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The Carlyle Grp. and Crown Acquisitions buy controlling interest in retail at 666 Fifth

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Manhattan, NY Global private equity firm The Carlyle Group and Stanley Chera's Crown Acquisitions recently completed the acquisition of a controlling interest in the retail portion of 666 Fifth Ave. from the building's owner, Kushner Cos., for $525 million. Located in one of the most prestigious retail corridors in the U.S., this 90,000 s/f retail property is on Fifth Ave. between 52nd and 53rd St. This property is one of a few to offer 200 ft. of uninterrupted retail frontage on Fifth Ave.
"This is a ...

GE Real Estate provides $62m loan to Madison 92nd St. Associates, LLC

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Manhattan, NY GE Real Estate provided a $62 million fixed-rate loan under its Flexible Fixed Rate Program to Madison 92nd St. Associates, LLC to refinance the Marriott Courtyard Upper East Side. It is one of the only major branded hotels in a predominantly residential area.
Opened in August 2006, the 226-room Marriott Courtyard Upper East Side is located near the southeast corner of 92nd St. and 1st Ave. The neighborhood has a large portion of the city's healthcare facilities including Lenox Hill, Memorial ...

Von Der Ahe, Koicim, Boukhalfa of Marcus & Millichap handle $16.65m

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Manhattan, NY Marcus & Millichap Real Estate Investment Services has arranged the $16.65 million sale of a four-building portfolio consisting of 72 rental units on the borough's West Side. Located in the Fashion Center and Hell's Kitchen neighborhoods, the portfolio traded at $231,250 per unit, or $421.73 per s/f. The portfolio sold at a cap rate of 4.87% cap rate and a GRM of 15.
Peter Von Der Ahe, an associate vice president investments and director of Marcus & Millichap's National Multi Housing ...

Barbanel of CBCPU is agent for 170 and 174 Delancy Sts., Manhattan Manhattan, NY Coldwell Banker Commercial Properties Unlimited (CBCPU) signed two multifamily buildings in the Lower East Side with over 10,000 s/f. Shane Barbanel exclusively represents the seller of both 170 and 174 Delancey Sts.
170 Delancey St. contains 13,350 s/f and is six stories with two store spaces and 22 apartment units.
174 Delancey contains 11,375 s/f and has five stories with 27 units.

City and Port Authority agree on policing of World Trade Center site Manhattan, NY Mayor Michael Bloomberg and the Port Authority recently revealed that the city of New York and the Port Authority of N.Y. and N.J. have agreed on a plan to jointly police and secure the World Trade Center site. The agreement marks a milestone in the rebuilding effort, under which the NYPD, working with the Port Authority, will develop and implement a comprehensive security plan for the site and the surrounding area. To ensure that security operations at the site are seamless, NYPD will have ...

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