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Alchemy Properties and Daishin Securities acquire 378 West End Avenue from West End Collegiate for $...
September 18, 2018
Manhattan, NY Alchemy Properties has acquired 378 West End Ave. for $158 million. The subject will be combined with a new building to be constructed at 260-262 West 78th St., which is the former location of Collegiate School. Upon completion, the project will be located on West 78th St. between Broadway and West End Ave. Alchemy is partnering with Daishin Securities, a South Korean investment bank with multiple projects across the United States, to develop this property.
Convene leases 116,000 s/f at 530 Fifth and 28,232 s/f at 75 Rockefeller; Birney and Budd of RXR in-...
September 18, 2018
Manhattan, NY Convene, a leading flexible workplace and amenity services partner to class A landlords, completed a 116,000 s/f lease at 530 Fifth Ave. and officially opened the doors to its 20th location containing 28,232 s/f at 75 Rockefeller Plaza, both RXR-owned properties. These are Convene’s 3rd and 4th locations as part of a partnership with RXR.
Barone Management acquires Dyker Heights complex for $37.5 million
September 18, 2018
Brooklyn, NY According to Scott Barone, founder and president of Barone Management, a NY-based development, construction and investment company, the firm closed on its $37.5 million purchase of the former Angel Guardian Home in Dyker Heights from the Sisters of Mercy. The proposed development site is the largest to become available in the neighborhood in over 40 years and will yield much-needed housing for seniors and families as well as schools and other community facilities. Tim Sheehan of CBRE represented seller.
Chen of Fultonex reps ownership in $1.855 million sale of 1,456 s/f office condo
September 18, 2018
Queens, NY Co-developers F&T Group and SCG America has completed the $1.855 million sale of a commercial condominium purchased by Quontic Bank within office condominium building, Tangram Tower.
Question of the Month: How does combining leasing and property mgmt. lead to better outcomes for lan...
September 18, 2018
Considering all of the thousands of buildings in New York City, it is surprising how many are mismanaged. Often, communication between the leasing firm and property management company…
Cignature Realty Associates brokers two Manhattan sales totaling $13.425 million
September 18, 2018
Manhattan, NY Cignature Realty Associates, a commercial real estate brokerage company, completed $13.425 million:
Stacom and Spector of CBRE sell 183 Madison Avenue
for $222.5 million; Buyer was APF Properties
September 18, 2018
Manhattan, NY CBRE completed the sale of 183 Madison Ave., a 19-story office building located in the Midtown South neighborhood. CBRE’s Darcy Stacom and Ryan Spector represented the sellers, Tishman Speyer and Cogswell Lee Development, in the transaction. APF Properties purchased the property for $222.5 million.
Singer and Cody of Cushman & Wakefield lease space to DYLANLEX
September 18, 2018
MANHATTAN, NY According to Cushman & Wakefield, the real estate services firm has arranged a new lease for a popular jewelry designer, DYLANLEX, at 252 Mott St. This will be the brand’s first ever brick-and-mortar location.