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SoHo Properties Buys Chelsea Building for $45.7 M.
SoHo Properties has invested in Chelsea. Sharif El-Gamal, chairman and CEO of the real estate investment group, has dropped $45.7 million on the property at 31 West 27th Street, which PropertyShark...
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Todd Korren Joins Massey Knakal as Managing Director of Manhattan
Todd Korren Todd Korren joined Massey Knakal Realty Services yesterday, stepping out from the transaction-based roles that made him one of the city’s elite brokers and into a managerial role as...
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Blurred Lines: What Happens When Flatiron District and NoMad Combine?
Just a few years ago, the NoMad district was more like a no-man’s land, made up of a less-than-pretty arrangement of gritty wholesalers, hair salons and counterfeiters. Some of that persists, but the...
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Downtown Residential Development Site Sells for $223 Million
A partnership between Fisher Brothers and The Witkoff Group has acquired 101 Murray Street from St. John’s University for $223 million, it was announced today. The sale is the largest residential...
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Commercial Space Tight as Tech Continues to Surge in Flatiron: Report
Buoyed by the area’s burgeoning tech scene and growing residential market, the Flatiron/23rd Street Partnership Business Improvement District this morning presented its third annual report to a room of...
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Witkoff Group Closes on $660M Hotel Buy
A consortium led by The Witkoff Group has acquired the Helmsley Park Lane Hotel from the Leona M. and Harry B. Helmsley Charitable Trust for $660 million. The acquisition, completed in partnership with...
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Real Estate Leaders Back Universal Pre-K Proposal
Real estate industry leaders have joined a growing group of supporters of Mayor Bill de Blasio’s plan to fund a universal prekindergarten program with tax increases, according to The Wall Street...
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Savanna Pays $60M for Retail Space at 10 Madison Square West
Private equity and asset management firm Savanna has purchased the 20,676 square foot retail condominium at 10 Madison Square West (1107 Broadway) from The Witkoff Group and Morgan Stanley Real Estate...
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Witkoff Among Developers That Footed Bill for City Council Speaker’s...
City Council Speaker Melissa Mark-Viverito The Witkoff Group, Marathon Development and Lighthouse Group LLC--along with three unions--paid 87 percent of the $30,000 raised for an inauguration party for...
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Witkoff Relocating to 40 West 57th Street
40 West 57th Street. The Witkoff Group is moving to the LeFrak Organization’s 40 West 57th Street, The Real Deal reported. Steve Witkoff's firm signed a 10-year lease for 21,000 square feet in the...
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Terra Funds Witkoff Land Deal for Sunset Strip Development
Terra—the Latin word for “ground”—is becoming all the more relevant for one firm. Terra Capital Partners closed its third land deal as the mezzanine lender continues to shift its attention to...
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Witkoff’s Former Toy Building Blocks Madison Park Views, Hotel Owner Charges
Rendering of 17 West 24th Street (Credit: Gene Kaufman Architect). The developer who is breaking ground on a new boutique hotel in the NoMad area said he has lost his picturesque Madison Square Park...
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Fisher Brothers, A NYC Legendary Real Estate Family, Diversifies
Fisher Brothers should probably be called Fisher Cousins. A hundred years ago, three brothers, Martin, Larry and Zachary Fisher, started a real estate business with a focus on residential in Queens,...
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‘Bizarre’: Prosecution and Defense Deliver Closing Statements in Sheldon...
A bribe or a favor? Quid pro quo or goodwill? A federal prosecutor and an attorney for former Assembly Speaker Sheldon Silver tangled over these questions and more today during closing arguments in a...
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WeWork Real Estate Chief Mark Lapidus Is Basking in His Company’s Nonstop...
Somewhere between the first glass of champagne and the cutting of the cake, Mark Lapidus stumbled on one of those once-in-a-lifetime real estate opportunities when he went to a wedding in March 2012....
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Altuzarra Finds a New Home in the Woolworth Building
A women’s designer brand inked an 11,516-square-foot deal at the historic, neo-gothic Woolworth Building, according to a press release from the tenant’s broker, Savills Studley. The new space is on...
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Disneyfication 2.0: Welcome to the New Wave of Entertainment Venues in Times...
Times Square became a very different place from the time Rudolph W. Giuliani assumed office as mayor until he left eight years later. The shift from a seedy, crime-saddled section of town teeming with...
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Hershey’s Expanding and Relocating Flagship Store Within Times Square
The Hershey Company just wrapped up something sweet that’s not dark or sugary: a new lease. The global chocolatier announced yesterday it’s moving and expanding the Hershey’s Chocolate World flagship...
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Plaza Construction’s CEO on Expanding Under a Chinese Firm, Splitting From...
East Coast developer Fisher Brothers is today led by Arnold Fisher, his sons Ken and Steven and their younger cousin Winston. If they had to add a non–family member to their ranks, a natural pick would...
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Kushner Times Square Retail Condo Gets $370M Financing from Deutsche Bank, SL...
A decade after its eponymous tenant moved out, there’s still plenty of news-breaking at the old New York Times Building. Kushner Companies just completed a $370 million refinancing of the...
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