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Category Archives: RE News

PHOTOS: Developers, brokerages celebrate Art Basel

From TRD Miami: The champagne, art and real estate flowed throughout Miami Art Week, with some developers hosting eye-popping exhibits and blowout parties to celebrate Art Basel. At the start of the week, Faena Miami Beach released a public art installation on the beach, including a “sinking Taj Majal” with giant chandeliers, a 2-ton concrete elephant and pieces of the abandoned Atlantic City Casino. Other events included an opening preview of Red Dot Miami and Spectrum Miami, […]

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Landmarks approves UAL’s Soho office project

It took two tries, but an office building planned for Soho can now move forward with the city’s blessing. The Landmarks Preservation Commission approved the project at 419-421 and 423 Broadway on Tuesday, according to Curbed. The agency previously rejected the building for being too tall and out of scale for Soho, but architect Morris Adjmi changed the design enough to win them over. The project from owner United American Land will now be eight […]

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Settlement talks between CoStar and Xceligent break down

Last week it looked like CoStar and Xceligent’s high-stakes legal battle was heading for a settlement. But now talks have broken down. CoStar wanted Xceligent to delete material on its database as part of a settlement deal, the Wall Street Journal reported without citing details. Xceligent balked, meaning the two sides are bound to head back to court. CoStar sued Xceligent last December for alleged copyright infringement, claiming the rival commercial property database stole its […]

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Scorecard: Midtown office leasing falls 33 percent

From the December issue:  A roundup of news and data on the commercial market.

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Scorecard: Manhattan commercial sales volume more than doubles

From the December issue: A roundup of news and data on the commercial market.

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Airbnb grapples with slow listing growth in major cities

As Airbnb inches closer to going public, the company faces lackluster listing growth and questions over its expansion into more traditional hospitality ventures. Growth of listings in New York, Paris, Rome, London, Barcelona, Amsterdam and other cities, for example, slowed in 2017, the Information reported. The number of nights that homes in these cities were listed as available increased at a faster pace than the volume of listings, which hints that hospitality professionals were behind […]

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Azimuth’s massive mixed-use Bronx project just got even bigger

Azimuth Development is doubling down on its huge project in the Bronx. The company, based in the Financial District, had initially planned to construct a 250-unit development at 1755 Watson Avenue in Soundview, but the project will now feature 326 units, according to plans filed with the Department of Buildings on Monday. Aufgang Architects will design the nine-story mixed-use project, which would include 255,864 square feet of residential space, 16,592 square feet of commercial space […]

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De Blasio wants to help you buy a condo or fix up your crumbling house

A pair of new programs from Mayor Bill de Blasio’s administration aims to make it easier for New Yorkers to buy homes or keep the homes they have in good condition. One of the initiatives, dubbed “Open Door,” is a financing program that incentivizes the construction of condos and co-ops geared specifically toward first-time, middle-class homebuyers. The program aims to create about 200 affordable units per year. The second initiative, dubbed “HomeFix,” focuses on helping […]

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Mega law firm Kirkland & Ellis expands to more than 500K sf at 601 Lex

Kirkland & Ellis, which ranks as the world’s third-largest law firm with $2.6 billion in annual revenues, expanded its footprint at the former Citigroup Center to more than half-a-million square feet with the addition of four floors. The Chicago-based firm signed a deal to take an extra 120,000 square feet at the iconic, 59-story Midtown office tower at 601 Lexington Avenue, sources told The Real Deal. The new lease brings Kirkland & Ellis’ spread in […]

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HFZ’s COO jumps to Square Mile Capital

HFZ Capital Group’s chief operating officer Laurie Golub is leaving the company after five years to become COO of Square Mile Capital. In June, Square Mile appointed co-founder Craig Solomon as its new CEO. The firm is an significant commercial real estate lender in New York and is in talks to finance Essex Crossing’s office component with a $250 million construction loan, and recently provided the developers of one of Williamsburg’s tallest towers $150 million. […]

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