Archive for the ‘Business’ Category

HK, Brickman Pick Up Chocolate Factory Lofts for $68M

Source: Commercial Observer HK Organization and Brickman have paid $68 million for the iconic Chocolate Factory Lofts in the Clinton Hill section of Brooklyn. The deal at 275 Park Avenue, which closed this Tuesday, was done in affiliation with private investor Jo-Ann Obergfell. “We just like the site for the location,” said Harry Kotowitz, a [...]

Windsor Terrace Apartment Building Sells for $17.5M

Source: Commercial Observer An apartment building in the Windsor Terrace neighborhood of Brooklyn has sold for $17.5 million, according to property records. The sale of the property, at 101 Ocean Parkway and adjacent to Kermit Place, closed July 31 and was recorded with the city last Friday. The purchaser, whose address is stated as that [...]

Jewelry Designer Inks Fifth Avenue Lease

Source: Commercial Observer Engagement and wedding ring designer Verragio will move into a fifth floor executive office and showroom space at 330 Fifth Avenue through a 10-year, 13,586-square-foot lease, the Wall Street Journal reported yesterday. The deal for space at the 14-story structure owned by Shulsky Properties with asking rents starting at $48 per square [...]

Former Bank Building in W’burg Asks $35M

Source: Commercial Observer The owner of the former Lincoln Savings Bank branch in Williamsburg has put the property on the market for $35 million, Commercial Observer has learned. The building, at 525 Broadway on the northeast corner of Boerum Street and Broadway, is comprised of an 60,300-square-foot office building with an additional 13,000 square feet [...]

Real-estate agents unfazed by July dip in home sales

Source: News Gazette For the first time in eight months, the number of home sales in the Champaign County area has failed to exceed that of the same month a year ago. But despite the outcome in July, the president of the Champaign County Association of Realtors said he believes the real-estate market will remain [...]