NYC

NYC property values climb by estimated 3.75 percent

New York City expects to record a 3.75 percent rise in real estate market values for the fiscal year starting in July, the finance commissioner said on Friday, as he issued tentative assessments for property taxes.
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Google buys huge NYC building for about $1.8 billion

Google Inc has signed a deal to buy a huge Manhattan building, where it is a tenant, for $1.8 billion in one of the largest sales of a single building this year, according to a person close to the transaction.
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Hyundai debuts Sonata Hybrid at NYC autoshow

At the New York auto show, Hyundai unveiled its 2011 Sonata Hybrid with unique approaches in hybrid powertrain design, battery technology and vehicle appearance. The Sonata Hybrid is Hyundai's first hybrid in the U.S. market.
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Architect Visit: Peter Himmelstein in NYC

This five-story Gramercy Park townhouse is owned by Carin van der Donk and actor Vincent D'Onofrio (of Law and Order fame) who enlisted architect Peter Himmelstein to completely renovate the structure in 2007.
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SEC to beef up its NYC office in 2010

The Securities and Exchange Commission plans to expand its New York office by about 8 percent this year as the financial regulator focuses more heavily on catching cheaters at hedge funds and brokerages.
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Jay-Z sues lender over loan for NYC property

Rap music artist, Jay-Z, on Wednesday sued an investment firm and a bank, accusing them of trying to bleed $3.7 million from him over a loan to help him build a hotel on Manhattan's west side.
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NYC may lay off 19,000 workers if state cuts aid

New York City will have to lay off more than 10,000 public workers, in addition to 8,500 teachers, if the state legislature approves the $1.3 billion of cuts the governor proposed in his deficit-closing budget, Mayor Michael Bloomberg said on Monday.
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Tishman, BlackRock quit huge NYC housing complex

A group led by Tishman Speyer Properties LP is giving up control of the Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan to creditors, marking the collapse of one of the largest transactions during the U.S. real estate boom.
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Huge NYC apartment complex misses loan payment

The joint venture led by Tishman Speyer and BlackRock Inc that owns New York City's vast Stuyvesant Town/Peter Cooper Village apartment complex on Friday said it missed making its full loan payment, moving the deal one step closer toward possible foreclosure.
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NYC Stuyvesant Town complex misses payment

The joint venture led by Tishman Speyer and BlackRock that owns New York's vast Stuyvesant Town/Peter Cooper Village apartment complex on Friday said it missed a loan payment, putting it in a much-anticipated default.
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NYC economy up for fifth month in December

New York City business activity expanded in December for the fifth consecutive month, though at a slower rate than November, while a gauge of business optimism was at its highest in more than three years, according to an industry report on Thursday.
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Guilty plea on tax charge in $1.8 bln NYC property sale

A project director who helped broker the 2005 sale of Riverside South Properties, one of New York City's largest real estate transactions, has pleaded guilty to a tax evasion charge but is not expected to face prison time.
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NYC urges ban on shale gas drilling in watershed

New York City urged New York state on Wednesday to ban natural gas drilling in its watershed, adding unprecedented support to critics who consider the chemicals used to mine for shale gas as poisonous to drinking water.
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NYC Rock & Roll Hall of Fame annex to close

Just one year after opening, the New York City annex to Cleveland's Rock & Roll Hall of Fame will close its doors on January 3, according to one of the corporate partners in the venture.
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Victoria's Secret Fashion show 09, NYC

Victoria's Secret Fashion Show came back to New York City's Lexington Armory on Thursday night unveiling a new collection of lingerie and elaborate accessories.
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Madoff's NYC, Palm Beach homes get price cuts

It's still not cheap, but Livin' La Vida Madoff may now cost a bit less. Asking prices for homes once occupied by now imprisoned Ponzi schemer Bernard Madoff in Manhattan's Upper East Side and in Palm Beach, Florida, have been cut, after about two months on the market.

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