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The March issue is live!
Outer borough no longer. Brooklyn is booming, and in our March edition of The Real Deal, which is available online today, reporter Katherine Clarke looks into 100 major construction projects in the...
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18 Gramercy Park half sold, China’s ghostly real estate developments … and more
Governors Island building demolition (source Governor’s Island Blog) 1. Half the units at the Zeckendorfs’ 18 Gramercy Park are in contract [Press Release] 2. An auction bid for a condo at Bridge Tower...
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CityRealty launches “Dow Jones for apartments”
A screenshot of the revamped website CityRealty, the online real estate listings site, today launched a revamped website that includes a ranking that monitors the top performing “blue chip” condominium...
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Crown Heights reclaiming lost territory
Crown Heights A stretch of Central Brooklyn between Atlantic Avenue and Eastern Parkway has been masquerading as Prospect Heights, when in reality it lies inside the border of Crown Heights, causing...
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Top stories
Top stories yesterday on The Real Deal: 1. Court backs Extell in forced sale of Ring building 2. Two Trees unveils details of Domino Sugar Factory redevelopment plan 3. Chetrit to buy 1.5-acre Gramercy...
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Brooklyn Chamber of Commerce shifts shop, mayor remains hopeful about MLS...
Arverne by the Sea 1. Brooklyn Chamber of Commerce shifts shop to Brooklyn Renaissance Plaza [NYO] 2. Owner of Aqueduct casino to build massive gaming development in Sin City [Crain’s] 3. Mayor says he...
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Urban Outfitters, Anthropologie to ink W’burg deals
242 Bedford Avenue (credit: PropertyShark) In a nod to the area’s growing cachet as a shopping destination, trendy retailer Urban Outfitters and its sister company Anthropologie are in advanced talks...
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Toll Brothers luxury Park Avenue condo project hurting neighboring co-op prices
From left: 1108 and 1110 Park Avenue The construction of Toll Brothers’ white-glove condo building on Park Avenue is causing severe losses of light and views at a neighboring co-op and bringing the...
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Accounting firm inks 150K SF deal at SL Green-owned 750 Third Avenue
750 Third Avenue Accounting giant EisnerAmper has inked a lease renewal and expansion deal at Midtown East’s 750 Third Avenue, the New York Observer reported. The eight-year lease renews the firm’s...
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Live below Seinfeld for $24M
From left: Jerry Seinfeld, The Beresford and Carol Levy One of the original duplexes at the storied Beresford building on the Upper West Side has come on the market for an asking price of $24 million,...
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The leasing game: A first-ever ranking of firms by their Manhattan office...
From the March issue: This is the second installment of reporter Adam Pincus’ five-part online and print series examining the top moneymakers of commercial brokerage in 2012. In the cutthroat world of...
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Fannie and Freddie to form new company
Edward DeMarco The government-backed mortgage giants Fannie Mae and Freddie Mac are abandoning their separate systems for securitizing home loans and are forming a joint company that could be up and...
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Bronx community groups take FreshDirect to court over move
Fresh Direct’s current LIC headquarters After months of protesting FreshDirect’s move to the Bronx, a coalition of residents and community groups is suing New York City officials for systematically...
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Baccarat New York officially launches sales
The Baccarat (source: Curbed) Sales officially kicked off today at the new Baccarat Hotel & Residences New York, at 53rd Street and Fifth Avenue, developers Starwood Capital Group and Tribeca...
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CORE names new Chelsea sales chief in advance of UES office opening
Ryan Fitzpatrick It may still be a month away, but boutique brokerage CORE has announced a reshuffling of personnel in advance of the opening of its new Upper East Side office next month. CORE senior...
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NYC-area home prices leap 11% from January 2012
U.S. home prices jumped nearly 10 percent in January from the same moth the previous year and New York City properties grew at even a slightly higher rate, according to a CoreLogic report released...
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Cohen goes solo to market 130K sf of Midtown retail
135 East 57th Street and Charles Cohen Landlord Charles Cohen, the owner of 135 East 57th Street, has decided to market two large retail spaces at the Midtown office tower himself, rather than turn to...
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Two Trees’ Domino plan draws praise, criticism
Vishaan Chakrabarti of SHoP and a rendering of the Domino Sugar Factory site (Photo c/o SHoP Architects and James Corner Field Operations) Now that the public has had a chance to gawk at Two Trees...
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Vornado to unload huge chunk of JC Penney stock
Steven Roth Steven Roth, the chairman of Vornado Realty Trust, is selling off 40 percent of the real estate investment trust’s stake in struggling retailer JC Penney, amounting to some 10 million...
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Conde to nab more space downtown—not at WTC
From left: Mary Ann Tighe, David Levinson and 222 Broadway Conde Nast is already expanding its downtown footprint before making the move to 1 World Trade Center. The publisher is now in negotiations to...
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