Who's keeping the upper strata of the NYC real estate market hot this summer? The Russians! "There's a renewed interest in having pied-à-terres," Patricia Cliff, the Corcoran Group?s director of European affairs, tells NYMag's Deborah Schoeneman. What are they buying? Charming little fixer-uppers like $12 million Upper East Side townhouses and massive units in the Time Warner Center. Unfortunately, the trend cannot be pinned entirely on 19-year old heiress/real estate maven Anna Anisimova -- though, what the hell, let's go ahead and blame her anyway.
· The Russians Are Coming [NYMag]
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