Archive for the ‘Business’ Category

Berkshire Hathaway Real Estate: Warren Buffett’s Next Big Thing

Source: The Motley Fool Berkshire Hathaway Real Estate may not ring a bell, but it turns out Warren Buffett is all for trying to help you buy or sell a home. The long history In the fall of 1999 Berkshire Hathaway acquired MidAmerican Energy. Although much has been said about the energy businesses which now [...]

Cornerstone Lends $92.5M on Office Portfolio

Source: Commercial Observer Cornerstone Real Estate Advisers, a subsidiary of Massachusetts Mutual Life Company, lent $92.5 million to Pennsylvania-based real estate investor and manager Keystone Property Group, according to a press release from brokerage HFF, which arranged the deal. Keystone will use the proceeds of the three-year, floating-rate loan to upgrade several Connecticut and Westchester [...]

Minskoff Secures Tech Firm in Hudson Square

Source: Commercial Observer Cloud-hosting service provider DigitalOcean has signed for 23,500 square feet at Edward J. Minskoff Equities‘ 101 Avenue of the Americas, between Watts and Grand Streets. DigitalOcean’s lease spans the entire 11th floor and a portion of the 10th floor, The Real Deal reported. Rents in the building start in the $70s per [...]

Brookland Assembles Park Slope Development Site for $7.4M

Source: Commercial Observer Brooklyn-based Brookland Capital has scooped up a Park Slope development site at 550-554 Fourth Avenue at the corner of 15th Street from three different sellers for $7.4 million. Brookland is plannning to erect a new 13-story condominium with 45 residential units plus retail on the ground floor at the site, said Boaz [...]

Charles Cohen Ventures Downtown With Movie Theater Buy

Source: Commercial Observer Cohen Brothers Realty‘s Charles Cohen has bought the Quad Cinema in Greenwich Village. It marks the first time the company’s president and chief executive has closed a deal downtown. “I’ve never done anything south of 32nd Street,” Mr. Cohen told Commercial Observer. “I thought given its location and its potential and what [...]