Sheffield57 closes $450m in sales in 2008

Sheffield57, a condo located at 322 West 57th St. at Columbus Cir., has completed nine new contracts of sale. The projected sellout is now estimated at $1.1 billion. Swig Equities is the developer of the property, along with YL Real Estate Developers and S&H Equities. Through 2008, Sheffield57 closed $450 million in sales, representing 59% of the total available residences for sale, almost all of which were below the 40th floor. Foreign buyers purchased just 19% of the residences with 81% of residences sold to domestic buyers, the majority from N.Y. or the tri-state region. Most of the available residences recently released for sale are above the 40th floor.

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AmTrustRE completes $211m acquisition of 250 Madison Ave.

Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring

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Vision Hudson Valley names Smith of Richard J. Smith Enterprises as Ottaway Medal recipient

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Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

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Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.