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Music school buys Hit Factory home
08
A commercial condo unit at the Hit Factory, the former music studio in Hell’s Kitchen, has sold for $15.8 million. The American Musical and Dramatic Academy
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Secret LLC buyers set to get city tax break
08
The city is moving to give cops and judges a break on their tax bills for using the same paper trails as crooks to hide their identity. The Department
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Industry watching closely as Corcoran starts its franchise
08
In the real estate industry, franchises are big business. ReMax, one of the most recognized brands across the globe, boasts 7,841 offices worldwide;
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Manhattan mansions rule townhouse sales
08
Bigger is better when it comes to buying a townhouse in Manhattan. In the past decade, the median price of a townhouse has more than doubled as fewer buyers
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HAVE YOU HEARD? Bruce Willis lists his Bedford estate
09
ACTOR Bruce Willis is selling his Bedford country estate. The actor recently put the 12-bedroom property on the market for $12.95 million.
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DONE DEALS: Broker plays Queens high
08
It’s official. Queens is now a millionaires playground! After breaking the million dollar price median last summer, a new record has been set in Ridgewood.
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Construction industry push for diversity a good start, but more resources needed
08
By Clark Peña, director of advocacy, Construction Workforce Project A recently announced diversity initiative by the Associated General Contractors of
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NYC contractors spending money to make money as construction costs spiral
08
Despite the ever-rising costs of construction in New York City, the New York Building Congress said in its latest report that the industry is still profitable.
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Skanska to complete $36M PATH rehab
08
Skanska USA has been awarded a $36 million contract by the Port Authority of New York and New Jersey to deliver upgrades to the PATH’s Exchange Place and
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AB Capstone taps Hollister for new Bronx design-build
08
Hollister has been retained as design/builder by AB Capstone to execute the delivery of a 10-story building located at 425 Westchester Avenue in the Bronx.
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Development partners join $400M University Place initiative
08
Circle Squared Alternative Investments and an affiliate of The PRC Group of Companies have entered into a joint venture partnership for the construction
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Madison International Realty acquires stake in Mack-Cali
08
Madison International Realty, a  real estate private equity firm, has acquired a five percent ownership stake in Mack-Cali Realty Corporation (CLI), holding