Steve Solomon News
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The drone of generators fills the silence of lower Manhattan on a weekday afternoon. A newsstand is open at the corner of Wall and Water streets, its main customers now cleanup crews rather than bankers, lawyers and other financial district office workers.
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CIM Group and developer Harry Macklowe are planning to build a Manhattan residential tower that would be the tallest in New York City.
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Sheldon Solow, a New York developer, agreed to pay about $120 million for an office building across the street from his 9 West 57th St. tower, a person with knowledge the deal said.
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Bank of America Corp. agreed to sell a 31-story office tower at 222 Broadway to Beacon Capital Partners LLC and L&L Holding Co.
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Vornado Realty Trust said it agreed to buy retail space on New York’s Fifth Avenue, the world’s priciest shopping corridor, for about $707 million, and plans to sell $428 million of properties across the U.S. and Canada.
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New York developer Sheldon Solow secured a $625 million loan from Deutsche Bank AG to refinance debt on 9 West 57th Street, a trophy tower in midtown Manhattan, as lenders focus on the best properties.
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Kushner Cos. is seeking to buy American International Group Inc. ’s equity stake in about 17,000 apartments, almost three years after selling the units near the property market’s peak, a person with knowledge of the bid said.
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