1. View from the top of One World Trade Center [Time] 2. Would starchitect Frank Lloyd Wright dig his grandson’s new...
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“Rent is too damn high ’cause the laws are too damn stupid”
Stephen Meister and the Cornell Club at 6 East 44th Street New York City’s archaic rent-stabilization and rent-control laws — along with aggressive creation of historic districts and property-taxes...
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Insurance commissioners ink 1 New York Plaza lease
1 New York Plaza Hot on the heels of Revlon’s 15-year, 90,000-square-foot lease at 1 New York Plaza, the National Association of Insurance Commissioners is relocating its Capital Markets and Investment...
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$225M mixed-use project coming to Downtown Jamaica
Jamaica’s AirTrain station In the latest in a series of projects aiming to revive Downtown Jamaica, a mixed-use high-rise is slated to sprout next to the area’s AirTrain station. City officials...
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City officials oppose closure of Park Slope senior home
1 Prospect Park West, Brooklyn Elected officials in Brooklyn are steamed over the possibility that a home for seniors in Park Slope could soon be shuttered and converted into a condominium. Councilman...
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Nest Seekers Zanuck kicks off Beverly Hills office opening
From left: Ryan Serhant and the opening party crowd at 271 Canon Drive Manhattan-based brokerage Nest Seekers kicked off the opening of the firm’s first California office in Beverly Hills Wednesday...
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Developer MedDev pitches LICH plan
Long Island College Hospital at 339 Hicks Street in Cobble Hill Development firm MedDev, which counts the State University of New York among its clients, is throwing a hat in the Long Island College...
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Leasing to start soon on once-holy ground in Williamsburg
Rendering for 281 Union Avenue A new rental building in East Williamsburg, located where a neighborhood church one stood, will bring 33 units to the market this spring. The MDIM-designed, cross-shaped...
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Scholastic closes on $255M Soho HQ buy
From left: 555 Broadway and a Scholastic truck Book publishing company Scholastic has closed on its purchase of its U.S. headquarters at 555 Broadway for $255 million, according to public records filed...
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