WHO’S NEWS: New COO at Daniel Gale Sotheby’s; Elliman hires luxury creative director
Appointments and promotions in the residential real estate sector
Category : Blog
Fisher nears full occupancy at 605 Third
Fisher Brothers announced that Wellspring Capital Management has signed a new 15-year lease to occupy the entire penthouse floor at 605 Third Avenue.
ON THE SCENE: Avison Young team sells Bowery building
AGENTS Crosstown Realty’s Ed Bruckstein has been appointed exclusive broker for the sale of a 22,000 s/f warehouse / office building in central Maspeth at 55-05 Flushing Ave. The warehouse has 18 ft. ceilings, a drive in, multiple loading docks and over 6,000 s/f of office space. Asking price is...
City seeks big ideas for small lots
The New York City Department of Housing Preservation and Development (HPD) and the American Institute of Architects New York Chapter (AIANY) have launched “Big Ideas for Small Lots NYC.
Issues to consider before jumping into a zero cash flow deal
Zeros are deals that are structured similar to bonds and usually take advantage of high debt to equity ratios.
Pension funds in multi-billion dollar logistics play
Ivanhoe Cambridge sells half of its $350 billion stake IDI Logistics to Oxford Properties. The joint venture will own a portfolio of 111 assets covering 31 million s/f as well as 35 development projects and a healthy landbank.
Love loan for Allure
$47.6 million construction loan for Allure on the Parkway, a market-rate, multifamily community in Sanford, Fl.
A decade on, investors continue to fight over Stuy Town billions
The New York State Appellate Division of the Supreme Court just ruled on a lawsuit over the $1 billion a debt servicer was paid as caretaker of the 11,200-unit apartment community.
L+M files new building plans for Sendero Verde
L+M filed plans for a 315-unit building at 60 East 112th Streetthat will be part of its Sendero Verde project on January 31.
VidMob subleases Chipotleʼs Fifth Avenue offices
Savills Studley tenant reps work our a space solution that works for both companies