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As housing starts slip, building permits rise
Nationwide housing starts slipped down 1.1 percent in July to a seasonally adjusted rate of 746,000 units, according to U.S. Department of Housing and Urban Development and U.S. Census Bureau tallies....
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Despite Buffett investments, housing recovery could be a ways off,...
Opining experts seem to agree that the housing market has bottomed and that consumers should probably get back to buying, especially with access to historically low interest rates. Billionaires and big...
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Artisanal boom creates demand for NYC factory, warehouse space
As smaller local purveyors of food and crafts proliferate in New York City, those businesses have developed a need for industrial space that can be difficult to find within the five boroughs, the Wall...
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HBO’s ‘Boardwalk Empire’ plans controlled explosion in Greenpoint
Greenpoint has recently been seen as a neighborhood where investors can get more bang for their buck. But a more literal bang will reportedly shake the trendy locale this evening. The HBO hit show...
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Citing noise, East End residents seek end to construction on Sundays
Sagaponack may be reinforcing the Sabbath. The East Hampton Star reported that village residents are fed up with construction in the area, with residents saying that work has led to a “degeneration of...
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Multi-family rentals props up housing market
U.S. employment figures remain wobbly and that is significantly shaping the housing market, according to the Wall Street Journal. Workers entering the job market face a lack of security and falling...
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On Weehawken waterfront, ground broken on five-building residential complex
Weehawken Mayor Richard Turner joined other local officials, as well as developer Lennar Urban to break ground this week on a 215,000-square-foot 74-unit condominium building on the Weehawken...
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Health care and housing: a taxing issue for sellers
From the August issue: When the Supreme Court upheld the health-care reform law on federal tax grounds, it restoked a housing issue that had been relatively quiet for the past year: The alleged 3.8...
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Prudential to begin work on new digs this fall, Ben Stiller lists home at a...
40 Willow PlaceBrooklyn townhouse at 40 Willow Place, the home with the highest assessed value in the borough, has sold for $7.3M. Prudential to begin work on new 20-story, $444M home this fall,...
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Wells Fargo launches banking group to serve residential developers
Wells Fargo has organized a team of 14 bankers to run its new Homebuilder Banking team, designed to serve residential developers on the East Coast, in Texas, and and in the Midwest. The team will...
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Decline in demand for design services slows
Demand for architect services, an indicator of future construction activity, was down in July, according to the American Institute of Architects’ monthly Architecture Billings Index. The index rose to...
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Vacant Coney Island landmark could get new life as a concert venue
A new future for the landmarked Childs Restaurant on Coney Island could be in the works. NY1 reported that city officials are in talks to convert the long-vacant property into an entertainment venue....
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Blackstone, Starwood turn to individuals for capital
Wealthy individuals are increasingly replacing institutional investors, scared off by memories of the real estate crash, as the source of capital for real estate funds, according to the Wall Street...
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High Line hyper-gentrification will eventually turn off New Yorkers, writer says
The real estate community has been one of the biggest beneficiaries of the High Line park since it was first conceived for West Chelsea seven years ago. At that time, the city rezoned the neighborhood...
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Extell sells interest in Midtown Hotel site
Gary Barnett, whose firm Extell Development is the company behind the most talked about condominium project in recent times, One57, is so busy selling units at his famed building that he’s liquidating...
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Did you know that The Real Deal is on Facebook? “Like” The Real Deal magazine here, and you’ll be sure to stay abreast of the latest real estate news. Our Facebook page features breaking industry...
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‘Power of Love’ singer sells San Remo spread
The secret to getting above-asking price on your Manhattan digs? It’s the power of love. American pop singer Jennifer Rush, who penned the saccharine ballad “The Power of Love” in 1984, has sold her...
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City Planning approves Seward Park redevelopment plan, Pat Kiernan gets...
A rendering of the Seward Park development projectCity Planning Commission votes unanimously to approve SPURA plan. MTA officials say yesterday's underground blast at Second Avenue Subway site was...
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At long last, Damon Dash’s Tribeca loft has sold
After a foreclosure and several failed sales, the former Tribeca residence of hip hop producer Damon Dash has sold for $7.25 million, according to public records spotted by Curbed. The buyer of the...
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Why parking lot development is critical to NYC’s sustainable future
Real estate developers who look at parking lots and see development potential rather than cars have the right idea, according to a study released today by Columbia University’s Center for Urban Real...
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