Archive for the ‘New York’ Category

Digital Marketing Firm Expands in Midtown South

Source: Commercial Observer Less than a year after moving into the sixth floor at William Macklowe Company and Principal Real Estate Investors‘ 20-story building 386 Park Avenue South in Midtown South, digital marketing firm NewsCred doubled its footprint to take the entire 13,000-square-foot fifth floor in the building as well, Crain’s New York Business reported [...]

CB Developers to pay $25M for site next to Murray Hill project

Source: The Real Deal Charles Blaichman’s CB Developers is in contract to acquire three adjacent five-story buildings for $25.2 million, or $420 per square foot, The Real Deal has learned. The rental buildings at 587-591 Third Avenue, near 39th Street, offer a combined 60,000 buildable square feet. They sit next door to an 18-story, 91-unit [...]

Former Helmsley Building could hit market for $1.5B

Source: Crain’s New York Business The ornately topped office building that boldly straddles Park Avenue and was once one of the crown jewels of the portfolio of New York’s most famous landlord may be up for grabs. Sources say that 230 Park Ave.—whose glistening crown, set alight at night by high-tech, multi-color LEDs, makes it [...]

Warner Music boss scores big with $35M Fifth Avenue PH sale

Source: The Real Deal Warner Music Group CEO Stephen Cooper netted a $15 million profit on the sale of his Fifth Avenue penthouse, according to public records. Cooper sold the duplex apartment at 1136 Fifth Avenue for $35 million. The sale, which hit public records on Sunday, was $5 million above his asking price of [...]