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Rudin Management Plans Luxury Condos in Greenwich Village

Rudin Management Plans Luxury Condos in Greenwich Village

By Veronica Grecu, Associate Editor Last week, the New York City Planning Commission approved a redevelopment plan that would transform the former St. Vincent’s Hospital campus at 144 West 12th Street into luxury condos. The initiative, which belongs to local development [...]…

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Residential Developers and Brokers Set their Sights on Brooklyn

Residential Developers and Brokers Set their Sights on Brooklyn

By Veronica Grecu, Associate Editor Citing a recent report by real estate consultant Nancy Packes, The Wall Street Journal reveals that developers are eying Brooklyn as a potential real estate mecca. Manhattan is no longer a preferred option for new housing [...]…

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Two New York City Residential Properties Marketed for Less

Two New York City Residential Properties Marketed for Less

By Veronica Grecu, Associate Editor A privately owned student housing facility in the Kensington neighborhood of Brooklyn, is being marketed for sale for $8.3 million by TerraCRG Commercial Realty Group. Better known as University Place, the 51,000-square-foot building was acquired in [...]…

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175 Kent Ave. Sells for $76M; LaGuardia Could Get New Terminal Building

175 Kent Ave. Sells for $76M; LaGuardia Could Get New Terminal Building

By Veronica Grecu, Associate Editor A high-end rental property located at 175 Kent Avenue in Williamsburg, Brooklyn, was sold to Chicago-based Equity Residential for $76 million, reports Crain’s New York Business. The building was completed in 2011 by the Chetrit Group [...]…

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Manhattan is Home to Yahoo! News Studio, Most Expensive Residential Rental

Manhattan is Home to Yahoo! News Studio, Most Expensive Residential Rental

By Veronica Grecu, Associate Editor Yahoo!, the pioneer of Internet search and content development, will have its own studio in Manhattan at the corner of 40th Street and Sixth Avenue, where the company already has office space. The work has already [...]…

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Facebook to Open New Engineering Office in New York

Facebook to Open New Engineering Office in New York

By Veronica Grecu, Associate Editor Facebook, the world’s largest and fastest-growing social networking company, has announced plans to increase its footprint in New York by adding an engineering center in early 2012. The announcement was made recently by Facebook Chief Operating [...]…

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Brooklyn Toren Condos 80 Percent Sold; Human Rights Watch Expands Empire State Building Lease

Brooklyn Toren Condos 80 Percent Sold; Human Rights Watch Expands Empire State Building Lease

By Veronica Grecu, Associate Editor Recent reports issued by BFC Partners and the Corcoran Group reveal that Brooklyn’s iconic new Toren condominium tower is over 80 percent sold. The 37-story building is located at 150 Myrtle Avenue at Flatbush Avenue, right [...]…

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Rehab is On for Penn South, New Baptist Temple

Rehab is On for Penn South, New Baptist Temple

By Veronica Grecu, Associate Editor The American Federation of Labor and Congress of Industrial Organizations Housing Investment Trust (AFL-CIO HIT) will invest $134 million in the rehabilitation of Penn South, a co-op located between 8th and 9th Avenues and East 23rd [...]…

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Courtyard by Marriott Hotel to Replace 83-Year Old Building; Charles Schwab Corp. Expands NYC Footprint

Courtyard by Marriott Hotel to Replace 83-Year Old Building; Charles Schwab Corp. Expands NYC Footprint

By Veronica Grecu, Associate Editor Marriott International will develop a new 168-room Courtyard by Marriott hotel on the northeast corner of 6th Avenue and 35th Street, near Macy’s and New York’s Penn Station. This will be the hotel chain’s seventh Courtyard-branded [...]…

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New York Hotels are Cheaper to Build than Buy

New York Hotels are Cheaper to Build than Buy

By Veronica Grecu, Associate Editor Strange as it might seem, New York’s hospitality industry is heading toward a construction boom similar to pre-recession times. Around 50 new hotels are expected to open by the end of 2013 in the Big Apple, [...]…

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Prospect Heights Leasing Inventory Grows with New Building; Inkeepers to Exit Bankruptcy

Prospect Heights Leasing Inventory Grows with New Building; Inkeepers to Exit Bankruptcy

By Veronica Grecu, Associate Editor A new apartment building is now available for Prospect Heights residents looking for affordable rent. The leasing process began last week and is being handled by Brooklyn-based Aguayo & Huebener Realty Group. According to the Brooklyn [...]…

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Harlem Affordable Housing Adds 226 New Units

Harlem Affordable Housing Adds 226 New Units

By Veronica Grecu, Associate Editor The Uptowner reports that after having completed two affordable housing buildings totaling 226 units on West 127th and 128th Streets between Frederick Douglass Boulevard and St. Nicholas Avenue in Central Harlem, development company The Richman Group [...]…

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