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U.S. Property Sales Fall 8% in the First Half of 2018
One of the largest office sales in the first half of 2018 was 5 Bryant Park in New York City, which Savanna Capital acquired in May from The Blackstone Group for $640 million.Commercial real estate sales f.....»»
ON THE SCENE: Ariel to sell 2 MIH properties, Focus Property Group buys Brooklyn church
AGENTSÂ Ariel Property Advisors has been exclusively retained to sell 173-175 McGuinness Boulevard, a development site in the Brooklyn neighborhood of Greenpoint. The asking price is $5.4 million. The 50 by 100 ft. irregular site is situat.....»»
Manhattan real estate closes 2018 as worst year since the financial crisis
The number of home sales in Manhattan fell 14 percent in 2018, the steepest drop since 2009, according to new data. The median price for an apartment in New York City fell below $1 million for the first time in three years in the fourth quarter......»»
Heyday closes $20M round for expansion, names former Rent the Runway COO president
Skincare company Heyday has closed a $20 million Series B round to fund expansion and has added as president Maureen Sullivan, the former president and COO at Rent the Runway. New York City-based Heyday said it plans to use the funding add “hundred.....»»
"This has been a problem for years": In heated public meeting, debate rages over whether city follows protocol with developments
The debate was sparked by a review of the blighting study of Grand Center's Jesuit Hall, where Neighborhood Properties wants to invest $80 million to redevelop the property into a multifamily development......»»
South Jersey warehouse sells for $20.2M to New York investor
A 183,000-square-foot distribution warehouse in West Deptford has sold for $20.2 million as South Jersey continues to see strong demand for industrial properties. The building, located at 100 Friars Blvd, was sold by the property's tenant, ICS Co.....»»
City closes "safe streets" program
On April 2, the day that coronavirus infections around the globe hit 1 million, managers inside JPMorgan Chase & Co. were emailing their latest plans for staffing New York-area trading floors amid... To view the full story, click the title link......»»
Team Success in the Big City
David Fernandez Founder and Principal Team Fernandez, Compass Years in Business: 12 Size: 5 agents Regions Served: All five boroughs of New York City 2019 Sales Volume: $57 million 2019 Transactions: 100 David Fernandez s.....»»
Report: SL Green deal to sell Midtown building for $815 million falls through
A deal for SL Green Realty Corp., one of New York City's largest landlords, to sell the former New York Daily News headquarters in Midtown has fallen apart, according to The Wall Street Journal. The agreement was for a New York City property invest.....»»
The Trump Organization reportedly bribed New York City tax officials to pay lower taxes on multiple properties
Reuters The Trump Organization bribed New York City tax officials to lower its property tax for mul.....»»
$13M from downtown Milwaukee properties could help finance Century City"s debt
Milwaukee officials endorsed a plan to funnel $13.3 million in real estate taxes from downtown properties to pay debt on the Century City Business Park that has struggled to attract employers. The move represents property tax money from successful do.....»»
Uber-rich push NYC apt. prices sky high
Despite fewer home sales, the average price of a New York City apartment has been pushed up by very wealthy buyers. Sales like the $92 million apartment at 220 Central Park South last December have ske.....»»
WHO’S NEWS:HR&A Advisors announces Eric Rothman as new CEO
JLL has announced Caroline Gadaleta will lead the firm’s property management business in the New York Tri-State region. Based in New York City, Gadaleta will oversee strategy and operations of.....»»
Hedge fund billionaire buys Florida mansion for $111 million, setting state record
The founder of New York-based hedge fund Schonfeld Strategic Advisors closes on the 6-acre estate known as La Reverie......»»
Tony Union City condo development bags $44M construction loan
National Realty Investment Advisors (NRIA) has secured a $44 million construction loan for its 55-unit gated development in Union City, NJ. S3 Capital Partners, a New York City-based private lending platform, provided th.....»»
Hedge fund billionaire buys Florida mansion for $111 million, setting state record
The founder of New York-based hedge fund Schonfeld Strategic Advisors closes on the 6-acre estate known as La Reverie......»»
The penthouse of NYC"s Woolworth Building just got a $31 million price cut. Check out "The Pinnacle," which occupies the top 5 floors of the iconic, green-roofed skyscraper.
Alchemy Properties The 9,680-square-foot penthouse of New York City's iconic Woolworth Building is back on the market for $79 million, Business .....»»
NorthMarq arranges BRiQ refiʼ
Robert Delitsky, managing director of NorthMarq’s New York City office, arranged a $51.85 million refinance of the BRiQ, a Class A, 21-story, 110 unit property located at 237 Duffield Stree.....»»
Take a peek at the city"s top property sales
For yearlong access to lists assembled by Crain's New York Business, please or To view the full story, click the title link......»»
Ariel reports bleak multifamily sales
New York City’s multifamily property market took a hit in the first half of 2019, a direct result of looming changes to the state’s rent regulation laws. Transact.....»»