Facebook isn’t moving to Vornado’s hilariously named Penn15 after all

Facebook isn’t moving to Vornado’s hilariously named Penn15 after all

Source: TheRealDeal.com

Facebook Inc. apparently isn’t moving into Vornado Realty Trust’s planned 15 Penn Plaza office tower, according to a new report. “We constantly re-evaluate our facilities needs and we don’t have anything new to share about our plans in New York at this time,” Facebook spokesperson Anthony Harrison told Bloomberg in an email. Vornado did not immediately respond to a request for comment from The Real Deal. Last week the real estate investment trust released renderings […]

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Here are the numbers behind Michael Dell’s record purchase of the Boca Raton Resort

Here are the numbers behind Michael Dell’s record purchase of the Boca Raton Resort

Source: TheRealDeal.com

Billionaire Michael Dell’s MSD Partners is planning to invest $75 million into the Boca Raton Resort & Spa, according to a Fitch Ratings report that reveals a financial breakdown of the operations of the oceanfront resort. The 1,047-room resort, whose real estate sold for $462 million in May, sold for a combined $875 million, according to Fitch Ratings. That price breaks down to $589.7 million for the resort, including furniture, fixtures and equipment, and $285.3 […]

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
A sham $85M Manhattan condo listing has been pulled from the market

A sham $85M Manhattan condo listing has been pulled from the market

Source: TheRealDeal.com

The listing for a phony $85 million penthouse at the Atelier is no more. The unit at 635 West 42nd Street had been on the market since 2013 but was just a huge bait-and-switch scheme, and owner Dan Neiditch has pulled it from the market, according to the New York Post. The penthouse was being advertised on the 45th and 44th floors but was actually comprised of 12 apartments that were occupied. The listing was […]

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Lennar closes $1.3B fund to invest in multifamily projects across US

Lennar closes $1.3B fund to invest in multifamily projects across US

Source: TheRealDeal.com

Lennar Corp.’s multifamily arm closed a $1.3 billion fund that will invest in apartment projects in large U.S. cities. LMC, a subsidiary of Miami-based Lennar Corp. announced the closing of the equity fund on Tuesday. It said eight institutional investors, including foreign pensions, sovereign wealth funds, banks and insurance companies invested in the fund. Lennar also contributed $381 million to the fund. The company said the fund, known as LMV II, will develop and acquire […]

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Behind Bars: Bar Works co-conspirator James Moore convicted of wire fraud

Behind Bars: Bar Works co-conspirator James Moore convicted of wire fraud

Source: TheRealDeal.com

The federal investigation into fraudulent co-working Ponzi scheme Bar Works has now landed its first conviction. Federal prosecutors announced on Monday that British national James Moore was found guilty of wire fraud and conspiracy for engaging in a scheme to defraud investors, due to his involvement with the New York-based startup founded by fellow Brit Renwick Haddow. The trial lasted one week and the conviction was handed down on Friday. “James Moore was part of […]

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Rents rise to $3K mark in Brooklyn, Queens

Rents rise to $3K mark in Brooklyn, Queens

Source: TheRealDeal.com

Rental prices in two of New York City’s outer boroughs have continued their upward march as property owners dial back potential discounts. In Queens, landlord concessions dropped in May for the third consecutive month, to 33.3 percent, almost half the record rate set in April 2018, according to the latest Douglas Elliman market report. At the same time, the median rental price in northwest Queens surged 15.4 percent last month, to $3,000, when compared to […]

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
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