Drama is beginning to heat up at the Waldorf Astoria, which Anbang purchased in 2015 for $1.95 billion. Anbang had planned to convert the legendary hotel from 1,413 hotel rooms to both 840 hotel rooms with 409 condominiums overseen by Skidmore, Owings, & Merrill (SOM) with construction led by Aecom Tishman.
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Ori Allon (Founder & Executive Chairman) and Robert Reffkin (Founder & CEO)
Compass Raises $100 Million In New Round of Funding Amid Questions By Skeptics
[PROFILEmiami] - Compass is certainly on a roll after locking in $100 million of additional financing via their new funding round, bringing their valuation to $1.8 billion having raised $325 million from investors to date (November 8, 2017). The latest round of funding was provided by Fidelity Investments, IVP and Welling Management.
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Get A First Look at The Newly Revealed Rendering For Hudson Yards' 441 Ninth Avenue
The Cove Property Group and the hedge fund Baupost Group have revealed the first renderings for 441 Ninth Avenue in Hudson Yards. The new building will be a renovation of the existing 8-story structure built in 1962 with the addition of a 17-story framed glass upper section.
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The Lindley Reveals Its Facade And Unveils Its On-Site Sales Center in Murray Hill
The Lindley, CBSK Ironstate's new 20-story, full-service condominium building in Murray Hill that emphasizes smart design, has released the first photos of the nearly completed facade and newly opened sales gallery, which is located on the building's ground floor. The Lindley's facade is comprised of varying shapes and shades of brick, giving it depth and texture
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KRE Group's Journal Squared in Jersey City Launches Its Penthouse Collection
Journal Squared, a mixed-use development complex by KRE Group rising in Jersey City’s historic Journal Square neighborhood, has just released the first listings of its penthouse collection. Two of the nine penthouses at the 53-story tower are now available for lease. These residences are PH05 (1 bed/1 bath), which is listed for $2,480 and PH08 (2 bed/2 bath).
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Melissa Ziweslin, Maggio Cipriani, James Linsley
Cipriani and GID Development Group Kick Off CS Talks at Their Mega-Project Collaboration Waterline Square
When it comes to separating a project from the competition there can never be any shortage of creativity. On Monday, November 6th, more than 75 guests gathered at the Waterline Square Sales Gallery to launch the third annual CS Talks, Corcoran Sunshine's eight-day industry event series, with an exclusive event hosted by famed food and hospitality group, The Cipriani Family, and project developer, GID Development Group.
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Check-Out DNA Development's New "Jewel Box" Retail Project Adjacent to Rockefeller Center & Fifth Avenue
DNA Development is upping the retail game in Midtown as they have broken ground and are completing foundation work for their new "Jewel Box," a modern-lux retail project adjacent to Rockefeller Center and Fifth Avenue. The stand alone retail project is designed by Ennead Architects and provides a flagship retail opportunity located directly between Rockefeller Center and 5th Avenue
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Construction Update: Diller Scofidio + Renfro-Designed 15 Hudson Yards Begins to Show its Curves as Construction Reaches Upper Floors
15 Hudson Yards has just begun to get its curves and change the Midtown skyline as the Diller Scofidio + Renfro-designed residential skyscraper has reached nearly 3/4 of the way to top-off. 15 Hudson Yards will rise 917', 71-stories, along with a "culture shed," which will serve as the neighborhoods main event space.
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Vision Development Reveals 428 Wythe Avenue in Williamsburg, Brooklyn
Vision Development has revealed their latest rendering for their new mixed-use project, 428 Wythe Avenue, which is being designed by Asher Hershkowitz Architect. 428 Wythe Avenue will feature 61,000 SF of total development including 37 residential units and 8 retail spaces on the first 2 floors.
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Construction Update: Check-Out The New Construction Imagery of Fisher Brothers' KPF-Designed 111 Murray Street
Tectonic has released new photos of the Kohn Pedersen Fox-designed 111 Murray Street, which is under development by Fisher Brothers, Witkoff Group and New Valley in Tribeca. The residential tower topped-out in August 2017 and rises 58-stories, 800'. The final pieces of the glass crown is now being installed as the tower powers toward completion, which is expected for next year.
