The Real Deal New York

Blackstone’s stake values 2 WFC below replacement cost, LES cabin without running water asks $900 per month … and more

January 18, 2012 08:00AM

1. Blackstone takes 25 percent stake in 2 World Financial Center that values building below replacement cost [Post, 3rd item]
2. In Brooklyn Bridge Ventures, Brooklyn finally gets its first venture capital firm [TechCrunch]
3. Trump says GOP candidates are too busy working to defeat each other and not Obama [YouTube]
4. Privet Investment’s 11-building Brooklyn portfolio of 820 apartments sells for $120M [Post, 7th item]
5. Joe Sitt finds three retailers for 7,500 square feet at 933 Broadway [CityBiz]
6. Cabin without running water on LES hits Craigslist for $900 per month [EV Grieve]
7. NYC property tax assessments weren’t released yesterday as scheduled [Post, 1st item]
8. Tribeca townhouse that Dominique Strauss-Kahn rented suffers a third price cut [WSJ]
9. Elevator death at 285 Madison Avenue could have been avoided had repairmen followed protocol [DNAinfo]
10. Meanwhile, Manhattan DA Cyrus Vance launches investigation of his own into elevator tragedy [Post]
11. Chinese media expansion in NYC begins making imprint on local real estate [WSJ]
12. Judge slams foreclosure mill attorney Steven Baum in Bankruptcy Court yesterday [Post]
13. Construction fences arise at St. Vincent’s hospital site as Rudin awaits approval [DNAinfo]
14. New York Life Insurance Company leases fourth floor of LeFrak’s 95-25 Queens Boulevard in Rego Park [Post, 4th item]
15. Residents of then-brand new 325 Fifth Avenue creatively avoided litigation despite problems caused by crumbling glass facade [Habitat]
16. Harlem River Academy buys Rice School building in Harlem for $13M [Post, 5th item]