Articles Archive for 27 April 2011
Brokers Weekly, Featured »
By Roland Li
Billionaire Jeff Greene, who made a fortune betting against subprime mortgages, has picked up another sort of distressed asset. Greene’s firm, Coral Gables, FL.-based Florida Sunshine Investments, Inc., has purchased 62 Wooster Street for $26.27 million, according to city records. The building, which also has the address 476 Broome Street, was a planned luxury conversion by Trinity Development Group, with five residential units, a roof-top swimming pool and 4,000 s/f of retail space with art galleries.
Deals & Dealmakers, Featured »
By Daniel Geiger
U.N. Women, a newly formed office of the United Nations that became operational earlier this year, has taken 85,000 s/f at 220 East 42nd Street. Asking rents in the building are around $55 per s/f, although it was not clear by press time what the UN had negotiated to pay. The deal will bring a U.N. tenant back to the roughly 1.1 million s/f property after the United Nations Population Fund relocated from the building to Third Avenue last year.