Archive for the ‘New York’ Category

Broad Street Development Closes on 80 Broad for $173M

Source: Commercial Observer This past Friday, Broad Street Development has closed on the purchase of 80 Broad Street from Savanna for $173 million, Commercial Observer has learned. Savanna announced the sale of the 423,000-square-foot Financial District office building today. Broad Street Development said the sale price was $173 million. Real estate private equity firm Savanna [...]

Rents soar high in Bushwick as popularity grows

Source: NY Post Bushwick is Brooklyn’s rising star — boasting the borough’s highest overall average rent increase: a stunning 29.76 percent for one-bedroom apartments in just one month, according to a new market report. The average one bedroom apartment rental jumped from $2,040 a month in July to $2,647 in August, according to brokerage firm [...]

Sam Boymelgreen puts the Kestrel up for sale for $90M

Source: The Real Deal Developer Sam Boymelgreen is putting his amenity-rich rental building in Windsor Terrace Brooklyn, the Kestrel, on the block just months after leasing began. Boymelgreen is seeking $90 million dollars for the 126-unit complex, the New York Observer reported. If the Kestrel goes for that price — or anywhere in that ballpark [...]

Most Popular Cities for Luxury Real Estate in the US

Source: Realty Biz News Around the United States there has been a rise in the purchase of luxury real estate. Now that economy is doing better, people have more money to spend and invest in different areas, the most prominent being the real estate market. Those who can purchase luxury real estate can have their [...]