Cornerstone Real Estate Investments has completed a $33 million sale for five adjacent apartment buildings on Elizabeth Street, just south of Houston Street, in Nolita.

Edmond Levy, principal broker at Cornerstone, represented the seller.

Times have changed in corporate real estate. And Marcus Rayner wants to spread the word about an organization he thinks can help professionals make sense of the world of modern business.

Over the past 20 years, the work of corporate real estate managers has shifted from focusing mainly on individual deals to a broader, more strategic oversight of often far-flung and diverse portfolios, the outgoing chairman of CoreNet Global’s New York chapter says.

At the same time, the way that companies interact with their space continues to change amid growing interest in both employee productivity and environmental efficiency.

By Holly Dutton

A rental building on the Upper West Side has traded for a record price.

The 12-story building at 498 West End Avenue, marketed by Fenwick Keats Real Estate, was purchased by Queens-based Samson management for $52.5 million, a record for a rental building with fewer than 50 units along the avenue.