Formerly a movie theater, the building, built in 1920, currently houses a New York Sports Club, Duane Reade and a branch of Washington Mutual Bank. Skyline has been in the news recently as it is currently building two residential condo buildings, one at 170 East End Ave. and the other at 37 Wall St., as GlobeSt.com has reported.
Wilf is expanding his retail holdings to Queens. "We feel that Astoria represents an emerging and still undervalued opportunity," Wilf says in a prepared release. "We believe this property fits well into our commercial portfolio."
Skyline Developers is a Manhattan-based affiliate of privately held Garden Homes Development. Garden Commercial Properties, also an affiliate, owns and manages more than 20 million sf of commercial properties in 37 states nationwide. Skyline also recently purchased three buildings for $170 million at 1040, 1050 and 1052 Ave. of the Americas as GlobeSt.com reported. The company also purchased 1381 through 1389 Third Ave. for $36 million, where it plans to construct a luxury rental property. Skyline was unable to respond to questions by press time.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
