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Upper West Side’s stability lures investors
The Tudor-style properties on the Upper West Side’s Pomander Walk. Investors are betting on the Upper West Side, despite its low capitalization rates and lack of cachet as a trendy neighborhood, the...
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Co-op and condo board members increasingly wary of personal legal liability
The Dakota From the March issue: Convincing busy Manhattanites to serve on their co-op or condominium boards has always been somewhat of a hard sell. Indeed, acting as a board member has long been a...
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Builders, insurers wage war on NYC’s scaffold law
Scaffolding Builders and insurers alike are calling for an end to a 19th century New York State statute that keeps construction insurance premiums at roughly double the cost of those in nearby states,...
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Japan’s Toyo Ito wins Pritzker Prize
From left: Ito’s Tod building in Tokyo, Ito Toyo and the Suites Avenue Aparthotel in Barcelona Architecture’s prestigious Pritzker Prize has been awarded to Japanese architect Toyo Ito, the prize...
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Alchemy reveals its 35 XV designs
Construction at 35 West 15th Street and a new rendering of 35 XV Alchemy Properties has unveiled the first renderings of 35 XV, its new FX FOWLE-designed condominium development at 35 West 15th Street,...
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Builders’ confidence falls amid lack of land
Confidence among U.S. builders is down for the second consecutive month, as a shortage of construction sites plagues the industry, the Wall Street Journal reported, citing figures from the National...
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U.S. Supreme Court won’t hear Goldman Sachs mortgage case appeal
From left: Goldman Sachs CEO Lloyd Blankfein and the U.S. Supreme Court in Washington, D.C. The U.S. Supreme Court has refused to consider an appeal from Goldman Sachs in a class action lawsuit over...
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Fulton St. building sustains two fires in two days
140 Fulton Street at center (Source: Google) A five-story commercial property located Downtown erupted in flames twice in the past two days, the New York Daily News reported. A three-alarm fire tore...
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Lower Manhattan, LIC community boards wade into Midtown East rezoning fracas
Midtown East Community boards in the Financial District and Long Island City could be the latest additions to the fight over rezoning Midtown East, DNAinfo reported. Lower Manhattan’s Community Board 1...
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Witkoff’s 10 Madison Square West to launch sales this spring: PHOTOS
10 Madison Square West UPDATED, 4:57 p.m., Mar. 18: The former Toy Building, at 10 Madison Square West in the Flatiron District, has unveiled a teaser website and building signage in anticipation of an...
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NYCHA’s Rhea defends luxury development plan to state lawmakers
Linda Rosenthal and John Rhea New York City Housing Authority Chairman John Rhea told state lawmakers that “every penny” of funds raised from the agency’s controversial plan to allow market-rate...
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A Cobble Hill rental grows in Brooklyn
267 Pacific Street A new Cobble Hill rental property at 267 Pacific Street is on track for an April 2014 opening, Brownstoner reported. The building will have a total of 60 units. As The Real Deal...
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Historic Front Street return date postponed again
Historic Front Street Residents of Historic Front Street in Lower Manhattan will have to wait until May 31 to return home following Hurricane Sandy, Curbed reported. Moreover, the scheduled return...
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High Line copycats
[caption id="attachment_234996" align="alignright" width="300"] The High Line[/caption] From the March issue: High Line history: In 1999, the Friends of the High Line began lobbying to redevelop 1.45...
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Schneiderman seeks ouster of FHFA’s DeMarco, Alicia Keys uses crane to move...
A duplicate of Ito’s former Tokyo home, Silver Hut (Image c/o Iwan Baan/Detail Daily) 1. Schneiderman leads AGs in calling for ouster of FHFA’s Edward DeMarco [Housing Wire] 2. Alicia Keys used a crane...
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Shiller says another housing boom unlikely: VIDEO
Robert Shiller (Source: Yahoo screenshot) Home sales and prices may be on the rise across the country, but housing guru Robert Shiller is not convinced that another bubble is on its way, Yahoo...
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Work resumes at 432 Park Avenue following accident
From left: the injured construction worker, 432 Park Avenue last week (second image courtesy NY YIMBY) and Harry Macklowe Work has resumed at 432 Park Avenue, the site of Harry Macklowe and CIM Group’s...
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Top stories
Top stories yesterday on The Real Deal: 1. Witkoff’s 10 Madison Square West to launch sales this spring: PHOTOS 2. Emperors-in-waiting: Richard LeFrak grooming sons to take over empire 3. Upper West...
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Toxic engine oil used to heat buildings, Cupid strikes at Love Lane Mews …...
A home in Bedford Hills, NY (Image c/o Rich Caplan/Architectural Digest) 1. Toxic engine oil used to heat buildings, new lawsuit alleges [Crain’s] 2. Opponents of South Street Seaport redevelopment to...
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Lofty aspirations for 7 Bryant Park
A rendering of 7 Bryant Park In the case of 7 Bryant Park, the new office tower by Hines, there’s a ring of truth in the expression: “Prices are going through the roof.” Hines, according to the New...
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