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Why The NYC Art Scene Is Moving To LA
New York City’s high cost of living will be the death of its art scene, according to street artist Shepard Fairey, best known for designing the widely used “Hope” poster during Barack Obama’s 2008...
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Lululemon Is Opening A Store For Men In New York
Lululemon Althletica signed a pair of leases late last month on two corners facing each other at Prince and Wooster streets in Soho. One will be the athletic apparel retailer’s first store just for...
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Meet The Most Loved And Hated Man In New York Real Estate
This post first appeared on The Real Deal.Some developers faced with public outrage over creating a so-called “poor door” would, well, duck out the back door. Not Gary Barnett.As controversy over the...
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It Looks Like Chinese Insurers Will Be The Next Big Investors In NYC Real Estate
When the Chinese government allowed the country’s insurers to invest more money in foreign real estate in 2012, China hands predicted a surge in investments in overseas commercial property. The boom...
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Open House Parties In South Florida Have Gotten Elaborate
In early January, Jonathan Postma was hired to market a seven-bedroom mansion with an expansive view of the Intracoastal Waterway.The Boca Raton-based broker at Coldwell Banker Residential Real Estate...
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Jets Owner Woody Johnson Will Reportedly Sell His Never-Used Apartment For A...
New York Jets owner Woody Johnson, who has been quietly shopping around his 834 Fifth Avenue co-op, has reportedly accepted a record-breaking $80 million offer. Should the deal for the 14-room duplex...
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New York City's 'Billionaire's Row' Is Being Abandoned
Long-term residents of the so-called Billionaire's Row are increasingly leaving the stretch as rapid, high-end development is transforming their neighborhood.In recent months, resales of condos and...
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Ukrainian Billionaire Spends A Record $80 Million On Jets Owner Woody...
Manhattan has a new record for most expensive co-op ever sold: $80 million. Ukrainian billionaire Leonard Blavatnik bought New York Jets owner Woody Johnson’s unit at 834 Fifth Avenue, which was listed...
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Real Estate Insiders Think NYC's Luxury Housing Bubble Is Going To Pop
Is New York City’s luxury housing bubble getting ready to pop? It’s a recurring and, as of late, frequent question— and one that industry heavyweights tackled Wednesday at the Urban Land Institute’s...
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Half The Homes In One Of NYC's Priciest Neighborhoods Are Empty Most Of The Year
Nearly half of the apartments in one of New York’s most expensive neighborhoods are empty for the majority of the year. Data from the Census Bureau’s 2012 American Community Survey reveals that, 285...
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Bill Ackman Is Looking To Flip The $90 Million Penthouse He Bought 'For Fun'
Billionaire hedge-funder Bill Ackman of Pershing Square Capital is looking to flip the One57 penthouse condominium he and a group of investors acquired last year for roughly $90 million. Such a...
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$10-Per-Month Apartment In The West Village Is Stirring Up A Huge Controversy
West Village resident Jud Parker has, without a doubt, the best lease in the city. In 2009, Parker got a West Village landlord to sign a lease basically gifting him a duplex apartment on Minetta Street...
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Nearly Half Of New York City's Luxury Apartments Are Bought Off Floorplans Alone
The ravenous appetite for New York City new development product has a growing number of wealthy buyers scooping up luxury homes sight unseen.Since Sept. 1, a whopping 45 percent of contracts signed on...
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Manhattan Townhouse That Sold For $17 Million In July Is Back On The Market...
A Beaux-Arts limestone mansion on the Upper East Side that sold barely five months ago to a Connecticut-based investor for $17 million is back on the market for $35 million.Nancy Vella, wife of...
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The World's Most Expensive Retail Address Is Now In New York City
New York’s Upper Fifth Avenue is now the world’s most expensive place to lease retail.Fifth Avenue has surpassed Hong Kong’s Causeway Bay, according to Bloomberg News. Last year, Fifth Avenue came in a...
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Here's What A Single Day Is Like For An A-List Real Estate Broker
Adam Modlin is president and founder of the Modlin Group and a top broker to A-list celebrities like Justin Timberlake and Alex Rodriguez.The 41-year-old lives on the Upper East Side with his wife and...
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A $360 Million Startup Wants To Change How We Buy Homes, But Real Estate...
Brown Harris Stevens’ Twitter handle reads, simply, “@Established1873.”The brokerage trades upon its distinguished lineage and generally manages to keep its white-gloved hands out of industry drama....
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Google Is In Talks To Lease Part Of A Giant Pier In The Hudson River
Google is in preliminary talks to lease a portion of the former Marine and Aviation Building at Pier 57 — across the street from the former Nabisco factory in Chelsea it recently agreed to occupy. The...
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New York's Luxury Housing Market Shattered Records In 2014
Last year’s residential market got most of its buzz from developers racing to build luxury condos, but it was eye-popping co-op sales that shattered records in 2014.The priciest purchase is still...
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Tech Companies Are Flocking To The New World Trade Center
Although financial firms filled the original twin towers, One and Four World Trade Center are attracting a new breed of tenants: technology, media and advertising companies. These companies often need...
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