Real Estate Wire: What Lies Behind the Pepsi Sign; NYC Construction Spending Jumps 50%

Posted On Wed, August 13, 2014 By

Posted On Wed, August 13, 2014 By In Real Estate Wire

  • Tour the new Long Island City residential building that sits behind the Pepsi sign. [Curbed]
  • Extell is bringing a 52-story, 710,907-square-foot residential building to 41st Street and 5th Avenue. The company spent $16.46M on the development and to acquire the air rights from nearby St. Raphael’s Church. [CO]
  • Spending on NYC residential construction has jumped 50-percent, but the units yielded will be fewer than previous years. The reason? Dollars are being poured into building luxury properties designed for wealthy residents or investors. [Crain’s]
  • A profile of the six Chinese real estate titans snatching up properties in the city. [TRD]

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  • jkong

    Neat sign

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