The biggest investment sales deal of the year didn’t even involve brokerages.
In March, Amazon bought the landmarked Lord & Taylor building at 424 Fifth Avenue for $978 million.
The e-commerce giant did a direct deal with the seller, a joint venture of Rhone Capital, Hudson’s Bay Company and WeWork, which originally planned to renovate the 660,000-square-foot building to use as its corporate headquarters.
The deal, which worked out to about $1,480 per square foot, closed on March 12, just one week before Gov. Andrew Cuomo ordered all nonessential businesses, including real estate firms, to pause in-person activities as Covid-19 spread throughout the city. New York City’s investment sales market, already navigating a slow few years, took a big hit, with big deals stalled or falling apart altogether.
Monday, April 12, 2021 - 9:02 am
POTSDAM Potsdam police said they charged numerous motorists with driving infractions on April 8. Those charged included:
• Shane M. Lovely, 43, Colton, was cited for operating a motor vehicle while using a mobile telephone at 8:08 a.m. on Pierrepont Avenue.
• Mark A. Muller, 51, was cited for operating a motor vehicle while using a mobile telephone at 8:56 a.m. on Pierrepont Avenue.
• Melanie L. Horrocks, 42, Canton, was cited for uninspected motor vehicle on Sandstone Drive at 10:27 a.m.
• Suzanne M. LaPage, 54, Norwood, was cited for failure to yield right-of-way on a left turn on Market Street at 1:58 p.m.
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