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Construction Update: Behind-The-Scenes at SL Green's, Grand Central Station Hugging Supertall One Vanderbilt
Construction is cruising at SL Green's One Vanderbilt, their new supertall office-tower adjacent to Grand Central Station in Midtown. Construction at One Vanderbilt progressing smoothly as the steel superstructure has gone vertical after breaking ground in October 2016. One Vanderbilt will rise 1,401', 58 floors, and was designed by Kohn Pedersen Fox (KPF).
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What New York Property Could Be Affected By The Indictment of Paul Manafort?
Special Counsel Mueller's investigation may not have turned up any evidence of collusion between the Trump Campaign and Russia, but it did lead to the indictment by a federal grand Jury of Paul Manafort and business associate Rick Gates on October 27, 2017 on 12 counts of alleged financial crimes.
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The Lane Brings Trendy New Rentals To One Of The Oldest Streets in Downtown Brooklyn
The Lane, a 108-unit luxury rental building in Downtown Brooklyn, has officially welcomed its first residents this week (November 3, 2017). The Lane is tucked away at 415 Red Hook Lane, on one of the oldest streets in Brooklyn. The historic road dates back to the 1700s and played a significant role in the Civil War’s Battle of Brooklyn.
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Check-Out DDG's Ultra-Luxe, Brick-Clad 180 East 88th Street On The Upper East Side
It seems that all new development in New York City now-a-days is met with pushback. DDG's ultra-luxe, brick-clad 180 East 88th Street is no exception. Construction on the residential tower began in 2015 but in 2016 local residents and city officials created a zoning controversy as they argued that 180 East 88th Street had carved out a four-foot lot to circumvent the existing height limitations.
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Hudson Yard's 3 Hudson Boulevard Loses Supertall Designation in Height Reduction, Breaks Ground
Hudson Yards' 3 Hudson Boulevard has broken ground today (November 3, 2017) after the planned tower lost its future supertall designation. A recent height reduction brought the future office tower's height to 940' and 53 floors, down from 1,050' and 66 floors.
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Williamsburg's Austin Nichols House Named Brooklyn's Best-Selling Building
Austin Nichols House, the condominium conversion of a national historic landmark along the Williamsburg waterfront, has been rated as the best-selling building in Brooklyn and the sixth best-selling building in all of New York City.
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Check-Out the Snøhetta-Designed Proposal To Revamp to 550 Madison Avenue Which Is Already Causing Drama
Since Sony left 550 Madison over a year ago, the Philip Johnson-designed, iconic postmodern office tower has sat mostly vacant. First there was the failed plans by the Chetrit Group to convert the buildings in a condo tower, followed by the $1.4 billion sale of the property to Olayan America in May 2016.
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D.A. Development Group Reveals The Smyth in Long Island City, Queens
D.A. Development Group and JBL Development have revealed their new mixed-use project, The Smyth, in Long Island City's Dutch Kills neighborhood. The developers are finishing up excavation and foundation work is expected to begin in the near future. The Smyth will feature 75,000 SF of usable space including 30,000 SF of residential condos and 12,800 SF of commercial use
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Fields Development Group Launches Leasing at Lenox in Jersey City
Fields Development Group has officially launched leasing at Lenox, their new luxury rental building in Paulus Hook, Jersey City. Lenox features 255 studio, 1-, 2- and 3-bedroom luxury residences that are complimented by a thoughtfully-curated collection of high-end amenities rarely found in the Jersey City market, as well as more than 7,200 SF of ground-floor retail space.
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Roman Abramovich Purchases Another Townhouse On The Upper East Side For His Mega-Mansion Assemblage
Russian billionaire Roman Abramovich has purchased another Upper East Side townhouse adjacent to his 3 other adjoined townhouses as he continues to build his assemblage for his Upper East Side mega-mansion.
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