The Real Deal New York

City’s tallest residential tower could net developers $2.5B, Canal Room to spread to the Hamptons this summer … and more

May 29, 2012 05:00PM

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A rendering of 432 Park Avenue

1. Some details revealed on asking prices, square footage of units at CIM Group’s sky-scraping 432 Park Avenue [WSJ]
2. May has been strongest month in NYC luxury real estate since 2008, study says [Business Insider]
3. CVS opening on ground floor of Zell’s Ten23 [NYO]
4. S&P/Case-Schiller index hints that housing downturn may be nearing its end, but will improvements come quickly? [WSJ]
5. Everett Ortner, leader in revival of Brooklyn brownstones, dies at 92 [NYT]
6. Avoiding high taxes and political uncertainty, the world’s richest are moving to all corners of the globe [CNBC]
7. Despite being less profitable than competitors, Cushman CEO Glenn Rufrano says Cushman plans for future growth: interview [NYO]
8. Canal Room will open sister club in Southampton in mid-June [NYT]
9. Branding firm moves offices to Williamsburg townhouse from Flatiron district [Crain's]
10. East Village eatery Vandaag closes down [Eater]

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