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Prudential Douglas Elliman Real Estate

ICSC

Wheeling and dealing at Del Posto.

After Hours: Real Estate Brokers Look For After-After-After ICSC Party

It’s ICSC week in New York City and while many in the retail business consider the event secondary to the larger conference held by the organization in Las Vegas each May, for many Manhattan real estate brokers, the conference is the most important of the year—and not necessarily just because of its jam-packed daytime roster of speakers and seminars.

In establishments from the New York Times’s four-star-rated Del Posto to the Dream Hotel in Lower Manhattan, buttoned-up retail brokers will be wining and dining potential clients during a two-day orgy of after-hour soirees, dinners and suds-soaked meetings, all designed with the deal in mind.

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Olsen Twins Sell—Finally—at 1 Morton Square for $7.7 M.

Will Mary-Kate and Ashley Olsen's One Morton Square penthouse finally be a full house?

According to city records, the identical-twin franchise has finally sold the oft-price-zig-zagging West Village apartment—which they never lived in—for $7.7 million, only $300,000 more than they paid for the "twelve room trophy" in 2004. Listed with Prudential Elliman's buzzed-about broker Jared Seligman, Read More

Publishing with Polish! Essie Sovereign Buys Peter Olson’s $4.5 M. Duplex

When publisher Peter Olson stepped down from his position as chief executive of Random House in May of 2008, few were surprised by the news. More recently, Mr. Olson stepped down from another perch: 799 Park Avenue. However, unlike his step-down from Random House, this switch was less predictable.

According to a deed filed Tuesday Read More

Dolly Lenz Falls to Earth

On Feb. 12, after seas of silk-scarved, shiny-shoed, power-suited real estate brokers shuffle into the Pierre’s ballroom, the colossal real estate brokerage Prudential Douglas Elliman will name its broker of the year. Just as it’s been since Dottie Herman and Howard Lorber bought the company in 2003, and as it will be until the day Read More

Hamptons Housing Catches Cold

Did somebody say symbiosis? At a time when Manhattan dwellers struggle with lackluster year-end bonuses and job losses, the Hamptons has suffered its own crisis: one of real estate, the East End playground's great arbiter.

A new Miller Samuel and Prudential Douglas Elliman report shows home sales off annually over 41 percent in the fourth Read More

Emergency Belief

Two thousand eight was a year that can’t be forgotten soon enough by the browbeaten souls unfortunate enough to make their living in the city’s real estate market, which proved to be a much choppier sea to navigate than most expected over the past 12 months. It mattered little if you were in the commercial Read More

Brooklyn Housing Boom: Dude, It’s So Over

The number of Brooklyn home sales dropped 42.7 percent annually in the fourth quarter of 2008, according to a new report from Prudential Douglas Elliman and appraisal firm Miller Samuel (and authored by ace Jonathan Miller). At the same time, the median home sales price dropped 7.5 percent to $490,000.

As the graphic indicates, Brooklyn’s more Read More

Warren G. Harding and the Manhattan Housing Market

Warren G. Harding, during his 1920 presidential campaign, pledged “a return to normalcy” for an America beset by the shocks of the First World War and an overly involved federal government. He won 60-plus percent of the vote.

Much like Harding’s sales pitch, the Manhattan housing market, buffeted for months now by uncertainty and Read More