NEW YORK CITY-Jamestown places its 1.95-million-sf 1211 Ave. of the Americas on the market, handing the assignment over to Eastdil's Doug Harmon and Adam Spies. Jamestown paid approximately $590 million for the site six years ago.
PORT WASHINGTON, NY-Now that the firm's total assets top $1 billion, Cedar officials turn toward redevelopment. Total revenues for the first quarter total approximately $30 million, compared with $16.5 million this time last year.
NEW YORK CITY-Tom Kaufman joins the Cushman & Wakefield team. He will serve as executive director in the Lower Manhattan office. The firm anticipates an increase in leasing activity there over the next few years.
NEW YORK CITY-After spending five years in Brooklyn, Vocational Foundation returns to its Lower Manhattan roots. The firm inks a deal for the entire sixth floor at 52 Broadway.
NEW YORK CITY-Belfonti Capital Partners makes its first foray into the resort arena. The local firm acquires a 478-key resort in Palm Beach, Aruba for $230 million.
NEW YORK CITY-Belfonti Capital Partners makes its first foray into the resort arena. The local firm acquires a 478-key resort in Palm Beach, Aruba for $230 million.
NEW YORK CITY-A joint venture secures $83 million in financing for an 80/20 apartment on the Lower East Side. When it's completed in 2008, the 208,000-sf property will have 243 apartments.
NEW YORK CITY-A joint venture secures $83 million in financing for an 80/20 apartment on the Lower East Side. When it's completed in 2008, the 208,000-sf property will have 243 apartments.
NEW YORK CITY-Redevelopment is a larger percentage of New Plan Excel's net operating income. During the first quarter, the REIT signed on 156 new leases aggregating approximately 699,000 sf.
MELVILLE, NY-Reckson is looking to possibly increase the amount in its Australian LPT. The REIT expects to make $500 million worth of acquisitions and $300 million worth of sales.
