Category : Featured

An investor who paid $10 million for a Little Itlay building has just sold it for $22.25 million. Josh Goldflam, managing principal of Manhattan based investment sales firm Highcap Group, says the deal is a perfect illustration of how well-located Manhattan buildings are still achieving prices that are comparable to the values seen in the boom years. “The building has been totally upgraded and renovated in recent years and the apartments are gorgeous,” said Goldflam,

As experts continued their investigation into the cause of a freak elevator accident that killed a Madison Avenue office worker last week, the city’s Buildings Department was reassuring a nervous workforce of its safety According to DOB spokesman Anthony Sclafani, fatal elevator accidents are rare in New York — 2008 was the last time anyone was killed — and engineers and city officials continually work to improve elevator safety. Last Wednesday morning, engineers from Transel Elevator Inc, a Manhattan-based elevator maintenance company, were performing electrical work on elevators at 285 Madison when advertising executive Suzanne Hart was killed after stepping into the elevator from the building's lobby.

By Liana Grey Chop’t, a chain of salad bars with several Manhattan locations, just leased a 1,909 s/f retail space on the ground floor of … Continued

Developer Hines announced the sale of the retail condominium at One Jackson Square to American Realty Capital for $22.5 million. ONE JACKSON SQUARE The retail … Continued