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City Council ends “forced” tenant-paid broker fees; REBNY may sueCity Council ends “forced” tenant-paid broker fees; REBNY may sueAmid the unknown: Douglas Elliman’s new CEO touts focus on integrity and profitAmid the unknown: Douglas Elliman’s new CEO touts focus on integrity and profitHoward Lorber admitted to relations with brokers in company probeHoward Lorber admitted to relations with brokers in company probeDavid Tabak’s and Meyer Lebovits’ big Borough Park project nabs approvalsDavid Tabak’s and Meyer Lebovits’ big Borough Park project nabs approvals
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Successful second acts in real estate, how to pick a REIT … and more

Maintaining a Downtown Abbey-sized English country estate would cost upwards of $1.5 million a year
Maintaining a Downtown Abbey-sized English country estate would cost upwards of $1.5 million a year

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1. U.S. remains No. 1 for global commercial real estate investors [Reuters]
2. How to pick an REIT with an ownership orientation [Forbes]
3. And how a plethora of professionals are making real estate a highly successful second career [NYP]
4. You don’t need to be the Earl of Grantham to live in a house like Downton Abbey — just a king-sized maintenance budget [CNBC]
5. A Goldman-backed German property firm plans to raise $1 billion in one of Europe’s first IPOs of the year [NYT]
6. A 24-property commercial portfolio snags $607 million in financing  [CPE]
7.  Must a rent-controlled tenant abide by co-op rules?  [NYT]
8. Forget dorms. Nickelodeon star Miranda Cosgrove, a USC student, recently bought a $2.65 million L.A. home. [NYDN]
9. Hunting for real estate with a sense of community [NYT]
10. Barneys considers relocating its West 18th Street store [NYP, 2nd item]
11. A Q&A with a Peter Magistro, the founder and president of the Bronx Pro Group, which manages low- and moderate-income housing in the borough.  [NYT]

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