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Category Archives: RE News

Real estate investor Stanley Cayre sells Midwood home for $3.6M

Stanley Cayre, brother to Midtown Equities founder Joe Cayre, sold a single-family home in Midwood for $3.6 million, property records show. An LLC called 3514 Bedford Holdings picked up the two-story house at 3514 Bedford Avenue in the Brooklyn neighborhood, according to property records filed with the city Monday. The 3,500-square-foot home was built in 1920, according to Zillow. It’s unclear what Cayre paid for the property. In 2013, Cayre shelled out $23 million for […]

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Pam Liebman: “If I returned results of $100,000 a quarter, I’d be calling all of you here begging for a job.”

From the June issue’s “In their words” feature, a roundup of the funniest and most insightful comments on real estate.

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Amtrak taps former Delta CEO Richard Anderson to lead agency

After the “summer of hell” at Penn Station, Amtrak CEO Wick Moorman plans to step down. Former Delta CEO Richard Anderson will take over for Moorman in January and will serve as Amtrak’s co-CEO alongside his predecessor until the end of December, Politico reported. The changeup comes as Amtrak prepares to begin a series of repairs at Penn Station that are expected to cause significant disruptions for commuters. Last month, Gov. Andrew Cuomo said the […]

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Six workers injured after floor collapses at Rabsky Group construction site

Six hard hats were sent to the hospital after suffering minor injuries while working on a Rabsky Group project in Queens. The accident took place around 11 a.m. on Monday at 42-20 27th Street in Long Island City, when part of the eighth floor fell onto the seventh floor, hours after concrete had been poured, according to DNAinfo. The workers suffered injuries to their backs, arms and legs and were taken to nearby hospitals for […]

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Home prices rise with the tide on the Jersey Shore

From the New Jersey market report: The tide is high for Garden State tourism, which saw an uptick in visitor numbers in 2016 for the seventh straight year, according to a state analysis. Unsurprisingly, half of the $41.9 billion in statewide tourism spending went to the five beachside counties that constitute the Jersey Shore. The area’s choicest summer rentals are in high demand and getting ever pricier — one seven-bedroom in Sea Girt rents for […]

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End is nigh for Watchtower sign: Iconic placard to come down after $340M sale

The iconic Watchtower sign, a glowing fixture over Brooklyn Heights, will soon disappear from the skyline.

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Brooklyn accepted condo price falls $900M in Q2: TRData analysis

Developers received the green light to market about $400 million in condominium projects in Brooklyn during the second quarter, which is down about $900 million year-over-year, according to a TRData analysis of condo plans approved by the New York State Attorney General’s office. In the second quarter of 2016, developers of 48 projects in Kings County shot for the moon with a cumulative accepted price of $1.3 billion, by far the most seen this cycle. […]

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NYC will see demand for 279K new apartments by 2030

To keep up with demand, New York City needs 279,000 new apartments by 2030. The city is falling behind that target but is faring better than other cities, having added 212,000 units in building with five apartments or more from 2000 to 2015, according to a new report by the National Multifamily Housing Council and the National Apartment Association, a trade group comprised of landlords. The report, according to Bloomberg, shows that New York is […]

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Jay Glazer fired by Compass, firm says

Jay Glazer was fired from Compass on Monday, according to a spokesperson for the brokerage.

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Thor inks trendy bodega to 6,700 sf deal on the Bowery

The New Stand is moving into Patricia Field’s old Bowery headquarters.

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