Archive for the ‘Business’ Category

Developer ready to start work on Spring Valley

Source: Idaho Statesman About six years ago, developers of seven newly approved planned communities in rural Ada County were poised to build more than 23,000 homes on nearly 13,000 acres. Another dozen mega-development proposals that could have added thousands more homes on thousands of acres of farm and Foothills land were in the works. Then [...]

Sam Chang Picks Up West 36th Street Building for $50.8M

Source: Commercial Observer Developer Sam Chang‘s McSam Hotel Group has picked up 334 West 36th Street from the Postgraduate Center for Mental Health for $50.8 million. Mr. Chang said he doesn’t know yet whether he plans to erect a hotel or residential rental building at the site. The sale of the property, which is between [...]

Bay Ridge Medical Office Building Asking $8.1M

Source: Commercial Observer Marcus & Millichap has placed a 24,829-square-foot medical office building in the Bay Ridge section of Brooklyn at 9020-9024 5th Avenue on the market with an asking price of $8.1 million, or $326 per square foot, Commercial Observer has learned. The building includes a parking garage, an anchor tenant in Mount Sinai [...]

Metropolitan College eyes Rector Street spot

Source: The Real Deal The Metropolitan College of New York, on the search to relocate its Hudson Square campus, is eyeing a 110,000-plus-square-foot office condo at 40 Rector Street. Such a deal would mark the largest buy at the building since owner Phillips International began converting the property three years ago. MCNY, the professional education [...]

Certes, United Management Nab UWS S.R.O. for $15M

Source: Commercial Observer Certes Partners and United Management Corp. have purchased the infamous single-room-occupancy hotel Camden Hotel on the Upper West Side for $15 million. The seller of the building, once ranked the 24th Precinct’s second most dangerous building, was Steve Tzolis, owner of Il Cantinori and Periyali restaurants. Sunder Jambunathan, a principal at Certes, [...]