Stay updated with breaking news from ராக்ரோஸ் வளர்ச்சி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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. ....
Manhattan Office Properties Trade at a Discount therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Linc LIC and Jackson Park (RockRose, Tishman Speyer) For years, Long Island City has been experiencing rapid growth: New residential high-rises were built left and right, with thousands of residential units slated for delivery by 2020. Amazon took notice, choosing the Queens neighborhood for the site of its proposed second North American headquarters in 2020. But a lot can change in a couple of years. Amazon scrapped its plans to move to Long Island City, and then coronavirus hit, leading renters to ditch their new apartments and sending vacancy rates soaring. And that could spell trouble for the developers of those enormous apartment towers. ....
Share via Shortlink Clockwise from left: Scott Stringer, Eric Adams, Shaun Donovan and Ray McGuire (Getty/Photo illustration by Kevin Rebong for The Real Deal) More than a year ago, the New York Post, citing unnamed sources, reported that Comptroller Scott Stringer would join a growing list of mayoral candidates rejecting campaign contributions from the real estate industry. That wasn’t quite true, it turns out: Landlords, brokers and other real estate players gave $10,560 to the city comptroller’s mayoral campaign in the past six months, according to an analysis by The Real Deal. Stringer’s campaign, which was quoted in the Post story and for nearly a year did not refute it, told ....