Quantcast
Channel: Real Estate News NYC via Tigho » Katherine Clarke/TRD
Viewing all 281 articles
Browse latest View live
↧

UWS bed and breakfast trades to Long Island developer after bidding war

July 9, 2013, 10:25 am
$
0
0

A 7,380-square-foot residential building dating back to the 1880s has traded for the first time in more than 50 years to a Long Island-based developer for $8.6 million, according to the broker on the deal. The building, at 36 Riverside Drive, sold for $100,000 over its asking price after a bidding war, according to Eastern Consolidated Senior Director Adelaide Polsinelli, who represented the seller, a family partnership, in the closed deal. The building features eight… [more]

via http://feedproxy.google.com/~r/trdnews/~3/m2g5HnWCd_Y/


↧
Search

Investor close to making $65M deal for 57th Street retail building

July 9, 2013, 3:55 pm
$
0
0

Real estate investor Joseph Safdieh of Safka Holdings is close to completing the purchase of a four-story West 57th Street building for $65 million, according to court records, but first he must work out some kinks in the deal with the sellers. Safdieh inked an agreement to buy the property, at 220 West 57th Street, between Broadway and Seventh Avenue, in May. But he is now suing the owners, David Steinberg and Jill Isaacs, for… [more]

via http://feedproxy.google.com/~r/trdnews/~3/Ic_NA6jbLvk/


↧
↧

Dolly Lenz forms company, recruits six former Elliman brokers

July 10, 2013, 8:25 am
$
0
0

Former Douglas Elliman superbroker Dolly Lenz has formed a limited company and has staffed I. Dolly Lenz Real Estate with six former Elliman colleagues, The Real Deal has learned. Lenz incorporated her business at the end of June; the registered address is her home at the Park Imperial building at 230 West 56thStreet, according to public records. Moving over from Elliman are Aaron Lenz, her hur husband, as well as Brett Forman, Matthew Johnson, Tricia… [more]

via http://feedproxy.google.com/~r/trdnews/~3/jgC2bd2_ruk/


↧

United American snags another Tribeca rental for $11M

July 10, 2013, 10:24 am
$
0
0

United American Land, a family-owned real estate development and management company headed by brothers Albert, Jason and Jody Laboz, has purchased a multi-family building at 118-120 Duane Street in Tribeca, between Broadway and Church streets, for $11 million, The Real Deal has learned. The property, which was previously owned by an LLC dubbed Ackerman Holding Company, traded in an off-market deal, a source close to the deal said. The five-story, 27,000-square-foot elevator building has nine… [more]

via http://feedproxy.google.com/~r/trdnews/~3/2gWYmDYctJ8/


↧

LCOR shops leasehold at 545 Madison Avenue

July 10, 2013, 4:24 pm
$
0
0

LCOR, a national investment, management and development company, is quietly shopping around its leasehold in a 17-story, 140,000-square-foot building at 545 Madison Avenue, The Real Deal has learned. The firm, which has developed more than 18 million square feet of commercial space nationwide and manages over 7.5 million square feet, has tapped Eastdil Secured super brokers Doug Harmon and Adam Spies to market the property, although it has not officially come on the market, sources… [more]

via http://feedproxy.google.com/~r/trdnews/~3/2lS5vrgne8M/


↧
↧

Sitt Asset Management sells Midtown West DKNY headquarters for $63M

July 11, 2013, 9:55 am
$
0
0

A group led by Sitt Asset Management is selling fashion label Donna Karan New York’s 160,000-square-foot headquarters in Midtown West for $63 million, The Real Deal has learned. The buyer is AEW Capital Management. The building at 240 West 40th Street, between Seventh and Eighth avenues, went into contract June 30. It had been on the market for $65 million since last fall. A Jones Lang LaSalle team of Richard Baxter, Scott Latham, Ron Cohen… [more]

via http://feedproxy.google.com/~r/trdnews/~3/hrrcpyDgbgs/


↧

Brazil-based investor partners with Sitt Asset Management, fixes eyes on NY

July 12, 2013, 12:29 pm
$
0
0

A Lebanon-born billionaire with ties to Brazil’s Safra family banking empire has told The Real Deal that he is setting his sights on New York, and expects to bid on prime retail space in Manhattan as well as larger, high-profile trophy assets. In a telephone interview, Moni Shababo talked about his intention to park at least $100 million in New York real estate this year. He is focusing on retail, he said, because he believes… [more]

