Archive for the ‘Business’ Category

Dalan Pays $9.8M for Three Former Extell Retail Condos

Source: Commercial Observer Dalan Management has purchased several retail condominium units in the Flatiron District, which were developed and formerly owned by Extell Development, for $9.8 million, Commercial Observer has learned. The 9,000-square-foot, off-market deal included two ground-floor units at Altair 18 at 32 West 18th Street and one ground-floor unit at Altair 20 at [...]

34-Year Bronx Leasehold Sells for $18.4M

Source: Commercial Observer A 34-year leasehold on a newly constructed two-story retail and office building with a 74-car parking garage in the Morrisania section of the Bronx sold last week for $18.4 million, Commercial Observer has learned. The 53,705-square-foot building and 24,300-square-foot parking garage is located at 840 Westchester Avenue on the southeast corner of [...]

Yamato Village Center in Boca sells for $6.5 million

Source: Sun Sentinel A family-owned real estate investment firm paid $6.5 million for the Boca Raton retail center anchored by Doris Italian Market. Boca YVC LLC bought the 30,000-square-foot Yamato Village Center at 9101 Lakeridge Blvd. from Dratax Corp. Coldwell Banker’s Ron Kent has handled leasing at the center since it opened in 1994. Kent [...]

UWS Condo Package Sells for $9.65M

Source: Commercial Observer JAMES Development Company purchased a condominium package at 610 West 110th Street for $9.65 million on July 2, Commercial Observer has learned. The units, which are comprised of 20,700 square feet, were bought from a partnership including Ares Management, Urban American Management and Ramius LLC, according to a release from Eastern Consolidated. Read [...]

Two Harlem Buildings Sell For Double Their 2011 Purchase Price

Source: Commercial Observer Central Harlem’s 110 West 111th Street and 247 West 113th Street have been nabbed for $12.6 million, exactly double what they were purchased for in November 2011, Commercial Observer has learned. The buildings, which are just off Central Park North, contain a total of 43,344 square feet and 48 apartments. Ronnie Shaban [...]