News:
Brokerage
Posted: October 27, 2014
Vegh of Westwood brokers $66.65 million sale of Central Harlem portfolio
Apartment Investment and Management Company (AIMCO) has closed on the sale of a 21-building, mixed-use portfolio in Central Harlem for $66.65 million. The buildings were originally purchased by AIMCO in 2007 as part of a large portfolio from Heritage Realty. The walk-up properties consist of 224 residential units and 30 retail stores which span over three city blocks, mostly on Adam Clayton Powell Blvd. Together they contain 215,000 s/f of space with a great unit mix. The deal was sold as an off-market transaction by Steven Vegh of Westwood Realty Associates who was the sole broker.
The purchaser is a private Brooklyn based real estate investment firm who believes in the gentrification of the neighborhood.
Tags:
Brokerage
MORE FROM Brokerage
Venture Brokerage Group leases 2,100 s/f to CAVA at Victor Crossing
Victor, NY According to Venture Brokerage Group, CAVA, the Mediterranean fast-casual restaurant brand, is coming to 401 Commerce Dr., at Victor Crossing. Janell Vanegas
Quick Hits
 (2).gif)
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)