NEW YORK CITY-Richard Grasso officially slams the brakes on plans to build a Downtown trading floor across the street from NYSE headquarters. The new plan is to build a second trading floor somewhere outside of Lower Manhattan.
NEW YORK CITY-The buyers are Coventry Real Estate Partners, based here, and Cleveland REIT Developers Diversified. Local firm Rockwood Realty Associates represented the seller, a Lehman affiliate.
NEW YORK CITY-Purchased two years ago from TrizecHahn in a $514-million, four-building deal, Brookfield is selling the Calgary office complex to a major Canadian investor. The deal is expected to close Aug. 1.
NEW YORK CITY-In its second major multifamily buy in less than a year, Craig Koenigsberg's partnership with Houlihan-Parnes/iCap has closed on the acquisition of six garden apartment communities purchased from Irving, TX-based Archon Group.
NEW YORK CITY-The growing construction management firm inks a five-year deal for two full floors at the recently restored Downtown property. The deal started out as a sublease but ended up as a direct transaction with building owner Capital Properties.
NEW YORK CITY-City National Bank will acquire a Fleet Bank branch in Newburgh NY, in order to establish a New York presence. Once the deal closes, the branch will be relocated to Midtown.
NEW YORK CITY-Scott Latham and Jon Caplan handed in their resignations at CB Richard Ellis last night and have signed on as senior directors at rival Cushman & Wakefield. The pair will work out of C&W's Metropolitan Financial Services Group.
NEW YORK CITY-Jones Lang LaSalle negotiates an extra 12,000 feet for the privately held investment partnership. The 500,000-sf Edward Larabee Barnes-designed office tower is located in the Plaza District at the corner of 54th Street.
NEW YORK CITY-The new venture's first buy is a 412,000-sf office building at Fifth Avenue and 38th Street in Midtown's Grand Central District. The seller a partnership of Blackacre Capital Group and Emmes & Co.
NEW YORK CITY-The hedge fund is taking a shot at real estate with the creation of Perry Real Estate Partners, a new investment group led by former Blackacre Capital Management vice president Andrew Isikoff and managing director Robert Stern.
