A longtime member of the top-producing Carrie Chiang Team is leaving Corcoran to join Brown Harris Stevens.  After eight years with Chiang’s cohort, Andres Perea-Garzon is striking out on his own as an individual agent, the brokerage announced Monday.  Perea-Garzon’s move follows Compass’ acquisition of Anywhere Real Estate, Corcoran’s parent company, which closed earlier this year. Perea-Garzon cited the rise of private listings — of which Compass and its CEO Robert Reffkin have championed — and BHS’ stance on their place in the market among the reasons for his exit.  “We align very, very well in terms of our values,” […]

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Cyrus and Darius Sakhai’s Sovereign Partners is closing in on another Midtown East office buy. The brothers are in contract to buy the 40-story office building at 575 Fifth Avenue for around $380 million, The Real Deal has learned. That’s around what MetLife paid in 2005, when it snapped up the Class A tower for $385 million. The insurance giant sold a 50 percent stake in the office portion to Beacon Capital Partners in 2015 for an undisclosed price. The deal was struck on the sellers’ second attempt to bring the property to market. The partners put the 40-story building […]

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Blackstone is planning to bring its data center investment business directly to retail investors.

Developers are ready to get sweet on a 33-acre waterfront site in Yonkers. Cushman & Wakefield is marketing American Sugar Refining’s former refinery at 1 Federal Street in Yonkers, Bisnow reported. The Domino Sugar refinery was shut down late last year as plant operations were shifted upstate. The recently rezoned site can accommodate roughly 2.6 million square feet of development, according to the brokerage, along with more than 2,600 residential units, commercial space, retail space and community space. The site is located between a pair of Metro-North Railroad stations, each of which can get commuters to Manhattan in approximately 45 […]

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The vessels exited the Strait of Hormuz on Monday, hours before a U.S. naval blockade took effect.

The United States said it has started to block vessels doing business with Iran from the strait. Details on how that would work are unclear.

A sanctions waiver aimed at keeping global oil prices down had allowed Moscow to sell oil currently at sea.

A state Supreme Court judge ruled against the co-founders of a boutique New York City-based brokerage in an early test of the allegations pitting the executives against their investors. Judge Joel Cohen ordered Casa Blanca CEO Hannah Bomze and COO Erez Zarur to provide their investors full access to the company’s financial records and pay $1.3 million into the court. If Bomze and Zarur, who are married, fail to pay that amount, Casa Blanca has the right to put a lien for that amount on their newly purchased apartment.  The decision came in response to a request for a preliminary […]

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The judge said President Trump had not “plausibly alleged” that The Journal published the article with actual malice.

The judge said Mr. Trump had not “plausibly alleged” that The Journal published the article with actual malice.