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Fortis wants $79M sellout for 25 BK condos

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Fortis wants $79M sellout for 25 BK condos
Project is just one of a handful of condominiums the developer is bringing to the Cobble Hill LICH site
New York /
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These were the top outer-borough real estate loans in December

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These were the top outer-borough real estate loans in December
The top spot went to a $217M loan for Empire Stores
New York /
Clockwise from top left: Empire Stores, Industry City, Dime Savings Bank and the Williamsburg Hotel 
The biggest outer-borough loan of December took place right along Brooklyn’s waterfront on the aptly named Water Street.
The $217 million loan from M T Bank and the Brooklyn Bridge Park Development Corporation to Midtown Equities for its Empire Stores project took the No. 1 spot on December’s list of loans in the outer borough, followed closely by Bank of China’s $196 million loan for Industry City. Other large loans for December included $150 million for the Dime in South Williamsburg and $92 million for the Parkline in Prospect-Lefferts Gardens.
Brooklyn’s presence on the list was extremely dominant, nabbing eight of the top 10 spots, while Queens and the Bronx each only had one loan apiece, and Staten Island had zero. The full list of top 10 loans for December is as follows:
1. Empire State of Mind — $217 million
M T Bank and the Brooklyn Bridge Park Development Corporation loaned Midtown Equities, Rockwood Capital and HK Organization $217 million for Empire Stores at 55 Water Street, taking the top spot for biggest outer borough loans in December. The loan consolidates and replaces $117 million in prior financing from[……]

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Carrie Chiang, Janet Wang and Scott Stewart take top honors at Corcoran awards

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Carrie Chiang, Janet Wang and Scott Stewart take top honors at Corcoran awards
Firm recognizes 2017’s top producers in event at Guastavino’s
New York /
From left: Carrie Chiang, Scott Stewart and Janet Wang
Third time s the charm for Corcoran Group agent Mike Fabbri.
After stints at Douglas Elliman and then Compass — where he was director of social media and agent development, respectively — Fabbri decided to ply his trade as a broker in 2016.
On Tuesday, Fabbri and business partner Scott Francis were named rookies of the year at Corcoran s annual sales meeting and awards ceremony. Michael Tannen was rookie of the year in Brooklyn.
Perennial top producers Carrie Chiang and Janet Wang were named Manhattan team of the year, while Scott Stewart was Manhattan salesperson of the year.
Held at Guastavino s, the ceremony kicked off with a rendition of Seasons of Love, from the musical Rent, performed by a choir made up of Corcoran executives, staff, and agents.
Corcoran also honored Susanna Lendrum and Hilary Landis — each with a deal of the year award — for closing the $91.1 million at 432 Park Avenue and the $55 million sale of art dealer Robert Ellsworth s co-op at 960 Fifth Avenue.
The deals were the most expensive condo and co-op sales of 2017.
Corcoran was the No. 1 firm on The Real Deal s recent ranking of Manhattan s top residential brokera[……]

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‘American Horror Story’ house has become a nightmare: lawsuit

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‘American Horror Story’ house has become a nightmare: lawsuit
Owners of the $3M home claim “daily intrusions” from fans
Los Angeles /
The Rosenheim Mansion (Credit: Wikipedia)
What a nightmare.
The owners of the “American Horror Story” house in Olympic Park have sued the brokers who negotiated the $3.2 million deal and the former owner for failing to disclose its connection to the FX show.
Since the couple purchased the home in 2015, it has become a “macabre tourist attraction” for fans of the horror show who “trespass, attempt to break in, and [create] a significant nuisance,” according to the lawsuit.
Dr. Ernst von Schwarz and Angela Oakenfold purchased the mansion at 1120 Westchester Place, also known as the Rosenheim Mansion, from Elizabeth Axelrod. The mansion’s starring role in the show, which first aired in 2011, was not disclosed. The suit was filed Wednesday in LA County Superior Court.
Stephan Apelian and Joyce Rey of Coldwell Banker, who are defendants in the suit, brokered the deal and represented both parties. When reached by phone, Apelian said he could not comment. Rey did not immediately return a call for comment.
An attorney for Coldwell Banker said the company had not been formally served, and could not comment on the suit. Axelrod could not be reached for comment.
The new owners began noticing fans of the show turning up ou[……]

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