Massive waterfront Southampton estate listed for $150M

Louise Blouin hopes she can finally sell her massive Southampton estate, or risk losing it. The controversial art magazine publisher and collector is listing “La Dune” once again, this time for $150 million, the Wall Street Journal reported. The estate spans two properties, 366 and 376 Gin Lane. Blouin first put the four-plus-acre compound on the market in 2016, seeking $140 million. Since then, the estate has been on and off the market while Blouin

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Milstein’s real estate firm extends at 545 Madison Avenue

A real estate firm is staying put in Midtown, the latest in a string of Manhattan office renewals. Ogden CAP Properties, the real estate arm of the Milstein family, is renewing its lease at Marx Realty’s 545 Madison Avenue, the Commercial Observer reported. The three-year deal across four floors spans 42,000 square feet and runs through 2027. Asking rents at the building range from $84 to $101 per square foot. Ogden moved into the office

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Fortress on chopping block as owner SoftBank bleeds

After suffering a record quarterly loss, SoftBank is mulling the sale of a significant player in U.S. real estate. Masayoshi Son’s firm has started discussions about selling Fortress Investment Group, Bloomberg reported. Son disclosed the talks on Monday, the same day SoftBank announced a $23.4 billion net loss. Son didn’t mention any specific partners for the discussions regarding Fortress, an important real estate player. Last month, however, Bloomberg reported that Abu Dhabi sovereign wealth fund

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Howard Hughes buys stake in Jean-Georges

Don’t bite the hand that feeds you. But you can certainly invest in it. The Howard Hughes Corporation purchased a 25 percent stake in Jean-Georges Restaurants, the New York Post reported. The restaurant empire of celebrity chef Jean-Georges Vongerichten spans 40 restaurants, including the Tin Building at the Seaport, which is set to partially open this month. Hughes paid $45 million for the minority stake in the business, and another $10 million for an option

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Tory Burch staying put at Savitt’s 11 West 19th Street

If the shoe fits, keep leasing it. Women’s fashion designer Tory Burch is enjoying the fit at Savitt Partners’ 11 West 19th Street, renewing its 130,000-square-foot space for 13 years, the Commercial Observer reported. The asking rent at the Flatiron District headquarters was $72 per square foot. Tory Burch has called the top five floors of the 11-story building its headquarters for more than a decade. Savitt’s Brian Neugeboren expressed optimism about the message the

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Boston Properties plans 1M sf tower at ex-MTA HQ

It’s been a long road, but Boston Properties is one step closer to building its big office tower on the former site of the Metropolitan Transportation Authority’s headquarters. The developer filed plans Friday for a 982,000-square-foot office building at 343 Madison Avenue, Crain’s reported. The building is slated to stand 780 feet tall, shorter than the developer’s original plans for a 1,050-foot-tall property. The ground floor will have retail space, while the rest of the

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From funeral home to strip mall

Though the rise of online shopping has prompted eulogies for physical retail, a funeral home in Passaic County could soon be reborn as a strip mall. An affiliate of Wayne-based developer March Associates Construction is in contract to buy Moore’s Home for Funerals, which has operated in the Passaic County town since 1902, NorthJersey.com reported. If the deal is approved, March Associates plans to replace the mortuary with a 10,000-square-foot shopping center with up to

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Hugh Jackman buys penthouse at Jean Nouvel tower

Hugh Jackman is trading neighborhoods, closing on a new Chelsea condo almost three months to the date after listing his West Village triplex. Jackman paid just over $21.1 million for a penthouse unit at the Jean Nouvel tower at 100 Eleventh Avenue, the Wall Street Journal reported. It’s the sixth-highest sale at the building, according to Streeteasy. The 4,700-square-foot, four-bedroom apartment was originally listed for $25 million. The unit has 14-foot floor-to-ceiling windows and 3,700

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Divorce lawyer sells Bridgehampton home for $45M

The seller of a five-acre property in Bridgehampton knows a little something about letting go. Divorce lawyer Irving Shafran parted with his Hamptons property for around $45 million, the Wall Street Journal reported. Shafran and his late wife, book editor Judith Shafran, purchased the property in 2004 for $10 million. The couple built a 7,500-square-foot home, located on Sagaponack Pond. The main house is sited on approximately four acres, leaving another available as a buildable

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Chetrit, Stellar land $365M refi for UWS luxury apartment complex

The Chetrit Group and Stellar Management picked up another huge loan for one of their luxury multifamily properties — this time on the Upper West Side. The development partners secured a $365 million refinancing for their 773,300-square-foot, 850-unit Park West Village complex at 784, 788 and 792 Columbus Avenue, the Commercial Observer reported. The CMBS loan was provided by Citigroup, BMO Capital Markets and Starwood Property Trust. The deal, which was finalized last Wednesday, was

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