Archive for the ‘Business’ Category

Residential Real Estate Firm Nabs Lever House Space

Source: Commercial Observer Urban Compass, a residential real estate firm, has taken the entire 14th floor at RFR Realty‘s Lever House, at 390 Park Avenue between 53rd and 54th Streets. The start-up’s new development team and brokers will occupy the 10,700-square-foot space, Crain’s New York Business reported, starting Oct. 1. The real estate company, which [...]

Case Real Estate Capital announces $20M in deals during Q3

Source: NJBIZ Case Real Estate Capital, LLC, a Rochelle Park-based real estate financing company, announced Friday that it had finalized more than $20 million in debt and property acquisitions during the third quarter of the year. “In anticipation of the current real estate market cycle, Case’s scope of services was enhanced to meet the extremely [...]

Newscaster selling $3M Quogue beach house

Source: NY Post Local news anchor Maurice DuBois is selling his beach home at 44 Box Tree in Quogue for $2.59 million. The post modern two story home, built in 2004, is a roomy 4,712 square feet. It comes with five bedrooms, five bathrooms, two fireplaces and a pool and tennis court — all on [...]

Norway now second-largest buyer of US commercial real estate

Source: The Real Deal Norway, surprisingly, now ranks second among foreign U.S. commercial real estate buyers, topped only by Canada. The sovereign fund that manages the country’s substantial oil wealth made a play for Blackstone Group’s 1095 Sixth Avenue just last week, in a deal that is expected to fetch up to $2.25 billion. The [...]

Brooklyn Property Investor Buys Bed-Stuy Building for $2.05M

Source: Commercial Observer A four-story, mixed-use property at 328 Marcus Garvey Boulevard in Bedford-Stuyvesant has been sold for $2.05 million, or $360 per square foot. Located on the corner of commercial corridor Marcus Garvey Boulevard and Madison Street, the building contains three residential units and two retail units on the ground floor. Altogether, there is [...]