Real Estate

The tower at 111 Wall St. epitomizes the crisis that faces the Manhattan commercial real-estate market — and the city itself. The 1960s-vintage tower emerged from its ugly-duckling original appearance as a born-again downtown gem after a top-to-bottom redesign. But the timing couldn’t be worse for its owners, who invested close to a half-billion dollars
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This waterfront getaway just became the most expensive purchase in Hamptons history. Documents freshly made public reveal that an international marina company paid a record-breaking amount of $149.4 million for the Montauk Yacht Club.  The hotel, beyond its sky-high purchase price, is known for its posh accommodations and Block Island Sound views.  The 107-room resort
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