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Top stories
Top stories yesterday on The Real Deal: 1. Three Manhattanites seek Sandy-related damages from landlords across New York 2. SL Green pays $122M for Soho retail 3. LIC developer allegedly swindled...
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Ed Koch, three-term mayor dies at 88, USPS looks to sell 175K SF Bronx...
[caption id="attachment_227259" align="aligncenter" width="578"] Bronx General Post Office[/caption]Ed Koch, three-term mayor, dies at 88. USPS looks to sell 175K SF Bronx General Post Office. 733 Park...
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Land Use Committee gives nod to Durst Fetner’s West 57th Street project
[caption id="attachment_219824" align="aligncenter" width="575"] A rendering of 625 West 57th Street[/caption] The City Council's Land Use Committee approved Durst Fetner Residential’s development at...
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Three-acre sports complex heads to Coney Island
A trio of Russian entrepreneurs is redeveloping a three-acre sports complex — slated to be the largest in Brooklyn — in the Coney Island section of Brooklyn, one of the developers told The Real Deal....
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Acadia responds to criticism of City Point
[caption id="attachment_225161" align="alignright" width="300"] A rendering of the second phase of the City Point development[/caption] Acadia Realty Trust defended its stance on hiring nonunion...
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Midtown South building trades for $57.5M
[caption id="attachment_227289" align="aligncenter" width="578"] From left: Stephen Meringoff, 158 West 27th Street and Leslie Himmel[/caption] Two real estate investors who picked up a...
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Battling skyscrapers on 57th Street
From the February issue: With its birds-eye views of Central Park, Extell Development’s One57 is setting new records for residential sale prices in the city. But Extell isn’t the only developer...
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Kushner buys $130M portfolio of EV rental buildings
UPDATED, 2:56 p.m., Feb. 1: A joint venture between Jared Kushner and an unnamed international investor has closed on a portfolio of 17 walk-up apartment buildings in Downtown Manhattan for a total of...
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Developers, unions band together for greater Midtown East development
A group of developers has formed an unlikely alliance with labor and construction unions in an effort to expand the Bloomberg Administration’s proposed rules for allowing taller structures in Midtown...
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Chetrit, Bistricer pay $180M for Flatotel
Joseph Chetrit and David Bistricer have closed on the 46-story, 289-room Flatotel property at 135 West 52nd Street for $180 million, Crain’s reported. A conversion into high-end residential...
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Brooklyn investment sales jump 50% over 2011
Strengthening economic fundamentals and buzz surrounding major developments such as the Barclays Center and City Point have served as a boon for the Brooklyn investment sales market, according to a...
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Price relief for Midtown South?
From the February issue: The recent sale of a hulking, three-block-long office building straddling the border of Soho and the Meatpacking District may provide relief to tenants priced out of the...
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City Spire penthouse yanked from market, Brookfield “finalizing” 1.5M sf of...
Burst water main flooding near Madison Square Park (source: CBS2 Twitter account) The $100 million City Spire penthouse is no longer on the market, but it’s unclear why. Brookfield Office Properties...
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Alex Hotel in Midtown East sells for $115M
The 203-room Alex Hotel, located at 205 East 45th Street, has sold to an affiliate of the Wyndham Hotel Group for $115 million, The Real Deal has learned. The sale comes on the heels of the $180...
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Brown Harris Stevens’ MacRae Parker dies at 90
[caption id="attachment_227500" align="alignright" width="184"] MacRae Parker[/caption] MacRae Parker, a 50-plus year stalwart of Brown Harris Stevens, died today at his home in New York. He was 90....
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100 years of Grand Central Terminal: PHOTOS
Commuters throng through Grand Central Terminal at rush hour Grand Central Terminal, an icon that is as quintessentially New York as the Statue of Liberty and the Empire State Building, celebrated its...
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Retirement accounts increasingly used to invest in real estate
Self-directed IRAs are increasingly being used to buy real estate as an investment, the Wall Street Journal reported, affording the retired higher returns than the traditional investments, such as...
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Plot thickens in BofA mortgage practices settlement
A proposed $8.5 billion deal by Bank of America to settle claims of mortgage abuses by Countrywide Financial, which the bank bought in 2008, is in jeopardy as a new lawsuit alleges that those abuses...
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Daily News signs short-term lease post-Sandy
The New York Daily News will be returning to Manhattan in the wake of Hurricane Sandy, though not to its 4 New York Plaza digs quite yet, Crain’s reported. The paper, which is owned by Mort Zuckerman,...
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