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Dayton's Project Developer Sues Mezzanine Loan Holder

Dayton's Project Developer Sues Mezzanine Loan Holder
tcbmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tcbmag.com Daily Mail and Mail on Sunday newspapers.

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Gemeenten vrezen leegstand in stadscentrum

Gemeenten vrezen leegstand in stadscentrum
binnenlandsbestuur.nl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from binnenlandsbestuur.nl Daily Mail and Mail on Sunday newspapers.

Association Of Dutch Municipalities , Sw Companies , Dutch Municipalities , Emphasis Added , There Are , சங்கம் ஆஃப் டச்சு நகராட்சிகள் , டச்சு நகராட்சிகள் , அங்கே உள்ளன ,

Rockrose Purchase Values Nomad Offices at $235M

11 East 26th Street with Henry and Justin Elghanayan (Google Maps, Getty)
UPDATE, April 30 2021, 11:25 a.m.: At least one developer is looking at the office market through rose-colored glasses.
Rockrose Development purchased a 14 percent interest in a 218,000-square-foot office building at 11 East 26th Street in Nomad for $32.9 million. The investment values the pre-war building at $235 million, down only slightly from its pre-pandemic valuation of $246 million.
The purchase gives Rockrose a 42.5 percent tenant in common interest in the building, according to property records, which is a non-controlling share. Adams & Company’s David Levy, whose firm is the managing agent for the building and first bought into it in 1968, said he expects no major changes to the property. ....

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NYC's Top Investment Sales Firms of 2020

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. ....

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Vornado's 909 Third Avenue: What Tenants Pay in Rent

Vornado’s Steve Roth. (Getty, Google Maps)
Since it was built in 1968, the 490,000-square-foot warehouse at 909 Third Avenue in Midtown has been home to the United States Postal Service’s main mail handling facility in New York City. The warehouse forms the base of a 32-story office tower designed by Emery Roth & Sons, giving the building which occupies the block between 54th and 55th Streets a unique shape.
Vornado Realty Trust acquired the leasehold interest in the property in 1999, and has since invested more than $184 million in capital improvements, including two major renovations that added outdoor amenity space and led to the building receiving LEED Gold certification. ....

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