via http://feedproxy.google.com/~r/trdnews/~3/OdOSQYWtik0/


↧

Chapter 11 filing stalls auction of prime Madison Avenue development site

July 12, 2013, 1:54 pm
$
0
0

Real estate investment giant CIM will have to wait a little longer to wrest control of a mixed-use development site in Murray Hill now that the property’s owner has filed for bankruptcy, according to court documents obtained by The Real Deal. Russian developer Natalia Pirogova’s NMP-Group has filed for Chapter 11 protection to prevent the parcel from hitting the foreclosure auction block, which it had been slated to do this week. California-based CIM now has… [more]

via http://feedproxy.google.com/~r/trdnews/~3/MXIUg4GSeAE/


↧
Search

Orbach Group extends UWS buying spree with $13M deal

July 12, 2013, 3:54 pm
$
0
0

The Orbach Group has scooped up a multi-family building at 933 Amsterdam Avenue, adding to its burgeoning presence on the Upper West Side, The Real Deal has learned. The New Jersey-based residential real estate investment firm, headed by Meyer Orbach, paid $13.1 million, or $539 per square foot, for the 24,312-square-foot property in a deal that closed yesterday, according to Peter Von Der Ahe of commercial brokerage Marcus & Millichap. Von Der Ahe facilitated the… [more]

via http://feedproxy.google.com/~r/trdnews/~3/xom0wBGzUOU/


↧
↧

Benchmark looks to double money with West Village sale

July 16, 2013, 10:55 am
$
0
0

Aaron Feldman and Jordan Vogel went on a buying spree of small walk-ups across Manhattan when they founded their Benchmark Real Estate Group four years ago and now they’re on a selling spree. This property, like several of the others, is in Greenwich Village. Benchmark has listed a 10-unit, 6,705-square-foot building at 48 Bedford Street for $10.25 million, more than double the $4.48 million it paid last year, according to brokerage Marcus & Millichap. Marcus… [more]

via http://feedproxy.google.com/~r/trdnews/~3/Jp-EIDRYI0g/


↧

BRG acquires $68M Queens portfolio from Area Property

July 22, 2013, 9:26 am
$
0
0

BRG, a Long Island real estate investment company, has acquired a 19-building Queens multi-family portfolio for more than $68 million, a top BRG official told The Real Deal today. Senior Vice President Charles Agus declined to comment on the identity of the seller, but public records showed the property had been held by Area Property Partners, which is set to become part of Los Angeles-based private investment firm Ares Management, it was announced earlier this… [more]

via http://feedproxy.google.com/~r/trdnews/~3/w5DyNsXB5sk/


↧

Madison Avenue developer to test height of retail rents on northern strip

July 22, 2013, 4:10 pm
$
0
0

A nearly 15,000-square-foot retail space, with 100 feet of frontage on Madison Avenue and 74th Street, has hit the market with asking rents of up to $1,200 a foot, The Real Deal has learned. The space at 935 Madison Avenue, which is under construction, will occupy the ground-floor and lower level of a new condominium project spearheaded by healthcare entrepreneur and real estate investor Daniel E. Straus. The condominium is a conversion of six historic… [more]

via http://feedproxy.google.com/~r/trdnews/~3/hV3y5V5FJeI/


↧

Former Citi Habitats star Jason Saft is second to join Urban Compass

July 25, 2013, 11:25 am
$
0
0

Jason Saft, a Town Residential broker, has followed his former Citi Habitats colleague Gordon Golub to an executive position at real estate-themed tech startup Urban Compass, he told The Real Deal yesterday. Saft, perhaps best known for selling a $5.65 million Wooster Street pad to filmmaker Barry Levinson earlier this year, was at Town for four months. He previously spent close to nine years at Citi Habitats, where he worked closely with Golub, the company’s… [more]

via http://feedproxy.google.com/~r/trdnews/~3/on4tYKGbtJ4/


↧
↧

L&L buys Lehman’s stake in 425 Park for $140M

July 26, 2013, 6:25 am
$
0
0

Real estate investment firm L&L Holding Company, formerly the minority stakeholder in a new office development at 425 Park Avenue, has acquired the remaining 90 percent interest in the property from Lehman Brothers, The Real Deal has learned. The company paid close to $140 million for Lehman’s stake, said Robert Lapidus, president and chief investment officer at L&L. The stake was valued by Lehman at $84 million in 2006. Eastdil Secured’s Adam Spies and Joshua… [more]

