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421a countdown has developers jittery over future plans
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By Dan Orlando 421a’s nearly five-decade run in New York City is being threatened as the measure is set to sunset next summer. The uncertainty surrounding
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Syska Hennessy takes 55,000 s/f at 1185 Avenue of Americas
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SL Green announced that Syska Hennessy Group, Inc., the engineering company, has signed a 15-year, 55,016 s/f lease at 1185 Avenue of the Americas.
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New York City tourism numbers hit all-time high
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New York City reached an all-time record 56.4 million visitors in 2014. These visitors generated a record $61.3 billion in overall economic impact, supporting
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South Williamsburg’s first full-scale grocery store opens
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Rendering of Urban Market in South Williamsburg. L+M Development Partners (L+M) announced the grand opening of Urban Market of Williamsburg (Urban Market)
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Meridian negotiates $160M loan for 980 Madison
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980 Madison Avenue Meridian Capital Group  negotiated a $160 million syndicated loan for the office building located at 980 Madison Avenue in New York
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Keith Purcell putting a priority on building more than just assets
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By Konrad Putzier Working for a company with a balance sheet of $40 billion and a further $2 to $3 billion set aside for investments in the United States
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Gowanus gearing up to get a whole lot more popular
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By Dan Orlando Brooklyn has spent this millennium redefining itself. No longer a supporting act to the main event that is Manhattan, the borough now boasts
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Shipping container stores set for wave of holiday shoppers
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The shipping containers were converted by various city council departments. Jersey City has unveiled Container Village, a temporary popup venue created
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Report: Over-priced closings costing New Yorkers $155M a year
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New York State property buyers over-spent on title insurance by an estimated $155.3 million, according to a new report. The costs piled up because too
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Rents slow in Manhattan, rise in Brooklyn
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Manhattan rental rates now seem to be conforming to the laws of gravity, with its ascent slowing after a long winning streak. Rent prices in the borough
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Record price for Harlem multifamily portfolio
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A private investor closed on the off market purchase of a 24 building package in Harlem/Washington Heights for $148.5 million from Brooklyn based Galil Associates.
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Cornerstone elbows into affordable lending with $93M buy
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Cornerstone Real Estate Advisers, one of the world’s largest real estate-focused investment managers, announced an agreement to acquire ACRE Capital Holdings