Archive for the ‘New York’ Category

The old-fashioned office building is getting a brand new look

Source: The New York Post Developers are finding that old bricks make appealing new haunts for trendy tenants – so long as stunning expanses of glass are involved. But to get to “yes” and a signed lease – along with the sprawling glass additions – modern amenities, roof decks, technology and infrastructure all have to [...]

SL Green to Acquire 635 Madison Stake, Soho Retail Condos

Source: Commercial Observer SL Green has agreed to acquire the fee interest at 635 Madison Avenue for $135 million in an off-market transaction, the real estate investment trust announced today. The building is owned by Ashkenazy Acquisition Corporation. The property includes a ground lease that expires in 2030 and includes one 21-year renewal extension option. [...]

Old 21st Precinct Station House in Gramercy Area Sells

Source: Commercial Observer The former 21st Precinct station house, which served as a Gramercy Park-area group residence for 25 lesbian, gay, bisexual, transgender and queer young people, has sold for $11.5 million to Suzuki Capital. Green Chimneys, a Brewster, NY-based nonprofit organization that provides residential, educational, clinical and recreational services to young people, paid $1.7 [...]

Werner In Contract for Mobil Building

Source: Commercial Observer Investor David Werner is in contract to acquire the Mobil Building at 150 East 42nd Street for more than $900 million, according to The Wall Street Journal. Present owner Hiro Real Estate brought the tower to market last month. The Japanese company acquired the building in 1987. The building, marketed for sale [...]

Marcus & Millichap Arranges $6.4M Upper East Side Sale

Source: Commercial Observer Marcus & Millichap has arranged the $6.4 million sale of a 9,000-square-foot, five-story residential walk-up building at 319 East 90th Street on the Upper East Side, Commercial Observer has learned. The building, located between First and Second Avenues, contains 20 apartments, with 12 one-bedrooms and eight studio apartments, 17 of which are [...]