Archive for the 'Acquisitions' Category

Hudson Yards dig

Frank McCourt Purchases $167 Million Plot in Manhattan’s West Side

Posted on September 14th, 2013 · Posted in Acquisitions, Development

Former LA Dodgers owner Frank McCourt has made his first investment in New York City with a recent purchase of a $167 million development site on Manhattan’s West Side. Mr… read more

225 Fifth Avenue

CIM Acquires Fifth Avenue Retail Space

Posted on December 29th, 2012 · Posted in Acquisitions

CIM Group recently acquired 225 Fifth Avenue for an estimated $80 million according to sources familiar with the deal. The acquisition consists of two parcels of retail space totaling just.. read more

Monopoly Cowboy

Kaufman Acquires Building in Thriving Midtown South

Posted on December 23rd, 2012 · Posted in Acquisitions

The Kaufman Organization in partnership Lubert-Adler has acquired 27-35 West 24th for $55.5 million. The 11-story property features roughly 120,000 square feet of space including ground floor retail and is.. read more

Lehman Townhouse

The Most Expensive Office Space in Manhattan

Posted on December 22nd, 2012 · Posted in Acquisitions

My clients always want to know where they can get the best deal but for today’s post I’ll focus on the most expensive space in town (hint it isn’t the.. read more

Candler Building

Epic LLC Acquires Candler Tower in Times Square

Posted on December 9th, 2012 · Posted in Acquisitions

Paramount Group has sold the 228,000 square foot Candler Building in Midtown Manhattan to Epic LLC for a price reported to be around $200 million. The 24-story terracotta building at.. read more

386 Park Avenue

WMC and Principal Real Estate Acquire 386 Park Avenue

Posted on October 18th, 2012 · Posted in Acquisitions

William Macklowe Company and Principal Real Estate Investors recently acquired 386 Park Avenue South for just over $111 million. The Art Deco styled property located at East 27th and Park.. read more

635 and 641 Sixth Avenue

SL Green Adds Two Buildings in Midtown South

Posted on October 13th, 2012 · Posted in Acquisitions

SL Green Realty Corp. recently acquired two adjacent office buildings at 635 and 641 Sixth Avenue in Midtown South for approximately $173 million. The recently closed deal saw them pay.. read more