An 8.3-acre estate known as Chateau Amorois in East Hampton has been sold for $21 million to an undisclosed buyer after multiple price chops, Curbed reported. [more]
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Continuing its expansion across the city, hipster clothing retailer Urban Outfitters has signed a deal for three floors at Malkin Properties-owned 1333 Broadway, the New York Post reported. [more]
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A court-appointed monitor said CitiGroup, Bank of America and other big mortgage servicers in the U.S. have not improved how they treat customers approaching foreclosure, Bloomberg News reported.
The banks’ shortcomings pertain to how they handle requests for loan modifications and collect customer records, the monitor, Joseph Smith Jr., said in a report released today. He is empowered to take the banks back to court for additional sanctions if they continually fail in the same area after an improvement plan is implemented, Bloomberg News said. [more]
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From the June issue: The significance of what will soon occur at 425 Park Avenue is twofold: what is going up, and what is coming down. So far, attention has focused exclusively upon the former, a 41-story, 650,000-square-foot office tower designed by Norman Foster and his London firm, Foster & Partners.
Foster’s design was selected with considerable fanfare in October. The building’s developers, Lehman Brothers Holdings and L&L Holding Co., invited 11 internationally acclaimed firms to submit designs. Four were chosen as finalists: Foster, Zaha Hadid, Rem Koolhaas and Richard Rogers. [more]
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- Sales of bank-owned homes now faster than boom era
- Chelsea Clinton's hubby lists Grand Madison pad
- Schrager enlists Lorber, Witkoff on residential project
- Healthcare mogul to convert brownstones
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A 12-story glass office building is slated to rise in the Meatpacking District, the New York Post reported.
The 172,000-square-foot tower will be built at 61 Ninth Avenue, on the southwest corner of West 15th Street. The space is currently occupied by Prince Lumber Co., which will relocate its business to West 47th Street and develop the new tower themselves. [more]
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Veteran real estate lawyer Stuart Saft has been tapped to chair the New York real estate practice at Holland & Knight, only 13 months after joining the firm, Law360 reported.
While at Holland & Knight, Saft — who was formerly at Dewey & LeBoeuf and has been involved in many of the city’s largest deals over the past two decades – worked on Starwood Capital Group’s Baccarat Hotel deal as well as a 34-story hotel that Starwood is developing in conjunction with the Moinian Group. He has also been advising Ziel Feldman’s HFZ Capital Group on its Halcyon project in Turtle Bay. [more]
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Sotheby’s, the renowned auction house, has put its Upper East Side headquarters up for sale, the New York Post reported. [more]
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Developers the Rudin family and Eyal Ofer provided The Real Deal with new details (and renderings!) of their controversial overhaul of St. Vincent’s hospital in the West Village, and they were worth the wait. The 200 condominiums in 10 buildings designed by FXFowle will be called The Greenwich Lane, in homage to the quaint hood’s quaint past, representatives for the project said. [more]
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Appeals court sides with city, says Upper East Side marine transfer station can move forward. Some middle-class NYC housing targeted at those earning almost $200,000 per year. Steiner must hand over Brooklyn Navy Yard documents, judge says. Governors Island’s seawall rehabilatition project kicks off. Councilmen ask Sadik-Khan to ignore Park Slope community board’s objections to Fourth Avenue overhaul. Read these stories and more after the jump.
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Top stories yesterday on The Real Deal:
1. Bistricer, Rieder sell UWS building in midst of condo conversion
2. Silverstone inks $18M deal for Gramercy rental
3. Elliman bigwigs hobnob at Witkoff’s 10 Madison Square West preview: PHOTOS












