Orbach Groups buys $30M UWS portfolio, a third of buyers over $5M now using LLCs to shield identity … and more

New York /
Oct.October 26, 2012 05:00 PM

1. Nearly a third of home buys over $5M in U.S. are now done with LLCs in order to shield the buyer’s identity [WSJ]
2. Orbach Group buys six UWS apartment buildings for $30M [Crain’s]
3. Home purchase rebates — what they are (often worthless) and what they aren’t (taxable) [WSJ]
4. Amsterdam Ale House, counterintuitively opens UES outpost [NYO]
5. Wyclef Jean to open NYC restaurant in next year [Eater]
6. Investment manager takes 10K square feet at 1330 Sixth Ave. [NYO]
7. MTA will close subways if winds reach 40 mph [Village Voice]
8. Bryant Park ice rink opens tomorrow [DNAinfo]
9. Pharma exec nabs $7M Midtown penthouse [NYO]
10. What a cat likely wants from a luxury apartment building [Curbed]
11. Bronx residents upset that strip club patrons use local McDonald’s parking lot for … various activities [DNAinfo]
12. Trump tells Letterman Romney should also release tax records [HuffPo]
13. Grand Central Terminal’s Zocalo restaurant files for bankruptcy [Crain’s]


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