Archive for the ‘Real Estate’ Category

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 [...]

Celeb Talent Agency Signs Lease at 11 Madison Avenue

Source: Commercial Observer International celebrity talent agency William Morris Endeavor Entertainment has signed a long-term lease for 70,000 square feet of space at 11 Madison Avenue, the New York Post reported. Asking rents in the building, which is adjacent to Madison Square Park, were $92 per square foot, the paper noted. The space is located [...]

AIG Lends $113M on Hudson Square Office Building

Source: Commercial Observer Chicago-based Callahan Capital Properties has taken out a $133 million loan from the insurance arm of AIG, public records indicate. The loan is backed by office building 330 Hudson Street, in the Hudson Square area. Callahan, along with partner Ivanhoé Cambridge, a Canadian pension and insurance fund manager, announced last month that [...]

One West Bank Lends on $42M Calif. Industrial Acquisition

Source: Commercial Observer An affiliate of Angelo Gordon & Co. and partner Crowsnest Properties refinanced an industrial business park called the Cerritos Corporate Center, in Cerritos, Calif., with $30 million from Pasadena, Calif.-based One West Bank. The 460,356-square-foot asset is located at 13810-13950 Cerritos Corporate Drive. The partnership purchased the property for $42.4 million last [...]