Articles Archive for 1 December 2011
Brokers Weekly »
Corcoran’s Barak/Blackburn Group just closed on a $16.425 million sale of five commercial lofts at 118 N. 11th Street in Brooklyn.
The deal brings the team’s tally to $88 million worth of real estate sales brokered at a single intersection in Williamsburg over the last five years, including six loft buildings, a vacant lot and all 45 condo units at 55 Berry.
During that time, the intersection at Berry and North 11th Streets has transformed from an area of empty commercial buildings into a residential and retail hub.
On Monday Lior Barak and …
Editorial Supplements »
It was over two years ago, in the aftermath of an outbreak of swine flu in several Queens schools that Paul O’Brien remembers feeling a sense of profound unease.
While the threatening pathogen’s limited impact and relatively quick departure had most of the city breathing a sigh of relief, O’Brien shuddered to think that it was probably left up to janitors and untrained cleaning staff to swab down the premises where the flu had spread.
Deals & Dealmakers, Featured, Headline »
Tenants from the sprawling East Side middle-income housing complex, Stuyvesant Town-Peter Cooper Village, have formed a partnership with Brookfield Asset Management to put together a multi-billion dollar bid to buy the 11,000 apartments and convert them to condos or co-ops.
The ST-PCV Tenants Association said on Wednesday that it had chosen Brookfield from a field of suitors looking to partner on a deal to buy the complex back from debtors.
The Toronto-based investment firm that is also downtown New York’s biggest office landlord, “shared the goals of tenants,” according to City councilman Dan Garodnick, a former lawyer who now represents the district in City Hall and who has a played a key role brokering the joint venture.
Deals & Dealmakers, Featured »
Normandy Partners is in contract to buy 1370 Broadway for $125 million, according to sources.
The 250,000 s/f Garment District building was offered for sale by Sitt Asset Management and investor Carlton Associates through Eastdil Secured last month. Sitt bought the 16-story office building from SL Green for $58.5 million in 2003.