via http://feedproxy.google.com/~r/trdnews/~3/laa9wNHjMyQ/


↧

Vantage, Area continue selling spree with Upper Manhattan sale

July 26, 2013, 12:25 pm
$
0
0

A partnership between Queens-based Vantage Properties and longtime collaborator Area Property Partners has sold an Upper Manhattan multi-family building for $16.25 million, the latest in a string of sales for the two companies which have been briskly selling off assets in the area, sources close to the deal told The Real Deal. The 103-unit, seven-story property, at 1 Bogardus Place, sold to Doug Eisenberg of A&E Real Estate, a New York-based investment firm, a source… [more]

via http://feedproxy.google.com/~r/trdnews/~3/uIcs1ciUd4o/


↧
Search

Hedge funder sells 15 CPW unit on the QT – for $29M

August 5, 2013, 8:55 am
$
0
0

Hedge funder Zachary Jared Schreiber has quietly unloaded his three-bedroom apartment at 15 Central Park West for $29 million, according to public records filed with the city today. The sale comes more than a year after Schreiber, a founder of PointState Capital, and wife Lori purchased a ninth-floor co-op at 1030 Fifth Avenue for $31 million. The unit at 15 Central Park West sold to Mussik Capital Corporation in a deal that closed July 10…. [more]

via http://feedproxy.google.com/~r/trdnews/~3/sg5ePqiVHG0/


↧

Old Ridley store sells for $27M to condo developer

August 6, 2013, 8:28 am
$
0
0

A developer known for converting old buildings into condominiums has paid $27 million for the former Ridley Department Story on the Lower East Side, according to public records filed with the city today. Orchard Street Equities, LLC, listed on public records as in the care of developer Jackie Jangana’s Great Neck-based company Continental Worsteds, closed on the Orchard Street deal on July 22; Continental’s projects include the condo conversion of Tribeca’s 46 Lispenard Street, which… [more]

via http://feedproxy.google.com/~r/trdnews/~3/HREPOtxh4po/


↧
↧

TV star Ortiz lands at Elliman after KWNYC firing

August 7, 2013, 9:25 am
$
0
0

Luis D. Ortiz, the newest star of “Million Dollar Listing New York,” has officially signed on to work at Douglas Elliman, he told The Real Deal exclusively today. Ortiz had been at Keller Williams NYC until last week, when the brokerage announced his firing; the company told TRD last week that it was uncomfortable with Ortiz’ association with the television show, which execs see as sensationalistic and not in line with the Keller Williams brand…. [more]

via http://feedproxy.google.com/~r/trdnews/~3/QQmtKjRxA_A/


↧

Key Ventures agent jumps to Town with $48M exclusive

August 8, 2013, 7:25 am
$
0
0

High-end luxury broker Beverly Cole has joined Andrew Heiberger’s Town Residential from boutique brokerage Key Ventures, she told The Real Deal. Cole, predominantly a townhouse broker, has brought her exclusive on a $48 million Gilded Age mansion at 57 East 64th Street, which has been on the market for nine months, to Town. The townhouse, a 14,000-square-foot Beaux Arts residence owned by Italian fashion house Gilmar and designed by architect C.P.H. Gilbert, came on the… [more]

via http://feedproxy.google.com/~r/trdnews/~3/Zxua8Z6be7g/


↧

Centaur bets again on West Chelsea with $45M buy

August 9, 2013, 10:54 am
$
0
0

Developer Centaur Properties has paid $45 million to acquire a West Chelsea site with close to 110,000 square feet of unused air rights, according to public records and data from PropertyShark.com. A 35,000-square-foot building sits on the site, at 526 West 28th Street between 10th and 11th avenues. It was previously home to nightclubs like Pink Elephant, Mansion and Crobar. A developer could build an up to 144,000-square-foot residential building as of right; the site… [more]

via http://feedproxy.google.com/~r/trdnews/~3/Smcs-8bvCL8/


↧
Viewing all 281 articles
Browse latest View live
Search