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Category Archives: RE News

“Law & Order” star Mariska Hargitay’s colorful UWS townhouse hits the market

“Law & Order: Special Victims Unit” star Mariska Hargitay might be parting ways with her Upper West Side townhouse. Hargitay and her husband Peter Hermann listed the house at 45 West 84th Street for $10.75 million, the Wall Street Journal reported. The couple bought the property for $10.7 million in 2012. The listing agents are Corcoran’s Robby Browne, Chris Kann, Jennifer Ireland, and Stribling’s Alexa Lambert. The colorful townhouse spans roughly 7,000 square feet across […]

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Not in my backyard: Tishman blocks SL Green from taking over Carlyle Group’s lease at 520 Madison

Hell hath no fury like a New York City office landlord scorned. As part of its deal to bring the Carlyle Group to One Vanderbilt, SL Green Realty agreed to take over the remaining term on the private equity group’s lease at Tishman Speyer’s 520 Madison Avenue. But Tishman Speyer, uneasy with having to possibly compete with another landlord in its own building, is refusing to allow Carlyle Group to hand over the keys. “[SL […]

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What it’s like to be a foot soldier on a “top agent” team

“I call Jordan our flight control tower. He is the oil in our machine. On top of that, he mans the calendars, phones, emails and, yes, he will be the one you meet if you knock on the door to my office,” Douglas Elliman’s Fredrik Eklund wrote in his 2016 book “The Sell.” Referring to longtime assistant Jordan Shea, the reality TV star added: “Your goal is to get on his good side, and therefore […]

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Sutton, Sitt score $305M refi for 530 Broadway

Jeff Sutton’s Wharton Properties and Joseph Sitt’s Thor Equities have nabbed a $305 million floating-rate loan on 530-536 Broadway, a trio of 11-story office and retail properties in Soho. The refinancing was issued by Morgan Stanley, according to JLL’s Aaron Appel, who arranged the debt deal on behalf of the Thor and Wharton alongside colleagues Michael Diaz, David Sitt and Eliott Zeitourne. The loan, whose rate is tied to LIBOR, is for three years with […]

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TRD publisher Amir Korangy wants to take you on a bike ride–tomorrow!

It’s a bird… It’s a plane… It’s The Real Deal publisher Amir Korangy on a bike — and he’s taking the first several people who sign up for a digital subscription on a bike tour of new development on the High Line! Register now  using the code BIKETOUR and join Amir and others in the industry on Thursday, Oct. 18 at 12 p.m. for a leisurely look at all the new projects popping up in the […]

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Homebuilders across the US feeling more confident about future: report

American homebuilders are feeling more confident amid a rise in consumer demand and a drop in lumber prices. The recent boost follows months of declining sentiment among homebuilders nationwide, according to a report by the National Association of Homebuilders and Wells Fargo. It was first reported by Bloomberg. The more positive feeling is in line with a rising six-month home sales outlook along with a jump in prospective buyer traffic. Improving market momentum could be […]

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Wall Street spin doctor relocating on Third Avenue

One of Wall Street’s top crisis public relations shops is expanding to 65,000 square feet as it relocates its offices on Third Avenue. Financial communications firm Sard Verbinnen & Co. signed a lease covering the full 31st and 32nd floors at Vornado Realty Trust’s 909 Third Avenue, sources told The Real Deal. The 15-year lease comes with a starting rent in the low $70s per square foot, according to Compstak. Representatives for Sard Verbinnen and […]

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Taconic buys pair of Bronx apartment buildings for $28M

Taconic Investment Partners is continuing its expansion in the Bronx, picking up a pair of apartment buildings in Concourse for $27.8 million. The properties, at 1534 Selwyn Avenue and 1197 Grand Concourse, are about five blocks apart and sit on opposite sides of Grand Concourse. The larger property is 1534 Selwyn, a six-story, 80,800-square-foot building with 73 apartments, according to city data. The Grand Concourse property, meanwhile, is a five-story, 59,100-square-foot building with 58 units. […]

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Senator says Opportunity Zones guidelines will be released soon

The federal Opportunity Zones program has drawn increasing interest — despite limited details on its rules — from real estate investors and developers who have launched funds to take advantage of the expected incentives. Since the program was created late last year, the government has been promising more guidance. The wait may soon be over. Greater details are expected to be released by month’s end, according to South Carolina Sen. Tim Scott, who helped push […]

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Gentrification City: Investors are turning to other corners of NYC to chase returns

Once upon a time, developers who were looking to make smart investment plays would throw up a building in Williamsburg, Long Island City or Bushwick and watch the buyers and renters flood in. But those neighborhoods have now largely topped out, sending investors on the hunt for the next corner of New York City that is ripe for opportunity. This month, in an effort to suss out where real estate investors are making their next […]

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