The former owners f the Shops at Atlas Park in Glendale have put most of their surrounding property on the market, which means approximately 375,000 square-feet of space on 11.3 acres. “We’ve owned Atlas Terminals since the early 1920s, but it may be time to sell the property,” said ATCO Senior Vice President Damon Hemmerdinger. [...]
A Kent Swing development located at 45 Broad Street is scheduled for a foreclosure auction next month, when Lehman Brothers Holdings is expected to take over the real estate. While Swig Equities is still the owner of the property until it loses during the auction, the site is in the hands of a court appointed [...]
Fishman Holdings, an Israeli-based property investment company successfully purchased the development site at 5 Franklin Place at a foreclosure auction, becoming the new owner with new plans. The company is planning a 19-story, 58 unit condominium and construction on the new development will start early next year, Real Deal reported. The 18,747 square-foot site had [...]
Development activity was up in recent years along Sixth Avenue south of Herald Square Despite financial and foreclosure crisis waves hitting the US. 815 Sixth Avenue was an exception though, because the site stalled, due to huge roadblocks. Now Curbed reports the site is entering foreclosure auction November 9 with a lien of more than [...]
The nearly $2.6 million apartment in the Heritage at Trump Place at 240 Riverside Boulevard has found its buyer, according to the listing page. The property which belongs to Good Morning America’s newscaster Robin Roberts has 1,586-square-foot of living space and it was bought for roughly the listing amount. According to public records, Roberts, who [...]
The third quarter of this year brought a decline in new foreclosure auctions in New York City, PropertyShark reported. However, this drop is not a sign of any installed stability of the housing market. The report says that only 207 new foreclosures were filed in Q3, down 33 % from the 311 filed in Q2, [...]
Recent report covering Manhattan’s residential sales show an increase in the third quarter of 2011, creating an overall picture of stability in Manhattan’s residential market. While the most research companies pushed the red button, with recession on it, Manhattan’s high-end sales market recorded a sudden rise for properties at $5 million and above, as well [...]
Steve Witkoff’s Witkoff Group is now the owner of a part of the former International Toy Center building which the entity purchased from Lehman Brothers Holdings for $191 million. This comes after a bankruptcy auction held by Eastdil Secured back in June. According to Witkoff, he plans a $290 million condominium conversion of the property [...]
