Category : Featured

By Roland LiSteven Hornstock’s career has spanned accounting, residential development and land assemblage, culminating with his current position as co-managing partner and director of investment sales of ABS Partners. The real estate veteran attended Bentley College (now Bentley University) in Massachusetts, studying business and accounting.

The Algonquin Hotel By Daniel Geiger Cornerstone Real Estate Advisors has acquired the Algonquin Hotel for $82 million, according to people with direct knowledge of … Continued

By Roland LiA development site at 612-618 West 47th Street has been sold for $6.79 million in a foreclosure auction, according to city records. According to a listing by Massey Knakal, the the site is zoned to allow 19,750 buildable s/f, and a planned Hell's Kitchen rezoning could bring the site to 49,375 buildable s/f. The buyer was 618 West 47th Street LLC. Attorney John St. Jeanos of Herrick Feinstein LLP, who represented the buyer, declined to comment.

475 Fifth Avenue By Daniel Geiger L&L Holding Company dropped a lawsuit yesterday against Barclays that alleged it had a right of first refusal to … Continued

15 Little West 12th Street By Daniel Geiger Palantir Technologies is close to expanding at 15 Little West 12th Street, the brand new office building … Continued

By Roland LiRockefeller University has sold 409 East 60th Street for $24 million, according to city records. The school, founded by John Rockefeller in 1901, was the country's first biology and medical research institution. It had planned to demolish the existing four-story building and build dorms on the site, after acquiring the property in 2003 for $13.25 million from Mar-Ken Realty Corporation. But construction never occurred, and the building still stands.

By Roland LiThe Hunts Point produce market, one of the largest distribution centers of fresh fruit and vegetables in the world, has agreed to a tentative deal to extend its lease in the Bronx for three years. With over $2 billion in annual revenues and around 3,000 employees, along with around 6,000 visitors each day, the market is a large part of the local economy.

Willis Tower, Soakologist/Wikimedia Commons By Roland Li The owners of North America’s tallest building, the former Sears Tower in Chicago, are seeking a major investor … Continued

By Roland LiTwo weeks ago, the Columbus Avenue Business Improvement District (BID) held its annual food event, “New Taste of the Upper West Side,” on May 20 and 21, drawing over 1,500 guests and selling out tickets. It featured 35 restaurants, ranging from the upscale Dovetail and Landmarc to the casual offerings of Shake Shack and Insomnia Cookies. “It was remarkably successful,” said Barbara Adler, the BID’s executive director and one of its two full time employees.

1450 Broadway By Daniel Geiger The Zar Group has closed on its purchase of 1450 Broadway, the company announced on Wednesday. The firm, formerly known … Continued