NEW YORK CITY-With the purchase of the Four Points by Sheraton Midtown Times Square, the real estate arm of the Gehr Group now owns neighboring hotels on 40th Street.
NEW YORK CITY-The reinsurance company will consolidate offices in a move to 125 Broad St. in Lower Manhattan, making it the latest in a number of businesses making the move downtown.
NEW YORK CITY-Gold, a safe haven for investors during the downturn, needs room to grow. The World Gold Council, which runs the EFT SPDR Gold Shares, has outgrown its current space and will take the entire 9th floor at 510 Madison Ave., Studley’s Zev Holzman tells GlobeSt.com.
NEW YORK CITY-Maplewood Communities, a developer and operator of assisted living facilities, is expanding its presence in the tri-state area, with a first wave of $60 million in financing from Aviv REIT, Inc., chairman and CEO Gregory D. Smith tells GlobeSt.com.
NEW YORK CITY-Rockpoint Group wants out of 299 Park Ave., according to reports, and has retained CB Richard Ellis to find a buyer for its stake in the building.
NEW YORK CITY-The museum broke ground on its new location in the city’s meatpacking district yesterday. To date, $508 million has been raised for the building--long thought to be an impossibility, but now expected to open in 2015.
