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Sandro Rosell
FC Barcelona President
Saturday, June 24, 2017

Real Estate

Barneys flagship store on 60th Street in ManhattanWeathering Financial Woes, Dankner Sells Barneys in Chicago

Nochi Dankner’s Property and Building Ltd.—a unit of IDB Holding Corp. Ltd.—has sold the Barneys New York building in Chicago for $154 million, giving the company a return of 89 percent on its initial investment in the property in 2011, according to a report in Jewish Business News.

Property and Building bought the relevant property in 2011 for $122 million. According to Jewish Business News, it made a “cash flow” of $68.5 million on the sale, a surplus cash flow of $10.7 million over the past two years while in ownership of the property, and a cumulative gross profit of $8 million. This amounts to an 89 percent return on the investment over two years, according to the report’s

David Bistricer, principal of Clipper Equities, who is converting the Bossert Hotel on Montague Street back to its original transient hotel status.David Bistricer’s Clipper Equity and the family-owned Rieder Holdings are switching their strategy with a nearly 200-unit Upper West Side rental building, which they were working on converting to condominiums, according to The Real Deal.

The partnership sold 752 West End Avenue for $120 million, according to records filed yesterday.

The buyer appears to be the Miami-based developer Crescent Heights.

It remains unclear why the partnership decided to sell, but the flip seems to have been

The Sullivan Street site.The Real Deal reports that Broad Street Development, the builder behind such projects as Maison East on the Upper East Side and 184 Thompson in the West Village, is set to bring a new housing project to a site in Greenwich Village.

Douglas Elliman Development Marketing has been called upon to sell the project, located at 209-219 Sullivan Street; and the sales effort will be led by brokers Fredrik Eklund, who stars on the Bravo Hit “Million Dollar Listing”, as well as John Gomes and Sarah

Chelsea Clinton and husband Mark Mezvinsky arriving for Moma Film's Fifth Annual Benefit to tribute Quentin Tarantino, at the Moma in New York City on 3 December 2012.After buying a $10.5 million condo at the Whitman, first daughter Chelsea Clinton, 33, and her well-to-do Jewish businessman husband, Marc Mezvinsky, 35, have finally listed their home at the nearby Grand Madison for $4.5 million, StreetEasy shows.

The three-bedroom, 2.5-bath condominium is listed with Marcy Grau of Stribling & Associates for $4.48 million — nearly $500,000 more than what the investment banker paid when he purchased it for $4 million in February 2008, according to The Real

These handy tips for home improvement can assist both buyers and sellersBuying or selling a home in today’s real estate market? Go about it properly. From home inspections to home improvement, take your advice from leading experts.

Home Inspection

Because the industry is unregulated, be wary when hiring a home inspector. Protect yourself with these tips from, Pillar To Post, the nation’s largest home inspection franchise:

Get referrals from family, friends, your real estate agent and contractors. Interview everyone on your list.

Ask for qualifications and