“50 Shades of Grey” author has spanking new digs in LA

From the Los Angeles website: E.L. James is putting some of those hard-earned erotica dollars to good use. The “Fifty Shades of Grey” writer, whose real name is Erika Mitchell, has shelled out $7.25 million for her contemporary five-bedroom fantasy pad in West Hollywood, Trulia reported.[more] … [more] Source: realdeal

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Credit Rating Agency Adds 10K SF in Rudin’s 845 Third Avenue

Kroll Bond Rating Agency has signed a 10,840-square-foot lease at Rudin Management Company’s 845 Third Avenue to expand its footprint in the building to more than 35,000 square feet, according to the landlord. The credit rating organization is adding the extra office space on a portion of the eighth floor of the 360,000-square-foot building between East 51st and East 52nd ...

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Witkoff, Ashner push for rapid liquidation of NY REIT

Activist investors Michael Ashner and Steve Witkoff are at it again — this time, calling for the liquidation of New York REIT as quickly as possible to maximize shareholders’ returns. In an Aug. 29 letter to shareholders, they said they have every reason to believe the board is looking to prolong the process in order to “divert value from stockholders ...

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City increasingly depends on motels to house homeless

The city is increasingly relying on motels to house homeless residents, and it’s costing city taxpayers big time, to the tune of almost $50 million. More than 4,000 homeless individuals stayed at 46 motels last month, a dramatic jump from the 1,000 who slept in eight hotels in January, the Wall Street Journal reported. The city has turned to motels ...

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Crooks steal $20K from Lower East Side landlord’s office

Thieves pulled off a Hollywood-style heist on the Lower East Side, busting through a basement wall to steal $20,000 from a real estate office, officials said. A pair of crooks broke the padlock on a cellar door in a building next to the offices of Lucky’s Real Estate on Orchard Street near East Houston Street, according to the New York ...

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La Guardia reconstruction leads to travel nightmares

La Guardia Airport’s status as a “third-world” airport just got even worse amidst its eight-year, $8 billion overhaul. As construction blocks the way of travellers and cabs, wait times have skyrocketed and fliers are increasingly forced to haul their luggage down the highway. Travelers navigating the Grand Central Parkway is now a common sight, as construction has brought traffic entering ...

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The American McMansion is dying for good

In the late 1990s to mid-2000s, there was perhaps no better indicator of affluence than the McMansion, a cookie-cutter suburban home that typically measures between 3,000 and 5,000 square feet. In this era of speculative homebuilding before the 2008 financial crisis, bigger was considered better, and buyers sought homes with the same general list of features: five or more bedrooms, ...

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Developer faces flapjack fiasco

Plans are hot off the griddle to develop an 18th-century colonial village — that would include an International House of Pancakes — on a Revolutionary War burial ground upstate. But locals are say they don’t want their history with a side of “Rooty Tooty Fresh ‘N Fruity Pancakes.” Nevertheless, developer Dominic Broccoli is hoping to build his “Continental Commons“ on ...

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Developer accused of swiping staging furniture: Lawsuit

From Luxury Listings NYC: You know when you walk into a listing and it has such perfect, beautiful furniture that you can’t help but want to take it along with the house? Well British developer Penny Bradley is being accused of doing just that — and the interior design firm that lent her the furnishings is not happy about it. ...

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