Category : Featured

By Daniel GeigerIluna USA, a Milan based manufacturer of women’s undergarments, has purchased a roughly 6,000 s/f condo unit at 110 East 40th Street. The company paid $2.75 million for the space, which constitutes half of the third floor. Michael Rudder and Michael Heller, who operate a brokerage and consulting group that specializes in commercial condo sales and conversions, represented the company in the deal. 110 East 40th Street, a roughly 100,000 s/f building, was acquired by the investment firm Philips International in early 2009 for around $35 million.

By Roland LiThe Parkoff Organization has purchased three adjacent mixed-use buildings in Upper Manhattan for $14 million, according to city records. The six-story properties, at 192-206 Dyckman Street, total 74,652 s/f and have 72 residential units and 12 commercial units, according to PropertyShark.

PropertyShark By Daniel Geiger Summit Rock Advisors, a financial consultant and portfolio manager to foundations and wealthy families, has renewed and expanded its office lease … Continued

PropertyShark By Daniel Geiger Havas, the French advertising firm, is in talks to potentially take as much as 300,000 s/f at 60 Hudson Street multiple … Continued

By Daniel GeigerRoshan Shah, a broker at CB Richard Ellis, has been promoted to senior vice president, making him one of the youngest executives to achieve that rank at the global brokerage and real estate services company. Shah, who received his promotion before he recently turned 31, began his career at CBRE seven years ago, originally as a junior member of a powerful brokerage team led by one of the firm’s most successful dealmakers, Stephen Siegel.

By Daniel GeigerBruce Mosler, a top leasing executive at the real estate services firm Cushman & Wakefield, has been named the leasing agent for two buildings in midtown, 260 and 261 Madison Avenue, Cushman & Wakefield announced. Since stepping down as Cushman’s chief executive last year to return to brokerage, Mosler has picked up a number of leasing agencies with landlords, including the multimillion square foot commercial portfolio of the real estate investor Charles Cohen.

By Roland LiGaia Real Estate has purchased a Harlem mixed-use building for $19.5 million, according to city records. Gaia will convert the building, at 1967 Adam Clayton Powell Boulevard, into 35 condo units and lease out its five vacant retail spaces, according to Amir Yerushalmi, managing director of Gaia.

PropertyShark By Roland Li Extell Development Co. has sold an empty parcel of land in Soho to Tavros Capital Partners for $17 million, according to … Continued