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The Last Citadel: Central Park's Gated Community Nearly Complete

On an August morning in 2008, to celebrate the 150th anniversary of Central Park, crowds lined up for hours to take a ride in a hot-air balloon 30 stories above the park’s southern end. Soaring above...

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Building Expectations: The Next Big Construction Sites

Across the city, hundreds of hammers are poised midair. Many believe that development will be frozen for years to come. But while the sight of New York City’s 600 stalled construction projects is...

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Who’s the Biggest REIT in Town?

From his perch onstage at the Pierre Hotel last Thursday, Bill Ackman looked down his nose on REITs. “You can make more money on a single real estate deal than as a REIT,” he said at the 16th annual...

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Vornado’s Port Authority Tower Low on Gas

Running late... just like the buses inside. (PANYNJ) It has now taken Steve Roth a dozen years and almost as many extensions to keep his plans for a tower atop the Port Authority Bus Terminal alive....

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Interminable Debate Over Vornado’s Terminal Tower

What a long, strange trip it's been. (Forbes) Sunday came and went, and still there is no deal for Vornado’s Port Authority Bus Terminal tower. It has been a dozen years since Vornado was tapped to...

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Vornado’s Steve Roth ‘Still Remorseful’ About Losing Equity Office to...

A remorseful Roth. (Getty) Jonathan Gray, Blackstone’s wizard of real estate, has spent billions buying up distressed assets during the downturn, including his brand-new bid for some of Bank of...

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Vornado's 15 Penn Skyline Buster on Hold

Vacancies abound. (Vornado) All that agita for nothing. After fighting the bullish Steve Rothto save the Empire State Building’s spot on the skyline, Tony Malkin has won a reprieve—thanks to the...

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Federal Reserve Takes 33 Maiden Lane

The Federal Reserve of New York has stepped in to buy 33 Maiden Lane, a 570,000-square-foot downtown skyscraper that the Fed uses for a portion of its Manhattan offices.  “The Federal Reserve Bank of...

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Construction Attorney Warns, Developers need to Get off the Sidelines and do...

He’s the Cassandra of the construction industry, the rabble-rouser of rubble. Attorney Barry LePatner, founder of LePatner & Associates LLP and author of construction shock books Too Big to Fall:...

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Penson Expands and Renews at 1 Penn

Penson, a financial services company, has expanded and renewed its lease at 1 Penn Plaza, the company’s brokers have told The Commercial Observer. One Penn Plaza. (Courtesy Property Shark) The firm...

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Vornado’s Steve Roth Sells West Village Loft for Four Times What He Paid

The West Village, 1999. The meatpackers have all but left the nearby cobblestones, but a savvy buyer can still pick up a sprawling, newly-converted industrial loft for a little over a million bucks....

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Robert A.M. Stern’s Limestone Skyscraper at 220 Central Park South Poised to...

Leave it to Stern to design a limestone skyscraper. After waiting for nearly a decade to develop its property at 220 Central Park South, tussling first with the residents of the existing building on...

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Stern vs. Stern: Robert A.M. to Design Dueling Limestone Luxury Towers

220 Central Park South, a Vornado development. Mon dieu! Within months of one another, two of New York’s biggest developers have unveiled plans for limestone luxury towers, designed by the same...

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The Sun Also Sets on Manhattan’s Bookstores

No dicks allowed at the Rizzoli Bookstore. (Photo: Garrett Ziegler/Flickr) Perhaps the comparison to Jake Barnes is a little ironic, since massive skyscrapers–the quintessential phallic symbols–seem to...

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‘Liar’s Ball’ Excerpt: How $7 Billion Changed Hands in Five Days

The GM Building which, in 2007,  was the prized jewel of Harry Macklowe’s real estate portfolio (Photo by Mario Tama/Getty Images) My new book tells of the tragic rise-and-fall of New York real estate...

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Brick-and-Mortar Amazon Store? Company Signs 17-Year Lease On NYC Space

It looks like Amazon is definitely moving into 7 W. 34th St., but it’s still unclear whether they’ll be opening

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Cuomo KO’s Christie in Port Authority Bout

With a new all-male, all-white board, NY schools NJ, outmaneuvering Garden State at every turn

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Bernie Madoff’s Former Hamptons Home Is Back for $21 Million

Steve and Daryl Roth are selling the house because they already own two East Hampton retreats.

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Ken Griffin’s $238 Million Penthouse Is Now the Most Expensive Home Sale in...

The billionaire hedge-funder finally closed on his 220 Central Park South spread.

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Ron Johnson Killed J.C. Penney—But He Has Become One of the Brightest Minds...

Ron Johnson's tenure as CEO of J.C. Penney was arguably the biggest retail disaster in history. But now, he's back.

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