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The Real Deal New York

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  • From left: Bjarke Ingels, Norman Foster and Larry Silverstein

    From left: Bjarke Ingels, Norman Foster and Larry Silverstein

    Larry Silverstein and Rupert Murdoch’s media companies 21st Century Fox and News Corp are talking to Danish starchitect Bjarke Ingels to potentially design the final tower at the World Trade Center. [more]

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  • Larry  Ellison

    Larry Ellison

    Former Oracle CEO Larry Ellison is no stranger to the real estate market — he’s been called “the nation’s most avid trophy-home buyer” and has all but taken over entire neighborhoods in Malibu and the Lake Tahoe area. [more]

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  • imagesMayor Bill de Blasio wants to see a new subway line in Brooklyn.

    In his outline for his new mobility plan “OneNYC,” de Blasio called for a study to investigate the feasibility of a subway line down the Utica Avenue corridor of Brooklyn. The mayor called this part of NYC “one of the densest areas of the city without direct access to the subway.”  [more]

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  • cuomoFederal corruption probes into the practices of state lawmakers are making it difficult for the Legislature to resolve contentious issues — particularly the extension of rent control for New York City, Gov. Andrew Cuomo said.

    “If it was a different time in Albany, frankly, and Albany was [in] a little bit more stable situation, I would normally take these negotiations to Albany and try to work it out among the parties,” Cuomo told business leaders at an Association for a Better New York breakfast. “Albany has a lot going on right now, let’s say.” [more]

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  • Meridian-Capital-RE

    From left: Ralph Herzka, Bob Knakal, J.D. Parker and Stephen Shapiro

    Eat. Sleep. Close. Repeat.

    Meridian Capital Group’s mantra, apt for what sources say is one of the most intense companies a broker can work in, has served it well in the mortgage business. But could Meridian bring the same pizzazz to the investment sales space? [more]

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  • From left: Raphael Toledano, 125 West 16th Street and Josh Zegen

    From left: Raphael Toledano, 125 West 16th Street and Josh Zegen

    Raphael Toledano, a private investor with offices in Manhattan and Brooklyn, bought a six-story Chelsea building for $41.5 million, The Real Deal has learned. Toledano is looking to make the property “the most high-end and most luxurious building in Chelsea,” and is looking to ask rents of more than $100 per square foot for the units. [more]

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  • PamLiebmanRobertReffkin

    From left: Pam Liebman (Credit: Max Dworkin) and Robert Reffkin (Credit: Michael Toolan)

    The battle between the Corcoran Group and Compass just got uglier.

    Under fire for allegedly poaching agents, Compass is now accusing Corcoran of launching a smear campaign against its former agents, and in doing so, hurting their business and delivering a “thinly veiled threat” to others considering a move to Compass, according to counterclaims filed April 20 in New York Supreme Court. [more]

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  • From left: Fredrik Eklund, Luis Ortiz and Ryan Serhant

    From left: Fredrik Eklund, Luis Ortiz and Ryan Serhant (Credit: Bravo)

    Hot off the win of having the highest-rated episode in “Million Dollar Listing New York” history with a whopping 1.6 million hate-watchers, the boys are back in town with another sure-to-be award-winning installment. Here are some highlights.

    Screw the comps!: Fredrik meets with seller/socialite Cheryl and her little dog Louis (for Vuitton, duh!) in her duplex in the sky. The combined four-bedroom pad boasts the world’s biggest shower head, views for days and a “Sex and the City”-inspired closet.  [more]

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  • Kaisa Kwok

    From left: a Kaisa development in Chengdu, China, and Kaisa’s former chairman Kwok Ying Shing

    Many in New York associate Chinese real estate companies with limitless funds and a never-ending ability to invest here. But what if they are wrong? [more]

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  • Left to Right: Omri Sachs, 781 Metropolitan Avenue, Dvir Cohen Hoshen

    Left to Right: Omri Sachs, 781 Metropolitan Avenue, Dvir Cohen Hoshen

    Dvir Cohen Hoshen and Omri Sachs, the founders of Adam America, have development pedigrees in places as far-flung as Romania, Moldova, Ukraine and Turkey. So it may come as no surprise that when they look to raise debt for their Brooklyn projects, lenders from all over take notice. In fact, banks based outside of New York are involved in financing the lion’s share of Adam America’s projects, an analysis of city property records by The Real Deal found. [more]

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  • 232 Millstone Road in Bridgehampton, listed for $3 million

    232 Millstone Road in Bridgehampton, listed for $3 million

    Hamptons homes priced between $1 million and $5 million saw the greatest uptick in activity, according to the latest market report by Douglas Elliman. [more]

