Live Breaking News & Updates on அட்லாண்டிக் வளர்ச்சி குழு
Stay updated with breaking news from அட்லாண்டிக் வளர்ச்சி குழு. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Marvel’s Jonathan Marvel and Dattner’s Kirsten Sibilia In the early weeks of 2020, architect Jonathan Marvel saw a steady stream of multifamily and public works jobs come across his desk. “And then everything came to a screeching halt,” he said. Marvel’s eponymous firm wasn’t alone. Design work dried up during the height of the pandemic as many construction sites shut down and financing became scarce. Still, once construction work was permitted to resume in New York, many firms saw business pick back up. The Real Deal compiled a list of the most active architecture firms of 2020, based on the square footage of ground-up projects. ....
You guessed it: For over half of it, taxpayers are on the hook. Time to take a look. The mortgage for “2 Cooper Square,” a 15-story luxury apartment tower with 143 units in the NoHo neighborhood of Manhattan, is now over 30 days delinquent, according to the Commercial Observer. In 2010, when the building opened, three-bedroom apartments sported asking rents “as high as $20,000 per month,” gushed the Wall Street Journal at the time. In 2012, the developer, Atlantic Development Group, sold the long-term leasehold in the building to Wafra Capital Partners in Kuwait for $134 million. In 2019, Wafra unloaded the leasehold to David Werner Real Estate and Emerald Equity for about $85 million – a loss of nearly $50 million, or about 37%. ....
450 West 31st Street, New York, NY 10001 Phone: 212-260-1332 We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it Privacy & Cookies Policy Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. ....