By Roland Li

Hotel Azure, an 11,047 s/f hotel with 1,460 s/f of retail, is on the market for $23.8 million. The Chinatown property, at 120 Lafayette Street, was originally listed for $29 million in October. It has a 7% capitalization rate. The listing brokers are Wei Min Tan, an executive vice president of Castle Avenue Partners at Rutenberg Realty, and his partner, Susan Chan. Read more...

By Liana Grey

LAS VEGAS — Few deals are sealed at ICSC’s Annual Conference, but it’s a good place to get them started. On Sunday morning, Gary Alterman, a vice president of Robert K. Futterman & Associates’ New York office, met with a Manhattan developer and a tenant based in California, and drew up an outline for a potential deal. “We’re going to meet in June,” he said. Read more...

By Daniel Geiger

950 Second Avenue, a development site that can accommodate up to about 80,000 s/f of residential space, has been sold to an Israeli group for roughly $25 million, according to sources. Darban Investments, a subsidiary of the Tel-Aviv based investment company Fishman Group that is involved in real estate development and management, is buying the site, according to sources. The deal is the second that the real estate company has completed in the city in recent months. Read more...

By Roland Li

From New Jersey to Long Island, Brooklyn to the Bronx, Barry Fishbach has a broad view of the retail market. Fishbach, an executive vice president of Robert K. Futterman & Associates, alongside partner David Rosenberg, have a specialty in so-called outer boroughs retail, along with work in the tri-state area. But with public transportation and shifting residential populations, former secondary markets have emerged as prime choices for national chains. Read more...

By Robert Meulmeester

From the Opinion section: Has the dust finally settled after one of the deepest recessions in the U.S.? It seems so, as certain investors appear to believe that economic growth and disposable income will be as abundant as ever, considering that certain core office investments realized sub-5% capitalization rates. In fact, U.S. office landlords had the first net increase in occupied space in three years in the fourth quarter of 2010, according to Reis Inc. Read more...

By Roland Li

George Herbert Walker IV, the cousin of George W. Bush, has sold an apartment at 45 Greene Street for $8.63 million, according to city records. The second cousin of the former president, Walker is currently the chairman and CEO of Neuberger Berman, a financial services firm that was sold by Lehman Brothers in the wake of its bankruptcy. The buyer of the apartment, Unit #6, was listed as 45 Greene PH LLC. Read more...