Trump to include $200B for infrastructure in budget proposal

President Donald Trump plans to include $200 billion for infrastructure in his budget proposal next week, a move that aims to spark at least $800 billion in additional private and public investment. The federal funds will be spent over the next 10 years and will be included in Trump’s budget proposal, which will be released May 23, Bloomberg reported. Trump ...

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WATCH: Resi brokers get real at TRD forum

The Real Deal’s tenth annual New York showcase and forum brought together the crème de la crème of the city’s real estate industry. The event kicked off with a head-to-head showdown between Pam Liebman and Howard Lorber, and continued with a fiery panel of developers, who tussled over local and federal politics–and the final panel of the day did not disappoint. Some of the city’s top residential ...

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Orbach sells four Upper Manhattan buildings for $44M

The Orbach Group sold four rental buildings to two different sets of buyers for $44.2 million, the company told The Real Deal. Yonah Halton’s Halt Management, in partnership with investor B. David Schreiber and Rosewood Realty Group’s Aaron Jungreis, bought three of the buildings, sources said. The group paid $17.4 million for 15 West 107th Street, a 31-unit elevator building. The ...

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Muss Development lands $49M loan from partner at 1501 Voorhies Avenue

Queens-based builder Muss Development borrowed $48.8 million for its 28-story residential project at 1501 Voorhies Avenue in Brooklyn, records filed with city Friday show. The lender is the publicly-traded AvalonBay Communities, which is also a co-developer of what would be Sheepshead Bay’s tallest building. Muss and Avalon filed construction plans for the 250-unit building in 2014. Last year they filed an application ...

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Chatting it Up With Mandarin of Cities Rem Koolhaas—Just Don’t Call Him a Starchitect

Writer, urbanist, magazine founder, the namesake of an architecturally themed ice cream sandwich manufacturer…Rem Koolhaas is many things. So many, in fact, that it’s almost easy to lose sight of the fact that he’s a Pritzker-prize-winning architect with billions of dollars worth of projects underway around the globe.  In the age of “starchitecture”—a term he despises—Koolhaas is post-starchitect, interested in ...

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Suburban Chicago Office in Foreclosure–Delinquent CMBS Loan Is Twice Appraised Value

The former OfficeMax headquarters in suburban Chicago is now in foreclosure, according to data provided to Commercial Observer exclusively by Trepp. The $49 million CMBS loan on the office building, at 263 Shuman Boulevard in Naperville, Ill., had been in special servicing since last December. It now appears that the owner has given it over to C-III Capital, the special servicer, in ...

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The Real Deal’s National Retail Market Report is live!

A lot of thought went into whether to print such a dramatic quote on the cover of our second annual National Retail Market Report. While it’s a strong statement, the facts and figures — and the experts — suggest the market is in a truly dismal place. As news of brand bankruptcies and store closures continues to roll in daily, vacancy ...

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Woods Bagot Inks 11K-SF Deal to Relocate Offices to FiDi

Global architecture firm Woods Bagot has signed an 11,000-square-foot lease at 30 Broad Street to move its offices from Midtown, Commercial can first report. The company will occupy part of the seventh floor of the 49-story, 476,000-square-foot office tower in the Financial District. Woods Bagot will move from 142 West 57th Street between Avenue of the Americas and Seventh Avenue ...

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