Apartment Complex in Queens Sold for $1.3 Billion
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The sale of Starrett City, the sprawling low and moderate income complex on Jamaica Bay in Brooklyn, illustrates an exuberant real estate market, experts say.
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The federal housing secretary rejected the proposed $1.3 billion sale of the working-class enclave in Brooklyn.
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Staid old is sexy? Steven Roth, one of the city&#39;s savviest real estate minds, thinks so. His Vornado Realty Trust bought a 4.3% stake in the middle-American retailer - and drove up Sears Roebuck&#39;s
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NEW YORK, August 30 (New Ratings) - LNR Property Corporation (LNR.NYS) has reportedly agreed to be acquired by Riley Property Holdings LLC for about $3.
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One Beacon Street, one of Boston's earliest prominent office towers, was sold yesterday for about $340 million, the third time in two years a sale had been in the works for the 34-story building.
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Brookfield Properties Corp., which owns 48 commercial sites including the World Financial Center in New York, bought a 19-story office tower in Rosslyn, Virginia, from Deutsche Immobilien Fonds AG for $106 million.
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By Anthony Spangler, Fort Worth Star-Telegram, Texas  Jun. 6--To applause from east side residents, the Fort Worth council agreed to buy two vacant apartment complexes in a blighted east side neighborhood for $3.8 million, with plans to raze them to make way for new development.
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Deal worth $1.35 billion is designed to help Intuit attract a larger number of financial institutions as customers.
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The demand for homes above $1 million -- a price point that increasingly refers to the move-up market in expensive parts of the Bay Area - - remained strong in the third quarter, though below the record-setting pace set in the second quarter.
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Blackstone Group of New York is planning to sell the Washington portfolio formerly owned by Chicago-based Equity Office Properties Trust, one of the nation's largest landlords, sources close to the deal said.
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In a trend Montgomery County officials called shocking, the median price for a newly constructed single-family detached home in Montgomery rocketed to a record high of $1.13 million in the first quarter of this year, according to government data released yesterday.
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The most attractive thing about the run-down Arlington condominium David Larrea bought at the end of 1999, he says, was its price: $65,000.
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SYDNEY/NEW YORK  - Australia's Centro Properties Group  and Centro Retail Trust  have agreed to buy New Plan Excel Realty Trust  for about $3.4 billion in cash, accelerating Centro's push into the United States.
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Blackstone Group plans to sell some New York office buildings it is acquiring from Equity Office Properties Trust  to Macklowe Properties for about $7 billion, a source close to the deal said on Wednesday.
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U.S. real estate investment trust  Heritage Property Investment Trust, Inc.  said on Sunday  it had agreed to be bought by Australia's Centro Properties  Group  for around $1.7 billion.
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The $3 billion Freedom Tower, the skyscraper at the heart of the rebuilt World Trade Center site, could be sold to private investors, according to a real estate investment executive who said he was approached.
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Property in Manhattan continues to escalate in price, and that includes parking spaces.