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...“You couldn’t do real estate in New York without running into Jon Mechanic,” said Jonathan Gray, president of the Blackstone Group, the alternative asset manager that is one of the property industry’s biggest...
...After years of searching, JDS secured $664mn in construction financing from Silverstein and Otera Capital, the real estate arm of Quebec’s pension fund, in April 2019....
...But in New York, some of the best properties coming to market are now sitting for months....
...Darcy Stacom, one of the most powerful figures in New York City real estate, is leaving brokerage firm CBRE after 22 years in a further sign of the crisis upending commercial property....
...The subway’s infrastructure upcycling reflects the way in which “New York is always in a state of constant flux”, says Gerowitz. “And Yorkville is the epitome of this.”...
...One of New York’s biggest property developers is launching a $1bn fund to invest in the city’s distressed office buildings, potentially heralding a new phase in the commercial real estate crisis....
...A decision in favour of the hunters, it argues, “would effectuate one of the broadest judicial takings of private property in American history”, which would “erase billions of dollars of private-property...
...Its revenues fell from $41.7mn in 2019 to $33.7mn in 2022, according to Trepp, a real estate data provider....
...the United States.”...
...in the state....
...Eventually, Roberts envisions E11even as the core of a sort of miniature Las Vegas in central Miami. Taking it all in, he sounded as surprised as anyone. “Who sells $1bn in real estate off a club?”...
...Urban doom loop Losses in commercial real estate are hitting more than just investors....
...Residential rents are increasing, too, with the price of a one-bedroom flat up 37 per cent in the four years to January 2024, according to property website RentHop....
...Behind the scenes has been Zach Lasry, a property developer who receives rare praise from the gallery community. Lasry is, it seems, everything you could want from an LA real-estate figure....
...“We bought it for $1.8mn in 2018, before the big boom in real estate, and it’s probably worth about $3mn now but I’m not selling....
...As well as a disgorgement, James’s office has asked the court to impose a lifetime ban on Trump working in the real estate industry in New York or serving as an officer or director of a business in the state...
...Real estate group Fisher Brothers said on Thursday that it had agreed to lease 765,000 square-foot at 1345 Avenue of the Americas to Paul Weiss for 20 years, after investing $120mn in upgrading the building...
...RFR and Signa paid $151mn for the property in 2019, a fraction of the $800mn the Abu Dhabi Investment Council spent in 2008....
...Despite the seven (sometimes eight) figure deals, the median Harlem sales price was just $627,500 in the third quarter of 2023, according to Jonathan Miller, of real-estate appraisal company Miller Samuel...
...Ares has promoted Julie Solomon, its chief operating officer of real estate, to co-head the property division....
...and silence women who could come forward with claims of illicit affairs with the real estate mogul....
...The founder of the Related Group, Florida’s largest property developer, watched $3bn in condominium sales evaporate as buyers walked away from towers that would become emblems of the property crisis....
...Who Luxury Portfolio / Windermere Real Estate — Mountain West House, Flathead County, $8.5mn Where In the resort town of Whitefish, a 10-minute drive east of Whitefish Lake....
...Nadeem Meghji, head of real estate in the Americas, will succeed Caplan alongside Kathleen McCarthy. Wanda Austin has been nominated to join the Apple board....
...“There are real signs that IPO markets are reopening in Europe and the United States,” said Franzen....
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