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Category Archives: RE News

Work still halted on Fortis’ One Seaport project. And deadlines are looming

Nearly a month after a worker plummeted 29 stories to his death, the site at 161 Maiden Lane remains shut down. And the clock is ticking on Fortis Property Group’s $273 million condominium tower. The Department of Buildings halted all construction at 161 Maiden Lane on Sept. 21, after 36-year-old Juan Chonillo fell from the building. He was wearing a harness, officials said, but it wasn’t hooked in. At the time of the accident, the […]

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Katie Couric’s Park Avenue pad hits market

Journalist Katie Couric is selling her Park Avenue apartment for $8.25 million.

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Billionaire Anand Mahindra to launch Manhattan real estate venture

Anand Mahindra, the billionaire head of Indian conglomerate Mahindra Group, has teamed up with Rotem Rosen and a former Deutsche Bank executive to launch a real estate company focused on Manhattan properties. Called MRR Holdings, the firm plans to invest in office, residential and hotel properties in Manhattan, targeting undervalued assets and holding over the long term, The Real Deal has learned. It wasn’t immediately clear how much the venture plans to spend on Manhattan […]

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We’re cool, too! Marketers target Williamsburg residents ahead of L train shutdown

With the looming L train shutdown, landlords are trying to lure Williamsburg residents to other parts of Brooklyn and even New Jersey.

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Savanna finances Berkeley Building pickup with $92M loan

More than 50 prospective investors toured the Berkeley Building at 19 West 44th Street earlier this year before the sale went to Savanna Real Estate for $195 million. And now we know where Savana’s leverage on the deal is coming from. Mesa West Capital provided a $92 million acquisition loan to the new owners of the World War I-era office tower, records filed with city Wednesday show. Savanna’s purchase of the building has now officially […]

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Police: Wannabe squatter tried to break into Keith Rubenstein’s mansion

A would-be squatter tried to break into Keith Rubenstein’s Upper East Side mansion to make the property his new home.

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Westchester & Fairfield Cheat Sheet: Fairfield County resi sales exploded in Q3, medical tenants give boost to Westchester’s office market … & more

Q3 sales approach record levels in Fairfield County Home inventory tightened and sales improved to near record levels in Fairfield County in the third quarter, according to data prepared by real estate appraisal firm Miller Samuel for Douglas Elliman. Sales in Fairfield County hit the second-highest level in 11 years and inventory sunk to the lowest level in a third quarter in 12 years. The number of sales edged up 1.2 percent to 3,361. In […]

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These were the biggest Queens deals of the third quarter

A quartet of industrial sites nabbed the top four spots for the biggest sales in Queens during the third quarter, according to data compiled by Real Capital Analytics. The $78 million sale of Jamaica’s Ideal Business Center topped the list. It was followed by Home Depot’s $63 million purchase of a Coca-Cola bottling plant in Maspeth. And a pair of industrial sites near JFK Airport that Deutsche Bank’s real estate arm bought for $43.1 million […]

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Meet the little-known titan who built some of NYC’s most iconic properties

From the October issue: The Flatiron Building, the Plaza Hotel and One Times Square are some of New York City’s most recognizable properties. The developer behind them, however, has long been forgotten. Harry St. Francis Black, who was considered the country’s first national developer and at one point the “world’s greatest landlord,” oversaw the construction of those iconic buildings in the first quarter of the 20th century. Black established his firm — first known as […]

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How the supertall at 111 West 57th St. became a labyrinth of offshore wealth

In 2002, Andy Ruhan, a British real estate mogul and racecar driver, fell out of the sky.

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