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  • SL Green signs on Bloomberg, WeWork

    April 22, 2015 05:40PM
    SL Green

    From left: Steven Durels, Michael Bloomberg and WeWork’s Miguel McKelvey and Adam Neumann

    SL Green Realty has signed Bloomberg and WeWork to two long-term Midtown office leases covering more than 390,000 square feet, the real estate investment trust announced today. [more]

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  • BCB Crown Heights

    From left: Bennat Charatan Berger, Debrah Lee Charatan and 1153 and 1159 President Street in Crown Heights

    BCB Property Management, a Midtown-based investment firm led by Debrah Lee Charatan and her son Bennat Charatan Berger, bid farewell to part of its Crown Heights portfolio with the sale of two multifamily buildings along President Street. [more]

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  • From left: The Pavilion Theater and Abraham Hidary

    Hidrock Realty’s Abraham Hidary and the Pavilion Theater at 188 Prospect Park West in Park Slope

    UPDATED 7:45 p.m., April 22: The Pavilion Theater in Park Slope is going residential. [more]

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  • From left: David Robinson, David Schneiderman (top), Joshua Landau and 110 Ridge Street on the Lower East Side

    From left: David Robinson, David Schneiderman (top), Joshua Landau and 110 Ridge Street on the Lower East Side

    UPDATED, April 22, 12:54 p.m.: David Robinson is holding court on the Lower East Side.

    The NBA Hall of Famer and founder of real estate investment firm Admiral Capital Group teamed up with Four Winds Real Estate to buy three Lower East Side residential buildings for roughly $50 million from Judah Klausner and Richard Freedman, The Real Deal has learned. [more]

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  • Steve Roth, Gary Barnett. Andrew Farkas, Jeff Blau

    From left: Steve Roth, Gary Barnett (Credit: STUDIO SCRIVO). Andrew Farkas, Jeff Blau (Credit: Chris Martin)

    Extell Development’s Gary Barnett and Vornado Realty Trust’s Steven Roth, who are both testing the limits of Manhattan’s luxury residential market, believe that continued global demand for top-end product could push prices even higher.

    The founders of Extell Development and Vornado Realty Trust spoke on a panel Tuesday as part of a forum hosted by the China General Chamber of Commerce at Bloomberg LP’s headquarters in New York. They were joined by Related Cos. CEO Jeff Blau and Goldman Sachs’ Mike Graziano, and discussed Chinese investment in the New York market, the proliferation of EB-5 financing and the state of the residential market. [more]

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  • Meridian Capital

    From left: Ralph Herzka, David Schechtman, Lipa Lieberman and a Meridian T-shirt (credit: Ross Fox)

    UPDATED, 4:38 p.m., April 21: Meridian Capital Group, one of the city’s top large-loan brokerages, is expected to announce plans today to launch Meridian Investment Sales, a new division of the firm specializing in brokering building sales, The Real Deal has learned. [more]

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  • LouiseSunshine220CPS

    From left: Rendering of 220 Central Park South and Louise Sunshine (Credit: Neoscape)

    As the first lady of new development marketing in the 1980s, 1990s and early 2000s, Louise Sunshine left her mark on more than 75 projects in New York, Miami and beyond. A biography on her website describes her life as having been “one of almost epic proportions.” Since 2005, however, when her Sunshine Group officially merged with the Corcoran Group, she’s been largely out of the limelight.

    Now, she’s taking on her most high-profile assignment in a decade. Steven Roth, CEO of Vornado Realty Trust and a longtime friend of Sunshine, has tapped her to serve as a consultant on 220 Central Park South, the Robert A.M. Stern-designed ultra-luxury building that is the most hotly-anticipated addition to Billionaires’ Row. [more]

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  • Neil Binder

    Neil Binder

    TD Bank has frozen all of Bellmarc Realty’s bank accounts, leaving the brokerage unable to handle core business operations and pay out commissions, according to a lawsuit filed in New York Supreme Court on Friday.

    As a result of the freeze — which Bellmarc’s president Neil Binder claims in the lawsuit against the bank is being done “without providing adequate explanation or cause” — the brokerage is unable to take care of payroll, pay rent for its offices and dole out commissions to its roughly 300 agents. [more]

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  • DTZ looks to bid $2B for Cushman

    April 20, 2015 05:40PM
    From left: Brett White, an old Cushman & Wakefield office in New York and Cushman’s Edward Forst

    From left: Brett White, an old Cushman & Wakefield office in New York and Cushman’s Edward Forst

    DTZ Group, London-based commercial real estate brokerage, is seeking support for a $2 billion bid to acquire rival firm Cushman & Wakefield. [more]

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