The Real Deal Abraham Trust, led by Jacob Garlick, placed the winning bid of $190 million, or $745/sf, for the iconic Flatiron Building at 175 Fifth Ave in Manhattan The 121-year-old property was auctioned through Mannion Auctions in order to settle...
New York Post The Good Cause Eviction Bill winding through the New York state legislature would cap annual rent increases at New York City apartments at the greater of 3 percent or 15 percent of the increase in the Consumer Price Index The bill...
Commercial Observer The 11-unit apartment building at 271 West 11th St in Manhattan’s West Village neighborhood has been sold for $265 million, or $241 million/unit The four-story building, constructed in 1884, was sold by Alicia Harper, who...
The Real Deal Brookfield Properties is in talks to buy the 49 percent stake in the One Liberty Plaza office building in lower Manhattan held by Blackstone Group in a deal that values the property at $1 billion It’s effectively buying back the...
Commercial Observer Greystone has provided $2572 million of Freddie Mac financing against the six-building Beacon apartment complex, with 1,155 units in Jersey City, NJ The 10-year financing, arranged by Cushman & Wakefield, allows the...
The Real Deal Hines has paid $112 million, or about $427/sf, for the 262,000-square-foot Source at White Plains retail property in White Plains, NY The Houston company bought the grocery-anchored shopping center, at 100 Bloomingdale Road, from UBS...
Commercial Observer Terreno Realty Corp has paid $23 million, or about $418/sf, for a 55,000-square-foot industrial property at 42-11 Ninth St in Queens, NY The Bellevue, Wash, REIT bought the property, which sits on a 11-acre site in the...
New York Post Resolution Real Estate, which manages the 590,000-square-foot office building at 330 West 42nd St in midtown Manhattan, says it’s moving forward with a residential conversion of the 33-story building’s 22 upper floors The...
Crain’s New York Business East Rutherford, NJ, has sued Triple Five Group in an effort to recover what it says is $75 million in payments the developer of the American Dream shopping and entertainment complex owes The massive property, which...
Gothamist Sugar Hill Capital Partners faces losing certain apartment buildings it owns in upper Manhattan to foreclosure as it has fallen behind on its mortgage payments The New York investment manager had purchased a portfolio of 53 apartment...
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