Down in the Basement: Legalizing Units

How the new mayor will seek to expand the city's affordable housing.

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Why JLL's Consulting Is the Subject of a Legislative Proposal in Tennessee

The consulting giant recommended that the state overhaul its facilities.  Then it got commissions to help with the move. 

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Catching Up on Wednesday, and Previewing Thursday Stories

More retail, and a big law firm re-lease on Broadway.

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Development Fight in the Bronx, and a Look at a Massive DC

Catching up with two articles from this morning--the fight over Montefiore's proposed new Riverdale clinic, and the recasting in DC of the massive Walter Reed Medical Center site.

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A Flatiron Rarity

Space comes on the market at Fifth and 18th.

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Worldwide Plaza and American Reality Capital Get It Together

With original letter-of-intent stakeholder RXR Realty beaten back, ARC gets nearly half the West Side complex at a price a lot lower than last month's speculation.

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What Precisely Did JPMorgan Chase Do Wrong with All those Mortgages?

JPMorgan Chase's $13 billion settlement with the U.S. Justice Department for misrepresenting the quality of the mortgages it was packaging and selling speaks to fraud.  A read-through of the statement of facts in the case is instructive in what not to do when dealing with due diligence in putting together a deal of any size.

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Updated: Home Sales Drop, Prices Increase

The National Association of Realtors describes the effects of lower inventory in this morning's monthly report. Updated at 1:35 pm for new CBRE projections.

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Retail Rocks Severely. Just Get Rid of the Food Trucks.

Just in: a Newmark Grubb Knight Frank EVP stakes out on the state of NYC retail. It is simply roaring. Except for a couple of little problems.  . . .

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Do You Know Who Your Neighbors Really Are?

Investors buy up single-family homes in hot or potentially hot neighborhoods, and their big money crowds out first timers. From today's New York Times.

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Who's the New Head of JLL's Brokerage Operations?

Philip Palmer

Commercial Observer has an exclusive on the new exectuive managing director, who is moving over from CBRE.

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How Long Will It Take for Seaport Approvals?

A web news service went to last night's Community Board 1 meeting, where it did not go well for the developer that wants a 50-story building at the South Street Seaport.

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Reading Wednesday, Right now

New goverment mortgage forms will debut for all lenders tomorrow.  And a Zeckendorf will be interviewed.  And we catch up on a couple of deals from today.

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Your Tuesday Afternoon Wrap...

Four real estate things you will want to know about for any conversation lulls during your evening festivities.

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Update: Protest Tonight Against the New Seaport Proposal

Into this morning's New York Times, and out on the street tonight:  A protest is called for this evening against the development at the South Street Seaport which would include a 50-story tower.

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