Articles Archive for 6 May 2011
Brokers Weekly, Featured »
By Roland Li
A 3,316 s/f condo at the Trump Tower at 721 Fifth Avenue has been sold for $13.3 million, according to city records. The unit, #4849D, was sold by 48 Acquisition LLC and purchased by Arizona-based Verde NY Property I. The buyer’s attorney, Margery Weinstein, declined to comment on the sale. Read more...
Deals & Dealmakers, Featured »
By Roland Li
Brooklyn Friends School has signed a 15-year lease in the ground floor retail space of be@schermerhorn at 189 Schermerhorn Street. The school, which has programs from preschool to 12th grade, will move its youngest students into the 4,742 s/f space. The school has around 685 students and has its main facilities at 375 Pearl Street, previously occupied by Brooklyn Law School, and another 17,000 s/f at 66 Willoughby Street. Read more...
Opinion »
By James Kinsey
From the Opinion section: Those of us working in the New York City real estate market know that there is our market…and then there is everywhere else. Domestic and international conditions tend to impact New York City in powerful ways, but, more often than not, we come out ahead. And sometimes — as is the case now — conditions that hurt people in other industries and locations actually create great opportunities in our market. Read more...
Deals & Dealmakers, Featured »
By Roland Li
Dean Shapiro, a former CB Richard Ellis managing director, has been appointed as the senior vice president of Oxford Hudson Yards, where he will lead in-house commercial leasing and marketing efforts for the 26-acre project. The Hudson Yards plan, developed by the Related Companies and Oxford Property Group, calls for 13 million s/f of new commercial and residential development. Read more...
Construction & Design, Featured »
By Sabina Mollot, Town & Village
With local branches of bookstores such as Borders and Barnes & Noble closing in Manhattan and elsewhere and consumers switching to e-readers such as Kindles and iPads, opening a new brick and mortar bookstore might seem like a strange move. But Van Alen, a nonprofit institute aimed at supporting the architectural and design industry, saw a need, and opened a Flatiron bookstore on April 25. Read more...
