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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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Gimbel townhouse listed for $18M

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An Upper East Side townhouse that was once home to department store heir Louis Gimbel Jr. and his wife Elinor hit the market today asking $18.45 million.
Built in 1899, the 36-foot wide house at 163 East 78th Street has a gated garden entry, seven bedrooms and several fireplaces. It spans 6,517 square feet plus 2,200 square feet of outdoor space, including front and rear gardens and a parlor-level terrace. A living room has six window bays and two fireplaces; a third-floor master suite features a marble bath and fireplace. Brown Harris Stevens’ Paula Del Nunzio has the listing, which is priced at $2,996 per foot.
The typical mansion in Manhattan is 20 feet wide. When you re getting into 36 or 40 feet, you re really pushing into another stratosphere, said Del Nunzio. She pointed out that the house has big, square rooms courtesy of extra-wide floorplates. The roof of the property could be landscaped into an additional terrace, she said.
Curbed was the first to spot the listing.
The seller is Thomas Hexner, CEO of Value Trust Capital, who bought the house in 1997 for an unknown sum, according to property records. Before him, investment banker Samuel Wasserman and his wife Sandra purchased the house from Elinor Gimbel in 1984.
Elinor Gimbel — whose father Samuel Steiner was a major hops distributor — was a champion of women’s rights during World War[……]

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Title exec alleges “boys club” at TitleVest, First American sidelined women

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Title exec alleges boys club at TitleVest, First American sidelined women
Complaint said president Brian Tormey favored attractive women dubbed “Brian’s Angels”
New York /
From left: John Paku, Jacqueline Gold and Brian Tormey (Credit: LinkedIn)
A TitleVest senior executive who alleges she was fired after reporting a pervasive bro culture at the title firm, is suing the insurer and its parent, First American Corp., alleging there was an egregious strategy in place to remove female executives and replace them with less qualified males.
In a Feb. 2 lawsuit filed in Manhattan Supreme Court, Jacqueline Gold, 53, a former senior vice president of operations at TitleVest, said she was ostracized, stripped of responsibilities and later terminated after complaining to HR about widespread misconduct by her superiors, including TitleVest president Brian Tormey. According to Gold s suit, Tormey perpetuated a boys club culture and favored young and conventionally-attractive women dubbed Brian s Angels.
The explosive lawsuit is just the latest declaration in which women in the real estate industry say they ve been systematically marginalized and discriminated against in favor of male colleagues. The suit also shines a harsh light on the title industry — which has a reputation for hard partying and over-the-top entertainment. New regulations by New York s Dep[……]

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