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No Halloween scares as $11M townhouse leads Brooklyn luxury market

There was nothing to be spooked about as Brooklyn’s luxury market posted solid, if unspectacular, numbers for the final week of October. But we’re going to buck tradition by starting this roundup with the second most expensive home to go into contract last week, according to Compass’ weekly report of homes in the borough asking $2 million or more. Unit 15B at 50 Bridge Park Drive in Brooklyn Heights was asking just under $4.4 million.

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When pols ignore past, city pays price

As Santayana famously said, those who cannot remember the past are condemned to repeat it. More than a few New York City leaders fall into this group. Who can forget when Rep. Alexandria Ocasio-Cortez, state Sen. Mike Gianaris and others beat back Amazon’s HQ2 project in Long Island City, fearing its well-paid workers would outbid New Yorkers for housing? But the opponents did apparently forget — or never experienced — the era when the city

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Goldman Sachs buying $90M Brooklyn Heights apartments

Goldman Sachs’s real estate fund is back in New York with a deal to buy a rental building developed as part of Brooklyn Bridge Park for $90 million. The investment bank’s asset management arm is in contract to buy the 140-unit The Landing building from Robert Levine’s RAL Companies and China Vanke, The Real Deal has learned. The deal is the latest example of investors’ appetite for cash-flowing New York rental properties, which are leading

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Dumbo Arts Festival 2012 Preview: Superhero, Codex Dynamic, And Inverted Sky

If the crisp, cool air hasn’t already got you excited for the upcoming fall season, here’s a preview of one of New York’s most exciting events, the 16th annual Dumbo Arts Festival, where from September 28th to the 30th, more than 500 artists from around the world will showcase a wide range of installations and …

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