Archive for the ‘Business’ Category

Infinity Real Estate picks up Kingswood Plaza in $80M buy

Source: The Real Deal Infinity Real Estate LLC, in partnership with Nightingale Properties, acquired two mixed-use properties in Brooklyn’s Midwood section. The purchase price for the properties was $79.1 million, sources told The Real Deal. Located on the Kings Highway commercial corridor, the buy includes Kingswood Plaza, a 230,000-square-foot mixed-use building at 1630 East 15th [...]

Klosed Properties Closes First Soho Acquisition

Source: Commercial Observer Klosed Properties has made its first Soho property purchase, picking up a retail condominium unit at 202 Spring Street for $7 million, Commercial Observer has learned. Klosed bought the property in partnership with Namdar Realty Group, said Steven Kachanian, the principal at Klosed. The deal took about two and a half years [...]

Seeking a posh spot in Flushing? This condo’s rights are for sale

Source: NY Post If you crave a piece of Sky View Parc, the belatedly but decisively successful luxury condo-retail project in Flushing, this might be your chance. Muss Development, a joint-venture partner with Onex Real Estate Partners, is putting giant Sky View’s unbuilt, second residential phase up for sale. Muss is expected to put out [...]

Frank Lloyd Wright-designed home lists for $3.1M

Source: The Real Deal A home designed by Frank Lloyd Wright was almost destroyed by tasteless renovators in the 1980s. Luckily, the property was saved in the 1990s by an architecture enthusiast, and now it’s on the market asking $3.195 million. In the 80s, the owners of this Houston estate added “tacky new columns and [...]