Category: Real Estate
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Paramount Group finalizes big lease deal with travel group at 1633 Broadway
[dropcap]P[/dropcap]aramount Group – A division of Travel Leaders Group has inked a 16.5-year lease at Paramount Group’s 1633 Broadway. (Photo: Albert Behler and 1633 Broadway) The travel management company’s “Elite” division, which includes Tzell Travel Group and Protravel International, will move its headquarters to the Midtown office tower, the New York Post reported. Tzell and…
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Apopka adds fire stations to improve response times, save lives
The last time Apopka built a fire station, fewer than 20,000 people lived in Orange County’s second-largest city and no toll roads led into the bedroom community. That was 1997. Apopka is now home to nearly 50,000 residents who commute on three high-speed highways, but the city is still covered by just four fire stations.…
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Ceiling in 1065 Park Ave. apartment collapses
The concrete ceiling in one of Park Avenue’s best co-ops collapsed early this morning. The incident created a cloud of dust and debris, but luckily there were only minor injuries. 1065 Park Avenue The collapse occurred in the midst of a three-year long, $2 million renovation of the building’s lobby and outdoor plaza, according to the New York…
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After spinoff, Wyndham timeshare company will be new Orlando headquarters
Even as it faces ongoing criticism for its new website rollout, Wyndham Worldwide’s timeshare company is set to spin off from the parent company, maintaining its Orlando headquarters. Wyndham has always based its timeshare subsidiary, and that company’s CEO, in Orlando. With the new spinoff, the timeshare company will be listed separately on the stock…
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In state-ordered election, Poinciana homeowners can’t topple developer
Despite a state-ordered redo of the vote, Poinciana homeowners again failed to wrest control of one of the state’s largest homeowners associations from the sprawling community’s developers. As officials worked to count the votes late into the night Tuesday, state Rep. John Cortes, D-Kissimmee, said he tried to watch as a neutral party. However, the…
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Florida leads for foreign residents buying and selling
Long the top choice for international buyers in the U.S., Florida also leads the country for foreign buyers selling off their real estate stakes. The state drew 22 percent of the country’s international buyers purchasing property and 26 percent of the country’s sell-offs by foreign owners for the 12 months ending in March, according to…
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Investors tied to 199 Lee sell eight-building Bronx-centric portfolio
Investors tied to 199 Lee sell eight-building Bronx-centric portfolio Michael Rubin’s CapX buys 226 apartments for $35M From left: 41 West 184th Street and 2291 University Avenue Long Island landlord Michael Rubin picked up an eight-building Bronx-centric multifamily package for $35 million, sources told The Real Deal. It’s the third time the properties have traded…