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ARC buys six Marriott, Hilton hotels for $108.3M
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American Realty Capital Hospitality Trust has closed on the acquisition of six hotels totaling 707 rooms for a purchase price of $108.3 million from Summit
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Industry irked by de Blasio plan to cut emissions
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The developer of one the nationʼs most sustainable new developments was left baffled by Mayor Bill de Blasioʼs claim theyʼd got it “wrong.
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Have You Heard: Steinberg sells renovated townhouse, Hadid moves Nolita apartment
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Leonard Steinberg has sold the gut renovated townhouse at 146 Waverly Place for $23,282,933. ZAYN MALIK The Compass power broker listed the house at $22
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Lenders approach 2018 with negative outlook on profits
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Mortgage lenders again reported a negative profit margin outlook for the next three months, citing competition as the primary reason and continuing a quarterly
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New Listings
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MANHATTAN Upper West Side 151 W74th St. #7A $1,560,000 1920s boutique building with comfortably scaled rooms, beamed ceilings, and open exposures.
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Goldman Sachs, DH Property back East Coast’s tallest logistics hub in Red Hook
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Red Hook has seen its fair share of industrial structures during the past century but nothing quite like the 370,000 s/f warehouse slated for construction
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Millennial shopping habits and what it means for retail building owners
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By Stuart Eisenberg, Assurance Partner at BDO New York Millennials — those born roughly between 1980 and 2000 — are changing the face of retail.
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Man given 9-18 year sentence tried to evict rightful owner of Brooklyn home
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A Brooklyn man was given a prison sentence of 9 to 18 years after stealing three Brooklyn properties with fake deeds. Carl Smith, a 50-year old resident
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Report: Multifamily mortgages set for another strong year
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Commercial and multifamily mortgage originators expect 2019 to be another strong year in lending activity, according to the Mortgage Bankers Association’s
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L+M, Invesco to make $1B apartment portfolio affordable
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L+M Development Partners and Invesco Real Estate today announced entering into a contract to purchase and preserve five former Mitchell-Lama developments
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Deals flowing as WKO overhauls 437 Madison
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With its ambitious redevelopment project in full force and scheduled to be completed in early 2016, the William Kaufman Organization (WKO) announced that
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Developers lock down $460M financing for Pacific Park tower
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Greenland Forest City Partners and The Brodsky Organization today announced they have closed on $460 million of construction financing for 18 Sixth Avenue