NYC’s real estate hits: Cohen, Paramount and Trump Park Avenue
The last week of August started with billionaire Charles Cohen landing a bit of equity while trying to wiggle out of a tough spot. Steve Roth’s Vornado Realty Trust signed an agreement to buy Cohen’s 623 Fifth Avenue for $218M, a sale that helps pay off Cohen’s nearly $200 million judgment to Fortre
Can new players infiltrate NYC’s rental industry post-FARE Act?
Since New York City’s broker fee ban took effect earlier this summer, we’ve been keeping a pulse on the fallout. Among the initial consequences were an immediate decline in listings available on StreetEasy, a drop in the number of rentals recorded on the residential listing service and a rise in re
The Daily Dirt: Tough times for Trump real estate
It was another tough week for the Trump brand in New York City real estate. On Tuesday, it was reported that the late Ivana Trump’s Upper East Side townhouse at 10 East 64th Street was listed for the third time — its price dropped over 30 percent from when she first hit the market three years ago.
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