Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech. As an alternative to the traditional IPO, special-purpose acquisition companies made a comeback last year with 248 blank-check firms going public, raising $83 billion, according to SPACInsider. This year is shaping up to be even bigger for SPACs. Along with names like Bill Ackman, Alec Gores and Chamath Palihapitiya, New
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A former Lehman Brothers executive is calculating a big profit for his Carnegie Hill mansion. Robert Millard listed his Beaux-Arts home for $38 million, more than six times what he paid for it 24 years ago, property records show. It’s unclear what kind of upgrades and improvements have gone into the six-story townhome. The 14,125-square-foot mansion at 9 East 88th Street was designed by architects James Turner and Willam Killian at the turn of the
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