Aug 19

In the News: When Brooklyn Projects Go Down, What Will Go Up?
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Brownsville — For the better part of ten years, the three empty towers of Prospect Plaza have loomed above Ocean Hill Brownsville. Most of their windows are shattered. Wind and rain whistle through the hallways, feral cats have taken over one of the buildings and pigeons roost in the others.

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Aug 19

In the News: Opening Legal Salvos in Stuyvesant Town Battle
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The battle for Stuyvesant Town and Peter Cooper Village has begun.

CW Capital, the company that currently controls the sprawling apartment complexes, filed papers in State Supreme Court in Manhattan on Wednesday seeking to block a hedge fund and its partner from trying to take over the properties,

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Aug 19

In the News: Taking Up the Housing Fight
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For Maria Rodriguez, finding a home in Corona for her three children was harder than she expected.

After finding a decent sized, well-priced apartment, Rodriguez was turned away for the very reason she needed the home – her children.

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Aug 17

In the News: Tenants In Brooklyn Protest Living Conditions
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Tenants of an apartment building in Clinton Hill, Brooklyn gathered today to protest what they call despicable living conditions.

The tenants who live in the Grand Avenue apartment building say they have watched the conditions in the building progressively deteriorate over the years.

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Aug 17

In the News: A bloody bedbug nightmare: from a Williamsburg apartment to the DA’s office
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Jeremy Sparig’s bedbug horror story began when he woke up one morning last December and found blood all over his sheets.

The 38-year-old photographer knew he had a problem, but had no idea what kind of Kafkaesque nightmare he was going to endure.

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Aug 17

In the News: Air-Conditioners That Run When Nobody’s Home
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In a handsome prewar building in Greenwich Village, a tenant struggled to remember the last time she turned off her air-conditioner. Upstairs, a young couple admitted to having let the window unit run for four days while they went out of town for a funeral, thinking it would be nice,

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Aug 12

In the News: Matthew Lenahan, New York real estate agent for Corcoran Group, is latest ‘Survivor’ contestant
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If he can survive New York City’s real estate market, he just might be able to survive the jungle.

Corcoran Group agent Matthew Lenahan will be a contestant on the newest season of CBS’ “Survivor” in Nicaragua.

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Aug 12

In the News: Billionaire won’t bow out on StuyTown
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Billionaire investor Wilbur Ross says he’s not walking away from Stuyvesant Town-Peter Cooper Village despite hedge fund honcho Bill Ackman’s recent move to take control of the troubled Manhattan apartment complex.

“My interest has not changed nor has the interest of my partners,” Ross said in an e-mail to The Post.

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Aug 10

In the News: Leaving Your Shoes at the Front Door
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By Christine Haughney

In this week’s installment of The Appraisal, I explore the debate about whether visitors to open houses should be expected to take off their shoes. Brokers say that more sellers are making this request because they don’t want their children to be exposed to outside dirt;

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Aug 10

In the News: Hedgie Ackman sets a co-op plan for StuyTown
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New York hedge fund honcho Bill Ackman has set his sights on the beleaguered Manhattan apartment complex Stuyvesant Town-Peter Cooper Village — with an ambitious plan to wrest control of the 11,227-unit complex by transforming the infamous rental property into a giant co-op.

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Aug 10

In the News: Paul Milstein, City Real Estate Titan, Dies at 88
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Paul Milstein, who used profits from the family flooring business to build a real estate empire in New York City, distinguished by major projects begun in uncertain neighborhoods and totaling 50,000 apartments, 8,000 hotel rooms and 20 million square feet of office space, died on Monday at his Manhattan home. He was 88.

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Aug 06

In the News: Tenant Lawsuit Against Tishman Speyer and MetLife May Proceed
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By Karen Freifeld

A class-action lawsuit by tenants of Stuyvesant Town and Peter Cooper Village, Manhattan’s largest apartment complex, against MetLife Inc. seeking $215 million for improper rent overcharges may proceed, a judge ruled.

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Aug 06

In the News: Courts Will Decide Whether 97 Year-old WWII Vet Get to Stay in his $63/month Apartment
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97-year-old WWII vet facing eviction from $63/month apartment; court may decide his fate

By Zach Haberman

An elderly World War II vet wants to wipe the decks with a controversial landlord

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Aug 06

In the News: Short-Term Rental Bans Beyond New York
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More destinations shut the door on vacation rentals

By Laura Bly

For frequent Manhattan visitor Ken Velten there’s no place like (someone else’s) home.

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Aug 04

In the News: Market in the Meatpacking District is HOT
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Market picking up for residential rentals

By James Comtois

New York City’s residential sales market may be soft, but its rental market is firming up, with fewer negotiations and concessions and more brokers reporting closing

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Aug 04

In the News: Paterson Approves Ban on Short-Term Leases
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New York governor approves short-term apartment rental ban in NYC

By Laura Bly (USA TODAY)

New York Gov. David Paterson has signed a bill that makes short-term, vacation apartment rentals illegal in New York City

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Jul 31

In the News: Week of July 26th, 2010
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“News in the News” is a consolidated weekly selection of the biggest New York real estate news stories. Stay informed and know what’s going on in your town!

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