With the real estate sector beginning to show signs of improvement, some say developers are more willing to negotiate to keep buyers from demanding their deposits back. When buyers at large developments like the Brompton and the Time Warner Center began citing a provision of the Interstate Land Sales Full Disclosure Act in order to try to back out of their contracts, developers privately began making deals on the pricey condos. While the Related Companies denies allegations that any such deals have taken place at its 22-story Brompton, reports have said the hushed negotiations usually end once they are revealed. Joanna Rose, a spokesperson for Related, said two-thirds of the 193 apartments in the building have closed, “all at original contract price with no concessions.” [NYT]
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TWEETS
- This week, @DouglasElliman dominates @trdny's "Top Residential Agents" list, scoring three of the top five spots. http://t.co/WuwFfoQI 10:26:54 PM May 25, 2012
- Here's some #NYC residential sales data before you head off to the #Hamptons via @trdny http://t.co/41pt08N4 08:54:27 PM May 25, 2012
- Marcia Gay Harden gets $2.8M for #Harlem townhouse listed by@cathytaub of @StriblingNYC http://t.co/pR718yY4 via @trdny 08:47:36 PM May 25, 2012
- Boymelgreen, Africa Israel settle with @AGSchneiderman over 20 Pine St. construction, but face new $20M suit http://t.co/wYyqrfBP via @trdny 08:16:42 PM May 25, 2012

