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Data on Housing Relief Questioned

Banks and mortgage firms are providing questionable information about the number of subprime mortgage borrowers they are helping and the rate at which homeowners are falling into foreclosure, according to the top regulator for the nation's largest banks....
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Manhattan for Rent

New York's top retail corridors ranked by their changes in average asking rents per square foot....
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'Sex' and the Brokers

When Elaine Clayman was starting out as a real estate broker, she sold a four-bedroom luxury condominium for $1 million to a couple who had planned to spend $480,000....
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N.Y. Landmarks for Sale to Foreigners?

The New York Post reported Wednesday that the Abu Dhabi Investment Council, a fund based in the United Arab Emirates, is in negotiations on an $800 million deal to buy a 75 percent stake in Manhattan's Chrysler Building....
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Hook Ikea Expecting Opening Day Frenzy, Planning Camp Out

The staff of the enormous Ikea at 1 Beard Street is expecting quite a crowd for the store's opening...
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Sexy, raw and no-frills

The new top sales office in the city is the Sales and Design Tin for HL23, a stunning 11-residence Neil Denari-designed building that will cantilever over the High Line....
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Doorman wins $5 million, wants apartment in his building

A New York doorman who struck it rich when he won a state lottery is still about $5 million short of being able to buy a home in the Park Avenue building where he works, a newspaper said on Thursday....
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How HUD’s mortgage policy fed the crisis

Agency labeled risky loans ‘affordable’ and finance firms bought them up...
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Mortgage delinquency soars in NYC

The 60-day delinquency rate for New York City rose across all five boroughs, as the percentage of borrowers delinquent on their mortgages nearly doubled in the first quarter....
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"Mayor" of Coney Island Living on Taxpayers' Money

A member of the city's Coney Island Development Corp. has been quietly living in a beachfront building rent-free on the taxpayer's dime, thanks to a $3.6 million sweetheart deal he cut last year with the Bloomberg administration, the Post has learned....
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City Agency Owes Millions in Unpaid Water Bills

The NYC Economic Development Corporation, the agency "responsible for promoting economic growth throughout New York City through real estate development programs, business incentives and more", owes $4.5 million in unpaid water and sewer bills from the past 22 years....
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Dozens of Families Facing Foreclosure to Rally in Albany, Demand Action for Subprime Victims before Session Ends

Families from Across the State: Albany Business As Usual Means We’ll Lose Our Homes - We Can’t Wait Any Longer...
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Banks' Uncertainty Drives Up Midtown Office Vacancy

More top Midtown office space opened up in May as the Class A vacancy rate there rose for monthly and annually. The rate increased from 6.5 percent in April to 7.1 percent, according to a new report from Colliers ABR....
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Lehman's Property Bets Are Coming Back to Bite

The stunning $2.8 billion second-quarter loss Lehman Brothers Holdings Inc. announced Monday stemmed in part from two big real-estate investments made at high prices near the top of the market that are coming back to bite the investment bank....
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No-Downpayment Loans Still Out There

Despite banks’ reactions to the foreclosure crisis, it’s still possible for a potential homeowner to buy with no money down. ...
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