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This month in real estate history: St. Moritz gets new owners, historic sculptures razed to make way for Trump Tower … & more

From the June issue: An unnamed tenant signed a lease to pay a whopping $9,000 per year for 440 square feet of prime Times Square ground-floor retail, the New York Times reported 107 years ago this month. An investment team led by two men who would soon become some of the city’s most well-known property owners signed a contract to buy the historic St. Moritz Hotel, the New York Times reported 56 years ago this month. Workers demolished two historic stone bas-relief sculptures that adorned the facade of the Bonwit Teller Building on Fifth Avenue and 56th Street on the orders of the site’s then-33-year-old developer, Donald Trump, the New York Times reported 37 years ago this month.

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