Archive for November, 2013

Posted By:   on Nov 28 2013

Source: Crain’s New York Business Real estate investor David Werner is in talks to acquire the 37-story, 1.1 million-square-foot office tower 5 Times Square with a partnership of investors for about $1.5 billion, according to several sources familiar with the [...]

Posted By:   on Nov 26 2013

Source: The Real Deal Two multifamily properties near Columbia University’s new 17-acre Manhattanville campus have sold for $15 million, or $384,615 per unit, brokers on the sale told The Real Deal. The West Harlem buildings, at 556-562 West 126th Street, [...]

Posted By:   on Nov 22 2013

Source: New York Post One year ago, the Financial District seemed like a lost cause. Residents were still drying out from Hurricane Sandy, with thousands unable to return to their apartments due to lack of power. The humming of generators [...]

Posted By:   on Nov 20 2013

Source: Commercial Observer Acadia Strategic Opportunity Fund II, a subsidiary of Acadia Realty Trust, has agreed to sell Fordham Place, a 262,000-square-foot mixed-use property in the Bronx, to Retail Properties of America for $133.9 million. The transaction is the second [...]