A development site in the Hudson Yards hit the market, according to the Real Deal. The site is located at 462-470 11th Avenue and 554 West 38th Street and features about 320,000 buildable square feet over five adjacent parcels, Massay Knakal Realty Services announced yesterday. The plot can host developments such as office buildings or [...]
A pair of Midtown hotel properties belonging now under the ownership of The Alexico Group are likely to go back to the lender by the end of the year, after the New York State Supreme Court Judge ruled that the debtholders on the Flatotel and Alex Hotel can proceed with foreclosure on the properties, The [...]
A retail condo at the Yves, located at 127 Seventh Avenue at 18th Street featuring 2,064 square-feet on the ground floor will be purchased by Lloyd Goldman’s BLDG Acquisition. As public records show, the property developer is Ben Shaoul’s Magnum Real Estate Group, which agreed to sell the property to Goldman on January 5 when [...]
According to Bloomberg’s sources, Rockrose Development is in talks to purchase 575 Lexington Avenue for $370 million. The information used by Bloomberg came from Real Estate Alert, saying that the 35-story, 585,000 square-feet office tower located between East 51st and East 52nd streets is at this time in the ownership of Silverstein Properties and the [...]
Atlas Capital and GreenOaks Real Estate purchased the defaulted note on Jeremias’ Chelsea office building, Crain’s reported. The 172,000-square-feet commercial real estate property has now a new leasing team with plans to attract tenants to the building. According to information previously supplied by The Real Deal, Atlas Capital Group had plans to buy the property, [...]
RFR Holding’s Aby Rosen is ready to buy back the $144 million note at 610 Lexington Avenue for a discounted price, sources familiar with the matter said. The property that sits vacant for some time now was slated to host the Shangri-La Hotel, adjacent to Rosen’s iconic Seagram Building at 375 Park Avenue, is in [...]
According to information provided by PropertyShark the property located at 358 Broadway and Franklin Street in Tribeca will hit the foreclosure auction block on February 1., with a lien amount of $26.8 million. The 12-unit, 48,180-square-feet building sits on a 9,555 square-feet lot and it is zoned for a wide range of high-bulk commercial uses. [...]
Savoy Park, a nearly 2,000 unit complex in Harlem, bought by Savoy Park Group which includes Area Property Partners and Vantage Properties are facing financial woes and slipped into foreclosure, Trepp reported recently. The joint venture purchase the complex at the height of the housing boom in 2006 for $175 million. But after refinancing the [...]
